Women are saving more for retirement even as they’re suffering from the pandemic: Women have been disproportionately more affected by the effects of COVID-19 than men because of caregiving responsibilities and job loss, yet one new analysis finds they’re saving more in their retirement accounts.
Larry King had a secret will that excluded his wife — estate planning gets messy: Two months after filing for divorce, the late night talk show host handwrote a will that would have divided his estate equally among his five children. His wife, with whom the divorce had not been finalized, is contesting that document in court now.
Older workers are suffering more — but all is not lost: Older workers are facing the lowest labor-force participation during the pandemic, and finding a job is often more difficult for older applicants than their younger counterparts. Still, there are ways to combat these statistics — including seeking remote opportunities, networking and shifting perspective.
Also on MarketWatch:
How these entrepreneurs launched profitable home businesses in the pandemic
9 things you can do to remain independent as you age
We owe it to our grandchildren: 2 ways to make a difference
Sitting on a 100% fund? Watch out, says strategist
Baby boomers face financial distress and age discrimination
Why does social media make it so hard to stay sober?
Retirement income security for everyone (RISE) raises many questions
More in retirement news:
Early retirement offer to Massachusetts teachers wins legislative sponsors (Masslive.com)
Tim Tebow is retiring from baseball (New York Post)
Getting ready to retire? Then you need to know your required minimum distribution (MyFox8)
Some retirement communities lure new residents with promise of COVID-19 vaccines (NBC News)
Serena Williams cries over retirement talk after Australian Open loss, crowd wave (INSIDER)
Research and Insight:
Just 43% of workers aware of tax credit for retirement savers (Insurance News Net)
American workplace retirement savings accounts hit new records (Bloomberg)
5 Strategies for tax planning now in retirement (Kiplinger)
International retirement, savings plan grow in popularity (Pensions & Investments)
Big picture helps with retirement finances (Center for Retirement Research at Boston College)
To share with your family, friends and clients:
A Roman goddess inspired this couple to leave Seattle and retire to Italy, where you can live on $3,000 a month
Should I do an online will? Avoid these pitfalls
I’ll have $10,000 a month to spend and prefer a city with beautiful outdoors, warm weather and lots of culture — so where should I retire?
These retirees left their pricey life in Santa Cruz, Calif. — and now live on a lake in Mexico on $1,750 a month
I’m looking for a cannabis-friendly red-leaning state with no state income taxes — where should I retire on $60,000 a year?
Want to retire rich? Have a small wedding and invest the rest