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
With company pensions disappearing, Americans are now more responsible than ever for creating their own “personal pensions.” Whether it’s a 401(k) or other workplace retirement plan, IRA, or other form of savings, it’s up to you to create your own retirement income. And if you aren’t thinking about your retirement income now… If you… Continue reading More Money at Retirement: How to Spend Tax Refunds Wisely
