Boomers Saddled with Rising Debt Face a Tough Retirement
The patterns and type of debt amongst older Americans has changed significantly over the past few years. According to the Federal Reserve Bank of New York, the average 65 year old borrower has more debt than 65 year olds had in 2003.
Retirement Planning for Women
As with most things in life, retirement planning is slightly different for women than it is for men given the many challenges they face. To meet these financial challenges, women need to make retirement planning a priority.
3 Debts to Pay Off Before Retirement
Heading into your golden years one is likely to consider your financial landscape and take a look at prioritizing which debts to focus on before you retire.
10 Questions for Your Retirement
The old fashioned idea of working for 40 years, retiring with a good pension, and a comfortable retirement is no longer the norm. For older Americans who are nearing retirement age, there are many factors to consider.
Top Financial Mistakes That Affect Your Retirement
As retirement approaches more and more Baby Boomers are taking stock of their financial decisions along the road to their golden years.
Retirement Costs and Savings for Boomers
Retirement should be time of relaxation and reflection, not panic. For many people, the realities of what it takes to retire have snuck up on them.
Millennials and Retirement
It seems that Millennials have been getting a bad reputation and they dont deserve it. The common view of the next generation of young adults is that they are attached to their phones or mobile devices and have no idea about the real value of money. Many articles mention that Millennials are not saving for the future and, in fact, could be facing a bleak financial future.
Retirement Planning and Financial Professionals
When planning for retirement, making sure the information you have is accurate is very important. How do you know that the person you are trusting with your future has the right information?
Are You Facing A Retirement Income Shortfall?
According to a study by TransAmerica women are far less confident of their ability to retire with a comfortable lifestyle. The same study shows that most women are planning to retire at 65, or not at all, continuing to work into their retirement years.
Financial Planning for Retirement
The average retirement age is somewhere between 62 and 65. In order to retire by 65, you will likely need to have accumulated a sizable nest egg by the time you reach your 60s.