Retirement

Draft a Retirement Wish List for Your Financial Adviser

Shutterstock photo Before your first visit, most financial professionals will ask you to pull together a lot of paperwork. SEE ALSO: Near Retirement? 5 Plans You MUST Have in Place They’ll want to see tax returns, retirement account statements, Social Security benefit statements and so on. But it’s just as important — maybe more important when meeting with a retirement ...

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Don't Quit Your Job Before Taking These 5 Retirement Steps

Shutterstock photo Worried about going broke after you retire? Then join the crowd: In this era of longer retirements, fewer pensions, choppy markets and low savings rates, evidently many are vexed.  People wonder: Will Social Security be enough? Will savings last? What if inflation roars, or stock prices plunge? Or you need long-term care? “Americans across all demographics are deeply ...

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7 Simple Ways Baby Boomers Can Catch Up on Retirement Savings

Shutterstock photo Listen up, baby boomers. More than half of adults 55 and older have less than $ 50,000 in retirement savings, and about one-third haven’t even started saving for retirement. That means many of you have a lot of catching up to do before you punch the clock for the last time. Some boomers are fortunate to have a ...

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2017 graduates: Here's one mistake you can't afford to make

How to talk to your kids about money Though graduating college is a tremendous milestone worthy of celebration, those earning their degrees this spring and venturing off into young adulthood have a notable challenge to face: student loans. Last year, the average graduate came away with over $ 37,000 in debt, and this year’s graduating class will probably be looking ...

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Some of the Biggest Estate-Planning Mistakes People Make

Shutterstock photo There are some things we just don’t like to think about, much less speak about. The universal truth is we are all going to pass away one day. The legacy you leave can either simplify the process of dealing with your personal and financial property, or it can be a worrisome burden for those you leave behind. SEE ...

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3 Steps That Can Lead to More Confidence in Retirement

Shutterstock photo By Mike Loo, MBA You’ve spent decades planning for retirement, putting all of your ducks in a row, saving to ensure a steady income and looking forward to this new season of life. But once you reach this pivotal milestone, the planning doesn’t end! There are a few key tasks to conquer once you are retired that can ...

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How Boosting Retirement Savings By 1% Of Salary Turns Into $100K Of Income

Shutterstock photo Are you financially ready to retire? A whopping 28% of working adults don’t have any retirement savings, according to a new Federal Reserve survey. Many workers who don’t have any or enough retirement savings think there’s little if anything they can do to improve their retirement finances. “They don’t take even small steps because they don’t think it ...

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How to enjoy a more worry-free retirement

The steady path to a dream retirement My wife and I are retired, have a comfortable income and a substantial nest egg. We have a nice home and no debt. Still, I worry constantly about our financial future. What can we do to better enjoy the retirement we’ve worked and saved for?–A.N. Plenty of people have good reason to be ...

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Social Security And 6 Other Safety Nets You're Taking For Granted

Shutterstock photo People might prefer to be independent, but government safety nets help provide a backstop so that when they fall on hard times or retire, they’re not left to fend completely for themselves. Some benefits, like Social Security and Medicare, are so well-known people might assume they’ll be around forever. Other benefits, such as unemployment assistance, Medicaid and food ...

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