According to a TIAA-Massachusetts Age Lab survey, 84% of borrowers say student loans negatively impact their ability to save for retirement. The longstanding challenge is whether Americans with academic debt should pay off their loans or begin retirement savings. That … Read More
Retirement is a major milestone that many people look forward to, but it also comes with its own set of financial worries. For retirees, the transition from a steady paycheck to relying on savings and fixed incomes can be daunting. … Read More
Managing finances on a retirement budget requires careful planning and smart spending. With a fixed income, retirees need to make every dollar count and avoid unnecessary expenses that can strain their finances. Understanding which purchases to avoid can help retirees … Read More
As people earn more money throughout their careers, it’s natural to upgrade their lifestyle with better homes, nicer cars, and more luxurious vacations. However, this phenomenon, known as lifestyle inflation, can pose significant risks, especially regarding retirement planning. When spending … Read More
Finding ways to earn extra income is appealing at any age, but for Baby Boomers, a side hustle can be particularly beneficial. Whether it’s to supplement retirement savings, stay active, or pursue a passion, there are plenty of opportunities that … Read More
Deciding where to retire is a significant decision that involves more than just choosing a comfortable community; it’s about finding a place to enjoy your golden years to the fullest. The United States offers diverse states, each with unique benefits … Read More
Most older married women have yet to participate in long-term financial planning for retirement and investments. Bread-winning spouses traditionally assumed that responsibility. This generation of women took responsibility for short-term financial goals, managing the household budget, tracking spending, and paying … Read More
Enjoying a comfortable retirement lifestyle shouldn’t mean sacrificing or being overly cheap after years of saving for these golden years. You may have saved a bunch for retirement, but you want your money to last through your retirement, which could … Read More
Everything goes better when there is a thoughtful plan in place. Whether single, married, and with children, you should build a financial plan that best fits your lifestyle now and in the future. Everyone needs a financial plan to help … Read More
Recent guidance for pension-linked emergency savings accounts, or PLESA, provided by the Department of Labor (DOL) and IRS will likely spur more companies to give employees the green light to set up an emergency savings account within their retirement plan. … Read More
So you want to change your lifestyle and retire in a foreign country? Hopefully, you are smart and have weighed all your pros and cons. It’s a dramatic change that could be a giant mistake or one of the most … Read More