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Category: General Blog

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Over Half of Americans Think There’s a Retirement Crisis

There is a looming retirement crisis.  It’s not a possibility. It’s about to be a reality for many Americans. According to a survey by Clever, “Two-thirds of retired Americans say the U.S. is in a retirement crisis (66%). The average retiree owes $15,393 in non-mortgage debt, and 40% worry they will outlive their retirement savings.”¹… Continue reading Over Half of Americans Think There’s a Retirement Crisis

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How Long Will Your 401(k) Savings Last in Retirement?

Will your 401(k) savings last in retirement?  It’s a question on the minds of a lot of 401(k) investors. Despite that, most people underestimate how much money they will need in retirement. Experts tend to recommend saving 80% of your pre-retirement income. If you and your spouse bring in $120,000 annual income, you should save… Continue reading How Long Will Your 401(k) Savings Last in Retirement?

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The Silent Crisis: Americans’ Reluctance to Discuss Aging Parents’ Finances

There are few things more taboo than talking about money and death.  But, if you are a parent approaching retirement, it is imperative to have the aging parent money talk with your adult children. Unfortunately, this doesn’t happen as often as it should.  According to a Wells Fargo survey, only 38% of Americans with aging… Continue reading The Silent Crisis: Americans’ Reluctance to Discuss Aging Parents’ Finances

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Categorized as General Blog

The Silent Crisis: Americans’ Reluctance to Discuss Aging Parents’ Finances

There are few things more taboo than talking about money and death. But, if you are a parent approaching retirement, it is imperative to have the aging parent money talk with your adult children. Unfortunately, this doesn’t happen as often as it should. According to a Wells Fargo survey, only 38% of Americans with aging… Continue reading The Silent Crisis: Americans’ Reluctance to Discuss Aging Parents’ Finances

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The #1 401(k) Mistake Married Couples Make

In an ideal marriage, both spouses want the best for each other. This includes a comfortable retirement. Unfortunately, there is one 401(k) mistake married couples make without even realizing they are doing it.  It may seem small, but it can make a big impact on your retirement future.  The mistake? Not communicating and clearly deciding… Continue reading The #1 401(k) Mistake Married Couples Make

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Don’t Lose Your Match: The Danger of Ignoring Your 401(k) Vesting Schedule

It’s common financial advice – save enough in your 401(k) to get the company match. It’s great advice (after all, who doesn’t want free money?), but it may not be yours to keep should you change jobs or withdraw from your 401(k). This is because each employer match follows its own vesting schedule. And, if… Continue reading Don’t Lose Your Match: The Danger of Ignoring Your 401(k) Vesting Schedule

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Categorized as General Blog, Retirement Savings, Retirement Tips

When It May Not Make Sense to Roll Over Your 401(k)

May 8, 2023 Contrary to what most experts advise, there are times when it may not make sense to roll over your 401(k). We even advise most investors against leaving behind an old 401(k). However, there is an IRS rule that – if you qualify – may help you have more money and avoid penalties… Continue reading When It May Not Make Sense to Roll Over Your 401(k)