As a fellow baseball fan, I appreciated the article by Dave Bernard below. The analogy for retirement is very fitting. Just like an athlete who succeeds at the professional level, retirement success takes planning and preparation. Remember, the “trip around the bases” when it comes to retirement is a long haul, but the earlier you start it the better off you’ll be...
So you’ve maxed out your 401(k)? Here’s where else to save
More and more today, retirees are leaning heavily on their own savings to make up a huge portion of their retirement income. With pension plans nearly non-existent in the private sector, the 401(k) plan is the main vehicle through which these employees sock away money for their golden years. However your contributions to such a plan are limited to a certain amount annually...
U.S. Retirement Assets Reach $24.7T
The amount of money socked away in retirement accounts jumped up 6% from year-end 2013 to the end of 2014, according to research by the Investment Company Institute.
U.S. retirement assets totaled $24.7 trillion at the end of December 2014, compared to $23.3 trillion at the end of 2013, the research found...
Why Government Inflation Numbers Don’t Reflect Retirement Inflation
This excerpt from an article by Amit Chopra hits on a key point we emphasize in retirement planning: often what the government reports as its official inflation numbers does not reflect what consumers actually experience. Retirees especially are aware of this. What makes it even worse is the fact that even though Social Security is supposed to be adjusted for rises in the cost of living, because government numbers are so out of sync from real inflation it does little to help retirees keep up.