Retirement Crisis: Are We There Yet?

A flurry of studies out in recent days reveal a dramatic split between pre-retirees (nervous, not planning enough, eager for help from their employers) and the retired (things are fabulous for us, mostly).

“It’s a story of two retirements,” said Marcy Keckler, vice president of financial advice strategy at Ameriprise, whose firm released the research report Pay Yourself in Retirement: How Retirees and Pre-Retirees Plan Their Retirement Income, based on its poll of 1,300 Americans between age 55 and 75 with at least $100,000 of investable assets.

Continue reading source article here. 

Damian J. Sylvia

Retirement Income Solutions

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Oakhurst, NJ 07755

4 ways to outlive your retirement savings

If you can work longer, for many people that will be a more palatable solution than saving a crazy percentage of your salary," Webb said.

Working longer also allows you to wait to claim Social Security retirement benefits.

Typically, the longer you wait to claim benefits, the bigger your monthly payments will be, up until age 70. Those who claim benefits at age 70 get a whopping 76 percent more per month than they would if they began drawing benefits at age 62, according to the book "Falling Short: The Coming Retirement Crisis and What to Do About It."

Continue reading the source article at CNBC.com. 

Damian Sylvia

Managing Partner

Retirement Income Solutions