Today: 5. Nov, 2024
As more Americans near retirement, the question of financial security looms large. According to a new report, 49% of workers think they can meet their retirement goals, while 35% believe they will need over $1 million to retire comfortably. Retirement Savers See…
A recent study reveals that nearly half of American households cannot maintain their current lifestyles in retirement. This statistic is alarming for many who hoped their savings would be enough to sustain their post-working years. Planning for retirement requires a comprehensive approach,…
Creating a solid retirement plan today is essential for a comfortable and financially secure future. A 2023 Bankrate poll revealed that more than half of Americans feel “behind” in retirement savings. Given the possibility of spending as many years in retirement as…
The relationship with a financial advisor can be crucial for achieving your financial goals. However, it isn’t always perfect. If you’re wondering whether it’s time to seek a new advisor, here are three factors you should consider. Quality of Financial Advice One…
Are you considering delving into the world of certificates of deposit (CDs) to boost your savings? Before you take the plunge, it’s crucial to understand the ins and outs of these financial instruments, especially when it comes to making early withdrawals. Navigating…
In a world where the realities of aging and financial planning intersect, many find themselves reevaluating their retirement plans. This reconsideration is vividly illustrated in the story of a family navigating the complexities of the sandwich generation, where caring for children and…
Individuals increasingly seek strategies to safeguard their wealth in an era marked by fluctuating economic landscapes and growing financial complexities. A recent EY research report reveals a significant perception of increased complexity in wealth management, especially among high-net-worth individuals. As we confront…
As retirement approaches, managing outstanding debt becomes a critical concern for many Americans. Despite efforts to reduce liabilities, the reality is that debt levels are rising once again, with the Federal Reserve Bank of New York reporting a $333 billion surge in…
Financial stability is juggling priorities in the current economic landscape, marred by the coronavirus pandemic. Certified Financial Planner Brandon Renfro provides insight into one of the most pressing questions individuals face today: Should one lower retirement savings to pay off debt? With…
A specific order is to follow when withdrawing money from your retirement accounts. This article outlines the standard withdrawal order for different fund types while mentioning important exceptions to consider. Cash: Before tapping into any other accounts, utilize your cash reserves for…
