Retirement
According to research data compiled by Voya Financial, more than 60% of workers nearing retirement age are forced into retirement. Some employees are forced into retirement due to ageism, to make way for younger employees or due to declining personal health. Dave Bernard, now age 59, had previously planned to retire at the age of […]
The most stressful part of retirement for many people is wondering if they saved enough money and if it will last. The cost of living is very high in the United States. So to make ends meet, many retirees resort to downsizing and moving to small cities or remote towns. A good alternative is to […]
A time will come when age begins to catch up with your parents and they will need help with managing their finances. Even if your parents don’t want to feel dependent, when you sense that they need your assistance, you can approach the issue with sensitivity and extend your support for the management of their […]
For many people, retirement means the end of their earning period. For these retirees, having a stable and well-diversified portfolio that provides them with a source of income even after their retirement is very essential. This would also go a long way in helping keep the tax liabilities at bay. People, to this day, are […]
A recent report from Ameriprise showed that the number one fear for people in the age group of 50 to 79 is managing the costs of healthcare. For people in their 30s and 40s, who are decades away from retirement, it’s still the second-most important concern. Here are a few proven strategies that could help […]
Retirement, that long-awaited phase of life characterized by relaxation and leisure, is a culmination of years of hard work and diligent saving. Yet, the prospect of running out of money in retirement looms as a concern for many individuals. As you embark on this exciting chapter, it’s essential to adopt a proactive approach to ensure […]
According to a study by the Economic Policy Institute nearly half of American households report having zero retirement savings. In this sorry state of affairs, a book that was published nearly 62 years ago seems appropriate. Bob Belmont, a sci-fi novelist, authored a manifesto called How to Retire Without Money, in which he shared his philosophy of […]
Millennials have a rosy outlook concerning retirement financial solvency that doesn’t square with reality. Most Millennials, the age demographic of young people between the ages of 21 to 37, expect to retire by the age of 56. A large percentage of Millennials also expect to become millionaires something within their lifetimes. Investment brokerage company T.D. […]
The Social Security Administration announced on Tuesday that it expects to pay out more money than it takes in this year. That means that it will have to draw on its trust fund for the first time since 1982. The annual report from the trustees had predicted there would be a shortfall, but not until […]
Retirement is complicated for those considered self-employed, including business owners and entrepreneurs in all categories. Around 10 percent of all Americans who earn a paycheck consider themselves to be self-employed. This segment of the working population may be falling behind on retirement savings. While studies show that about 42 percent of people who are self-employed […]
