Planning for retirement may not seem like a feasible option for some young adults in today’s economy. While the U.S. job market and economy is slowly recovering from the Great Recession, those in what is known as the “millennial generation,” who were born after 1980, have more debt and lower wealth than their parents had. [...]
Retirement may seem like paradise—endless days of spending time with family, traveling, and, most importantly, not having to be at work eight hours every day. But the ability to retire requires a lot of financial planning. “If you follow good savings habits throughout your career, you will be happier at retirement age,” says Debbie, a [...]
When you are working for yourself, you may not have a human resources person or retirement specialist working for the company with which you are employed to help guide you through your retirement options. You may have to rely on yourself. As a self-employed individual, you have many of the same tax-deferred options as employees [...]
Could the English language be hurting your ability to save for retirement? According to Keith Chen, former Yale University behavioral economist and current UCLA economist professor, it’s very possible that its hurting your retirement savings. English is considered a “future” language, meaning that in order to speak correctly, you have to use a different tense when [...]
One of the most important things you can do for your finances is to prepare for the future. If you want to be able to live your desired lifestyle after you leave the workforce, saving for retirement is a must. While you may not feel as though you have much extra money to save for [...]
There are many tools you can use to make an investment in yourself and your future, including buying stocks and opening your own business. But not every decision you make will be good for you, and it’s important to learn from your—and others’—mistakes. Once you make a bad investment, hopefully you won’t make the same [...]
According to Fraud.org, a project of the National Consumers League, 26 percent of scam victims are aged 55 and older. Lonely or unprotected retirees are easy targets for fraudsters, who often prey on retirees’ need for companionship or cash. “They can be desperate for company, money, or stability, and when people are desperate in any [...]
Planning for retirement is overwhelming, and figuring out how to manage your retirement investments can be the most daunting part of it all. The days of companies offering full pensions and reliable Social Security support are, unfortunately, a thing of the past. The cost of living is higher, and with continued advances in healthcare, people’s [...]
A diverse retirement portfolio should include stocks. While generally considered high risk, stocks have proven throughout history to yield higher returns than bonds or any other investments. Whether you’re just starting your retirement investing or diversifying your portfolio, there are important things to remember before buying stocks on your own. Hire a professional When purchasing [...]
If retirement is on your radar for 2014, it’s important to start preparing to leave the workforce. Retirement is sweet, but it can quickly turn sour if you find yourself bored or, worse yet, on the verge of outliving your retirement savings. To help you ease into retirement, here are three retirement tips you might [...]
