Planning for retirement is an important step toward long-term financial wellness at any age. Even though everybody knows to expect the unexpected, no one could have predicted how the events of the past 12 months would change the world. As a result, many people had to shift their approach toward financial planning and retirement savings and are now looking for ways to get back on track. According to the Fidelity [...]

Pandemic-related job losses forced many older Americans out of the workplace in the past year, perhaps permanently. But the COVID-19 crisis also seems to have delayed some retirements. Remote work eliminated commutes and often allowed more flexible schedules with fewer interruptions. At the same time, the pandemic restricted many traditional retirement activities, including travel and visits with family. While some employed older workers look forward to retiring when restrictions ease, [...]

The early stages of retirement can be extremely exciting -- and probably a bit unsettling. After all, you're going from a full-time work schedule to suddenly having many free hours day after day, and that can be quite the adjustment. But you'll also have to adjust financially to being retired. And for the smoothest transition possible, make sure to avoid these newbie mistakes. 1. Not following a budget You might [...]

Older workers and retirees are understandably concerned about the impact the COVID-19 pandemic, and the resulting economic uncertainty, could have on their retirement. Of course, those who made a point of planning for a financial slump – knowing it’s never a matter of if, but when a market downturn might happen – are generally in a better position than those who did not. This is why experienced financial advisers repeatedly [...]

Americans make plenty of mistakes when it comes to planning for retirement, the biggest of which is not saving enough. In fact, a recent GOBankingRates survey found more than half of Americans will retire broke. Find Out: 27 Best Strategies To Get the Most Out of Your 401(k) Even if you have made saving a priority, however, you still can make missteps once you leave the 9-to-5 that will put a comfortable [...]

COVID-19 had an immense impact on the economy and caused wild swings in financial markets, but it also provided a couple of big lessons when it comes to retirement planning: Prepare as best you can for anything, and learn quickly from your mistakes. With 2020 now behind us, here are a few tips on how to reassess your retirement plan and best protect it from adverse societal and economic conditions: