Financial planning experts estimate you may need 70–80% of your current income to maintain your present standard of living when you retire. Yet many Americans are saving only a fraction of what they’ll need for their “golden years.”
Whether you are in your 50s or...
As a result of the loss of corporate pensions and concerns about the long-term viability of Social Security, most Americans anticipate having to be personally responsible for funding their retirement to a degree that would have been unimaginable just a few generations ago. So...
The Social Security Act with all of its associated rules and regulations is extremely complex.
The Act and all subsequent rulings/regulations/procedures and forms (approximately 8000), are referenced at SSA.GOV in the form of general and semi-specific information. Another more detailed tool used mostly by representatives,...
Even with thorough planning, retirement savings can be decimated by job loss, divorce or death, but just as much damage can be done by subtle mistakes – below are seven that can prevent investors from reaching their goals:
Not having a plan – Participating...
When you leave a job – whether due to layoff or any other reason – you are often faced with a decision about your 401(k) or other retirement plans. Over time, you may be in the same position as many other employees who have...