financial security

Unveiling the Shocking Truth About Retirement: Are You Prepared?

While many employed individuals in the United States assume that transitioning into retirement will be a straightforward process once their financial matters are sorted, the reality is quite different. A significant number of retirees encounter challenges in discovering purpose and combating monotony after retiring. Some relationships gradually fade with longtime colleagues who share similar perspectives. There exist profound uncertainties regarding how to occupy the time that once spanned eight to ten hours of work from …

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Ready for a 20-Year Retirement? Discover the 5 Crucial Steps to Ensure Financial Readiness

Most Americans aspire to live until they reach the age of 100, but unfortunately, only 3 out of 10 can afford a retirement lasting more than 20 years. This reality has raised concerns about financial security during the golden years for many retirees. A recent survey conducted by Edward Jones in collaboration with Age Wave has revealed that only 30% of Americans are confident that they can afford a retirement that lasts more than 20 …

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Is Your Retirement at Risk? The Disturbing Forces That Could Derail Your Future

Many factors are affecting the life of the Social Security Program. Future retirees need to know which factors could potentially disrupt retirement and what steps can be taken to be prepared for them. Over the past few decades, concerns about Social Security’s sustainability to support retiring seniors have become a common topic in the media. The program is estimated to face a shortage of funds as early as 2033-2034 if no action is taken. However, …

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Countdown to Crisis: Unveiling the Threat of a U.S. Retirement Age Increase on Your Precious Savings

The recent decision by the French government to increase the official retirement age from 62 to 64 has sparked global discussions and concerns. This move met with significant opposition, has led many to wonder what would happen if the U.S., which already has one of the highest retirement ages for full benefits, followed suit. The Impending Retirement Crisis in the U.S. The U.S. is on the brink of a retirement crisis. With Baby Boomers and …

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Money vs. Mortality: You Won’t Believe What Americans Are More Afraid Of

A recent study from Allianz Life reveals that a majority of Americans need to pay more attention to retirement savings and planning due to inflation and increasing rates, which has left little room in their wallets for other expenses. As a result, many are now more worried about running out of money during retirement than dying. Many Americans face a “new retirement reality” that has changed their long-term outlook. According to the report, 61% of …

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Retirement Cash Flow: Because Golf Clubs and Cruise Tickets Don’t Pay for Themselves!

If you’re nearing retirement or already basking in its flexibility, the question of sustainable income sources is pertinent. Two investment instruments have always been popular among retirement income streams: dividend stocks and bonds. Here we shed light on these financial tools and why they’re worth considering for a steady cash flow during retirement. Understanding Dividend Stocks and Bonds Firstly, let’s understand what dividend stocks and bonds are. Dividend stocks are shares in a company that …

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Digital Transformation in Personal Finance: The Implications for Retirement Planning

Digital transformation is reshaping personal finance, notably the arena of retirement planning. From offering enhanced accessibility to personalized plans, increased transparency, and efficient portfolio management through tools like robo-advisors, it has transformed retirement planning from a daunting task into an accessible, understandable process.

6 Things Baby Boomers Need To Remember About Social Security

With their retirement on the horizon, baby boomers must be well-informed about the changes and provisions that will impact their Social Security benefits. From adjustments in the full retirement age to variations in the earning thresholds, they should stay current to make informed decisions regarding their financial security.