Many parents make the decision that after their child is born one parent will stay at home to be with the child. Some of the reasons include saving on daycare expenses, and wanting at least one parent to bond and be with the child during those precious first few years of development. Whatever the reason, the stay-at-home parent may leave a job and lose access to certain benefits – mainly their employer sponsored retirement savings plan....
Navigating the Transition to Retirement
How We Save for Retirement
It’s Complicated
If you’ve been working for quite a while, your financial life has probably been managed to the rhythm of your paychecks. If you’ve managed to stay employed, it’s probably worked well – money comes in and goes out on a nicely predictable schedule. There are times, however, when something unexpected comes up...