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From MarketWatch Retirement:
Should there be age limits for drivers? Dick Van Dyke’s car crash in Malibu raises questions. AAA warns that “seniors are outliving their ability to drive safely by an average of 7-10 years.” As a result, AAA says, “we must plan for our ‘driving retirement’ just as we plan for our financial retirement.”
The debt ceiling is a problem for Social Security beneficiaries — but the trustees probably won’t mention it. When the Social Security Administration releases its annual analysis of both the Social Security and Medicare programs, they likely won’t mention the debt ceiling and a potential crisis looming over beneficiaries’ heads.
How to invest your IRA contribution: 3 strategies to fit your mind-set in a turbulent market. Millions of IRA dollars will hit a volatile market by the tax filing deadline, so it’s time to make your plan.
Also on MarketWatch:
Why I abandoned my 529 college savings plan and switched to Series I bonds instead
Democrats say Americans could lose $20,000 in potential retirement savings on ‘Republican debt crisis’
‘Small steps absolutely matter.’ Lack of emergency savings puts retirement at risk.
It’s not just boomers vs. millennials, workplaces span Gen Z to the Silent Generation
‘Trapped in the gap:’ Many middle-income seniors earn too much for affordable housing, but not enough to pay market rates
We have ‘substantial’ pensions and very little debt — how much do I need in a ‘rainy day fund’?
More in retirement news:
Why French workers are fighting to retire at 62 (Washington Post)
New retirement age or higher taxes? The Social Security reform debate could go a few ways (USAToday)
Millennial generation despairs of being able to afford to retire (Guardian)
Laid Off at Age 60? Here’s How to Handle Retirement Savings (USNews)
3 Reasons to Delay Retirement — Even If You Can Pull Off an Earlier One (Motley Fool)
What Is A Retirement Coach? (Forbes Advisor)
Research and Insight:
US Workers’ Retirement Readiness Declines Amid Market Volatility (PlanAdviser)
Retirement Is Going to Change—But How? (PlanSponsor)
Emergency savings: A key addition to a company retirement plan (BenefitsPro)
Study Suggests That Early Retirement Can Cause Cognitive Decline (MyModernMet)
Household Retirement Readiness Drops to Fair From Good (PlanSponsor)
To share with your family, friends and clients:
Baby boomers want personal trainers that look like them
Federal roadblocks are keeping Medicare from covering cannabis: Here’s where things stand.
All in the family: Multigenerational living, once the norm for many Americans, is making a comeback
Rent doesn’t have to be a four-letter word for retirees. Here’s when some experts say renting can be a smart move.
How to get Social Security divorced spousal benefits, whether your ex is alive or dead
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