Only about 1% of the 30 million or so people who contribute to their Fidelity retirement accounts have managed to save at least $1 million. The average 401(k) balance hovers around the $100,000 mark. So it must be near impossible for regular folks to reach seven-figures heading into those golden years, right? However, the numbers suggest otherwise….
Land of Enchantment
Step aside, Florida. New Mexico is the new top retirement destination. Those were the findings from a survey by United Van Lines. The relocation company polled 26,998 of its customers who moved last year, through Nov. 30, 2018. Among those who moved to New Mexico, 42% said they did so because of retirement, making the Land of Enchantment a top destination….
Pros and Cons of Post-Retirement Work
As more baby boomers reach the typical retirement age in good health, the very notion of a “typical retirement age” is becoming harder to pin down. In fact, the percentage of those aged 65 and older in the workforce has grown by 117% over the last two decades, a trend that’s set to continue for the foreseeable future….
America’s Biggest Money Regrets
As crooner Frank Sinatra once said, “Regrets, I’ve had a few….” In Sinatra’s case, however, they were too few to mention, and inevitably he was satisfied that he had lived a life “his way.” If only all of us could live with Frank’s conviction. Unfortunately some decisions, especially those that have to deal with money, can often be decisions we look back on with regret….