Grandma and Grandpa have some stern advice for the younger generation: learn from their mistakes. Now that they've reached retirement, they're finding that a lack of funds is their biggest dissatisfaction, and they strongly urge younger Americans to open a 401(k) or IRA as soon as possible and fund it as much as possible.
Investors limit themselves when they buy into these retirement myths. The good news is that with a little education, a little work, and a little patience, investors can achieve the retirement goals that are right for them.
With the improving economy, consumer confidence and spending are going up. But so are lifestyle inflation and its evil sister DEBT. At the same time, the recent stock market turmoil has quickly reminded people that investing isn't always easy.
You might assume that your retirement expenses will be lower than your current cost-of-living. But -- we're sorry to say -- that idea might not be correct.
As employers consider the future of their organization, managing talent is a critical component to success. Why aren't more employers offering phased retirement programs?
While it is encouraging that participants understand the importance of professional 401(k) advice, just 12 percent of those with access to it are actually using it - meaning the vast majority are missing out on critical guidance.
The Northeast and Rust Belt are deemed the worst. Among the endless lists of where Americans should retire, a finance website is throwing its hat in the ring with the novel concept that says the best places to retire are exactly the places where so many have already chosen to retire.
Taking an accounting of liabilities and expenses -- ie. what's owed -- is an essential first step to taking full financial control. In the case of divorce, which spouse will continue to pay for certain expenses is typically decided in the settlement.
There are a number of ways in which coordinating benefits with your spouse could put a few more dollars in your pocket over time, so it's worth looking at the options and running a few scenarios before deciding when to collect.
Many novice investors often think being a successful investor is just about picking the "best" investments and maybe even timing the market perfectly. Realistically investing is about making smart decisions and avoiding making the big mistakes that can drag down you long term returns.
I have recently seen a spate of advertisements from "Securefamily.org." that attempts to discredit the work being done on pending fiduciary rules and ...
So-called "smart beta" is having a day in the sun. Pioneered by the very smart Rob Arnott, the basic idea is: don't invest in an index weighted by market cap -- invest in one that weights according to a non-market fundamental value measure, or even equally.
For retirees, the well-known phrase, "cash is king," takes on a special meaning. Without a regular paycheck, creating your own cash flow is up to you. And how well you handle that cash can mean the difference between a financially comfortable or stressful retirement.
Have you figured out how much money you need for retirement yet? If you answered "Yes", then you're preparing for your post-working years. But even ...
The recent Wall Street roller coaster should be a wakeup call for those counting on their 401(k) for retirement funds.
If you're wondering what the deal is or why you should make the switch from your big bank, you're already halfway to making a very smart decision.