It’s important to save for retirement. But when you have a big load of student loan debt hanging over you, it’s hard to find the cash both to make your loan payments and to contribute to a retirement plan. That’s why one employer is looking at a novel way to help employees build up retirement […]
If you’ve been reading up on tax-advantaged retirement accounts such as IRAs and 401(k)s, you’ve probably heard the term “required minimum distribution” tossed around on more than one occasion. Required minimum distributions, or RMDs, are annual withdrawals that must be taken when you house your retirement savings in a traditional IRA or any type of […]
If you’re worried about retirement, you’re not alone. Only 32% of Americans said they were very confident that they could live comfortably throughout retirement, according to the 2018 Retirement Confidence Survey of the Employee Benefit Research Institute. Fortunately, it’s within your power to make some moves now and in the future that can make your […]
Social Security provides tens of millions of Americans with retirement benefits, and the majority of those who receive them rely on Social Security for the bulk of their financial support in retirement. That’s especially true for lower-income workers, who aren’t able to save as much during their careers and therefore have fewer alternative means of […]
There’s no question that Social Security is a cornerstone of retirement income for many Americans. Yet, deciding when to take Social Security benefits is something that many people struggle with. As with most financial decisions, the right move depends on a variety of factors unique to each individual. If you are contemplating when to pull […]
1. You might live a longer life than expected The Social Security Administration (SSA) reports that the average 65-year-old man today will live until 84.3, while the average 65-year-old woman will live until 86.6. These are just averages, however, so if your health is great and you have a family history of longevity, there’s a […]
The basics of annuities are the same no matter what type you purchase: You pay an insurance company a set amount of money in return for regular payments, a guaranteed income that can help fund your retirement. But when these payments arrive, how long they continue, and how big they are all depend on the […]
In some ways, saying that workers favor a four-day week is as obvious as saying that most high school students would prefer the same. Who wouldn’t want a longer weekend and more time to spend with family and friends? Wanting something and being able to make it work, however, are different things. While 72% of […]
As a manager, it’s your job to ensure that your workers are as productive as possible. After all, the better your team’s output, the better you all look collectively. But if you’re not happy with your employees’ performance on the whole, it could be that you’re the reason they’re not as productive as they could […]
Many households come to experience their share of financial challenges over time. Some folks lose their jobs and struggle to find work. Others encounter costly medical issues that cause them to rack up debt. And while these and other financial shocks might easily come out of the blue, the fact of the matter is that […]
If you’re making plans to save for retirement, it makes sense to take advantage of generous tax breaks. There are different kinds of accounts in which you can make tax deductible investments, which effectively amounts to the government subsidizing your retirement savings. IRAs are among those types of accounts. What is an IRA? While many […]
Millions of seniors rely on Medicare to pay for their health-related needs. But many near-retirees make one dangerous assumption: that they’ll be eligible for Medicare coverage the moment they leave the workforce. If you’re wondering whether you can get on Medicare as soon as you retire, the answer is that it depends on when you […]
