Given the various ways in which retirement resources might be taxed, it is important to consider that the potential tax liability could account for a significant share of retirement assets, according to a new study. In fact, households in the aggregate will have to pay about 6% of their income in federal and state income taxes, but this liability can rise significantly for those in the top quintile of the [...]

For the last decade, Mark Gluck has been running brain health education programs at churches and senior centers in the Newark, N.J., area. Often, they focus on how exercise and memory are linked.He likes the people and the work. It is not only his passion, but also his profession. He is a Rutgers professor of neuroscience and public health and director of the Aging and Brain Health Alliance at Rutgers [...]

Even if you've already started saving for retirement, you might not know exactly what it takes to get there. And you're not alone. According to new data, there's a lot Americans don't know about retirement planning. Fidelity Investments surveyed over 1,200 American adults who had not yet retired but had at least one retirement account. The survey tested knowledge about retirement planning and saving, and found that Americans had some big blind [...]

(NAPSI)—The 55-plus crowd is more active than ever, continuing to stay in the workforce longer, growing in numbers—to the tune of 73 million and counting—and exerting an even greater economic impact. In fact, 55+ers are responsible for over half of U.S. consumer spending, according to AARP, contributing to the huge upsurge in online spending during the pandemic. If you are one of these lucky ones—as in 55 or older—you may [...]

Many people want to remain in their homes after they retire rather than move to a senior living facility or community. Unfortunately, most homes aren’t set up to help us age safely and affordably. If your goal is to “age in place,” some early preparation could help make that possible — or point to better alternatives. “Somewhere in your 50s, hopefully, you’re starting to think seriously about are you going [...]

As a general rule, it's a good idea to close out your career with about 10 times your ending salary socked away in an IRA or 401(k) plan. This means that if you're in your 60s earning $80,000 a year, you'd want about $800,000 in your nest egg before you retire. But what if you're nowhere close? It could be that a series of surprise expenses got in the way [...]