In recent times, the economic turmoil caused by the Covid-19 pandemic has affected retirement plans for many Americans. And infection rates vary in different parts across the country, introducing new stressors and changing daily life. So given all that, what are the best places in America to retire? On Tuesday, U.S. News & World Report released its list of the best places in the United States to retire for 2020 and 2021. The top [...]

Just as taxes can be a major burden during your working years, they can also wreak havoc on your finances during retirement. And that's the last thing you want. If your goal is to pay less tax as a senior, you can accomplish it by doing these key things. 1. Keep your money in a Roth savings account It's important to save money for retirement so you have income to [...]

DES MOINES — National Retirement Security Month is nationally recognized in October to raise public awareness about the importance of saving for retirement. State Treasurer Michael Fitzgerald is using this opportunity to inform Iowans about the importance of planning for your future. “During this month, all Iowans should review their retirement savings goals, take necessary steps to build a retirement savings and ensure they are managing their funds in a [...]

Only 1 in 5 Americans ages 50 to 75 passed a recent retirement income literacy quiz from the American College of Financial Services. The college asked more than 1,500 retirees and people nearing retirement about topics like investing, medical care, and Social Security. Only a third of those surveyed consider themselves highly knowledgeable about retirement income planning. The overall average score was just 42%. More than half of respondents underestimated life expectancy, and only 32% [...]

Financial professionals may be missing opportunities to help clients understand key risks to their retirement security in these challenging times, according to a study by Allianz Life Insurance Co. These include longevity risk, behavioral risk, market risk and inflation risk.

When many people think about retirement, they primarily think about the lifestyle they look forward to leading. But to be truly prepared, it’s vital to be aware of the “unexpected” expenses of retirement.  Below, eight professionals from Forbes Finance Council share expenses those planning for their retirements need to anticipate, as well as tips for preparing to meet them.