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Sep 3, 2015

Why planning to work in retirement is a risky business

CHICAGO, Sept 3 (Reuters) – Planning to work longer to
bolster your retirement finances?

It can make a big difference, but it is tough to pull off.
Half of all retirees leave the workforce earlier than planned
due to a health problem or job loss.

Aug 27, 2015

Young workers in target-date funds hit hard by market drop

By Mark Miller

CHICAGO(Reuters) – As the stock market has whipsawed over the past two weeks, young workers who have all their retirement funds tied up in long-range target-date funds may have been the hardest hit.

The average 25-year-old fully invested in a 2060 target-date fund series saw a 10 percent decline in account value from the market’s recent peak on July 17 through Monday’s close, according to Morningstar – close to the 10.96 percent decline of the S&P 500 over that period.

Aug 20, 2015

Seniors gear up for the sharing economy

CHICAGO, Aug 20 (Reuters) – Five dollars may not sound like
much pay for doing a job, but do not tell that to Brooke Folk.

At age 67, Folk spends up to 30 hours a week on projects
generated through (, a
shared-economy website that requires all its vendors to offer
something to customers for just $5 and takes a 20 percent
commission on earnings.

Aug 13, 2015

Big changes ahead for small-business retirement plans

CHICAGO, Aug 13 (Reuters) – If you work for a small business
that doesn’t have a retirement plan, help is on the way.

Roughly half of the U.S. states are working to create
government-sponsored automatic individual retirement account
(IRA) plans that would enroll workers without access to
employer-sponsored retirement plans.

Aug 6, 2015

Bad news on cost of living raises for Social Security

CHICAGO, August 6 (Reuters) – Retirees are facing a double whammy next year: no inflation adjustment in their Social Security benefits and a whopping 52 percent jump in certain Medicare premiums.

The Medicare premium hikes will hit only 30 percent of beneficiaries: those who are not protected from a “hold-harmless” provision in federal law that prohibits any premium hike that produces a net reduction in Social Security benefits. But the increases suggest strongly that the recent trend of moderate healthcare inflation is ending.

Jul 30, 2015

Medicare is part of the solution, not the problem

CHICAGO, July 30 (Reuters) – Medicare turns 50 on Thursday,
riding high in the polls but under attack from presidential
candidates proposing benefit cuts or even phasing out the U.S.
healthcare program for older people.

When President Lyndon Johnson signed the law, half of
Americans age 65 or older had no health insurance. Today, just 2
percent go uncovered.

Jul 16, 2015

Add bite to your retirement dental plan

CHICAGO (Reuters) – If you plan to retire soon, add this item to your to-do list: a visit to the dentist before your dental insurance disappears.

Retirees transitioning to Medicare are often surprised to learn that the program does not cover routine dental care or more complex procedures.

Jul 9, 2015

What is missing from the White House Conference on Aging

CHICAGO, July 9 (Reuters) – When presidents call Americans
together to talk about aging, major change is possible. The
first White House Conference on Aging in 1961 played a midwife’s
role in the birth of Medicare; the 1971 conference led to
creation of the automatic cost-of-living adjustment for Social
Security, which has been in place since 1975.

This year’s conference, set for Monday, July 13, could have
similar impact in a country facing the challenges of a rapidly
aging population.

Jun 26, 2015

Gay marriage’s big benefit is Social Security

CHICAGO, June 26 (Reuters) – Friday’s U.S. Supreme Court
ruling on same-sex marriage will give a huge boost to the
retirement security of LGBT Americans. That will be especially
true in the realm of Social Security – where it pays to be

The ruling will affect everything from access to spousal
pension and retirement accounts, health benefits and more. But
Social Security really is the headliner. Recognition of same-sex
marriage in all 50 states will guarantee access to Social
Security’s spousal and survivor benefits, which are the most
valuable features of the program.

Jun 25, 2015

New annuity options to plan around life’s biggest unknown

CHICAGO (Reuters) – How much money you will need to save to enjoy a secure retirement depends on the ultimate unknowable: How long will you live?

   The possibility of running short is called longevity risk, and the Obama administration last year established rules to foster a new type of annuity, the Qualified Longevity Annuity Contract, that would provide a steady monthly payment until you die.

    • About Mark

      "Mark Miller is a journalist and author who writes about trends in retirement and aging. He has a special focus on how the baby boomer generation is revising its approach to careers, money and lifestyle after age 50. Mark is the author of The Hard Times Guide to Retirement Security: Practical Strategies for Money, Work and Living (John Wiley & Sons/Bloomberg Press, 2010) and edits Mark is the former editor of Crain’s Chicago Business, and former Sunday editor of the Chicago Sun-Times. The opinions expressed here are his own."
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