Unmarrieds need to approach retirement planning pragmatically. In an ideal world, it would be simple to prepare to retire single. You would just save half as much as a couple saves, buy half as much insurance coverage, and expect to live on half the income. Reality dictates...
A lack of money is but one answer. Common wisdom says that you should start saving for retirement as soon as you can. Why do some people wait decades to begin? Nearly everyone can save something. Even small cash savings may be the start of something big if...
Take these financial lessons to heart. Provided by Kevin Nast You have a chance to manage your money better than previous generations have. Some crucial financial steps may help you do just that. Live below your means and refrain from living on margin. How much do you save...
Many plans need refining. Others need to avoid conflicts with Department of Labor rules. At times, running your business takes every ounce of energy you have. Whether you have a human resources officer at your company or not, creating and overseeing a workplace retirement plan takes...
What number should you strive to reach? It is agreed that the earlier you start saving for retirement, the better. The big question on the minds of many savers, however, is: “How am I doing?” This article will show you some rough milestones to try and...
After many years together, some retired spouses may find their daily routines far apart. When you see online ads or TV commercials about retirement planning, do they ever show baby boomer couples arguing? No. After all, retirement planning is about the pursuit of a happy outcome...
Changing your behavior may help you improve your financial picture. Many of us plan thoughtfully for all kinds of life goals. Yet many of us spend impulsively, using our money on the moment rather than saving or investing it for the future. This last recession caused us...
A retirement transition might call for a shift in your investment approach. Time passes … and priorities change. When you approach retirement, your investment mindset may have to be modified. If you are in your thirties or forties, the goal is accumulation – investing and saving...
A way to reinvest the lump sum you’ve saved for retirement. As retirement approaches … money decisions become increasingly major. One big decision concerns what to do with the money in your company retirement plan. … Consider a direct rollover. For most people, the most attractive option...
Will it make a difference in the quality of the advice they receive? Next year, the Department of Labor is scheduled to introduce new rules regarding retirement planning. Under these rules, any financial services industry professional who makes investment recommendations to workplace retirement plan participants or...