Retirement Anxiety More Pronounced Among Millennials and Gen X
Retirement anxiety is a shared experience across generations, but it’s particularly pronounced among Millennials and Gen Xers. You're not alone if you’re feeling cynical about attaining financial security in retirement. Why Millennials and Gen X are so concerned about Retirement According to the 2024 Annual Retirement Study...
Enhancing Pension Plans: Strategies for America’s Retirement Crisis
As the landscape of retirement planning continues to evolve, it's becoming increasingly evident that many Americans are facing significant challenges in preparing for their golden years, particularly with the decline in traditional pension plans. With the shift away from traditional pension plans towards individual retirement accounts...
Maximizing Retirement Benefits: A Guide to SEP-IRAs for Small Businesses
In an era where retirement planning is essential, small businesses often struggle to find accessible and cost-effective retirement solutions. Luckily, a handful of retirement plan options work well for small businesses. Among these, the Simplified Employee Pension plan, or SEP-IRA, stands out as versatile. This article explores SEP-IRAs,...
Peak 65 – A New Era in Retirement Demographics
A significant milestone is on the horizon for millions of Americans: turning 65. With four million Baby Boomers projected to reach this milestone this year, the phenomenon known as Peak 65 is set to usher in a new era of retirement demographics. However, amidst the...
How You Can Tackle Long-Term Care Costs in Retirement
As we approach retirement, we must consider the potential long-term care costs. While none of us like to consider needing assistance in our later years when enjoying our prime earning years, preparing for these expenses can provide peace of mind and financial security. Approximately 70 percent of...
Discover How Much Money Americans Need for Financial Independence
We all dream of achieving financial independence— reaching that point where we no longer rely on paycheck-to-paycheck living or worry about financial constraints. A recent survey by Empower Financial Services found that 67 percent of Americans consider achieving financial independence significant. But what does it indeed mean...
The Silver Tsunami: Trends and Challenges in Retirement
The year 2024 marks a significant milestone in the US population! According to a study by the Alliance for Lifetime Income’s Retirement Income Institute, a record-high 4.1 million Americans reach the age of 65 this year. This has sparked what experts call the "silver tsunami" of...
Closing the Retirement Savings Gap
Exploring Innovative Solutions with Insurance Products to Address the Retirement Savings Gap As we peer into the future, the specter of the “silver tsunami” looms large, revealing a disconcerting trend in retirement planning. Research paints a stark picture, projecting that gaps in investors' retirement savings are...