Women’s retirement prospects are improving, but not enough
When it comes to retirement, it’s no secret that women face an uphill battle financially. And while women’s retirement readiness is improving, there’s room for much more, according to new research from the Aegon Center for Longevity and Retirement. Women around the world share the same three career challenges: a gender pay gap, time away from their careers, often due to caregiving responsibilities, and a lack of compensation for those [...]
Orlando Police Officer Who Suffered PTSD After Pulse Massacre Granted Retirement, Pension
ORLANDO, Florida — Police pension board members voted unanimously Thursday to grant disability retirement and a lifelong pension to Orlando police Officer Alison Clarke, who developed post-traumatic stress disorder following the Pulse massacre. Clarke cried as she embraced her wife and friends after the hearing. Clarke’s wife, fellow OPD officer Kate Graumann, let out a deep breath as tears welled in her eyes after the vote. “Now I feel like [...]
7 Steps to Becoming a Retirement Millionaire
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 [...]
4 Retirement Questions to Ask Before ‘How Much Should I Save?’
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! These Gaps In Your Retirement Plan Will Surprise You
“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. [...]
Retirement planning: Tips for 5 years, 2 years and 1 year before retirement
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. [...]