Warning: The Average Abandoned Retirement Account Loses 1.3% Annually to Administrative Fees
The typical abandoned retirement account loses approximately 1.3% of its value each year to administrative fees alone.
Category retirement
New Study Found That Women Who Retire at 62 Face an Average Lifetime Shortfall of $229,000
Women claiming Social Security at 62 face a $229,000 lifetime income penalty compared to delaying retirement, shaped by permanently reduced benefits and decades of compounded losses.
Retirement Community Costs in 2026…The Numbers Are Worse Than You Think
Retirement community costs in 2026 have reached a breaking point that threatens the financial security of millions of seniors.
She Paid a $250,000 Entry Fee to a Continuing Care Retirement Community That Closed Two Years Later
Yes, it happens. And when it does, residents can lose hundreds of thousands of dollars. Arlene Kohen, 89 years old, paid $945,000 to move into Harborside,...
Fact Check: Is Your Money Protected If a Continuing Care Retirement Community Goes Bankrupt?
If a continuing care retirement community (CCRC) goes bankrupt, your money is not automatically protected by federal insurance like bank deposits or...
New Study Found 23% of Continuing Care Retirement Communities Reported Financial Distress in 2024
A widely circulated claim suggests that 23% of continuing care retirement communities experienced financial distress in 2024, but this statistic requires...
Warning: Continuing Care Retirement Community Entry Fees Average $300,000 and Are Often Nonrefundable
Continuing Care Retirement Communities (CCRCs) are charging entry fees that average $300,000 or more, and the majority of these fees are nonrefundable or...
$3,500 Average Monthly Fee for Continuing Care Retirement Community Entry-Level Independent Living
The average monthly fee for entry-level independent living in a continuing care retirement community (CCRC) is approximately $3,500, though actual costs...
At Least 29% of Workers Over 55 Report They Plan to Work Past 70 Because They Cannot Afford to Retire
Yes, and the numbers are even more alarming than the headline suggests. At least 29% of workers over 55 report they plan to work past 70 because they...
Warning: 48% of Americans Approaching Retirement Have Less Than $100,000 Saved
Nearly half of all Americans who are within ten years of retirement age have accumulated less than $100,000 in savings, according to recent survey data.