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.
Forty is the new 30, 80 is the new 60. It's great that we are living longer, but the financial challenge of living longer may mean not only planning for extended retirement years, but also caring for an aging parent or adult child in ways that can take a solid bite out of any well-laid financial plans.
Us poor financial advisors sometimes get a bad wrap! We are made out to be less than honest in many commercials, advertisements and frankly by our own kind. But some of us aspire to be professionals.
You've celebrated your 40th birthday (or better). Now that you're older and wiser, you decide to start learning about retirement planning. You assume you still have plenty of time. After all, retirement is more than a decade away.
Most say they'd think twice about taking a job without one. Americans love their 401(k)s. We love them so much that the growth in those investment accounts for our retirement is more important than our health.
Since there will always be things threatening the market, it is important that employees focus on the items they can control, such as how much they are saving and their asset allocation, based on their time horizon and tolerance of risk.