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 can—typically up to 15% of their pay—in an employer-sponsored retirement plan or an individual retirement account (IRA) as soon as [...]

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 endeavor. Here are four moves to consider. 1. Downsize your home Ideally, your mortgage will [...]

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 describe their message is, “Invest like you did when you were 55, only more conservatively.” [...]

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 checks. In some cases, you could see your benefits actually go up if you continue [...]

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 it gets better. Others are projecting a rapid stabilization and a speedy recovery. Who should [...]

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 a smart financial strategy for retirement. Sources of retirement anxiety include: Running out of money. [...]