If you have a 401(k), chances are you’ve been advised by a fund manager or your company’s plan representative to invest in target date funds–also referred to as retirement date funds and lifestyle funds. Or, perhaps when you signed up for your plan, you were automatically enrolled into a target date fund (such as 2030,… Continue reading Are Target Date Funds Good Or Bad?
In order to avoid stress and worry that come in the 40s and 50s from lack of planning (and working your plan), here are 5 ways you can jumpstart your retirement savings after 30. #1 Have a Plan for Retirement The 30s bring about major life events such as marriage, kids, a new house, and… Continue reading 5 Ways to Jumpstart Retirement Savings after 30
Chances are, at some point in your life, when you thought about retirement, you imagined playing tennis or golf in the mornings, long lunches with friends, or traveling to places you never had time to visit. There’s nothing wrong with these activities. But after a while, doing the same thing day in and day out… Continue reading 7 Ways to Live a More Fulfilling and Happy Life in Retirement
The question of how to maximize 401(k) retirement savings is one we get asked frequently. Whether you’re in your late 20s or early 60s, it’s an important question to ask because if you aren’t thinking about your financial future, no one else will. According to the Wall Street Journal, more Americans are reaching retirement age… Continue reading How to Maximize 401(k) Retirement Savings at Any Age
If you’re behind on your retirement savings and are unsure how to make a difference at this point in your life, it’s easy to want to give up. The truth is, with planning and determination, it is possible to enjoy a comfortable retirement. Just follow these 5 steps below, and you’ll be amazed at what… Continue reading 5 Ways To Catch Up on 401(k) Retirement Savings after 50
Saving for retirement if you’re over 40 brings up a key concern: Will I have enough money to retire based on what I’ve saved thus far? Reports that have flooded the news lately paint a bleak outlook for millions of Americans’ retirement income. Most people in their 40s are at their peak earning potential. Yet,… Continue reading 3 Tips for Saving for Retirement After 40
If you’ve read the headlines lately, you know there is a retirement crisis in America. According to a recent survey conducted for Bankrate by SSRS, 1 in 5 American adults have nothing saved for retirement or potential emergencies.¹ 20% of those surveyed have saved 5% or less of their annual income. Less than a third… Continue reading 4 Things to Do Right Now If You Haven’t Looked at Your 401(k) Account in the Last 3 Months
As an investor, the only thing guaranteed is changing market conditions. So why would you invest your hard-earned savings into your 401(k) or other workplace retirement account and then forget about it? After all, the investments you initially chose to help you meet your retirement goals–whether that was 20 years ago or 2 years ago–may… Continue reading #1 401(k) Mistake That May Cost More Income at Retirement
#1 Not Having a Plan for Retirement If you don’t have a clear path to where you want to be in retirement, you’re probably not going to end up there. This may sound obvious, but many people fail to set a plan for retirement. For some, it may be because they think their account balance… Continue reading 7 Retirement Investment Mistakes to Avoid and What to Do Instead
Contrary to what some investors believe, a 401(k) plan is not a “set it and forget it” program. It’s just like driving cross-country. If there is a roadblock or other obstacle preventing you from reaching your destination, you need to make the appropriate changes in order to stay on course.So, if you’ve set up a… Continue reading 3 Simple Actions That May Maximize Retirement Investments in 2nd Quarter
