Browsing Category Finance



Will My Retirement Savings Support Me for 30 Years?

What's the best investing and withdrawal strategy to provide me a retirement income that will last 30 years? --Matt Clearly, the way you invest your savings and the amount you withdraw each year are both important in determining how long your retirement assets will last. Invest too aggressively and your nest egg might suffer losses so devastating ...

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401(k) Plan Shortcomings Failing As Retirement Income Program

The current “retirement plan” of choice – 401(k) plans – really aren’t true retirement income plans. While they can be great for accumulating savings, most 401(k) plans don’t do much to help older workers decide if they have enough money to retire, or how to convert their hard-earned savings into a retirement paycheck. Americans need more ...

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3 Bills to Pay off Before You Retire

It’s one year till retirement, and the clock is ticking. Sure, you knew better than to pay for junior’s $30,000-a-year college tuition, but you did it anyway because he’s a good kid, and, as parents, we want to give them a head start, right? Now, the looming mortgage balance and the credit card debt (that vacation to ...

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Avoid these 5 mistakes as you get ready to retire

The biggest regret those of us in our 50s and 60s have about our later years is not having planned early enough for our retirement years. The second biggest regret, based on my conversations with peers, is having done something we shouldn’t have. I guess sometimes for success in life, it’s not what we do ...

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4 Ways to Protect Yourself from Inflation in Retirement

One problem with being a retiree on a fixed income — it’s a fixed income. But living costs rise with inflation, so you’ll want your investment income to do so, too. How can you? I’ve talked with a few smart financial advisers and will share four of their suggestions. I realize inflation, overall, isn’t much to worry ...

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6 Ways to Make Your Retirement Savings Last

Planning for retirement these days can be daunting. Most 65-year-old baby boomers can expect to live to the age of 84.3 years if they’re men and 86.6 years if they’re women, according to the Social Security Administration. However, a Retirement Confidence Survey conducted in 2016 by the Employee Benefit Research Institute found that 54 percent of ...

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