Millennials have been coined the “job-hopping generation,” and I’ve contributed to that stereotype. I started my career at 22 and have job-hopped almost every year since. For many of those years, I was young and restless, and there was another part of me looking for more fulfilling work and pay that reflected what I was…
Millennial: Can Job-Hopping Help Retirement Savings?
July 27, 2022
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14 Ways to Stretch Your Retirement Savings
When you’re looking at the fast-approaching years of your planned retirement, you may be thinking about how much you’re looking forward to being free from a daily work schedule. But, if you’re like most folks, you’re also thinking about how on earth you’re going to pay for it all with your retirement savings. It’s a rare…
Retirement Planning is More than Retirement Savings Rates
When we talk about retirement planning, the most common focus is how much we are saving to support ourselves in retirement. Simplifying to one goal is a great way to get started, but planning for retirement requires a lot more than just picking a savings rate. Here are some other considerations to think about when…
10 Ways to Boost Your Retirement Savings (Without Extra Money)
When it comes to retirement planning, that’s the boring advice we’ve been told ad nauseam. And, even though we might be tired of hearing it, saving is indispensable if you want to live comfortably in retirement. According to Fidelity Investments, by the age of 67, you should have 10 times your income saved for retirement….
Average Retirement Savings by Age
How much do you have saved for your retirement? Obviously, the answer depends on everything from your financial situation to retirement goals. And, another consideration? Your age. As an example, in terms of retirement savings and personal savings, Millennials are right smack in the middle when compared to older generations. That’s not too shabby considering…
How You Can Save Money for Retirement
A 2018 study by Northwestern Mutual found that nearly two-thirds of Americans who have a plan to save money for retirement are certain they’ll outlive their savings. Moreover, one in five Americans (21 percent) have no retirement savings at all, and another 78 percent are concerned about not having enough money saved for the future. Here is…
12 of the Cheapest States to Retire
Are you ready to retire from your career but worry that you may not be financially prepared? This is a common concern. The majority of baby boomers have no retirement savings, and 40 percent plan to rely solely on Social Security for their income after retirement. What’s worse, most Americans have no idea how much…
Americans Seeking a Retirement Miracle
Many Americans worry they will run out of money in retirement and it’s getting worse, a new survey shows. Four in ten U.S. investors think that it’s going to take a miracle to be able to retire financially secure. Nearly half (46 percent) of millennials feel this way, according to the 2021 global retirement index…
Americans Seeking a Retirement Miracle, Survey Shows
Many Americans worry that they will run out of money in retirement and it’s getting worse, a new survey shows. Four in 10 U.S. investors think that it’s going to take a miracle to be able to retire financially secure. Nearly half (46 percent) of millennials feel this way, according to the 2021 global retirement…
Struggling With Retirement Savings? Uncle Sam May Give You Extra Credit
Dear Carrie: I work for a small nonprofit. I love my job but don’t make a lot of money, so saving for retirement is hard. The company offers a retirement plan that I contribute to, but there’s no match. How can I save more?—A Reader Dear Readers: This is a great question—and a great time…
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