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PBGC Blog: Retirement Matters

There are a number of websites and online tools to help with retirement planning.  In particular, retirement calculators are one of the most useful tools in helping future retirees figure out how much to save for retirement. Although this tool, in its many variations, can be extremely helpful, very few actually provide detailed instructions on how best to use them. Fortunately, CBSNEWS.COM features Steve Vernon's tips on using retirement calculators:

  • Tip #1: What rate of return do you expect on your retirement savings?
  • Tip #2: When do you expect to retire?
  • Tip #3: How long will you live?
  • Tip #4: How much retirement income do you need?
  • Tip #5: Should you include Social Security benefits?

Read the CBSNEWS.COM full article:http://www.cbsnews.com/8301-505146_162-57494187/5-tips-for-using-retirement-calculators/.

A secure retirement is every worker's dream, but successful retirement planning is what makes that dream a reality.  

There are many tools and resources to help make the process a lot simpler and less daunting.

For instance, the U.S. Department of Labor, Employee Benefits Security Administration (EBSA) has a great online publication complete with interactive worksheets to help you with the process of retirement planning.

Taking the Mystery Out of Retirement Planning is available online and can also be requested in print.

We hope this resource is helpful!

Backyard with patio overlooking a lake.

As many retirees rely on a fixed income, the decision of where to retire can sometimes be tough. The golden ticket is finding a place that is not just affordable but enjoyable. Many retirees want a place that is alive with arts, culture, and community.

Luckily, AARP has done the research so you can get the most bang for your buck! Their listing of the “10 Best Places to Live on $100 a Day”:

 

  • Spokane, Washington
  • Las Cruces, New Mexico
  • Eau Claire, Wisconsin
  • Roanoke, Virginia
  • Morgantown, West Virginia
  • Pittsburgh, Pennsylvania
  • San Antonio, Texas
  • Omaha, Nebraska
  • Grand Junction, Colorado
  • Gainesville, Florida

 

Read AARP’s full article: http://www.aarp.org/home-family/livable-communities/info-07-2012/best-places-for-low-cost-retirement.html?intcmp=HPBB2C

According to a recent Prudential study, women are less confident about their retirement finances than their male counterparts. The study also highlighted the difference in level of confidence between women younger than 35 and those of the baby-boomer generation. It is believed that this confidence gap may reflect a gap of knowledge and experience.

An article from CBS Money Watch details the following tips women can take to boost their confidence about being prepared for the future.

1.       Go for retirement benefits

2.       Contribute to spousal IRA

3.       Inventory your retirement benefits

4.       Monitor and manage investments

Read the full article on CBSNews.com.

Two smiling women with beverages sitting at a patio table.

As seniors near retirement, many are choosing the increasingly popular living arrangement of home sharing to meet a variety of needs that come with old age.

What is home sharing? Home sharing is when a homeowner offers living accommodations to a home sharer in exchange for rent and/or household assistance.

Why are so many choosing home sharing? The homeowner gets money to help pay for rent, utilities, or other expenses while the home sharer is provided with affordable housing. Other benefits to home sharing for both parties include companionship, a sense of security, and mutual support.

There are many regional agencies that can help match homeowners with home sharers based on location, physical needs, and similar interests.

You can find more information about home sharing at:http://nationalsharedhousing.org/

PBGC Director Josh Gotbaum penned a letter to the editor of the Washington Examiner where he addressed retirement security and the desire of many Americans to keep both their jobs and their pensions.

Read the full letter to the editor.