savings
Can I Count on Social Security Being There?
Younger folks especially wonder about Social Security being there for them when they retire. This article by David Crossman with Bedel Financial Consulting explains that it will be there. How it will look and the amount that is paid out…
Workers are tapping into their retirement accounts
A recent report by TransAmerica Center for Retirement Studies found that retirement savers are taking a loan from their 401(k), IRA, or other similar plans while still working. The report did say, “Seventeen percent have taken a loan and paid…
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…
The sandwich generation
Are you part of the “sandwich generation?” The sandwich generation consists of workers supporting young relatives and aging parents. According to the U.S. Census Bureau, there are roughly five million intergenerational households in the United States. Jill Schlesinger reports on…
COLA comes with bad news for retirees
The Social Security Administration announced on October 10th that the 2025 cost-of-living adjustment (COLA) will be 2.5 percent, which is lower than the 10-year average of 2.8 percent. Inflation has fallen; however, the prices of goods and services are still…
What to look for in a side hustle
Retirement, for many, can be a time to relax and enjoy your family and friends, but for some, it means finding a side hustle to fill in the time. In a recent poll of retirees, the average monthly earnings from…
Are you making this mistake with your new higher-paying job?
Have you switched to a higher-paying job recently? According to recent research from Vanguard, many workers who jump to a new position frequently enroll in their new 401(k) plan at a lower contribution rate than their previous employer, causing them to…
Has auto-enrollment in retirement plans worked?
Has auto-enrollment for employees into the company’s retirement plan worked? According to new research, these features helped less than previously thought. Why? “In the real world, looking at how people behave — people leave jobs, cash out their 401(k)s or…
Retirement is evolving
Many people still hold the traditional idea that the retirement age in America is 65, but that is no longer the reality for many Americans. Individuals and companies base their decisions on this traditional retirement age concept. Those decisions range…
Optimism about reaching your retirement goals
Have Americans turned the corner in their confidence that they will be able to meet their retirement goals? The latest survey from the Nationwide Retirement Institute found that 65 percent of workers say they “are on the right track when…