When it comes to your retirement account, if you just set it and forget it, you could well lose it…to escheatment. As today’s article explains, escheatment is the process whereby firms that manage retirement accounts are required to turn over to the states any accounts that are seemingly not being actively managed. What happens to your retirement account (and related…
While millennials on the whole are not saving adequately for retirement, a growing number of them are investing in cryptocurrencies – and, as today’s article notes, one of the main reasons they are doing so is for retirement purposes. At the same time, “Innovative startups are redefining the retirement landscape by using blockchain technology and artificial intelligence to create new…
Whether it’s for family, lifestyle or financial reasons, relocation is a part of retirement for many Americans. However, the author of today’s article cautions that, “Whatever the reason, retirees appear to be making two big mistakes with their homes. They seem to vastly misunderstand the home as an investment decision, and they don’t consider the financing options available to them…
Americans on the whole are underprepared for retirement. This is especially true for women over 50, with today’s article noting that “they fall way behind men when it comes to retirement preparedness.” While there are multiples reasons for this reality (including an acceleration in the divorce rate for this group), what can women do to prevent against the prospect of…
Yet another research report has found that a majority of baby boomers do not feel prepared for retirement – and today’s article suggests that one critical factor underlying the position that these boomers find themselves in is a lack of investment in stocks, with the author noting that “The ownership of the vast majority of equity returns in the hands…
Small business owners (SBOs) are not preparing sufficiently for retirement – and while they are not unlike the larger population of workers in that regard, SBOs typically face even greater challenges. As such, today’s article outlines a number of ways in which SBOs can go about preparing intelligently for retirement. What does the author identify as being “an ideal average…
Retirees may, understandably, want to avoid stocks, but the need to fund increasingly lengthy retirements may make doing so unwise (if not impossible). Their best bet, then, may be stocks of companies that have stable business models, room to expand, and which pay (and increase) dividends. Today’s article highlights three such stocks that may be well-suited for retirement portfolios. For…
When it comes to withholding taxes in retirement, the author of today’s article advises that you want to withhold just the right amount: over-withhold and you miss out on earned interest; under-withhold and you risk getting hit with a penalty tax by the IRS. However, despite the importance of getting your withholding as close as possible to your actual tax…
Can you afford to lose 30% (or more) of your retirement savings in the event of a market crash? If your answer is no, the author of today’s article – who believes a recession is coming within the next year – urges you to add gold to your portfolio, pointing out that, while “stocks and bonds have been in a…
It’s one of the most important numbers when it comes to devising your retirement plan – but also one of the most difficult to pinpoint: how many years will your retirement last? The author of today’s article notes that “for many people this number is basically a wild guess, if it’s considered at all. That’s a problem because getting this…