Who says you have to wait until your golden years to retire? If early retirement is your dream, then it’s time to explore the exhilarating world of accessing your retirement savings without paying a single penalty. The traditional notion of being bound by age 59-1/2 to tap into your hard-earned funds is a thing of … Read more
The United States is facing a retirement crisis, with approximately 56 million private sector workers lacking any form of retirement savings plan. Failing to have a plan in place can lead to insufficient funds for a comfortable retirement. That’s why having a 401(k) plan if offered by your employer, is crucial. However, knowing the fine … Read more
Recent media attention has focused on Artificial Intelligence (AI); and how students, lawyers, and writers are using this technology to fuel their careers. But what about using AI as a personalized and efficient retirement planning tool? Major players on Wall Street are integrating AI into their decision-making processes, signaling a shift towards AI-based financial advice … Read more
The initial step towards ensuring a financially secure retirement is determining the amount required to live comfortably after leaving the workforce. This figure serves as a target that guides your savings and investment strategy over the years while managing other financial obligations. Various rules exist to estimate the necessary retirement funds; one reliable guideline comes … Read more
Tracking down old retirement accounts is crucial to maximize your savings, simplifying management, regain control over your funds, and demonstrate financial responsibility. With the introduction of the SECURE 2.0 Act, finding these funds will become more easy through a federal database established by the U.S. Department of Labor (DOL). While waiting for the database, there … Read more
While planning for retirement may seem daunting, you don’t have to navigate it alone. Hiring a retirement advisor can provide valuable assistance in creating a retirement plan and ensuring a sustainable income.
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.
The decisions we make within the last three months leading up to retirement can profoundly impact the success and enjoyment of this phase of life.
Explore the financial risks of not servicing debt in retirement and learn strategies to manage and prevent debt during your golden years.
According to a recent Gallup survey shared with CNN, Americans’ confidence in their ability to retire comfortably has reached an 11-year low, reflecting growing economic pessimism. The survey reveals that only 43% of nonretired adults believe they will have sufficient funds to live comfortably during retirement, the lowest level since 2012. This prior year saw a decline of five percentage points in this figure, and it has decreased by ten percentage points since 2021.