Retirement
The hardest part of retiring is finding a way to live comfortably in a country where inflation and the cost of living rise constantly. The average American retiree needs at least $45,000 to live comfortably in retirement. However, that estimate increases appreciably if you retiree in major and population-dense city centers. And the typical retiree […]
Until you plan everything out, planning is nothing. And while most retirees plan to retire and stop working, many end up working again. More than a third of retirees who vow to never work again end up working again post-retirement for a variety of reasons. If that sounds like it might be you, here are […]
Retirement is supposed to be a time of relaxation and enjoyment, but it can be stressful if you don’t have a solid retirement plan that takes into account inflation. Inflation is the increase in the cost of goods and services over time, and it can seriously impact your retirement savings. In this blog post, we […]
Target-date funds (TDFs) provide an investment mix whose objectives vary over time. TDFs are marketed as a way to ensure risk is allocated appropriately. Risk-tolerance should be carefully reexamined against any fund’s investment objectives. Introduced in the late 1990s, target-date funds (TDFs) were developed to provide those investors planning for retirement an easy way to […]
For over 20 years, I have worked within the wealth management industry helping individuals with retirement planning. One of the big decisions one will need to make is deciding which withdrawal strategy is the best for your specific situation. When choosing a withdrawal strategy, it is important to take factors such as taxes, life expectancy, […]
Employment options don’t increase as we get older. Your work position may not be safe, even if you have decades of employment under your belt. More than 2 million Americans were forced into early retirement recently. And of that number, 55% automatically became financially insecure as a result. If you have been offered early retirement, […]
Most people say that you regret the things you didn’t do more than things you did. Such regrets are common when it comes to retirement planning. More than 76% of retirees have at least one one regret when it came to planning for their retirement. You may have a lot more than one regret you […]
If there is one thing that married life and divorce teach you, it’s that you have to take your personal finances much more seriously thereafter. Alimony, debt, and legal fights can tie up the finances of divorcees for years after separating. And it is folly to believe that only young and middle-aged people get divorced. […]
A golden retirement does not necessarily mean pristine beaches and luxurious villas, even though that is the stereotype image that comes to mind. Your retirement means a lot more than just money alone. Here are five secrets to a truly happy and successful retirement. More than just cash While financial security during retirement is vital, […]
Economic uncertainty has become a household concern, especially for retirees striving to stretch their savings. With rising costs and fluctuating markets, managing expenses in retirement has never been more critical. A recent study by Schroder revealed that 62% of retirees have no idea how long their savings will last, and 45% report that their expenses […]
