What Medicare Doesn’t Cover and Why It Matters to You (Even If You’re Younger)

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What Medicare Doesn't Cover - Financial EnginesMany people think that Medicare is the Holy Grail: once you hit 65, your healthcare is finally a piece of cake. You’re covered for everything and you can go about your business – no longer having to worry about insurance, premiums, etc. Right? Wrong. Continue reading

Are You Helping Your Parents Navigate Social Security? We Can Help

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Helping Your Parents Navigate Social Security - Financial EnginesThe “Sandwich Generation” is a tidy name for those caught between their growing children and their aging parents. But it’s more than a generation. Let’s face it: at some time in our lives, we are all likely to be a member of this group. Just as we get the kids on track – well, at Continue reading

Will Social Security Be There For Gen X? Is that You? Pay Attention.

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generation-x-social-securitySeems like just yesterday when the world was talking about the (then new) Generation X — that group of Americans between the ages of the early 1960s and the early 1980s. Today, they are in their 40s and 50s and it’s possible some can see retirement on the road ahead. Or can they? Continue reading

Four Important Things Women Need to Know About Social Security

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Kelly O'DonnellIn 2012, Kelly O’Donnell, Executive Vice President of Marketing at Financial Engines, testified on Capitol Hill before the Senate Committee on Aging about the challenges women face when they retire. Specifically, she spoke with them about the importance of Continue reading

Try Our New Social Security Planner Featured in the Wall Street Journal!

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WSJ-Image.PlannerFinancial Engines’ new Social Security planner is included in a recent Wall Street Journal round-up of Social Security planners available at no charge. We’re proud to be one of the top-ranked offerings, earning four out of five stars!

Come try our Social Security planner to see if we can find you more Social Security benefits. It can help you determine your different options for taking Social Security and it includes help for your partner as well. We may help you find thousands more in unexpected benefits. Give it a try.

See What’s Not Covered By Medicare and Then Plan Accordingly [video]

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Today’s blog is the fifth of five posts featuring videos on how you can prepare for retirement. If you are a Financial Engines customer (find out here), we can help you create your personal plan. If you don’t have access to Financial Engines as an employee benefit, you can still use our Social Security Planner to learn how to get more from Social Security.

Staying healthy is an important part of a great retirement. While many people know they will transition to Medicare when the time comes, not many know is how it all really works. You won’t be notified when it’s time to enroll and there are many expenses Medicare doesn’t cover. You’ll want to understand supplemental (?) insurance and then know what you’ll need to pay for out of your own savings.

Take a minute and watch this short video for some key points about Medicare and what you’ll want to do to prepare before you retire.

Financial Engines Market Watch Q2: A Steady Climb

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Chris Jones, Financial EnginesWith a steadily improving job market, U.S. equities posted another solid quarter with the S&P 500 index of large cap stocks gaining 5.2% in Q2. The S&P 500 repeatedly set new all-time high records during the month of June. So far, for the first half of the year, the S&P 500 is up 7.1%. Stocks in the S&P Small Cap 600 index also did well, though failed to meet the performance of larger companies. Small cap stocks gained 2.1% for the quarter.

Overseas, foreign equities also had a strong quarter. The MSCI Europe, Australasia, and Far East (EAFE) index gained Continue reading

Watch and Learn Why Your Pension Needs Attention Before You Retire [video]

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Today’s blog is the fourth of five posts featuring videos on how you can prepare for retirement. If you are a Financial Engines customer (find out here), we can help you create your personal plan. If you don’t have access to Financial Engines as an employee benefit, you can still use our Social Security Planner to learn how to get more from Social Security.

As you begin planning your retirement, it’s important to understand how your money will come together to create your income in retirement. Having a pension can be very helpful but there are questions you’ll want to ask before you take your pension to make sure you make the best choices for your individual situation. If you choose to take your pension as a lump sum, making sure you invest it wisely – in a way that helps your money last a lifetime – can make a huge difference to your life in retirement.

Watch this video for a brief summary of the opportunities you have with your pension and what to consider once you receive the money.

Our Video Explains How Savings Becomes Income in Retirement [video]

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Today’s blog is the third of five posts featuring videos that focus on how you can prepare for retirement. If you are a Financial Engines customer (find out here), we can help you create your personal plan. If you don’t have access to Financial Engines as an employee benefit, you can still use our Social Security Planner [look for the "Try It Out" button halfway down] to learn how to get more from Social Security.

While it may be difficult to picture your retirement today, one thing is for sure: your savings will be important in your transition away from work. While most people think of savings as their rainy day account, we’re talking about the money you have been saving in your 401(k), IRAs and bank accounts. When you retire, that money will become important sources of income that can help you delay Social Security (if you so choose). If you have saved enough, it can also help you afford the things you want to do when you are retired.

The first step is managing your money today. Watch this video to see why savings is so important and how it transitions to income as you stop working.

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