savings
The US retirement readiness has improved
The United States’ retirement readiness ranking has improved compared to last year; however, it’s still lower than where we stood a decade ago, according to the 2025 Global Retirement Index from Natixis Investment Managers. Even with the increase in ranking,…
The new retirement rule and senior home owners
William Bengen created what is considered the gold standard of retirement strategies: The 4% Rule. The 4 percent retirement rule is a guideline suggesting that retirees can withdraw 4% of their retirement savings annually, adjusted for inflation, to ensure their…
You may want to stop funding your retirement account
We are continually told by experts that Americans are not saving enough for retirement, but what if there are other accounts that we should prioritize contributions to? I’m not saying that saving for retirement is wrong, considering Social Security was…
Three ways to help bridge the gap
Could you survive if your monthly Social Security check were cut by 19 percent? Or even more? As mentioned in the previous article, “Approximately 67 percent of seniors rely on Social Security for more than half of their income, with…
Retirees are over-relying on Social Security
Approximately 67 percent of seniors rely on Social Security for more than half of their income, with 27 percent entirely dependent on it for their financial needs. A recent survey echoes this statement. The survey results were not entirely surprising;…
Is your money safe from criminals
Seniors lost nearly $4.8 billion in 2024 after falling victim to scams, according to a recent FBI report. Older Americans made up the majority of victims of investment fraud. Criminals know retirement funds usually contain a large amount of money,…
What is the biggest threat to your retirement
We are all aware that Social Security is facing an insolvency issue if Congress does not act by 2034. If no action is taken by lawmakers, then Social Security may have to cut benefits by 19 percent. But what if…
What is your magic retirement number?
Have you established a “magic number” you will need to accomplish all your dreams and hopes in your retirement? If so, is it nearly $1.1 million? According to a recent online survey, “On average, Americans believe they need nearly $1.1…
What will Millennials’ retirement look like?
We all have dreams of what our retirement will look like. I know I do. Will yours be traveling the world, improving your golf or pickleball game, or just spending more time with your loved ones? Whatever it is, each…
Why working longer is a risky plan
More Americans are considering postponing retirement. According to a new survey from F&G Insurance Company, 70 percent of workers have thought about delaying their retirement date. Why? Almost half of the survey respondents cited “fears of not having enough money…