Americans who fall into Generation X are worried about retiring. They feel they’d find it harder than other generations to retire comfortably or even be able to retire at all.
The average pre-retirement Boomer only has about $9000 per year in retirement income headed their way and a shocking one-third of Americans say they have zero retirement savings.
One of the things to consider is where to live and what the cost of living will be when you retire. These are the most expensive states for retirees.
National Save for Retirement Week is October 20-26. This would be a good time to take stock of your current retirement plans
Every day 10,000 Boomers reach the age of 65, and it has been reported by the Wall Street Journal that they are in a much worse financial state than the generation before them.
With all the focus on how little Americans are saving for retirement, this may sound counterintuitive. However, saving alone won’t get you to your goal.
There have been some changes to Social Security, and there will be more over the next few years. People saw a rise in the amount they receive each month
There is one more important thing to consider when it comes to retirement preparations which may unhinge your plans — and that thing is taxes.
the biggest question should be this one: How can I avoid making financial mistakes that will greatly affect my retirement years?
The Secure Act, a retirement bill backed by both Republicans and Democrats has been passed by the House of Representatives and is moving closer to becoming law.
David Lerner News
Retirement Planning Information
Women's Financial Literacy