By Sharon Wagner

As you approach retirement age, you’re crunching the numbers and realizing you’ll be living less comfortably than you hoped in retirement. Are you doomed to pinch pennies through your golden years, or is it possible to boost your retirement income without spending another decade in the office?

If your 401(k) isn’t enough for the retirement lifestyle you’ve been looking forward to, use these strategies to grow your retirement income and put more money…

3 Misconceptions About 401(k) Fees

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

If you have a 401(k), 403(b) or 457 plan, you may be losing money to overpriced investments and hidden costs. The good news? If you understand the fees you’re paying, you may be able to lower them.

If you haven’t looked closely at the details of your plan lately, now is a good time for a checkup.

Here are…

What Is a Retirement Annuity?

From: money.usnews.com

An annuity is an insurance product that offers guaranteed income. In its simplest form, an annuity involves setting aside a certain amount of money and then receiving regular payments over a designated time period. This might consist of ongoing paychecks that are guaranteed for your lifetime or for the next 10 or 20 years.

There are…

Social Security’s Funding Crisis Has Arrived

From: www.fa-mag.com

The Social Security Trust Fund has done quite well in recent years, due to the postwar babies’ surge into the labor force in the last decades of the 20th century while retirees from the low-birth rate Great Depression years were drawing relatively few benefits. The combination of these two forces pushed the Social Security Trust Fund balance from about zero in 1980…

Annuities Have Long Gotten a Bad Rap. Retirement Experts Now Say Savers Should Consider Basic Options for Guaranteed Income

From: www.barrons.com

Financial planners long have counseled retirement savers to keep a blend of bonds and stocks in their portfolios. The bonds kick off income and the stocks provide growth.

That advice now looks in need of a refresh. Bond yields have been bumping around historical lows for around a decade. And…

Will Your Social Security Retirement Income Be Enough?

From: www.forbes.com

As more and more Americans are looking ahead to retirement, for some, the reality of not having enough income to pay the bills may be setting in. Even with income benefits from Social Security, many retirees are finding that it is necessary to return to a job or cut back on their living expenses. But, this may not be the…

Social Security Combined Trust Funds Projection Unchanged

From: 401kspecialistmag.com

Projections in the Board of Trustees’ just-released 2020 report to Congress do not reflect the potential effects of the COVID-19 pandemic, which is exacerbating previously forecasted shortfalls

The Social Security Board of Trustees on Wednesday released its annual report on the long-term financial status of the Social Security Trust Funds, and did not change projections from last year…

If you’re still someone waiting and wondering about the status of your Stimulus Check, we are here to help you understand it all.

The following information will focus on what you need to know about the stimulus checks the government will be sending out in the weeks to come.

Who is Getting Stimulus Checks?

In Mid April, the IRS started sending out stimulus checks to all American taxpayers who fall within the stimulus check guidelines. What people…

Congress Suspends Required Minimum Distributions For 401(k)s And IRAs For 2020, Opening Window To Tax Savings

From: www.forbes.com

The bipartisan COVID-19 stimulus bill just signed by President Trump includes welcome tax relief for retirees: The required minimum distribution rules for Individual Retirement Accounts and 401(k)s are waived for 2020. That means that instead of taking money out this year, retirees can keep their investments…

The Fragility of Retirement in the Coronavirus Era

A webinar presented by Patrick Brewer

Patrick is the founder of America’s Retirement Forum, a nationwide educational non-profit dedicated to helping pre-retirees plan for a successful retirement. Before founding America’s Retirement Forum, Patrick was the co-founder of SurePath Wealth Management, a financial advisory firm headquartered in Austin, TX. Patrick received a B.S. from the University of Delaware. He is a CFA® charterholder and a CPA.

If you…