Retirees are not reaching the retirement income replacement rate

Retirees are not reaching the retirement income replacement rate

Mstudioimages | E+ | Getty Images To maintain your standard of living in retirement, the general rule is that you must be able to replace at least 70% of the income you had while you were working. But many retirees are not meeting that retirement income goal, according to research by Goldman Sachs Asset Management. … Read more

Strikes in France: Workers pull out in mass protests against plans to raise retirement age

Strikes in France: Workers pull out in mass protests against plans to raise retirement age

Paris/London CNN — Strikes disrupted rail services, flights, schools and businesses in France on Thursday as more than a million people protested government plans to raise the retirement age for most workers. Demonstrations in major French cities, including Paris, Marseille, Toulouse, Nantes and Nice, have brought many stationary transport services. The Eiffel Tower was closed … Read more

Even with lower used car prices, buyers are paying $7.1,000 above ‘normal’

Even with lower used car prices, buyers are paying .1,000 above ‘normal’

Photostorm | E+ | Getty Images There is still some way to go before used car prices come down to earth. While prices were 8.8% lower in December than a year earlier, consumers are still paying more for used cars than they would if typical depreciation expectations were in play, according to the CoPilot car-buying … Read more

Secure 2.0 allows retirees to delay RMDs. That doesn’t mean they should.

Secure 2.0 allows retirees to delay RMDs.  That doesn’t mean they should.

Text size It’s worth doing the math to determine if taking RMDs earlier can lighten your tax bill. The time of dreams The Secure 2.0 law gives savers aged 72 and under an extra year before having to withdraw money from their retirement accounts. But just because you can defer your required minimum distribution (RMD) … Read more