Even if you've already started saving for retirement, you might not know exactly what it takes to get there. And you're not alone. According to new data, there's a lot Americans don't know about retirement planning. Fidelity Investments surveyed over 1,200 American adults who had not yet retired but had at least one retirement account. The survey tested knowledge about retirement planning and saving, and found that Americans had some big blind [...]
(NAPSI)—The 55-plus crowd is more active than ever, continuing to stay in the workforce longer, growing in numbers—to the tune of 73 million and counting—and exerting an even greater economic impact. In fact, 55+ers are responsible for over half of U.S. consumer spending, according to AARP, contributing to the huge upsurge in online spending during the pandemic. If you are one of these lucky ones—as in 55 or older—you may [...]
Many people want to remain in their homes after they retire rather than move to a senior living facility or community. Unfortunately, most homes aren’t set up to help us age safely and affordably. If your goal is to “age in place,” some early preparation could help make that possible — or point to better alternatives. “Somewhere in your 50s, hopefully, you’re starting to think seriously about are you going [...]
As a general rule, it's a good idea to close out your career with about 10 times your ending salary socked away in an IRA or 401(k) plan. This means that if you're in your 60s earning $80,000 a year, you'd want about $800,000 in your nest egg before you retire. But what if you're nowhere close? It could be that a series of surprise expenses got in the way [...]
Veterans and others with hearing loss can receive free assistive technology for captioned telephone service from participating providers on their home phones, mobile phones and other communication apps. Real-time transcriptions of communication are a vital service for those who rely on their phones to stay connected with family and friends, and to communicate with health care professionals and emergency responders. Veterans of all ages can benefit from captioned telephone service, as they are disproportionately affected by hearing loss. Hearing loss is not just due to degeneration from aging; Veterans are 30% more likely than non-Veterans to have a hearing impairment. What is Captioned Telephone [...]
The amount of money you spend in retirement is a crucial factor in determining the type of lifestyle you will live. But it's also important for ensuring you don't run out of money. How much you can comfortably take out of your accounts each year is unique to you and needs careful consideration. But no matter what, the ideal withdrawal rate should always consider these four things.