Becoming a millionaire is totally possible. Yes, even if you aren't making six figures a year. The bad news is, it might not happen until you hit retirement, and even then, it'll only happen if you plan diligently throughout your working life. But don't let that dampen your spirits. The road to becoming a retirement millionaire might not be easy, but it is pretty straightforward. As long as you follow [...]

One of the most common questions we get from our clients is, "How much do I need to save to retire?" SEE ALSO: 6 Steps to Finding Your Second Act in Retirement To answer this question, we recommend focusing first on a few mostly non-financial questions designed to help you picture what "retirement" means to you. Starting with these questions can help make the financial planning process less intimidating and more [...]

“Mind the gap!” The voice calls out again, “mind the gap!” The warning is broadcast thousands of times each day on London’s ‘Tube,’ the city’s public transportation system. Since its introduction over 50 years ago, “Mind the gap!” has become a branded slogan for British tourism, as well as a distinctly familiar phrase that signifies bringing attention to a problem that may be overlooked in the rush of everyday life. [...]

CLEVELAND, Ohio — Maybe you have a specific retirement age in mind. Or maybe you’re just fantasizing about when you’ll be able to retire. No matter, the time to do some deep thinking starts years ahead of time. In a perfect world, people would start developing a retirement plan, or at least start saving, in their 20s. When you get to about five years before retirement, it’s the home stretch. [...]

It’s always what you don’t know that can trip you up when planning for retirement. And there’s a lot about Social Security you probably don’t know – but should. Or at least you should if you want the largest possible benefit for you and your household. So, what then, are some the quirkiest rules to know? Spouses and delayed benefits: Married couples are told by Social Security to plan for two lives. [...]

The Secure Act became law on Jan. 1, and some provisions are becoming clearer. This law was passed because of the widely known lack of retirement planning by many Americans. Baby boomers are the first generation for which many workers are responsible for their own retirement. Many will not receive a pension. While some have done a great job saving in 401(k)s and Individual Retirement Accounts, many have not saved [...]