retirement
Seven reasons for nest egg disparities
A new report from the Government Accountability Office found the retirement savings balances of high-income households were nine times higher than middle-income households. Although income and race are two factors for the substantial balance increases for high-income households, other factors…
When you’re able to retire on schedule
Starting your Social Security retirement benefits is a major step on your retirement journey. You can begin your retirement benefits as early as 62 or as late as 70. If you start your Social Security benefits as early as 62,…
Top 10 best states to retire in
When you picture your retirement, is it full of swaying palm trees and tropical breezes? However, you may be changing your mind based on the latest Bankrate study on the best state to retire to. Every year Bankrate looks at…
Places that make retirement feel like a vacation
Many people feel that retirement should be treated like a vacation, a time to rejuvenate your body, mind, and soul. Discover new passions or devote more time to passions or hobbies you already have. You may be thinking of relocating…
How can you make a retirement savings plan when you run your own company
Though large corporations get the spotlight, according to the U.S. Small Business Administration, the reality is that the vast majority of businesses in the U.S. are small businesses. There are an astounding 33.2 million small businesses across America. Of the…
The Retirement Withdrawal Fear
Maurie Backman tells the story here about one man’s worry over taking anything from his nest egg, a fear more common than many realize. Social Security will replace just 40% of pre-retirement income, and so savings from a lifetime of…
A Novel Idea to Address The Looming Retirement Crisis
You can only contribute a quarter of what your neighbor can for retirement because of where you work. Is that fair? Well, it’s reality for the more than 57 million U.S. workers who don’t have access to an employer-sponsored retirement…
Time to Ready Your Financial Plan for an Increase in Retirement Age?
David Weinstock starts by noting a number of countries are raising retirement ages out of necessity to keep their social insurance programs solvent. The concept rarely polls well with the public, though experts think it critical for keeping programs whole.…
Attention, Millennials: Don’t Give Up on Social Security!
The popular media hasn’t been kind to Social Security in the recent past, using words like “bankrupt” and phrases like “the money has been stolen” to suggest where the program is headed in less than a decade. It’s unfortunate that…
Exploring the Concept of “Unretiring”
So much of the financial news today focuses on ensuring a pathway to financial comfort in retirement. Social Security’s insolvency trajectory aside, there’s quite a bit of rhetoric in the media about saving to reach that goal post or career…