The world has been in a panic since the outbreak of coronavirus, causing almost unprecedented market volatility. Some have been quick to compare this to the credit crisis of 2008 that lasted five years. Depending on the duration of the health crisis, I foresee it more closely mirroring the financial events that followed the attacks [...]
Many people struggle to save for retirement, even when the economy is strong and life carries on as usual. But now that the country is deep in crisis mode, many people are suddenly struggling to keep their paychecks or manage their jobs remotely. Many are also rushing to stock up on key supplies so they're [...]
The retirement planning rule book is under siege. And if you haven't examined your retirement plan lately, it's likely hopelessly out-of-date. Why? America has a retirement crisis — and a budget crisis. And lawmakers are cooking up solutions to fix both problems, but with conflicting results. And that's putting retirement rules in play, threatening to [...]
When someone approaching retirement comes to me, almost ready to begin living off the hard-earned savings they have accumulated over 30-plus years, I’m reminded of an intriguing factoid that the Discovery Channel never tires of sharing: More people die descending Mount Everest than on the ascent. Spending down your retirement accounts is similar in that it involves [...]
Though not every worker has access to a 401(k) plan, those who are eligible to participate in one would be wise to capitalize on that option -- especially as retirement nears. But in a recent survey by Principal Financial Group, roughly 16% of pre-retirees earning $100,000 or more per year are not participating in a [...]
Though not every worker has access to a 401(k) plan, those who are eligible to participate in one would be wise to capitalize on that option -- especially as retirement nears. But in a recent survey by Principal Financial Group, roughly 16% of pre-retirees earning $100,000 or more per year are not participating in a [...]
When it comes to retirement, it’s no secret that women face an uphill battle financially. And while women’s retirement readiness is improving, there’s room for much more, according to new research from the Aegon Center for Longevity and Retirement. Women around the world share the same three career challenges: a gender pay gap, time away [...]
ORLANDO, Florida — Police pension board members voted unanimously Thursday to grant disability retirement and a lifelong pension to Orlando police Officer Alison Clarke, who developed post-traumatic stress disorder following the Pulse massacre. Clarke cried as she embraced her wife and friends after the hearing. Clarke’s wife, fellow OPD officer Kate Graumann, let out a [...]
Becoming a millionaire is totally possible. Yes, even if you aren't making six figures a year. The bad news is, it might not happen until you hit retirement, and even then, it'll only happen if you plan diligently throughout your working life. But don't let that dampen your spirits. The road to becoming a retirement [...]
One of the most common questions we get from our clients is, "How much do I need to save to retire?" SEE ALSO: 6 Steps to Finding Your Second Act in Retirement To answer this question, we recommend focusing first on a few mostly non-financial questions designed to help you picture what "retirement" means to you. [...]