May 6, 2021

retirees

Retirees are overly optimistic about their financial future

The Employee Benefit Research Institute (EBRI) Retirement Confidence Survey, the nonpartisan group’s 31st annual report, is hot off the presses. And once again, the findings are clear. Americans love a good pair of rose-colored glasses.

“Workers envision a transition to retirement that is misaligned with retirees’ realities,” according to the researchers.

Read: Not sure where to live in retirement? Try our tool, your ideal place may surprise you

Nearly half of retirees retire earlier than they expected —most often because they felt they could afford to, because of a health problem or disability, or because of changes

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Stimulus package: All the new tax breaks parents and retirees could get

Under the current stimulus proposal, families with children and older adults may be eligible for tax breaks that could bring in thousands more dollars.


Sarah Tew/CNET

Last week, the Senate approved the nearly $2 trillion COVID-19 stimulus bill, which will now make its way back to the House before getting signed into law. If the most recent version of the bill stands, it could bring your family far more money than the past two COVID-19 relief bills have — beyond just a third stimulus check. The American Rescue Plan Act of 2021 does include a third stimulus check

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More than stimulus checks: All the tax breaks parents and retirees should know

Under the current stimulus proposal, families with children and older adults may be eligible for tax breaks that could bring in thousands more dollars.


Sarah Tew/CNET

If the nearly $2 trillion COVID-19 relief bill currently working its way through the Senate becomes law, it could bring your family far more money than past bills have — and not just in the form of a third stimulus check. The American Rescue Plan Act of 2021 does include a third stimulus check of up to $1,400 per person, but it also expands the Child Tax Credit and provides funding for affordable

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How Retirees Can Say ‘No’ When Adult Children Ask for Financial Help

In a recent column, you talked about the possible pitfalls in retirement of giving financial help to adult children and family members. My question: How do you say “no”? I think refusing a request is difficult for most parents.

It is. And I’m a case in point.

In recent years, my wife and I have helped several family members with financial problems. In most instances, we were happy to step up. It feels good, obviously, to help someone you love. And, as we get older, it’s nice to know that we’re still needed. Even if that need involves cash.

But

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Beyond stimulus checks: All the tax breaks parents and retirees should know

Under the current stimulus proposal, families with children and older adults may be eligible for tax breaks that could bring in thousands more dollars.


Sarah Tew/CNET

The $1.9 trillion COVID-19 relief billcurrently in the hands of the Senate — contains several provisions that could bring your family more money this time. Not only does the American Rescue Plan Act of 2021 include a third stimulus check of up to $1,400 per person, but the package also expands the Child Tax Credit — although this could be amended — and funds affordable early child care, aging and

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Beyond stimulus checks: All the tax breaks parents and retirees should know about

Under the current stimulus proposal, families with children and older adults may be eligible for new tax breaks that could bring in thousands more dollars.


Sarah Tew/CNET

Whether or not you meet the requirements for the third stimulus check for up to $1,400 apiece, you and your family could still benefit in other significant ways if Congress approves the $1.9 trillion relief bill that is now with the Senate. (Here’s the third stimulus check timeline so far.)

The stimulus proposal, called the American Rescue Plan Act of 2021 (PDF), would expand the Child Tax Credit, support affordable

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