Retiree finances

FILE - In this Nov. 14, 2018, file photo people walk through lower Manhattan's Zuccotti Park at the start of a work day in New York.A new study finds that only 4% of retirees start claiming their Social Security benefits at the most financially optimal time. And current retirees collectively will lose $3.4 trillion in potential income to fund their retirement because they started drawing benefits at a less than ideal time. That’s roughly $111,000 per household, according to the research from United Income, an online investment management and financial planning firm. (AP Photo/Wong Maye-E, File)
June 28, 2019 - 12:05 am
It's tough to decide when to start taking Social Security benefits and it appears many people are shorting themselves with their choice. A new study finds that only 4% of retirees start claiming their Social Security benefits at the most financially optimal time. And current retirees collectively...
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A set of motorbikes are set alight during a yellow vest demonstration in Paris, Saturday, April 20, 2019. French yellow vest protesters are marching anew to remind the government that rebuilding the fire-ravaged Notre Dame Cathedral isn't the only problem the nation needs to solve. (AP Photo/Francisco Seco)
April 20, 2019 - 10:38 am
PARIS (AP) — French yellow vest protesters set fires along a march route through Paris on Saturday to drive home their message to a government they see as out of touch with the problems of the poor: that rebuilding the fire-ravaged Notre Dame Cathedral isn't the only problem France needs to solve...
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FILE - In this May 8, 2018, file photo, Illinois Gov. Bruce Rauner, center, addresses reporters outside his state Capitol office in Springfield, Ill. For years, Rauner has been ubiquitous on all things related to the Illinois budget. Not this year. Lawmakers whisked through a $38.5 billion spending plan this week with barely a mention of the Republican governor's name. Gone were the demands for business-friendly structural changes in exchange for budget which forced a historic stalemate for his first 2 and a half years in office. (AP Photo/John O'Connor File)
June 01, 2018 - 11:52 pm
CHICAGO (AP) — Illinois' new state budget relies on more than $400 million in savings from a new pension buyout plan that finance experts caution is highly speculative and may not save as much money as lawmakers say. The budget sailed through the Legislature this week on a bipartisan vote, and...
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May 24, 2018 - 7:07 pm
CHERRY HILL, N.J. (AP) — Many pension funds for public workers already owe far more in retirement benefits than they have in the bank, and the problem will only grow worse if the economy slows down, according to a report released Thursday. The study from The Pew Charitable Trusts found that the New...
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April 12, 2018 - 10:37 am
CHERRY HILL, N.J. (AP) — A public employee pension crisis for state governments has deepened to a record level even after nearly nine years of economic recovery for the nation, according to a study released Thursday, leaving many states especially vulnerable if the economy hits a downturn. The...
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FILE - This April 2017 file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
February 23, 2018 - 7:55 am
Medicare provides basic health care to one out of six Americans, most of them 65 and older. Even people decades away from retirement, though, should be concerned about Congress meddling with the program. Lawmakers understand that cutting current retirees' benefits is a political nonstarter. Older...
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