This article is reprinted by permission from NerdWallet. This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. If you’ve ever wondered how your retirement savings stacks up against your peers, you’re in good company. The desire [...]
Truly great experiences don’t happen by chance. Every detail is considered and meticulously crafted with the end user in mind—whoever that user may be. That’s why, when it’s time to design a new employee workflow experience, more user experience (UX) experts are partnering with HR. “There are many parallels between how UX and HR look [...]
Many people have their retirement mapped out down to a date. However, depite the best planning, things don't always go as expected. Local financial professional Barry Bigelow from Great Waters Financial explains a few things workers can do to make themselves feel more secure in situations where they are retiring early due to the pandemic. [...]
If you're nearing retirement or are already retired and you've found your Social Security benefit is insufficient to provide the income you need, you aren't alone. The average benefit in 2021 will provide just $18,516 in annual income, which is not enough to make ends meet for most people. The best way to cope with a [...]
In the coming months, you might receive a statement from your 401(k) plan that estimates the amount of retirement income your account might generate. While the information provided in these statements can help you decide how much you still need to save for retirement, they can be dangerously misleading for people who are approaching retirement. [...]
Investing is key to building wealth, but you could undermine your efforts if you make some common errors. Recent research from the Natixis Global Survey of Financial Professionals identified the eight biggest investment mistakes financial professionals believe are the costliest errors you can make. Here's what they are. 1. Panic selling A whopping 93% of financial [...]
According to a recent study from insurance company Allianz Life, nearly half of retirees aren't tracking what they spend on healthcare. Given that healthcare stands to be a retiree's largest expense, flying blind in this area of one's budget could be a disastrous move. Head off a financial crash-and-burn with a reality check on how [...]
When you retire, you’ll want to stay active in a variety of ways rather than falling into the habit of relaxing every day. It’s important for your physical and mental well-being to keep your mind, body and social life active, but it often takes a deliberate plan and intention to do so. The following seven [...]
This story originally appeared on NewRetirement. You want to know how to retire. Figuring out the answer to this question can feel overwhelming and sometimes impossible, especially if you are already in your 50s or 60s. Maybe it has been hard just making ends meet month after month, and now you are faced with creating a [...]
How much do you need to retire comfortably? It?s a question in the mind of every American saving for retirement. Unfortunately, there?s not a one-size-fits-all answer. There are several rules of thumb to help you figure out how much to save to retire. But the exact dollar amount you need will depend on a variety of [...]