Nearly half of workers have less than $25,000 saved for retirement, according to a report from the Employee Benefit Research Institute, and of those workers, more than one-quarter have less than $1,000 stashed away. Whether you're nearing retirement or your senior years are decades away, it's important to be setting aside at least some money now to prepare. That can feel nearly impossible when money is tight, but these three [...]

The global pandemic has created shock waves in our markets and economies this year, and it has been hard to wrap our heads around exactly what it means for our financial well-being. Very few of us predicted back in February that we would be facing a renewed lockdown at Thanksgiving, or that we wouldn’t be able to travel to see our families during the holiday season. Many Americans are still [...]

We all want to retire with enough money to pay our bills and enjoy a comfortable lifestyle. But saving for retirement takes work, and it means sacrificing other luxuries along the way. Here's the good news, though: There are a few simple steps you can take to increase your retirement wealth and put yourself in a better position to withstand financial surprises as a senior. Here are a few super easy [...]

here's no one right age for retirement. But chances are good there's a right age for you. And you'll need to figure out what it is, since you'll need a target date when setting savings goals and making your plans for the future. The good news is, deciding when you should leave work is actually simpler than you might think. Just consider these five key factors to see when retirement should be [...]

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For those with an eye on early retirement before age 65, it helps to break your retirement planning into two phases: before retirement and after retirement. By planning for each phase, you can move toward an early retirement with a greater level of confidence. Early Retirement, Phase One: Pre-Retirement Planning When people talk about retiring early, they most often focus on the investment strategy known as FIRE: Financial Independence Retire Early. [...]