Pensions and retirement news covering 401(k), Social Security, public pensions, retirement savings policy, and defined benefit plans.
This commentary argues that retiring at 62 instead of 67 significantly reduces lifetime income and accelerates cognitive decline, challenging the conventional wisdom that early retirement is beneficial. It contends that the retirement age of 65 is an outdated historical artifact and that delaying Social Security is the highest-return financial decision for most Americans.
The Congressional Research Service warns that about 3 million Americans born in 1953 face penalties for failing to take Required Minimum Distributions from retirement accounts starting in 2026. Those turning 73 must take their first RMD by April 1, 2027, and a second by December 31, 2027, potentially triggering two taxable distributions in one year.
This commentary explains the UK's automatic enrolment pension system, arguing that many workers may be saving for retirement without realizing it. It provides guidance on checking wage slips and emphasizes the benefits of employer contributions and early saving, particularly for women.
This commentary argues that longer lifespans require more deliberate retirement planning, focusing on controllable factors like delaying Social Security and maintaining health. It suggests that traditional rules of thumb may need updating and that products like annuities are gaining acceptance to manage longevity risk.
This commentary examines Caleb Hammer's claim on the Joe Rogan podcast that US baby boomers who saved 5-10% of their salary in the S&P 500 since 1990 would have $2-5 million. The article argues that actual calculations using average wages and S&P 500 returns yield about $550,000 to $1.1 million, suggesting the claim is exaggerated.
This commentary argues that common retirement savings targets, such as $1 million, are too high for most Americans. It cites surveys showing that typical retirees have modest savings yet report financial comfort, suggesting the retirement crisis narrative is overblown.
This commentary argues that scammers deliberately target retirees during the six-week period from Memorial Day to the Fourth of July, exploiting disrupted routines and increased travel. It contends that this timing is not coincidental, providing scammers with opportunities for fake rentals, grandparent scams, and public Wi-Fi traps, and offers advice on how retirees can protect themselves.
This commentary examines the conflicting advice from personal finance experts Dave Ramsey and Fidelity regarding whether to prioritize debt repayment or retirement savings. It argues that the best approach depends on individual circumstances, such as interest rates and employer matching, and suggests a balanced strategy rather than a one-size-fits-all rule.
Fidelity Investments reported record 401(k) and 403(b) savings rates and record-high IRA contributions, up 29% year-over-year, in Q1 2026. Average 401(k) balances rose 11%, and employer contributions hit a record $2,080 per quarter.
This commentary analyzes a couple's retirement planning, arguing that with strategic savings and drawdown, they can retire in five years and deplete assets by end of life. It suggests prioritizing TFSA contributions and managing pension income, offering a case study for Canadians with overseas pensions.