You probably think that many Americans fear running out of money in retirement due to a lack of savings. While that’s undoubtedly true, there’s another reason for this worry: Many don’t know how to determine how much of their retirement funds they can … Continue reading
Women in their 50s who are at the most financial risk in retirement are those who are married and in two-income households. That’s the surprising news from a recent report on women and retirement from Prudential Financial. The finding is based on rese… Continue reading
There are many perks to being self-employed — flexible hours, the possibility of working from home and, of course, being your own boss. But one major downfall that has historically burdened solopreneurs is the lack of access to traditional employer-spo… Continue reading
For millions of older Americans, the retirement years are far from “golden.” One in three retirees have no money left at the end of the month and must dip into their dwindling savings to pay monthly bills. Record numbers are declaring personal bankrupt… Continue reading
Most government policy proposals addressing Americans’ financial insecurity about retirement focus on boosting retirement savings. Tweaking 401(k) rules, creating mandatory universal retirement savings plans, that sort of thing. But there’s another app… Continue reading
Your net worth indicates how comfortable your financial future may be. Find out how to calculate your net worth and track it over time. How you compare by age as an individual or as a couple will help you make better financial decisions. Continue reading
After spending the past few years building Dream Forward, a financial firm selling 401(k) plans with the first artificial intelligence (AI) chatbot dedicated to retirement, we thought it would be interesting to track the most common questions we heard … Continue reading
The IRS has made it so you can sock away another $500 next year. Continue reading
(The following is excerpted from 401 Confidential by Michael J. Marini.) When you invest for retirement with a 401(k) plan, retirement plan companies get FAT on your money. By my estimate, roughly $25 million in excessive fees are being drained form th… Continue reading
Back in 2013, I blogged on Next Avenue about the excellent PBS FRONTLINE documentary, The Retirement Gamble, where correspondent Martin Smith reported on America’s troubling retirement savings crisis. He’s now back with a riveting sequel airing Tuesday… Continue reading