It's been a wild week in the stock market, and that has a lot of investors worried. If you're concerned that a near-term stock market crash will destroy your retirement plans by sending the value of your savings plummeting, you're in good company. But here are a few steps you can take to prevent that unwanted scenario. [...]
From dealing with unexpected medical costs to supporting adult children, Americans often find themselves facing expenses they weren't anticipating in their golden years. Plus, it's harder to save for retirement today than it was 50 years ago. Over 30% of Americans plan to continue working after they retire, according to a 2019 survey by TD Ameritrade. [...]
The ideal retirement means different things to different people. Some envision themselves living in a peaceful cottage in the countryside, some dream about travelling the world and visiting all the places they didn’t get the chance to visit in their youth, others would very much enjoy spending more time with their families and so on. [...]
For millions of retirement savers, the pandemic was a gut punch. There was the jarring stock market drop in March 2020, then millions lost their jobs, health insurance and ability to fund their savings. The pandemic stymied adults who hadn’t started saving for retirement, the number of workers taking withdrawals from their 401(k)s last year jumped, [...]
Reaching age 50 is a milestone that most of us celebrate. Still, after you’ve blown out the candles and bid farewell to your guests, you may have a headache from too much champagne, but otherwise feel the same as before. Wake up! This is the time to reassess and make sure that your financial plan is in [...]
An individual retirement account, or IRA, is a powerful savings tool for retirement. But there are a few tricks you might not know to make the most of your retirement savings account. Here are four unexpected ways to level up your IRA. 1. Get paid to contribute If you're struggling to contribute to your IRA, [...]
Many of us work and save our entire careers in hopes of achieving a relaxing, comfortable life during retirement. However, the actual process of transitioning into retirement can bring about stress and worry. It doesn’t have to be that way — being prepared can ease you into this new stage of life and help you [...]
You hit a lot of milestone birthdays when you’re young. There’s your first birthday, of course, and also the one where you turn 10 (finally, double digits!). At 13, you’re a teenager. At 16, you’re probably thinking about driving. At 18, you can vote; at 21, you can get into bars. You hit a bunch [...]
Rules of thumb are common in financial literature. Who can disagree with “buy low, sell high” or “decrease your risk exposure by diversifying your portfolio”? Author and retirement planner Dana Anspach, CFP®, RMA®, observes that these kinds of rules of thumb can be useful to point the way, but beyond that, may lose their value. In [...]
The U.S. Labor Department's Employee Benefits Security Administration has issued cybersecurity guidance for the first time. The information is directed at plan sponsors and fiduciaries regulated by the Employee Retirement Income Security Act, and provides best practices for maintaining cybersecurity, including tips on how to protect the retirement benefits of America's workers. The guidance includes tips [...]