The retirement landscape is undergoing significant changes, driven by various factors reshaping the industry. From the growing retirement savings gap to an aging workforce and evolving investment options, retirement planning is facing new challenges and opportunities.
Discover how to manage COLA in your retirement years effectively. Learn about financial strategies such as income diversification, adjusting spending habits, investing in inflation-protected securities, considering long-term care insurance, and seeking advice from financial advisors.
The American economy is significantly stronger today than during the Great Recession. However, persistent inflation and last year’s sharp stock market decline have shaken American workers’ and retirees’ confidence in their retirement prospects to levels not seen since 2008.
Saving for retirement is something that many individuals start doing later in life than they should. It’s not hard to see why.
It is common for Americans to struggle with debt while saving for retirement. According to various surveys and reports, many Americans have an obligation that they are trying to manage while also saving for retirement.
Whether retirement is more than a decade away or just around the corner, you may face significant challenges that will impact your desired lifestyle. Learning more about these potential stumbling blocks and taking steps to mitigate their impact now could make the transition to retirement go more smoothly.
Inflation will eventually cool off, giving you a window of opportunity to increase your contributions to your retirement plan. However, you might be worried that you can’t make the necessary contributions to your retirement account right now. Although inflation may reduce the amount you can save from each paycheck, there is a way to grow your savings.
A retirement portfolio comprised of dividends and structured notes can provide liquidity, income, and risk reduction.
With the U.S. economy on the verge of recession, you may be asking how to build a retirement income portfolio that can withstand the test of time. Like many other pre-retirees and retirees in 2022, you were likely alarmed by the stock market.
Numerous employees anticipate leaving the rigors of the working environment as soon as possible. If you’re a Financial Independence, Retire Early (FIRE) advocate, or simply planning to retire at 62, you’ll need to plan for your retirement years. And this requires you to carefully analyze more than just your money, even if your income is the most important factor.
A lesser refund could be in store for you this year due to changes in IRS tax credits. The IRS has warned that the elimination of tax advantages from the COVID-19 period may cause many Americans to receive lesser refunds or have larger amounts owed on their tax returns this year.