Retiring At 62 Is The Most Common Age, But Is It A Wise Decision?
There is a reason why 62 has historically been the most common age to enroll in Social Security: It is the youngest age at which one can begin receiving benefits.
There is a reason why 62 has historically been the most common age to enroll in Social Security: It is the youngest age at which one can begin receiving benefits.
2022 is drawing to a close, so it’s time to prepare financially for 2023. This year was challenging for many across the nation. As the markets plummeted, households faced inflation-driven budget cuts, and savings dwindled.
Hiring a financial advisor is one of those watershed moments in life, a fork in the road that may shape your financial future for decades. Research suggests that those working with a financial advisor feel better at peace about their finances and may have 15% more money to spend in retirement.
As a new generation of Americans enters the market and workforce, many are also gearing up to exit. While most adult Americans have a general idea about what goes into building a good foundation for retirement, there may still be a few eclectic facts that may have slipped by. We aim to illuminate some of these facts so you can handle them during your retirement planning.
In recent months, we have all felt the impact of inflation, whether in a grocery store, a petrol station, or a restaurant. However, growing costs threaten not only our ability to spend now, but also our ability to fund our retirement.
Globe, AZ – Retirement can be a daunting transition for many, as they move from earning an income to not earning one. And for those seeking to turn their accumulated savings into a dependable source of income, there are numerous financial strategies and products available to help navigate this new phase in life. One common concern for retirees is the fear of running out of money. As such, it is crucial to carefully plan and …
Is it ever too late to begin retirement savings? No, and these measures will allow you to catch up. “Better late than never” applies to several aspects of life, including, and maybe notably, retirement savings.
The next two weeks will be tense for backers of legislative measures to enhance the U.S. retirement system. Next week, lawmakers will return to Washington to conclude the so-called lame-duck session – the legislative time between the midterm elections and the start of the new Congress on January 3.
You’ve probably heard of ETFs if you’ve read anything about investing. ETFs, or exchange-traded funds, have become popular for investors seeking simple diversification without many costs. But what precisely are they, and how do they work?
One of the most important goals for investors facing retirement is the assurance that they will be able to maintain their desired level of spending for the rest of their lives. Investors approaching retirement may wonder how to replace their paycheck with a more predictable source of income. In retirement, it can be challenging to maintain a steady investment income due to market volatility.