The State of Your Retirement: 5 Articles that tell it like it is

It’s not always easy to hear, but the truth is that many of us are further from retirement than we think. Whether it’s because Social Security is not so secure, or because your employer fails to provide the best possible 401(k) investments, you may just need to tweak your plan in order to live your retirement dream. Enjoy these good reads on the state of your retirement. 

- Eric

Planning for long term health care costs

“A decade ago, the conventional advice was to spring for unlimited lifetime coverage. That option has become so expensive and so unpredictable for insurers that some have dropped it altogether. Instead, for most people, it is best to choose a “short and fat” policy, with fewer years’ coverage and a larger daily benefit. Most people buy three years’ coverage, as the average nursing-home stay lasts about that long—though that could follow years of other care.”
More from “Don’t Grow Old Without It” in the Wall Street Journal >>

Just one more thing “Old Married Couples” fight about: when to retire?

“The odds are your spouse won’t feel the same way you do about when to retire. A recent study by Fidelity Investments found that well over half of couples—62%—disagree on the timing of their respective retirements.”
More from “He Wants to Retire…but She Doesn’t” in the Wall Street Journal >>

Is it your nature to squander your retirement?

“Managing your 401(k) is not easy to begin with. Human nature doesn’t make the task any easier.”
More from “Is Human Nature Hurting Your 401(k)?” in US News >>

Because it’s not hard enough to save, Congress keeps changing the rules

“At the very least, the increasing focus on retirement savings is a reminder that tax treatment of the accounts, once considered permanent, is anything but. Here’s what you need to know about lawmakers’ eyeing your nest egg.”
More from Congress Eyes 401(k)s Again in the Wall Street Journal >>

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About thebenefitblog

Eric is a Vice President at Lockton Insurance Brokers, Inc. He joined Lockton in 2005 specializing in Health and Welfare Benefits, Qualified & Non-Qualified Retirement Plans and Life Insurance for Business Planning. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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