Redefining Retirement: Income Strategies for Today’s Savers
People are looking for new ways to ensure financial security in retirement beyond pensions and Social Security. In today's rapidly evolving financial landscape, there is a need to explore alternative retirement income strategies that go beyond traditional sources.
How to Find Unclaimed Retirement Benefits
Many Americans may be unaware they have unclaimed retirement benefits waiting to be rediscovered.
How Annuities Can Provide Lifetime Income for a Secure Retirement
Given the current economic state, annuities appeal more to consumers looking to maximize their retirement savings.
Gen Z, Women: Most Financially Stressed
Money may not buy happiness, but financial stress can take a significant toll on anyone’s mental well-being. From lingering debt to the effects of inflation on basic commodities, financial stress touches every generation — some more than others.
Do You Have a Forgotten 401(k)?
As of earlier this year, job switchers had left their money in some 29 million 401(k) accounts with former employers. That’s about 25% of the money in all 401(k) plans! This staggering number suggests that many individuals may have forgotten about their retirement savings tucked away in these accounts.
Why Financial Independence Is Delayed for Millennials and Gen Z
Achieving financial independence has always been a significant milestone in life. However, Millennials and Gen Z are taking longer than expected to achieve this goal. Various factors, including the changing dynamics of family support and low financial confidence, influence this delay. This article explores the reasons for the delayed financial independence of these generations and provides tips for navigating this new landscape
The New 401(K) Catch-Up Contribution Changes Coming In 2026
In December 2022, Congress ushered in the SECURE 2.0 Act, an ambitious piece of legislation aimed at bolstering the retirement prospects of both current and future generations of American workers. This comprehensive act introduced numerous changes, with a particular focus on the rules governing 401(k) catch-up contributions. While the primary objective is to improve retirement outcomes, it's important to understand that these changes might result in increased tax liabilities for millions of Americans.
Looking Toward 2024: Financial Resolutions for a Prosperous Year
As we approach the threshold of a new year, it's the perfect time to reflect on our financial habits. The New Year is a time when we make resolutions that can significantly impact our lives, including our financial well-being. Whether you aim to save more, reduce debt, or invest wisely, setting practical financial resolutions for 2024 is a proactive step toward a prosperous future.