The lifecycle of professionals includes copious amounts of time working hard, saving money, planning for retirement, checking investments, and eventually – once amassing enough money – riding off into the sunset with the guarantee of a successful retirement transition. Sadly, this is often not the case. Society tells us that a fulfilling retirement is hinged… Continue reading Four Ways to Diversify Your Emotional and Psychological Portfolio for A Successful Retirement
Tag: retirement planning
4 Tips for Your Retirement Planning as a New Year Brings New Hope
COVID-19 took a heavy toll on the U.S. economy in 2020, causing millions of job losses and forcing many businesses to close. It also affected lots of retirement plans in the process. A survey by the Pew Research Center found that 36% of Americans who save regularly are saving less because of the pandemic, and… Continue reading 4 Tips for Your Retirement Planning as a New Year Brings New Hope
Ready to Retire? 5 Steps for Getting a Good Night’s Sleep After the Paychecks Stop
Those early days of retirement can be exciting as you are finally rewarded with a little rest and relaxation after all those years of toil. But it can be a bit unsettling as well when the regular paychecks you counted on stop appearing in your bank account. That’s why anyone who’s still a few years… Continue reading Ready to Retire? 5 Steps for Getting a Good Night’s Sleep After the Paychecks Stop
Rising Annuity Rates Benefit Retirement Portfolios
Annuity rates have gone up a bit recently, according to AnnuityAdvantage’s database of 290 fixed annuities from 35 insurers. They currently pay up to 3.40 percent for a 10-year annuity, up to 3.15 percent for a five-year contract, and up to 2.10 percent for a three-year annuity. Financial planners recommend splitting your investments among equities… Continue reading Rising Annuity Rates Benefit Retirement Portfolios
Are Women Prepared for Life Alone as They Age?
The trends are clear – as women age the odds are they will be living alone, largely because of either divorce or widowhood. What may be less clear for many of them is whether they are prepared for that life alone – both emotionally and financially. Although both men and women could live three or… Continue reading Are Women Prepared for Life Alone as They Age?
It’s Outcome, Not Income, That Should Be Stressed In Retirement Planning
Most Americans are pessimistic about how well off they’ll be financially when they reach retirement. People have a lot of worries and that’s understandable. Their savings may not be what they hoped for. Pensions for most people are a thing of the past. And many are uneasy about the future of Social Security. A Gallup… Continue reading It’s Outcome, Not Income, That Should Be Stressed In Retirement Planning
3 Tips To Help You Navigate The Treacherous 401K Waters
A 401K is the primary retirement-savings vehicle for many Americans. Yet despite the 401K’s importance, the average participant’s only investment strategy is to plow money into the accounts – then do nothing. People rarely if ever make changes to the investment selections their plans offer. I’ve known people who had the money in the same… Continue reading 3 Tips To Help You Navigate The Treacherous 401K Waters
Don’t Let These 5 Missteps Trip Up Your Plans For Retirement
About 10,000 Americans retire each day and millions more are lined up right behind them, waiting for the day when they can finally enjoy a little relaxation after a lifetime of toil. But many of those people could be headed for retirement disaster if they don’t develop a better understanding of what their financial needs… Continue reading Don’t Let These 5 Missteps Trip Up Your Plans For Retirement
The 6 Most Costly Retirement Plan Mistakes
The percentage of Americans who won’t have enough money in retirement has barely budged in several years despite rising stock and real estate markets. “That means far too many folks are going to be forced to choose between putting food on the table and paying for the medical care they need,” Pamela says. How is… Continue reading The 6 Most Costly Retirement Plan Mistakes
Can We Make Retirement Planning Easier?
For most people, addressing retirement issues is a costly, abstract and deeply psychological matter, which is apparent from a survey by Schwab Retirement Plan Services. While most survey participants find their 401(k) – a workplace savings plan that lets employees invest a portion of their paycheck before taxes are taken out – a crucial benefit,… Continue reading Can We Make Retirement Planning Easier?
Is Your Financial Advisor Missing Something?
There are plenty of good folks serving as financial advisors, says Mark Roberts, ChFC, FIC, who has worked in the industry for more than two decades. “Many of my colleagues form pleasant relationships with their clients and seem to really care about the client-advisor professional relationship. Unfortunately, that’s not enough,” says Roberts, who founded Affinity… Continue reading Is Your Financial Advisor Missing Something?
Working Out A Safe Money Strategy
As people creep into the retirement “red zone” – those years just before or right after they retire – it becomes more important than ever that they find ways to keep their savings safe. Because at that point, their retirement picture will change significantly only if they lose a lot of money, says Chris Bennett,… Continue reading Working Out A Safe Money Strategy