Obstacles Single Women Entrepreneurs Face with Retirement Planning
Retirement planning is a critical to financial well-being for everyone, but for single women who own or lead businesses, the road to retirement can be more complex and filled with unique challenges. Unlike traditional employees who might have employer-sponsored retirement plans, entrepreneurs often bear the sole...
Planning for Healthcare Costs in Retirement: What to Consider After 50
As you approach retirement, it’s essential to factor in one of the most significant and often underestimated expenses: healthcare. With rising medical costs and the potential need for long-term care, planning for healthcare expenses is crucial to protecting your retirement savings. Approximately half of U.S. adults...
National Retirement Security Week 2024
Successful retirement planning requires thoughtful preparation and consistent effort throughout your working years. A recent AARP survey found that among adults who regularly save for retirement, only 36 percent believe they will have enough money to achieve retirement security if they keep saving if they...
Retirement Savings Changes You Should Know About Before Year’s End
Over half of Americans need to catch up to their retirement savings goals. An additional 10 percent are uncertain about their retirement savings and planning status, according to a 2023 Bankrate survey. As the year draws to a close, it's crucial to stay informed about...
Should You Worry About Market Volatility?
On August 5, 2024, the S&P 500 Index dropped 3% from its previous close, the largest single-day loss in almost two years. This continued a three-week slide that saw the benchmark index — generally considered representative of the U.S. stock market — decline by 8.5%....
Boomers Seeking More Experiences and Fewer Products
As Baby Boomers reach retirement age, their consumer habits are evolving. By 2050, over two billion people will be 60 years and older, constituting 22 percent (or one in five) of the world's population. Rather than accumulating more material possessions, Boomers are prioritizing experiences that...
Mid-Retirement Check
A mid-retirement check is essential for ensuring a comfortable and secure retirement. This assessment involves evaluating various aspects of your life, from household chores and health concerns to financial adjustments and estate planning. By examining these areas comprehensively, you can make informed decisions that enhance your...
National 401(k) Day: September 6, 2024
National 401(k) Day is an important annual event dedicated to raising awareness about the benefits of revisiting your retirement goals and ensuring you’re taking full advantage of your 401 (k) retirement plan. Recent results from an April Gallup poll reveal that out of 8 financial concerns,...
Planning for Retirement Across Generations: What You Need to Know
Are you in your 40s or 50s and thinking about retirement? Many people your age are juggling a lot - saving for retirement, helping kids with college, and maybe even caring for older parents. It's a lot to handle, but smart planning can make it...
How AI is Affecting Your Retirement Portfolio
While some investors are using Artificial Intelligence (AI) to crunch data, another interesting phenomenon exists in the financial markets. AI is having a significant effect on several investment sectors. Utilities are a hot commodity due to AI The utility sector of the stock market, typically attractive to...