savings
Worried About Retirement Finances? So’s Your Employer!
Retirement research firm TIAA recently concluded that employers–as sponsors of retirement plans–share their employees concerns about financial security in retirement. Of particular note is the level of concern about the health care costs in later years. In a post on…
Retirement Savings Options Getting Increased Attention?
A post on www.law.com by Joseph N. Frabizzio examines what appears to be an uptick in legislative interest in retirement savings plans, citing the recently-introduced Retirement Enhancement and Savings Act of 2018 (RESA, S. 2526) as an indicator that “savings for…
So, you want to be a millionaire at retirement? Here’s a pathway to getting there.
The statistics…and the news reports covering those statistics…seem to be relentlessly stressing how financially unprepared future retirees are. And to further compound the confusion, just about every few days we see a new projection of how much you’ll need to…
Navigating Financial Obstacles in Retirement
It can be a mine field, this process of building and managing a solid retirement financial picture. In fact, this mine filed is strewn with obstacles that can derail one’s financial plans quickly. Fox Business reporter Leia Klingel, in a post…
No 401k? Don’t Give Up…You Still Have Options
The problem of inadequate wealth accumulation for one’s future retirement security is an issue appearing frequently–some would say constantly–in the financial media these days. You’ve no doubt seen the statistics, like the National Institute on Retirement Security’s conclusion that 66% of people…
Young Workers…Listen Up!
One of the most frequently-observed shortcomings in planning for retirement finances is the absence of a nest egg sufficient to support a desired lifestyle. If you’re at the brink of that life phase, there are few options available to you,…
Concerns Over Longevity and Financial Sustainability Growing
According to a recent Allianz study, “66% of Americans aged 45 to 65 with over $400,000 in retirement savings on average feel they’re at risk of running out of money during their golden years. And 61% think they’ll need to keep…
Social Security’s Gradually Declining Buying Power…And What You Can Do About It
The Motley Fool’s Maurie Backman, in a post on wcfcourier.com’s BUsiness page, highlights the 34% drop in buying power social Security beneficiaries have absorbed over the past 18 or so years, explaining the impact this has had on those reliant on this…
Homestretch Thinking for Retirement
If you’re in that period of marking off the days, weeks, or months until pulling the plug, that’s a good time to take stock of just how prepared you are. The Motley Fool’s Maurie Backman maps out a series of preliminary…
Losing Track of Financial Resources–A Growing Problem?
In a post today on professionalpensions.com, senior correspondent James Phillips reports on the results of a recent study concluding that a disturbing number of savers have lost track of pension accounts they’ve accumulated along the way. Phillips’ post notes that “(n)early two-thirds…