Modern Retirement

Many older Americans are finding themselves looking to Social Security to provide money in a time of financial struggle.

Here are two key things you can do if you're still working or newly retired so you can make sure you don't run short of money in the future.  

While it's always impossible to predict what retirement will look like, here are a few educated guesses on how the pandemic may alter retirement for today's workers.

The COVID-19 crisis has caused a lot of people to change the way they think -- and spend their money. In fact, many people have had no choice but to hit pause on retirement plan contributions due to the pandemic.

Social Security cuts are looming if the program's finances aren't fixed in the coming years. Here are a few proposals to shore up Social Security and how they could affect you. 

As seniors suffer from isolation and loneliness, companies are creating VR trips to help them stay connected.

If your low 401(k) balance triggers anxiety every time you look at it, you may be able to count on income from some unexpected sources in retirement to help.

Half of Social Security recipients don't get to keep their benefits in full, according to a new survey. Here's why.

Those who expect Social Security to be their primary income source risk falling dangerously short. As the program faces its share of financial woes, those who expect to depend heavily on it may be in for a late-in-life shock.

The Department of Labor has made a rule that will default retirement statements to electronic delivery.

Despite the high unemployment rate and waived penalties for retirement plan withdrawals under the CARES Act, most people are not tapping their retirement savings.

The median savings balance among baby boomers is a mere $144,000. If you're a near-retiree who's sitting on something in that ballpark of savings, you may need to take some critical steps to compensate.

Delaying makes sense in some situations, but it's not right for everyone.

While there are many factors affecting retirement readiness, one of the big problems is that far too many people haven't put a solid plan in place.

If your retirement took a hit, try not to panic and continue to save.

An estimated 70% of adults aged 65 and older will encounter the long-term care expense at some point in their lifetime- an expense that tends to take seniors off-guard.

You may not want to bank too heavily on plans to claim Social Security at 70 for one big reason: You may not get that option.

A majority of people expect their retirement plans to be affected by the crisis.

If your company has temporarily done away with 401(k) matching, here is what you can do to prevent the loss from completely derailing your plans for your future.

Retirees can do these eight part-time jobs from their homes during the coronavirus.