Four Retirement Risks You May Not Realize You’re Facing
Life involves risk. One of them is retirement, and whether the money we save to fund it will last. Do you understand your risk, and actions you can take now to manage it?
A recent survey found that retirement security may be threatened by these four risk factors: longevity, behavior, market conditions and inflation. The survey found a disconnect between each of these risks and retirement plan savers’ actions. So there’s no time like the present to make sure you understand them and how your retirement savings decisions will impact, or be impacted by, them. Read More »
Is the SECURE Act Going To Get Even Stronger?
Waiting for SECURE Act 2.0
Almost a year and a half after the SECURE Act (Setting Every Community Up for Retirement Enhancement) impacted the retirement planning world, a second bill, the Securing a Strong Retirement Act of 2021 was recently approved by the House Ways and Means Committee. This new bill expands upon the original and tweaks the changes regarding contributing and withdrawing from retirement savings vehicles.
Expected to pass in 2021 or 2022, it aims to encourage Americans to save more for retirement, in part by making that process easier. Read More »
Recalibrating For Your Retirement
How To Catch Up On Retirement Contributions Post-COVID
On top of all the other disruption (and worse) caused by the pandemic, COVID-19 may have put a real dent in your progress towards saving for retirement. Did your workplace close temporarily, or did you have to temporarily leave the workforce? Did your employer pause matching contributions, or did you find yourself needing to take a coronavirus-related distribution? Or did the uncertainty of the last year just cause you to pause your own contributions? Regardless of why you got off track, with the economy booming, now’s a great time to get back on! There are steps that can set you on your path again, determined by your age, situation, and whether you’re able to make catch-up contributions. Read More »
No Time Like The Present!
Waiting just one year to start saving for retirement could cost you – big! If you start saving when you’re 29 instead of 27, your retirement nest egg could literally be tens of thousands of dollars smaller once you reach age 65. Read more from Ana Lucia Murillo.
To Roth or Not To Roth…
…That is the question, and the answer may surprise you! Read more from Mark Hulbert.
Women Have 40% Less In Retirement Savings Than Men
We know about the income gap in wages, but did you also know that women have 40% less in retirement savings than men do? There’s no time like the present to review your retirement planning and make sure you’re maximizing your savings. Read more from Tracey Longo.
