An increasing number of retirement plan accounts have been left behind, and then forgotten, when workers change jobs. Thankfully, a new federal database should help you more easily track down your lost retirement account from a previous employer. There were over 24.3 million forgotten 401(k) plan accounts, worth around $1.35 trillion combined, as of May […]
Recover Your Lost Retirement Account(?) Read More »
According to a national survey for LiveCareer in June, about 61% of working Americans are more afraid of retirement than of death. Why is this? The survey suggests the reason is that many Americans are financially unprepared to retire. About 20% of Americans ages 50 and older were shown to have no retirement savings according
Americans Are More Afraid of Retirement Than Death Read More »
During the holidays, you could experience more stress and busyness, particularly if you have flights planned for Thanksgiving or Christmas. Whether you\’re traveling within the US to see family or friends or visiting Christmas markets in Europe, the following holiday travel advice may make your trip overseas go more easily. We\’ll discuss some lesser-known holiday
Holiday Travel Advice Read More »
We have been asked to explain the reason why some financial institutions ask for the name of a person that is often referred to as a “trusted contact.” There is frequently confusion about what rights that person has, specifically if they have access to any account their name is provided for. The simple answer is,
Traveling in retirement could be your golden ticket to a new kind of independence, one in which each day brings the opportunity for new experiences and discoveries. If you’re the type of person who enjoys travel, of course. It offers the opportunity to explore new places; designating a trip to exploring one area rather than
How Much Should You Travel In Retirement? Read More »
Retirement is different from your working years–you’re no longer putting in time and collecting a paycheck regularly. Creating a sustainable paycheck in retirement is, however, an art worth mastering. Without a full-time employer, retirees are left with the task of cobbling together a sustainable cash-flow strategy that will not only cover their expenses, but also
Retirement Paycheck Read More »
According to the US Census Bureau, about 1 in 5 people over the age of 60 have married at least twice. However, all marriages are not created equal. The Schwab Center for Financial Research lets us know that “Unlike those just starting out in life, many older individuals have adult children, substantial assets, and established
We’re inundated with so many changes to rules related to retirement, that we oftentimes tell ourselves we can just ignore them and “focus on them later.” However, there are some changes you might want to pay attention to now. For example, the changes made by the Secure Act: Firstly, the Secure Act interest and penalties
Retirement: The day workers can quit their jobs, go home, and never look back. But retirement doesn\’t always go as planned, and a lot of seniors wish they hadn\’t made the choices they did before they left their jobs. As retirement gets closer, there are a few things that need to be thought about. How
7 Big Mistakes You May Regret After Retirement Read More »
Continuing on from last week, did you decide what kind of retiree you are? Regardless of whether you think of yourself as the Dynamo, the Philanthropist, the Homebody, or the Adventurer, it is recommended that you start building your strategy early. Along with newfound freedoms, retirement can also mean confronting uncomfortable topics and scenarios. The
So, Did You Decide? Read More »
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