“The most studied species of today – after Donald Trump supporters – has to be the millennial…Of particular interest is their financial standing. Standard take: It’s grim.” In today’s article the author – a millennial herself – outlines why millennials need not necessarily subscribe to the commonly-held belief that they will be worse off in retirement than older generations. What…
“As a freelancer, you are the boss. You have the flexibility to choose when you work and what jobs you take. You also have the sole responsibility of taking charge of your financial future. You’ll need to plan ahead for your retirement – even if you love what you do and want to work well into your late 60s or…
“In a world where most people aren’t saving enough, is it possible you’re actually putting away too much for your retirement?” Today’s article puts this question to David Blanchett, head of retirement research for Morningstar Investment Management, who argues “It’s not that you don’t need to be saving, but if you’re forgoing enjoyment in your life now because you feel…
“A very common goal is to retire early and lead the ‘easy, good life’ [but] many… are disappointed to learn that an early retirement may not be in their future.” Today’s article outlines five reasons why early retirement is not in the cards for many, including rising health costs, mortgage payments in retirement, and the status of Social Security. To…
“Yes, debt can be costly, but failing to save for retirement ultimately will cost far more.” Today’s article outlines seven reasons – including missing out on employer 401(k) matches and compounded growth that can never be recouped – why delaying retirement savings in favor of paying off certain types of debt (i.e. “low-rate, potentially tax-deductible debt”) may be an unsound…
Confidence among baby boomers about their financial preparedness for retirement is sinking fast! Today’s article highlights the findings of the recent “Insured Retirement Institute’s (IRI) 6th Annual Report on The Retirement Preparedness of the Boomer Generation”, which shows that “Americans today are less prepared and less confident about their prospects for a comfortable retirement than ever before.” Two of the…
While the new “fiduciary standard” promises to help lower costs for retirement investors, how much of an impact does a modest fee reduction have on retirement readiness compared to actions that investors can take on their own such as delaying Social Security benefits or choosing more powerful investments? Today’s article puts this question to Tom Kmak, CEO of Fiduciary Benchmarks,…
“Another ‘niche bull run’ is kicking off right now. And no matter what happens with the broader market, these issues – and their dividends – will roll higher for decades.” Today’s article highlights five companies that are “poised to rake in big business” due to the aging of the massive baby boomer generation, including a drugstore chain giant, an operator…
“Millennials have more than enough financial worries. Now they can add about 2 million more to their list. That’s how much many might need to save to retire.” Today’s article examines how much Millennials may need to have stashed away in order to maintain their standard of living in retirement, and the numbers are substantial. According to various studies, estimates…
“There’s a whole world out here of unique experiences so if you can think there’s another way to live beside the 9 to 5 (and) if you can take the tremendous wealth and income opportunity that the U.S. has and instead of buying stuff and experiences in the short term, you can use it to buy freedom.” Today’s article highlights…