It’s no secret that most Americans aren’t saving enough for retirement. According to the National Institute on Retirement Security (NIRS), more than 75% of Americans have retirement savings that fall short of conservative savings targets, and 21% aren’t saving at all. But how exactly do you decide how much the average American should be saving for retirement? More importantly, how much should you be saving for retirement? Let’s take a [...]

America's military and police working dogs' needs are fully supported and funded by the government, until they retire. The costs of their care after years of dedicated service can be high. This is where Project K9 Hero jumps in. According to their website, their vision is to ensure quality of life for America's retired Military Working Dogs and Police K9 Heroes by providing the needed assistance for their medical, food [...]

One of the reasons that many Americans get up and go to work every day is to put some money away for retirement. While Social Security payments can be a helpful financial foundation in retirement, it is often not enough to cover anything but the most basic expenditures, especially in the uncertain financial times wrought by the coronavirus pandemic. Based on average annual spending for American seniors and the national average life expectancy [...]

You’ve heard it over and over again: Start saving for retirement as soon as possible. But how exactly do you do that? Here are seven strategies to get you started on your retirement investing journey—including pitfalls to watch out for and links to help you learn more about each approach. 1. Invest for Retirement in Tax-Advantaged Accounts Not all investment accounts are created equal. Online brokerage accounts offer flexibility but no tax [...]

Most of us are looking forward to retirement, though it's also likely that we're at least a little worried about our income in retirement. We can probably count on some Social Security, but it was never designed to replace all our income. Thus, it's up to us to make sure we have sufficient income streams to support ourselves in retirement. I've written before about sources of retirement income, such as fixed [...]

Almost everyone faces economic trouble over the course of their career, and you can't let these tough times affect your future as a retiree. Fortunately, you don't have to. There are five simple steps to take throughout your life to help ensure you're well prepared for your later years. You can take all five of these steps now. But if you're out of work due to the coronavirus and can't [...]