retirement
The secret weapon in your retirement savings arsenal
Do you have a health savings account? If so, you have a secret retirement plan. A health savings account is a type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical…
What to Consider When Retiring at 62
Many Americans dream of retiring at 62; it is the most popular age to begin Social Security. But have you thought out all the details involved? Have you asked yourself these questions: How will you pay for healthcare? Will you…
Some common retirement goals
Let’s face it, we humans, are goal-oriented beings since the beginning of time. In our goal-oriented society, setting an objective to work toward is often a powerful motivator that drives professional and personal progress. Why would retirement be any different?…
Strive for a balance between saving for retirement and living
We hear this all the time -Americans aren’t saving enough for retirement. All the recent reports state the average retirement savings is $141,252, with the median 401(k) balance being just $35,345. However, can you be striving too much to meet…
Changes may be coming to your 403(b)
If you have a 403(b), you may need to re-evaluate your retirement plans and how your plan beneficiaries will receive their funds. The IRS has treated 403(b) plans like individual retirement accounts (IRAs); however, that is about to change. Under…
Should you stop contributing to your retirement savings?
With inflation outpacing wage growth, yes, you can cut back on retirement savings, but realize you may need to push back your retirement date by doing so. Should you stop contributing altogether or lower your contributions? Mike Winters talked to…
The US slipped one spot to No. 18 out of 44 countries in retirement index
According to Natixis Investment Manager’s 10th Annual Global Retirement Index, the United States is ranked 18th for retirement security. Although the United States drop was due to the improvements in other countries that pulled them ahead in the index, the…
Creating Disposable Income beyond Social Security in Retirement
Social Security in one’s golden years will only replace about 40 percent of pre-retirement income. As is often the case, it is humbling for retirees to learn the standard of living they were used can be no more. But John…
Retirement Savings – Millennials are ahead of their parents
Who’d have thought it? There has been so much press in the last decade on how younger generations spend money in profligate ways, from the newest I-phones to streaming services to $20 avocado toast. But Nicole Goodkind of CNN Business…
Experts warn the earlier you retire, the greater the risk
U.S. Bureau of Labor Statistics data suggest more Americans are retiring early. Covid changed many people’s thinking about retirement. Fatter bottom lines in people’s portfolios and surging home prices for those that bought years ago created more opportunities to retire…