As the school year winds down, high school seniors are making that crucial decision about which college they will be attending this Fall. I remember when I was in that similar position, and I can say with absolute certainty that my future ability to save for retirement was not even a blip on my decision-making matrix. Perhaps it should have been...
Women and Retirement
Recent news has been filled with the Equal Pay movement (Hollywood stars and the US Women’s National Soccer team among the most prominent). The statistic oft quoted regarding the gender wage gap is that women working full time in the United States typically are paid just 79 percent of what men were paid, a gap of 21 percent. The gap has narrowed since the 1970s (when it was 59 cents for every dollar earned by a man), due largely to women’s progress in education and workforce participation and to men’s wages rising at a slower rate. But progress has stalled in recent years, and the pay gap does not appear likely to go away on its own.
Equally as concerning is the implications this gap has on the prospects of women in retirement....
Can't Get No Satisfaction
Below is a chart generated by the Insured Retirement Institute (IRI) detailing the economic satisfaction of the 65 and older crowd over the last 5 years and year-to-date 2016. The chart and corresponding article were recently posted at Bankrate.com. At quick glance, the first thing to strike you is the direction that satisfaction is heading – in one word down....
Retirement Expenses – Beyond the Day-to-Day
When it comes to retirement planning, one of the first places I start is helping clients determine how much they will be spending. If they haven’t done so for themselves already, we help them put together a spending plan (a.k.a. a budget); most have a good handle on the day-to-day living expenses. However, it’s important to keep in mind that the expenses you face today may not be the ones you’ll have in the future....