Women often don’t score as well as men in surveys of financial literacy. One area where we seem to do better is “longevity literacy,” or understanding how long we’re likely to live. Longevity literacy is essential to smart retirement planning. Overestimate your longevity, and you could retire too late or scrimp too much. Underestimate it…
You’ll Probably Live Longer Than You Think
June 12, 2023
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How to Plan for Saving Money Each Month
What are your plans for your retirement years? According to the 2022 Transamerica Retirement Survey, the top two retirement goals are “traveling” and “spending more time with family and friends.” But to reach those goals, you’ll need to know how to plan for saving money. Unfortunately, over half (55 percent) of Americans admit they’re behind…
The Savings Game: The Advantages of Life Insurance Over Retirement Accounts
By Elliot Raphaelson From Tribune Content Agency Although Ed Slott (IRAhelp.com) is an expert in IRAs and other retirement plans, he consistently points out that permanent life insurance has significant advantages for long-term retirement planning. The ramifications of the SECURE Act of 2019 only magnify these advantages in contrast to investing through taxable retirement accounts….
Decisions You Must Make Before Retiring
Sooner or later, you will want to retire. When you do, you will want to ensure that you are both comfortable and healthy during that time so you can enjoy it. The Department of Labor (DOL) says the average length of retirement for Americans is 20 years. This much time requires that you do some…
The Problems You May Cause If You Max Out Your 401(k)
If you have a 401(k) through your employer, you have a good way to prepare for retirement. It is even better if your employer is giving you matching contributions. This fact alone can make investing in a 401(k) a worthwhile investment. Still, there are some things you need to think about before maxing out your…
How Job Hopping Can Impact Your Investment Strategy
Americans are shifting jobs faster than ever before. According to the Harvard Business Review, the average monthly quit rate has been on the rise since 2009, a trend that came to a head with the “Great Resignation” of 2021. This trend is impacting how many professionals approach their investment strategy. For the American workforce, the…
6 Retirement Planning Issues Most People Make and How To Avoid Them
If you’re thinking about your financial future, retirement planning is one aspect you can’t overlook. But retirement planning is one of the most difficult financial tasks, as it came with some issues. Your ability to save can be impacted by your salary, debt, expenses, etc. Plus, there is no one-size-fits-all approach to retirement. To build…
The 7 Retirement Planning Mistakes You Can’t Afford to Make
Unless you’re a financial advisor, the idea of planning for retirement probably doesn’t get you excited. However, if you want to enjoy a comfortable life down the road, you have to be intentional about this aspect of personal finance. It doesn’t seem urgent when you’re 25, 35, or even 40, but it’ll be critically important…
How to Choose (A Great) Financial Advisor
Choosing a financial advisor can be a daunting task. Personal finance is not an enjoyable topic for most, so many people decide to hire someone to work out their finances for them. Selecting a good financial advisor can save you money and put you in a better position to focus and achieve your financial goals. There are…
7 Mistakes You Are Making About Retirement
June 12, 2022
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How’s your retirement fund looking these days? For 40 percent of non-retired adults, they believe that their retirement saving is on track. But, for the other 60 percent of people? They don’t feel this way. To be fair, those who feel that their financial future isn’t looking too bright didn’t intentionally sabotage their retirement. Instead, they just made some mistakes…
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