This age could be the new benchmark for retirement

KEY POINTSA recent survey shows the typical retirement age in the U.S. and around the world is moving up. The traditional retirement age — 65 — is giving way to a new benchmark — 67. A majority of U.S. workers — 54% — plan to stop working at some point after 65, or...

What FICO score changes could mean for retirees

There are ways to prevent the FICO 10 system from lowering your credit score Fair Isaac, FICO, -1.17% the giant credit score company, recently announced the biggest change since 2014 in how it determines its FICO credit scores. This new FICO 10 system — expected to go...

The Only Insurance Policies You Need After Retirement

RETIREMENT IS WHEN everything changes. Seniors may end up with new schedules, new hobbies and even new homes. In the midst of all these exciting changes, don’t overlook the mundane: your insurance coverage. With a new season of life at hand, old policies may no...

What to do if your parents need a bailout

How to spot warning signs of financial problems Often, adult children need some money from their parents. But what do you do when your parents need financial help? You won’t be alone. According to a 2019 study by the Transamerica Center for Retirement Studies, 8% of...