Retirement
According to the Retirement Preparedness Measure (RPM) more than half of Americans need to take action with smart money moves if they are going to reach their retirement savings goals. While the average RPM is 74%, a shocking 41% of Americans have an RPM of 65 or lower. This places them squarely in the “poor” […]
They say that retirement should be viewed as a new life adventure. But it is really a budgeting lifestyle for post-working life. And there are a lot of considerations to make when budgeting a lifestyle in retirement. For one thing, people are living longer than ever now due to advanced medical breakthroughs and healthier living […]
Retirement is a well-deserved phase of life, but it can also present financial challenges, especially when it comes to taxes. As you transition from earning a regular income to relying on retirement savings, understanding how to optimize your tax situation becomes crucial. In this blog, we will explore some smart and legal strategies to help […]
The average age for retirement in the United States is about 63, the year after most Americans qualify to take Social Security. Some people spend a lifetime waiting for retirement, only to realize they can’t afford it or didn’t plan for it properly. They say life is short, but life can feel really really long […]
Many many years ago when my dad retired I remember him receiving a gold watch for his years of service and a nice pension for his hard work. Today, many people have to rely on their 401(k) or individual retirement account (IRA) to help fund their retirement. Not only that, but they also have to […]
Even though the country is moving toward erasing the gender boundaries, there are some things where women and men have to acknowledge they are different. Retirement planning is one of them. Research has shown that women in general are better investors. Data going back years show that their aversion to risk usually leads to better […]
The only thing that scares people more than the idea of retirement is the reality that they are not financially ready for it. One way to alleviate the high cost of retiring in the United States is to retire abroad. You will have to learn a new language and adjust to a new culture. If […]
Most of us currently working understand that in order to have a sufficient income for retirement you need to be diligent about making annual contributions to your retirement accounts. These same people however, may balk when you tell them that receiving regular raises — actually earning more money — can instead lead to less money […]
There are many reasons for phased retirement, that is, stepping down to less hours rather than quitting all at once. The main advantage is that it allows you to continue saving for full-time retirement. By delaying, in part, you are able to continue contributing to your IRA or 401(k). There aren’t any age limits for […]
You may be trying to figure out what the most beneficial age is to say goodbye to your colleagues at work. Is it 62, 65, or even 70? Age 65 has long been considered typical retirement age, in part because of rules around Social Security benefits. In 1940, when the Social Security program began, workers […]
