savings
Multifactor authentication is gaining acceptance
People are no longer frustrated about multifactor authentication processes and other security measures on retirement plan websites and mobile apps, according to the latest J.D. Power’s U.S. Retirement Plan Digital Experience Study. Over half of the respondents stated that security…
Financial pressures reshaping retirement planning
Over one-third of employees are withdrawing from their retirement accounts to pay down urgent needs, according to Payroll Integrations’ Employee Financial Wellness Report. Gen Zers are leading the way with 46 percent stating they have taken money out of their…
What to expect from Social Security
The headlines about Social Security insolvency are scary to most Americans. According to a recent survey from NerdWallet, “36 percent of Americans under age 65 don’t think that Social Security will be available to them by the time they retire.”…
You are not too old to start saving
“Better late than never” can be said about saving for retirement. Some people say, “I’m too old to start saving for retirement”, but in truth, you are not. Even if you started later than everyone else, you could start saving…
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,…