Tag Archives: Retirement

If there’s one personal finance tactic that almost everyone agrees on, it’s the value of saving for retirement, or at least saving for your second act. There will come a point where you will no longer want to or will no longer be able to do the work that you’re …

Photo by pathdoc / Shutterstock.com When it comes to planning for retirement, Americans have some basic facts wrong. In fact, shockingly wrong. Fidelity Investments’ 2021 State of Retirement Planning Study revealed three huge misunderstandings about investing and retirement that working-age Americans widely share. All of these errors could prove costly …

Photo by Krakenimages.com / Shutterstock.com Countless workers scrimp and save for years with the goal of enjoying a comfortable retirement. Many of those folks do not abandon their penny-pinching ways once their golden years finally arrive. Surprisingly, fear of running out of money is not the No. 1 factor that …

EdBockStock / Shutterstock.com A secure retirement is in your hands — and nobody else’s. For better or worse, we all have to finance our own retirement. Sure, Social Security and Medicare will help. But workplace pensions are rare, and few will inherit fortunes from their parents, or anyone else. Fortunately, …

Photo by LightField Studios / Shutterstock.com Some people view retirement as something that should be delayed as long as possible. They say that, for many older workers, waiting as long as possible to collect Social Security benefits is the prudent choice. Important as this advice is for many of us, …

Photo by fizkes / Shutterstock.com There is a growing threat to your retirement savings, and you probably are not aware of it. Thieves increasingly are targeting individual 401(k) accounts by impersonating the account owners so the crooks can steal thousands — or even hundreds of thousands — of dollars. Heide …

Rawpixel.com / Shutterstock.com Funding your own retirement is intimidating. Many of us feel unprepared for the task of managing our money, and that makes the job doubly difficult. And yet, for a great many people, there’s no choice. Like it or not, our ability to live comfortably in old age …

Twenty-twenty has taken its toll on the average retirement savings, according to a new study by Kiplinger’s Personal Finance magazine and Personal Capital, an online financial advisor. More than half of Americans are dipping into their savings, with 60 percent using their IRAs and 401(k)s to get them through the …

kurhan / Shutterstock.com When you retire, you will have some major expenses. Do you know what they are? Food, groceries and utilities will probably take their fair share of your budget, as they did during your working years. But what are you missing? Following are some retirement costs that people …