savings
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…
Retirement Planning
Let’s explore how long $750,000 in savings plus Social Security will last. Read the numbers crunched by Donna LeValley for Kiplinger here… The link provided above connects readers to the full content of the posted article. The URL (internet address) for…
Do you need all those things in retirement?
As you are planning the next stage of your life, you need to take stock of your possessions to make sure what you have is necessary for the next phase of your life. Joseph Eck, CFP, advises his clients to…
How many Americans will rely solely on Social Security
Will Social Security alone provide you with enough income in your retirement? In a recently released report from NerdWallet, 30 percent of Americans said their Social Security benefits will provide enough money to live on during retirement. Alessandra Malito asks:…
Why retirement savings have stalled
Nearly nine out of ten people age 65 and older were receiving a Social Security benefit as of June 30, 2024. Among those beneficiaries age 65 and older, 12 percent of men and 15 percent of women rely on Social…
Aim to be less reliant on Social Security COLAs
The official 2025 COLA will be released by the Social Security Administration (SSA) in mid-October 2024, usually around October 15th. However, the announcement may not be what seniors are hoping for. Why? Experts estimate a lower COLA than the previous…
Alternate Sources of Retirement Income
Social Security is not enough to live on, so a mix of income resources makes sense. Gabrielle Olya for Go Banking Rates explains here… Notice: The link provided above connects readers to the full content of the posted article. The URL (internet…
Unexpected costs in retirement
Planning for your retirement is not easy. You must not only account for the costs of everyday things such as housing, insurance, and traveling but also those unexpected costs you may encounter during your retirement that may impact your financial…