Pre-retirees and retirees have always faced several serious retirement planning challenges. On the one hand, it’s great that many people are living much longer lives than their ancestors. On the other hand, it’s not easy to be financially secure, physically healthy, and emotionally fulfilled for 25 to 30 years in retirement. And the current pandemic [...]
Your Social Security benefits are a huge perk of getting older. Whether you claim as soon as you blow out your 62nd birthday candles or you hold out until you reach septuagenarian status, it's hard to think of a better gift than guaranteed paychecks for life. But the rules surrounding your benefits can get tricky. [...]
For many Americans, retirement may look different in 2021 than it has in years past. The severe economic impact of the Covid-19 pandemic could push many people to consider retiring early, with less saved than they may need. Whether or not your retirement plans are looking secure, the new year is a great time to [...]
20-20 has been quite the year and while it may have seemed like it would never end 20-21 is now quickly approaching. So, when it comes to your finances, what should your year-end checklist look like? Today we’re talking about a few things you should consider doing before we put this year behind us. Joining [...]
Many Americans on the cusp of retirement are caught between the devil and the deep blue sea. They have too little saved, but they can’t keep working full time as long as they might want—or need. Retirement advice typically focuses on the savings end of this dilemma. Experts implore workers to stash away anything they [...]
Many people worry about covering their expenses in retirement, and the truth is, even if you save well for that milestone, you might still find yourself in a cash crunch if your bills come in higher than expected. The good news, however, is that a few smart decisions on your part could make retirement a less costly [...]
I have been working a long time on retirement planning that creates more and safer income for retirees. So long, in fact, that I sometimes forget the subject is new to most investors. They get much of their financial information from their advisers — who often simply treat these investors as “de-accumulators.” Another way to [...]
For many Americans, retirement won't mean giving up work entirely. And that's not necessarily a bad thing, as continuing to hold a job in your later years can allow you to hopefully do something you enjoy while also increasing your financial stability. The issue, though, is that working in retirement can affect your Social Security [...]
The Covid-19 pandemic has thrown the stock market into turmoil. For many people, that means their retirement accounts are in turmoil as well. And the truth is, no one knows what the stock market is going to do in the years to come. Some economists are speculating that the market will get much worse before [...]
HINKING ABOUT YOUR 401(k) investments and uncertainties about the future can be enough to make even the best planners feel anxious about retirement. While it's common to have money-related retirement concerns, the good news is that these worries don't have to linger. A few steps in the right direction can help calm your mind and establish [...]