Late-Stage Retirement Planning for Gen X
For Generation X members, who are now entering their 50s, retirement planning takes on a new level of urgency. Fortunately, catch-up contribution provisions and other strategies can help accelerate savings during these pivotal years. "Generation X faces unique retirement planning challenges, but they also have powerful...
Maximizing Your 401(k) Benefits
Your 401(k) is more than just another retirement account—it's a powerful wealth-building tool that can significantly impact your financial future. Understanding how to maximize its benefits can help strengthen your retirement strategy. "The biggest mistake I see people make with their 401(k)s is not taking full...
How to Boost Retirement Savings with Alternative Income Streams
Developing additional income streams has become increasingly important for retirement planning. Around 75% of American workers who lost income during the pandemic say planning for retirement is stressful. Even among those who didn’t face income loss, nearly half still find it challenging. Research shows that...
Retirement Savings Strategies for Different Life Stages
April is Financial Literacy Month, a perfect time to reflect on your retirement savings strategies and how they evolve through different stages of life. Saving for retirement is not a one-size-fits-all approach; it requires careful planning and regular adjustments as your financial situation, career, and goals...
Women’s Financial Security in Retirement: Bridging the Gender Gap
A century after women won the right to vote, remarkable progress has been made in educational achievement, career opportunities, and income potential. However, a critical challenge remains: ensuring women's financial security in retirement. While celebrating how far we've come, it's essential to understand and address...
Balancing Debt and Retirement Planning: A Guide for Pre-Retirees
For many Americans in their 40s and 50s, juggling debt while planning for retirement has become an increasingly common challenge. If you're feeling stretched between paying down debt and saving for your golden years, you're not alone. Let's explore how to balance these competing financial...
Building a Multi-Generational Retirement Strategy
Recent surveys reveal retirement planning remains a primary financial stress point for Americans, with particular anxiety among Generation X (ages 43-58). Approximately one in six respondents ranked retirement preparedness as their leading financial concern, surpassing other money matters. This worry stems from uncertainty about retirement...
Tax Planning Tips for Investors: What You Need to Know Before Filing
Tax season isn’t just about gathering W-2s and 1099s. For investors, it’s an opportunity to take a closer look at your portfolio and determine how to manage your tax liability effectively. Investment decisions made throughout the year can significantly impact the amount of taxes you...
Why an Investment Counselor Could Be Your Financial Secret Weapon
Ever wondered how some people seem to have their financial life completely figured out? Chances are, they're not doing it alone. Behind many successful financial journeys stands a trusted partner: an investment counselor. These financial professionals do way more than just shuffle around your investment...
Balancing Retirement Savings and Other Financial Goals
As a family, we often need to find the right balance between saving for retirement and funding other major life expenses. With competing priorities and limited resources, couples need a comprehensive strategy that addresses long-term and short-term financial goals. One of the primary challenges is the...