How High Can the Retirement Age Go?
How high can or should the retirement age go, and should it be tied to increases in life expectancy? What will changes in retirement patterns mean for the United States, compared with Western Europe?
AARP The Magazine Contest Winners
 | | Diane Blackwelder provided a financial plan for AARP The Magazine's Money Makeover contest winners, Peter and Carolyn Waters. Watch the video and read the full story at AARP Magazine online. |
Social Security and Medicare
You may have heard in the news recently that the unemployment caused by the recession is draining the funds of both Social Security and Medicare. Less people employed means less withholding being paid into the funds. The fact that these government programs may become insolvent highlights the need for retirement planning at every age in life. The New York Times has a good article detailing the troubles of Social Security and Medicare: http://www.nytimes.com/2009/05/13/us/politics/13health.html?_r=1&scp=2&sq=Social%20Security&st=cseWill you be able to retire?
In an article titled "Elderly Emerge as a New Class Of Workers" from today's Wall Street Journal, Clare Ansberry outlines how high health care costs, lack of adequate retirement planning, and low social security payments mean many are forced to work well beyond age 65. At Charleston Financial Advisors, we work with you to decrease the chance that something like this will happen to you. Through a comprehensive plan, we examine all risk areas. These include the risk of being "under-insured" for major health issues and assessing the risk that you will out-live your retirement savings. One of the results of the plan is strategy and action plan that prepares you for a comfortable retirement.