Allworth Advice: Why you should mix up your retirement accounts Steve Sprovach and Amy Wagner
Sharing retirement goals with your partner
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Question: Kelly in Cincinnati: I’m saving only in my 401(k) but my fiancé says I should be saving in other types of accounts too. But I like the 401(k)’s tax benefits, so I don’t see the point in saving elsewhere. What do you recommend doing?
A: First of all, you should be commended for saving in your 401(k), period. Only about 50% of U.S. households even have access to a 401(k) plan, according to the Stanford Center on Longevity, and not all of those people actually utilize the account. And yes, there are nice tax advantages to saving in a 401(k). But your fiancé makes a good point – you should consider diversifying your retirement accounts.
Itâs Time to Update Our Longevity Mindsets From:
MarketWatch Editor-in-Chief Jeremy Olshan recently reported that Laura Carstensen, Director of Stanfordâs Center on Longevity, âargued that we should abolish retirement and spread periods of work, education and sabbatical throughout our lives, abandoning the old school/work/retirement timeline.â (The Best New Ideas in Retirement , in Barronâs, May 26, 2019.)
Age Brilliantly agrees! A realistic look at how life has changed for so many people last century and is likely to change in this one, dictates that those of us who want to lead fulfilling lives throughout the journey to 100+ (i.e., âage brilliantlyâ) and/or enable our children to do so during the 21
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Vaccine Signups Cater to the Tech-Savvy, Leaving Out Many
Mary Christian, 71, spent hours on both her cellphone and iPad trying to arrange an appointment online for a COVID-19 vaccination through the Mississippi State Department of Health website and on its listed registration phone line. Older adults across the country who can’t easily navigate online technology are finding it difficult to sign up for appointments.
Rogelio V. Solis
The Associated Press
Like millions of older adults across the country, Allan Potter and his wife, Vicki, are eager to get the COVID-19 vaccine.
The Potters, who live in Stevens Point, Wisconsin, are prime candidates. They’re both 73. He suffers from a neuromuscular disorder. She has multiple myeloma. They hoped to sign up for the shots and get them quickly.
HILLSDALE - As websites and complex online tools are used to schedule COVID-19 vaccine appointments across the United States, many seniors, who are prioritized for early vaccinations, are uncomfortable and unfamiliar with the technology used.The systems are hard to navigate for many people, but they’re particularly inaccessible for older adults. Many people over the ages of 65 don t own a computer or have the ability to access the internet.Lois Struther, 82, of Hillsdale, believes she s
In seeking to lead longer and healthier lives, Americans should consider emulating the nation s Latino population, David Hayes-Bautista, a professor of medicine and director of the Center for the Study of Latino Health and Culture at the Geffen School of Medicine at UCLA, told participants at the conference.
Latinos in the United States enjoy longer life expectancies and lower death rates from heart disease, cancer and other causes than non-Hispanic whites, said Hayes-Bautista, citing data from the National Center for Health Statistics.
Hayes-Bautista, who s spent 40 years studying the health and culture of Latinos in the United States, said the group can be considered a model for longer, engaged lives. Latinos in the U.S. enjoy nearly 3 1/2 years of longer life expectancy 81.8 years than non-Hispanic whites, at 78.5 years, he said.