savings
Generation X is particularly nervous about retirement finances
As the first Generation X members near retirement age, they have become concerned about retirement finances. Although the older generations had pension plans, Generation X workers were the first generation of workers to have 401(k)s as their financial savings tool…
Will your Social Security Benefits be Enough to get by ?
Social Security benefits vary greatly depending on your career earnings. Will even those being paid the highest benefits have enough? Since Social Security is designed to replace approximately 40% of your income, probably not. Read this article by Christy Bieber…
How could Social Security Insolvency affect your Retirement?
This report by David Fei published on June 3, 2024 for FedSmith.com contains information on this very topic. Perhaps it’s a good strategy to take the potential reductions to consider in your retirement planning. Social Security will always pay benefits.…
The So-called Social Security “Apocalypse”
“Apocalypse” and “Doomsday” are words which have been used to describe Social Security’s looming financial issue, but both words are not an accurate way to described the problem. According to this FOX29 article by Heather Miller, it would be more…
Retirement Savings: How do yours compare to others?
Just about any article you read about retirement planning will encourage you to build your nest egg as big as you can before retiring, because Social Security alone likely won’t be enough to sustain you in your golden years. Across…
Planning For Your Retirement
” … people shouldn’t view retirement as “an endless vacation.”” Instead, they should dive into their inner selves and values,” according to this Yahoo! Finance article by Tina Nazerian. What will your retirement look like? Do you have a specific…
Social Security Solvency: A Perspective
Considering all the media exposure the topic has received in recent years, you’re likely already aware that Social Security is facing some financial issues in the not-too-distant future. To be exact, 2033 is when the program’s Trustees currently project Social…
Millennials Likely to Bear the Burden of Social Security Reform
Given all the media coverage in the past year or so, it’s now pretty well known that Social Security – the nation’s bedrock retirement program – will face serious financial issues in about a decade. Although the recently released Social…
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…