retirement
A Glimmer of Optimism in the Retirement Planning Picture, Perhaps?
Financial security in retirement is a major concern in the minds of many workers looking toward that life phase. So much of the news over the past few years has been gloom and doom, with Social Security’s looming insolvency and…
Dealing With Inadequate Retirement Savings and the Potential for Social Security Changes
Many media reports have dealt with the inability of many Americans to accumulate a financial cushion for their retirement years. With so many retirees needing to rely heavily on Social Security benefits to get by, and with inflation steadily eroding…
Nationwide 401(k) Dashboard Proposed by GAO
With 401(k) plans encompassing more than $7 trillion in retirement savings for over 92 million Americans, it would be an absolute understatement to say that management of an asset level of this magnitude is important. For individuals, especially those with…
A Quick Refresher on Getting the Most Out of Social Security
The maximum Social Security benefit as of this year is approaching the $5000 mark, but it’s unlikely that many beneficiaries will reach that level of payout. In fact, the average benefit for 2024 is $1,907 after the 3.2% cost-of-living adjustment…
Dealing With a Social Security Myth…The Claim that Too Many Get Unearned Benefits
You’ve probably heard the comment, or perhaps seen it on a social media site…Social Security would be in better shape if people who haven’t contributed would stop getting benefits (or some version of the same argument). As discussed in a…
Are Retirement Savings Beginning to Feel the Effects of Inflation?
With the threat of long-term inflation now a part of retirement financial planning, and with Social Security’s looming insolvency problem and accompanying uncertainties, the criticality of building that “nest egg” for later years is building steadily. And to make the…
Doing away with the old 4% rule
We all fear running out of money in retirement, but will we? Most financial experts assume all of us will live to age 95, but only a few of us will, so are we spending too cautiously and not enjoying…
Finding the right retirement savings goal
How much will you need to retire? Everyone’s ideal retirement is different based on their goals, and no two retirements look the same. There are, however, some rules that may help you estimate your retirement savings goals. Ryan Downie outlines…
Women want a secure retirement
In a recent report published by the National Institute on Retirement Security (NIRS), more than three-quarters of women surveyed said the typical American worker doesn’t earn enough to save for a secure retirement. The survey also concluded that women want…
Needed changes to 401K plans
Since their arrival 40 years ago in the retirement industry, the 401(k) has become the leader in nudging out corporate pension plans and IRAs. But they are not perfect. So, the federal government has begun implementing laws aimed at workers…