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A Recession Won't Wreck Your Retirement...But This Will

A Recession Won’t Wreck Your Retirement…But This Will

Do the financial markets have your attention? We assume so. After all, the 800-point drop in the Dow was the worst day in the U.S. stock market this year. And while many investors missed it, the December 2018 plunge in stock prices capped off a 20% decline which started in October. That could have put […]

What Is the Maximum Possible Social Security Benefit in 2019?

What Is the Maximum Possible Social Security Benefit in 2019?

Here’s what you need to do to get Social Security payments for $3,000 per month or more. The average monthly Social Security payment for retirees was $1,471 in June 2019. But many retirees receive over $2,000 per month from the Social Security Administration, and payments could be as much as $3,770 in 2019. The maximum […]

10 Bits of Investment Wisdom That Can Help Your 401(k) Flourish

10 Bits of Investment Wisdom That Can Help Your 401(k) Flourish

Every day I tweet a memorable investment quote from a market guru. Here are my all-time favorite concise words of wisdom to help you guide your retirement funds. 1. “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” – Sir John Templeton Frequent readers may recall this pearl from my previous […]

Congress is Considering Big Changes to the Way You Retire

Congress is Considering Big Changes to the Way You Retire

A string of pending proposals on Capitol Hill could change the way current and future retirees live. But that’s assuming they can first get through both Houses of Congress. And time is ticking as August recess has already begun. After that, there’s just four months left to the year. Even if pushing the changes through […]

What is the Magic Retirement Number?

What is the Magic Retirement Number? For Most Americans, it’s $1.7 Million

When it comes to retirement savings, theory often differs from reality. On average, Americans believe they need $1.7 million to retire, according to a recent survey from Charles Schwab, which looked at 1,000 participants in 401(k) plans nationwide. In fact, “that’s a pretty good number if you average out age and median salary across the […]

Countdown to Retirement: A 5-Year Plan

Countdown to Retirement: A 5-Year Plan

For most of your working life, retirement wasn’t exactly a pressing concern. You might have pondered it for a few minutes as you skimmed your company’s benefits handout, checking to see if your new glasses were covered or if you’ll be reimbursed for your gym membership. Retirement was more like a vague, distant concept rather […]

10 Social Security Figures Every Worker Should Know

10 Social Security Figures Every Worker Should Know

Our nation’s most successful social program, summed up by 10 numbers. Social Security is our nation’s most successful social program, at least in the words of presidential hopeful, Sen. Bernie Sanders (I-Vt.) — and the data certainly backs up this statement. After all, more than 63 million people each month, 70% of which are retired […]

What 50-Year-Olds Should Have Already Done to Prep for Retirement

What 50-Year-Olds Should Have Already Done to Prep for Retirement

If you haven’t done these things by age 50, it could be too late to do them well. Financial planners frequently tell stories of clients who visit seeking advice only weeks or months before their planned retirement. Some people have already submitted their retirement papers when they first meet with a financial professional. That’s way […]

4 Metrics to Measure Retirement Preparedness

4 Metrics to Measure Retirement Preparedness

These calculations can help you decide if you’re ready to retire. Aspiring retirees face many challenges on the road to retirement. Among the top challenges is knowing how much retirement savings is enough to live comfortably. Retirement planning should not be a guessing game. To better quantify preparedness, retirement savers can use a few rule […]

401(k) Tweaks That Can Help You Reach Retirement Sooner

401(k) Tweaks That Can Help You Reach Retirement Sooner

If your 401(k) is starting to resemble your dusty, cluttered garage, you might want to give it a clean-up. Chances are it will reap you the reward of more money sooner, says Tom Zgainer, founder and CEO of Americasbest401k.com. Zgainer recently told Yahoo Finance about the easy ways you can make sure your 401(k) is performing […]

Take Our Retirement Readiness Quiz

Thinking about retirement? Take our Retirement Readiness Quiz to test your smarts and learn how to plan for your ideal retirement.