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Thursday, May 24, 2018

This week’s retirement strategies and news


May 24    
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  Personal Finance
 
Brown stucco building with Social Security Administration on the side above glass doors.
 
  What's the strangest Social Security benefit you can get? A $255 lump sum death benefit  
  The Social Security Administration pays out a $255 lump sum death benefit to qualified recipients. It's unclear why this little-known benefit exists, but millions of people still get it.  
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  Personal Finance      
    Retiring to ocean breezes and cheap rent. What’s the catch?
Looking to retire out of the country? You best be open-minded, unafraid of change and ready to embrace the new and unexpected.                              
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  columnist      
  Binder labeled retirement savings plan with calculator sitting on top of it.   9 ways to plan for a comfortable retirement and financially secure old age
The number of Americans 65 and over rose 33% to 49.2 million from 2006 to 2016, and that population could double by 2060. Financial advisers say there’s plenty to do to plan for a healthy and financially comfortable retirement.                              
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  money      
  Warren Buffett speaking with reporters.   Here's how Warren Buffett thinks we should fix Social Security
Berkshire Hathaway CEO Warren Buffett, the Oracle of Omaha, thinks we should save Social Security -- here's how he thinks it can be done.                              
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  Personal Finance      
  Large pile of hundred dollar bills   Bad financial habits: Three money moves that hurt your retirement savings
Nearly half (46%) of Baby Boomers don't have anything saved for retirement, according to a new study, and only 23% believe they have enough saved to last through their golden years. Here are a few bad habits to nip in the bud before they become major                              
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  Personal Finance      
  Whether you've reached retirement or are saving for it, dividend stocks can help.   How to save for retirement when you're living paycheck to paycheck
Even if you don't have much cash to spare, you can start saving for retirement.                              
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  Personal Finance      
  A mature man shrugging his shoulders.   People don't understand Social Security, and a new survey confirms it
Social Security is much more than just a paycheck -- it's a financial foundation for millions of retirees. What you don't know could cause you to leave money on the table during retirement.                              
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  Personal Finance      
  Piggy bank drowning in water   Retirement shortfall: 31% of Americans have less than $5,000 saved, survey finds
A survey of 2,003 adults found that 21% of Americans have nothing saved at all for their golden years, and a third of Americans have less than $5,000 put away.                              
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  columnist      
  More employers are nudging new hires into 401(k) plans through auto-enrollment.   Job hunters: Forget the frozen yogurt, ask employers about perks like a 401(k) plan
If you're looking for a job, the way a potential employer handles 401(k) contributions and matches is as important as salary.                              
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  Personal Finance      
    When changing jobs, hit the brakes before you take this step with your 401(k) plan
Retirees and job-switchers hit a crossroad: Keep that 401(k) plan at your old employer or roll it over to an IRA. Retirement plan service providers have the ability to nudge you toward one decision or the other.                              
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  The Day In Pictures Gallery
Lava from the Kilauea Volcano pours out of fissures in the earth creating an eerie nighttime scene on May 23, 2018 in Pahoa, Hawaii.  Kilauea is one of the most active volcanoes in the world and one of five on the Big Island of Hawaii. It erupted May

Lava from the Kilauea Volcano pours out of fissures in the earth creating an eerie nighttime scene on May 23, 2018 in Pahoa, Hawaii. Kilauea is one of the most active volcanoes in the world and one of five on the Big Island of Hawaii. It erupted May
 
  Popular Stories
NFL's national anthem policy: Players on field must stand, show 'respect'
'Show Dogs' removes 2 scenes thought to portray sexual abuse after backlash
Parents are warning that 'Show Dogs' portrays sexual abuse and is not OK for kids
 
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