There tends to be a lot of excitement in the air as one approaches retirement. Contemplating how to spend one’s golden years represents the culmination of decades of hard work and the ability to enjoy the fruits of one’s labor. While the enthusiasm is warranted, it’s also crucial to make some important financial planning decisions before the fun begins. Many of these decisions are uncomfortable as they involve changing aspects [...]

Millennials now comprise the largest living demographic group in the U.S. Thanks to innovation and advances in technology, this first generation of digital natives has enjoyed opportunities that were unimaginable a few decades ago. Their demand for transparency, relevance and authenticity in the way they interact with service providers has been the driver of unprecedented change across industries, including — and perhaps especially — financial services. The millennial cohort, which [...]

Retirement-planning stories tend to look through the lens of a two-person household, making certain assumptions about everything from income and insurance needs to estate planning as if every saver were part of a couple. This story is aimed at single retirement savers. Without the buffer of another person contributing to household finances for this life stage, people who were never married, or are widowed or divorced, need to be vigilant. [...]

You don’t need to be an actuary to predict that for married couples, there will come a time when one spouse will be aging alone. You can see insights on key differences between how men and women experience widowhood in a recent report from the Stanford Center on Longevity (SCL), published in The Journal of the Economics of Ageing. These insights can help married couples make critical decisions as they transition [...]

Retirement planning is all about numbers. It centers around one question: Do my financial assets — pension, 401(k)s/IRAs, Social Security, property, sale of a business, etc. — provide enough income to fund my desired retirement lifestyle? At least, that is what most people think. But ask any retiree, and they will likely tell you that it is only half the story. You’ll need enough money to get by, of course, [...]

Digital investing, once a playground mostly for younger investors, is no longer just for the young, but also for the young at heart. For the past decade or so, digital investing has broadly been thought of as a way for Millennials and other investor newbies to access low-cost advice and investment management services. Generally speaking, fintech players have paid less attention to older investors, partly due to the perception that [...]