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Switching Jobs? Remember your 401(k)
According to data from Edelman Financial Engines, four in 10 adults are unaware that you can keep your 401(k) savings in a former employer’s retirement plan. Also, close to 30 percent of participants didn’t know that certain retirement distribution options…
Don’t believe these myths about claiming benefits
Although experts tell that most people would be better off waiting to claim Social Security benefits, but most people file early. More than half apply for Social Security before they reach full retirement age and only about one in 25…
The Federal Communications Commission Helps Consumers Avoid Scam Calls
You know those robocalls from scammers that you keep getting on your phones? We get them at the Federal Communications Commission (FCC), too. Read Social Security Matters blog here… Notice: The link provided in the text above connects readers to the full…
Americans have this much in their 401(k)
The average American worker aged 65 and older has about $192,877 in their 401(k) according to Vanguard’s “How America Saves 2019” report. This balance is nearly $20,000 more than they typically have from age 55 to 64. Income, age, and…
Chances are you know the five secrets to retiring rich
If it were easy to retire rich, everyone would be doing it, and we would not be in a situation where more than 40 percent of Americans are in danger of retiring broke. It’s not rocket science, but it does…
How much do you need to retire?
We all have heard stories of people retiring on as little as $2,000 a month; however, reality is a comfortable retirement doesn’t come cheap. The average over-65 household will spend nearly $50,000 a year according to data from the Bureau…
These key moves could spell the difference between an easy retirement and a stressful one
Retirement is a major step, but one you really need to prepare for extensively. If you are planning to retire in about a year’s time, the attached article list four things you must do before you retire. Read what these…
Retirement planning questions you need to answer
If you’re a baby boomer planning your retirement you need to answer some critical questions to get the life you want in retirement. You need to define that life, then build the financial and social resources to support it since…
By preparing for retirement now, you’ll avoid some nasty surprises down the road
A new study from the World Economic Forum found that most people are expected to outline their retirement savings. However, that should not come as no surprise, as the median amount baby boomers have saved for retirement is $152,000. Planning…
The four most common misconceptions about Social Security
There are a lot of misconceptions out there about Social Security because the program has changed over the years and more changes are on the horizon. But, it’s time to set the record straight about these four most common misconceptions…