Like many Americans, Chris Gray got into financial trouble when he accumulated large medical expenses — in his case, for hip surgery four years ago. “The medical bills just start piling up, especially if you can’t work,” said Gray, a 37-year-old Phoenix resident who works in sales and delivery for a flooring company. “You burn […]
When it comes to retirement planning, savings often dominate the discussion. But saving for retirement is only part of the picture. Establishing an income plan for retirement — one that addresses how and when to translate those savings into income — is just as important. There is no one-size-fits-all solution for achieving this balance. However, […]
Roughly 20% of Americans say saving for retirement is their most important financial goal, according to a recent survey from financial services company LendEDU. That’s the good news. The bad news is that too many people think this goal is out of reach. Approximately four in 10 workers admitted they don’t think they’ll ever be […]
While Americans are struggling to save Opens a New Window. , they are also living longer lives, which can put a big strain on retirement Opens a New Window. savings. On average, about half of Americans are on track to experience a potential shortfall covering essential expenses in retirement, according to Fidelity Investments. A new […]
We’re busier than ever these days. Constant notifications, work travel, kids’ activities and other important tasks are often competing for our immediate attention. Amid our packed schedules, it can be easy to set our finances on autopilot. If you can relate to this feeling, know there are several simple steps you can do in 10 […]
When you break it down, saving for retirement is fairly straightforward: Set aside a portion of your earnings each year, invest for a long-term time horizon, be patient, and grow your wealth. While this is obviously an over simplification, saving for retirement – at least from an investment standpoint – is pretty simple. It’s when […]
Citizens of the world! The press is misleading you on retirement savings! A worrying new study from the World Economic Forum predicts that “retirees might run out of money 10 years before they die,” according to Bloomberg News coverage. The World Economic Forum calculates that the average 65-year old American has only enough savings to […]
Throwing away the alarm clock. Skipping the commute. Traveling the country – or the world. These are the things many people think about when planning their retirement – or, more aptly, what I like to call the “vacation” part of retirement. While it’s entirely understandable that these aspects of retirement can be motivating or enjoyable […]
While Americans are struggling to save Opens a New Window. , they are also living longer lives, which can put a big strain on retirement Opens a New Window. savings. On average, about half of Americans are on track to experience a potential shortfall covering essential expenses in retirement, according to Fidelity Investments. A new […]
Many Americans haven’t saved as much money as they need for retirement — and the gap is expected to widen dramatically in the next 30 years. The retirement savings gap — between what people have and should have — was $28 trillion in the U.S. in 2015, but by 2050, it’s expected to swell to […]
The House of Representatives recently passed a bill that may complicate retirement planning options for Americans. The House passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 on May 23. If enacted into law, it could be tricky for Americans who are not financially savvy investors. Some of the changes could […]
On the surface, it sounds like an absurd question. How could finally reaching the most highly anticipated phase of life turn you into a liar? Whats more, I’m not talking about it causing people to start telling little white lies or harmless fibs. I’m talking about bold-faced lies. Retirement lies come in a variety of […]
