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.
5 Steps for a Better Retirement
Do you worry about your retirement? According to experts, you should be worried. A Government Accountability Office analysis found that average Americans between the ages of 55 and 64 have saved only about $104,000 in retirement savings.
Millennials Most Common Money Mistakes
Although young Americans who graduated this year are better off than their older siblings, they are still feeling some effects of the Great Recession. One thing they are doing right is starting to save earlier than previous generations, but their biggest money mistakes are not saving enough and holding what they do save in cash.
3 Financial Tips for the Real World
There are many and varied tips available for anyone looking to educate themselves on what the "experts" recommend when it comes to financial planning. The internet abounds with such tips and advice. However, some of these things are easier said than done, especially when it comes to the workaday world and trying to keep up in an ever-more-volatile economy. Let is take a look at some of these tips, and how they can be applied to the real world.
Retirement and Long Term Care
Nearly 70% of Americans 65 and older need long-term care at some point, according to the U.S. Department of Health and Human Services.