By Kirk Larson
Social Security Washington Public Affairs Specialist
Every birthday deserves celebration, but some seem a little more special than others. Think of a baby’s first birthday. Sweet 16. The “Big 4-0.” Then, before you know it, along comes 65. This last milestone is especially important to retirees.
By Jonathan V. Bever
This February we have seen the return of volatility in the stock markets. Believe it or not shorting the VIX or shorting volatility has been a popular trade for a few years. Anyone with long term investment experience knows that sooner or later market fluctuations will begin again; this February it certainly has.
Any protection strategy that focuses only on insurance can leave you and your family vulnerable to the threat of legal system which doesn’t necessarily share your objectives.
A new survey by PNC Financial Services Group discovered members of Generation X are working harder to avert a retirement crisis. Meanwhile, many baby boomers in their 50s and 60s are falling behind. Although it’s not a competition to see who retires with the most cash, it is important to get motivated so you don’t outlive your retirement money.
Actuarial data shows women live longer than men, but many women lag behind in retirement savings. Astute retirement planning gives modern women the edge whether they are single, married, work outside the home or manage a household. According to an article by cnbc.com, women in the United States save less money for retirement compared to their male peers.
When it comes to most retirement accounts, employed people exclusively qualify to make contributions. For married people who are not currently employed, the best option for retirement planning is a spousal IRA. According to an article by Market Watch, the official name of the spousal IRA is the Kay Bailey Hutchison IRA, but most people continue to call it a spousal IRA for short.