A popular personal finance tip you hear a lot, especially when grocery costs go up, is that you should plant a home garden. "After all, they did it during the war!" and "If everyone had a home garden, we could revolutionize the food...
Over the past two weeks, we’ve focused on the story of Bob, a recent retiree. We’ve gone over his pre-retirement experience and his journey through the processing of his retirement application. This week, we’ll look at his health insurance choices.
Are retirees living comfortably? Believe it or not, for the last five years, roughly 80% of all retirees say they are, if you trust the results from the 32nd Annual Retirement Confidence Survey conducted in January of 2022 by the Employee Benefit Research Institute (EBRI) and Greenwald Research.
While the...
When it comes to deciding the best plan for your senior years, every situation is unique and must be tailored to your individual lifestyle and needs. For many, this decision is a very difficult one to make. In my experience, the instinct for many seniors is to remain in...
For seniors who’ve stashed their money into stocks, bonds and mutual funds, recent market volatility could mean bad news for their retirement portfolios, especially as major stock indices such as The S&P 500 and Dow Jones are reporting significant year-over-year declines.
The high rate of inflation coupled with rising interest...
While women still lag far behind men when it comes to retirement savings, Gen Z women – those 26 and younger – are bucking that trend and actually saving more than men their age, according to a report released today by Bank of America Corp.
The 2022 Financial Life Benefits...
Inflation isn’t being felt only at the grocery store and the gas station — it’s also wrecking countless Americans’ retirements.
As inflation soared to a 40-year-high of 8.6 percent, the Federal Reserve began to raise interest rates, prompting a sell-off in the stock market. The combination has resulted in a perfect storm...
Social Security benefits are often the cornerstone of retirement funding in America, but there are three specific reasons why looking at the benefit program by itself to carry seniors through their retirement years may not be the best choice. This is according to a new column at The Motley...
Consumers and financial professionals are worried about the impact that inflation, market trends and a possible recession will have on spending power in retirement, according to the results of a new survey.
In fact, the Protected Retirement Income and Planning Study by CANNEX and the Alliance for Lifetime Income reveals...
If you want to save more for retirement, these tips could help.
Many people are not saving enough money to have a secure retirement. You'll need a nest egg that provides a good amount of income to supplement Social Security, and the sooner you begin investing, the easier it will...
