The coronavirus is affecting more than just our health.  For some, our entire financial wellbeing is potentially turning upside down as overtime and part time jobs have been all but eliminated.  For others, our spouses are facing layoffs, furloughs, or reduction in work hours. Some were just about to pull the plug to retire and now our whole world has been rocked with retirement accounts that have lost a lot [...]

The world is upside down. The only thing that is certain is uncertainty. If you’ve been planning to retire in the next 18 months, you’re likely wondering whether you should make the exit you’ve been dreaming about or keep working until the chaos from the pandemic passes. It’s a big question with no easy answer. A new study from SimplyWise, an online platform offering retirement advice, found that when the stock market dropped [...]

You were convinced you could keep all or most of your savings invested in the stock market, maximize your earnings and then, somehow, choose just the right moment to move your money to something safer. How’s that working out for you, given the uncertainty we’re experiencing right now in the U.S. and globally?

When I first notified my agency of my plans to retire at the end of 2018 after serving 21½ years I was met with a lot of skepticism. People commented that I would be back within a year and that they would keep my locker ready. Some even mentioned betting with each other on how long I could stay away. At 47 years old, I was younger than most to [...]

If you're not thinking too much about retirement, you might want to start doing so, even if you're still in your 30s or 40s. After all, many of us will be spending 30 or more years of our life retired, so it's important that we plan for it effectively, lest we end up financially insecure. Here are five key things you'll want to know about and take action on when [...]

If you got a late start on retirement savings, you’re far from alone in wondering if there’s time to catch up on your 401(k) or Individual Retirement Account (IRA) contributions. Scrambling to build retirement savings late in the game is hardly the exception. A U.S. Government Accountability Office (GAO) study released in 2017 showed that about half of households age 55 and older have no retirement savings, and that up [...]