Any sound financial plan requires that you figure out your retirement expenses in advance, advisers say. But since retirement can now last 30 years, what’s the best way to plan for those decadeslong costs? “I think exploring retirement spending at a deeper level, that is beyond just assuming that annual expenses increase annually with inflation, is an important part of a financial plan for a retiree,” says David Blanchett, head [...]

Money you put in your retirement accounts is supposed to stay there until you're ready to exit the workforce, but it doesn't always work out that way. When you're pressed for cash, your retirement account can look like a piggy bank just waiting to be cracked open -- and many people give in to the temptation. A recent Transamerica survey found that 28% of Americans were guilty of taking a loan or [...]

Let's talk about how to take advantage of one's youth when it comes to the importance of saving for retirement. It's almost unnatural to expect someone just starting a working career to save for a retirement goal that is 40 to 50 years into the future. No matter the size of the paycheck, there is always something that can distract one from a long-term savings goal -- from consumer purchases [...]

Finding a retirement advisor is not as easy as it sounds. The sheer amount of advisors out there can be overwhelming, let alone the different types of platforms, devices, services, and other technology that are available all trying to vie for you and your hard earned dollars. Here’s the problem. You can find thousands of people claiming outlandish returns in the market, but how did they do in the fourth [...]

Saving for retirement is confusing — it’s no surprise we make mistakes along the way. Luckily, there are strategies to get back on track. Below, financial planners share the most common mistakes, and how they help their clients recover.

Jeston Walker announced his retirement from the Gary Police Department in Indiana. After making his final radio sign-off, what Jeston heard on the other end from his brothers in blue brought him to tears. Jeston's fellow officers offered him words of appreciation and encouragement for his retirement on his last day on the police force. Jeston captured the moment on video and posted it on social media. Jeston retired from [...]