Feeling Squeezed? Here’s Help to Catch Up on Retirement Savings
If you’re part of GenX, and feeling the pinch of being part of the Sandwich Generation, too, you may be falling behind in your retirement savings…but these tips can help you retire successfully.
Many members of Generation X, who are now in their 40s and 50s, were hit harder by the Great Recession and are still catching up financially.
This so-called Sandwich Generation also faces challenges in getting ahead financially while caring for their parents and children.
It’s not too late for Gen Xers to make up for lost time when it comes to their retirement savings, experts say. But many will need to undergo a reality check in order to make real progress.
Click here for more.
Married Women Make This Mistake with their Social Security; Are You?
A big gender gap exists in Social Security wealth because of married women’s retirement decisions, a National Bureau of Economic Research study found.
“Women tend to marry older men and to retire around the same time as their husbands even though they also live longer, on average, than men and may have had shorter careers because of childbearing.
By retiring early, the paper says, women often forego both substantial future earnings and significant amounts of prospective Social Security benefits that they would have received if they had worked longer.”
Click here to read the full article from Michael Fischer.
Retiring Too Early Can Derail Women the Most
As Ryan Gosling might say, “Hey girl…Don’t retire too early!” While retiring early has financial impacts for anyone, women seem to be affected the most, given that they live, on average, longer than men, and retire, on average, earlier than men. Read on to learn more, and see how you can plan accordingly.
How Much Is Enough?
How much money do you need to be wealthy in America? And is having it, or what you do with it, what counts?
Most respondents in a recent survey seek to have a stress-free, peaceful life…but that takes money. Read on to find out how much, and what else counted towards feeling wealthy in America.
Yikes! 30% of Workers Can’t Answer This…Can You?
One third of workers don’t know the answer to this simple question about their retirement savings: Now that you’ve saved for retirement, what are you going to do with the money? Click here for more details, and tips on what you should be thinking about for your retirement savings.
Why Are More Than Half of 60-somethings Delaying Retirement?
According to research conducted by The Harris Poll at the end of 2017, “Despite the triple-digit gains in the stock market over the last nine years and its positive impact on Americans’ savings, more than half of workers over age 60 said they are putting off retirement.” Read here to learn what factors are driving this surprising new finding.
