Nearly Three-Quarters of Retirees Experience a Financial Shock

Submitted on Wed, 10/26/2016 - 3:56 pm
PlanAdvisor

72% of retirees experience at least one financial shock, and for one third of them, it depletes their savings by 25%, according to the Society of Actuaries’ (SOA) 2015 Risks and Processes of Retirement Survey. The types of shocks and unexpected expenses most often reported by retirees include:

Planning for Life Expectancy

Submitted on Mon, 04/06/2015 - 1:29 am

One of the confusing things about planning for retirement is trying to figure out how long it will last. It's as if I was crouched at the start of a race without any idea how long the race will be. If it's going to be short, maybe I should sprint for it and not worry too much about running out of energy. But if it's going to be a marathon I'll want to nurse my resources and watch them carefully so I don't run out too soon. But getting some idea how long the race will be means figuring out my life expectancy.

Over-60s volunteering in retirement

Submitted on Thu, 12/11/2014 - 11:26 pm
BBC News
Two out of five people over the age of 60 do voluntary work, a survey has suggested. A fifth of those questioned helped at least two charities. Women were more likely to support children or lunch clubs while men volunteered at local football clubs or health charities. Almost 700 over-60s were questioned by the Royal Voluntary Service who found that most - 83% - did so because they believed charity work was important. Nearly half of those questioned said they chose to volunteer because they needed to feel their life had a purpose - and 3% said they needed time away from their partners.

2014 Wolters Kluwer, CCH Whole Ball of Tax

Submitted on Sat, 11/29/2014 - 7:11 am
CCH

CCH, a part of Wolters Kluwer and a leading global provider of tax, accounting and audit information, software and services (CCHGroup.com) takes a look at state tax rates, changes and compares differences across the nation. “Costs of living are obviously a huge consideration in deciding where to live or retire to,” said Sandy Weiner, JD, State Tax Analyst for Wolters Kluwer, CCH. “Retirees should really do their homework on the types of taxes they’d be responsible for paying and the rates they’d be taxed at when comparing different locations.”