retirement planning
Retirement Readiness and Financial Preparedness Can be Two Different Measures
Many U.S. adults approaching retirement express confidence in their ability to deal with living costs in their later years. An overwhelming majority–89 percent–of responses to a global survey by Prudential said so, yet just slightly more than half said they’d…
Using AI in Retirement Planning Can Be Great…But Be Careful
Artificial Intelligence, and specifically ChatGPT, can be useful in planning your financial future in retirement. Linking you to helpful information on financial concepts, such as retirement options, can expedite research and clarify your understanding. The tools can also be helpful…
GIG Workers and Retirement…What’s Their Future Look Like?
In a postandcourier.com post by PensionBee founder and CEO Romi Savova, I found a startling statistic:: By 2027, freelancers will make up more than 50 percent of the workforce, marking a fundamental shift in the U.S. labor market. In her…
Understanding the $1,000/month Rule
Most folks contemplating their retirement years know that there are “rules of the road” available to guide their planning. For example, the 4% rule suggests withdrawing 4% from accumulated wealth in the first year of retirement, with annual adjustments made…
Avoid these retirement mistakes
A record number of American workers will soon be entering retirement, but are they prepared? There are many moving parts to retirement, ranging from knowing how your pension will be paid out, when to claim your Social Security benefits, and…
Rethinking your decision to file for Social Security.
The gloomy 2025 Board of Social Security trustees report may have nudged you to think about filing for benefits before your full retirement age. If so, you might want to rethink that decision, says the writers at The Motley Fool.…
Retirement planning mistakes to avoid
The fear of running out of money or being unable to afford necessary expenses in retirement can be overwhelming. If you have retirement anxiety, several coping mechanisms can help you not to feel so overwhelmed. The first and most important…
U.S. Dept. of Labor Announces Retirement Plan “Lost and Found” Search Tool
Source: https://lostandfound.dol.gov/ EBSA (Employee Benefits Security Administration) is helping America’s workers and beneficiaries search for retirement plans that may still owe them benefits by establishing a public Retirement Savings Lost and Found Database through the SECURE 2.0 Act of 2022. …
Top Retirement Planning Questions
NorthWestern Mutual’s 2024 Planning and Progress Study looked at the top retirement questions Baby Boomers have on their minds. The study conducted earlier this year found that the top question, with over one-third of participants voicing it, was: “How much…
Don’t make these retirement planning mistakes
Planning for your retirement can be stressful and overwhelming, but you should not put it off. Although it may seem like light years away, retirement will come sooner than later. How do you ensure that your retirement is the one…