Retirement

3 Simple Steps to Maximize Your 401(k)

If you’ve just landed your first “real job” after graduation, or you’re still fresh in your career, retirement might be the last thing on your mind. Whether or not you want to think about it, getting hired often comes with a golden opportunity to get on track for retirement. If your job comes with the […]

Retirement

What to Do in Retirement – Tips to Reduce Retirement Stress

Retirement isn’t akin to parking gently and hanging up the keys. Instead, as we are living longer and spend more time retired, the period lets us move to the left lane and proudly rev the engine. Yet, retirement remains a significant source of tension for older people. Let’s do our part to reduce that a […]

Retirement

A Millennial’s Guide to Retirement Planning

Building a strong and secure retirement plan is a necessity shared by all generations. Just like each generation that came before, millennials face a unique set of challenges (and advantages!) when planning for retirement. In 2008, this generation witnessed a devastating recession hit right in the middle of their coming-of-age years. Unemployment rates shot up, […]

Retirement

Important Retirement Ages You Need to Know: Retirement Timeline

When one thinks about their retirement, images of lounging poolside while sipping on a tropical beverage often come to mind. But retirement is not all relaxation and leisure. Before reaching this important milestone, there are other benefits occasionally neglected. Here are a few target dates to remember when approaching retirement. 50 When you turn 50, […]

Retirement

Retirement and Relationships: How to Prepare Your Relationship for Retirement

Retirement is both an exciting and a confusing time. Many aspects of your life are totally rearranged — especially routines, roles, and responsibilities. Add to that spending a lot more time with your partner and the potential for problems skyrockets. When a couple does not talk about their expectations for the big and little areas […]

Retirement

Longevity Annuities As An Income Stream for Retirement?

The biggest worry about retirement boils down to this – will I outlive my savings?  As lifespans increase, building and managing a nest egg that can sustain a long life can be an overwhelming task. A recent TIAA-CREF survey found that running out of money was the principal concern (45%) for individuals nearing retirement. To […]

Retirement

401(k) Employer Match: Are You Saving Enough for Retirement?

Tax-advantaged 401(k) plans have provided a means for millions of retirement savers to build a nest egg. A 2013 survey by Aon Hewitt found that 401(k) plans are the primary way workers save for retirement. Yet, Americans are passing up $24 billion dollars of free money annually by not contributing enough to receive a full employer […]

Retirement

Cut the Apron Strings to Fulfill Retirement Dreams

Do children influence your ability to retire? The answer depends on how much you support them financially. According to the latest findings from Hearts and Wallets, a research firm that tracks retirement trends, only 21 percent of baby boomers who support adult children are fully retired – while 52 percent of boomers who don’t financially […]

Retirement

Financial Literacy in Older Adults: The Importance of Financial Planning

Growing older doesn’t mean getting wiser when it comes to financial decision making, according to recent research. At an age when baby boomers are responsible for managing their retirement assets and distributions, and making complicated decisions on Medicare and Social Security, they could also face a decline in their mental performance and financial literacy. Two […]

Retirement

Retirement Planning Beyond Finances: Are You Emotionally Ready for Retirement?

What do you picture when you imagine your retirement? Maybe you haven’t given it much thought beyond the aspect of solidifying your finances. Or perhaps you have a long list of interests and goals you plan to tackle once you leave the working world. Retirement is the beginning of a new chapter of life and […]