retirement
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The $25 solution suggests a financial expert with a ‘start where you are’ approach to get you on a path to retirement
MILLIONS of Americans are heading to retirement, and not all of them have a personal advisor. An influencer and certified retirement advisor recently shared his...
MILLIONS of Americans are heading to retirement, and not all of them have a personal advisor. An influencer and certified retirement advisor recently shared his savings advice with The U.S. Sun. Drew Blackston regularly meets with pre-retirees to discuss their paths forwardCredit: YouTube/yourfinancialekg His retirement advice videos have earned him more than 17,000 subscribersCredit: YouTube/yourfinancialekg... -
Savings and Retirement Take a Hit in 2023? 5 Moves To Make Now So It Doesn’t Happen Again
If you had to use your savings or dip into a retirement account to cover expenses last year, you’re not alone. According to Fidelity Investments,...
If you had to use your savings or dip into a retirement account to cover expenses last year, you’re not alone. According to Fidelity Investments, hardship withdrawals from 401(k) accounts have tripled in the last five years, with 6.9% of plan participants withdrawing money in 2023 to cover an emergency cost. The report states that... -
Here’s Why You Should Continue Investing After Retirement
A tour bus passes the Wall Street bull in the financial district of New York City. Getty Images As yields have risen from their historic...
A tour bus passes the Wall Street bull in the financial district of New York City. Getty Images As yields have risen from their historic lows, many retirees ask me if they should put all their savings in T-bills. This movement even has a name: T-bill and Chill. Moving to the safety of U.S. government... -
How To Best Manage Your Money In Retirement
Manage your money to last the rest of your life. getty If you don’t want to outlive your money in retirement, then you’ll need a...
Manage your money to last the rest of your life. getty If you don’t want to outlive your money in retirement, then you’ll need a plan to make your money last for the rest of your life, no matter how long you live. Otherwise, with no plan, you’ll need to count on hope and luck,... -
For women who stay single, the pressure is higher to save more for retirement
For Vadaire James, a wellness counselor from Winston-Salem, N.C., being single is fine — especially right now while she is helping care for her octogenarian...
For Vadaire James, a wellness counselor from Winston-Salem, N.C., being single is fine — especially right now while she is helping care for her octogenarian parents. What nags at her, though, is what her life will look like when she’s their age. “I moved here six years ago from Washington, D.C., to help support my... -
Unveiling The Hidden Benefits Of HSAs For Retirement Planning
If you are enrolled in a High Deductible Health Plan (HDHP) and are eligible for a Health Savings … [+] Account, it is prudent to...
If you are enrolled in a High Deductible Health Plan (HDHP) and are eligible for a Health Savings … [+] Account, it is prudent to consider the benefits of such an account for retirement Getty Images It’s no secret that Health Savings Accounts (HSAs) are intended to help with the burden of medical costs, allowing... -
Secure the the Life You Want: 7 Questions To Ask Before Retirement (It’s Not Just About Savings)
Life can pass quickly when you are occupied with work, family matters, and the never-ending to-do list. Before you know it, your retirement years have...
Life can pass quickly when you are occupied with work, family matters, and the never-ending to-do list. Before you know it, your retirement years have arrived sooner than expected. No matter your age, you should take time to reflect on what a fulfilling retired life means to you? Many people simply say “I want $1... -
Americans Are Worried About Retirement Savings, And They Should Be
More than half of Americans are worried they cannot achieve financial security in retirement. Getty Images This week is America Saves Week, a time to...
More than half of Americans are worried they cannot achieve financial security in retirement. Getty Images This week is America Saves Week, a time to focus on actions Americans can take to successfully save. When it comes to saving for retirement, Americans are feeling pessimistic. In a recent nationwide survey of working age Americans, 79... -
Part D Plans Ramp up Restrictions on Medications – Center for Retirement Research
The Inflation Reduction Act signed by President Biden in 2022 somewhat limits how much retirees will pay out of their own pockets for medications this...
The Inflation Reduction Act signed by President Biden in 2022 somewhat limits how much retirees will pay out of their own pockets for medications this year. Next year, the law imposes a hard cap of $2,000. But while retirees are getting a reprieve from Congress, insurance companies are pushing in the opposite direction. According to... -
Americans concerned about saving money for retirement
(CBS, KYMA/KECY) – Many Americans are concerned about saving enough money for retirement…and inflation is playing a big role in those calculations. According to a...
(CBS, KYMA/KECY) – Many Americans are concerned about saving enough money for retirement…and inflation is playing a big role in those calculations. According to a recent study from Northwestern Mutual, U.S. adults believe they’ll need about $1.5 million to retire comfortably. That’s 53% more than people thought they needed just four years ago. CBS News...