It’s not enough to simply save. If you want the retirement lifestyle you desire, you have to maximize your 401(k) savings. According to a newly published report, Americans are contributing more to their 401(k)s than in previous years. Fidelity® 2019 Retirement Analysis reports the average 401(k) balance saw a 2% increase from $103,700 in Q1… Continue reading 4 Ways to Maximize 401(k) Savings
Whether retirement is a few years or decades away, it’s important that investors do what they can to maximize their 401(k) account performance. Here are 7 401(k) mistakes investors should avoid if they want to potentially have more income at retirement. #1 Not Regularly Reading Your 401(k) Statements Many employees are apathetic about… Continue reading 7 401(k) Mistakes Every Investor Should Avoid
Planning for the type of retirement lifestyle you want is important so you don’t retire and realize you’ve underbudgeted retirement expenses. Depending on the retirement lifestyle you want and can afford, some expenses will go down, while others may go up. For example, if you downsize or move to a less expensive city, your housing… Continue reading The Real Cost of Retirement: 4 Most Underbudgeted Retirement Expenses
If you’re in your 40s, 50s, or 60s, and you need to quickly catch up on retirement savings, don’t be discouraged. With planning and a focus on saving and investing, it is possible to make up for lost time. #1 Figure Out How Much You Need If you’re behind on retirement savings and don’t… Continue reading 9 Simple Ways to Catch Up on Retirement Savings
Financial mistakes happen to everyone, but some can cause serious financial troubles that lead to daily struggle and a less than comfortable retirement. Here are 9 financial mistakes women should avoid to ensure financial security… #1 Not Thinking of Retirement Sooner Saving for retirement is a long game. The sooner you start, the better… Continue reading 9 Financial Mistakes Women Should Avoid to Ensure Financial Security
It’s important to know the irreversible and costly 401k rollover mistakes if you want the greatest potential of money in retirement. If you have recently changed to a new employer or you left that job years ago, it’s likely you have some 401(k) retirement savings that accumulated while at your former job. Regardless of how… Continue reading Avoid These 4 Irreversible and Costly 401(k) Rollover Mistakes
Data breaches are terrifying. They are unpredictable and unavoidable. They make us feel vulnerable, powerless, and uneasy. But there are things consumers can do to protect privacy and online data. The Capital One data breach is the latest to hit the news. In late July, Capital One announced a data breach that affected 100 million… Continue reading Data Breaches: 6 Things Consumers Can Do to Protect Privacy and Online Data
Saving and investing for retirement cause stress and anxiety for many Americans. If you’re concerned you aren’t saving enough or aren’t making the best investment choices, keep reading for 3 ways to alleviate retirement savings stress and meet your goals. #1 Put a Retirement Saving Plan in Place If you’re currently saving for retirement and… Continue reading 3 Ways to Alleviate Retirement Savings Stress and Meet Goals
The three-legged stool of retirement is a term the financial industry once used to describe the three common sources of income that, when combined, would provide people a secure retirement. The three legs are… Social Security Pensions Personal Savings Much like a stool, each financial leg was meant to carry its weight to support people… Continue reading What Happened to the Three-Legged Stool of Retirement?
There is a growing retirement crisis in America. Financial experts are alarmed, and even Congress has taken up legislation to “fix it.” According to a Bankrate survey earlier this year, one in five American adults have nothing saved for retirement or emergencies. 20 percent of Americans have saved 5 percent or less of their annual… Continue reading Retirement Crisis in America: Why Are So Many People Unprepared for Retirement?
