When 2018 comes in as a good year for corporate pension funds, and 2019 isn’t a good year at all, we may wonder if the people who run these funds know what they are doing. Many people yearn for the good old days where a lot of people had a pension plan, and especially ones […]
Retirement accounts such as 401(k)s can be valuable tools to put you in a better financial position in retirement. It is important not to commit mistakes with them though. The biggest mistake people make with their 401(k) retirement accounts is not contributing as much as they could. It is not that these people have so […]
While investors are advised to seek professional guidance when it comes to managing their retirement savings, we shouldn’t necessarily just rely on the advice of others. When stock markets move significantly, especially when they move downward or may be expected to, this often attracts a lot of attention from retirement savers. Knowing what to do […]
Less than 10% of employee-sponsored retirement plans offer an annuity option, although this may change with new federal legislation about to be passed. There is much debate about whether it is a good idea to put some or all of your retirement savings into an annuity, and there are arguments for this on both sides. […]
Many younger people now believe that they don’t need to worry about retirement, since it won’t matter with the apocalypse coming. This gives us some real insight into how they think. It’s hard enough to get young people to save for anything, let alone retirement. They really don’t need much of an excuse not to […]
Just about everyone believes that as we get nearer to retirement, and especially after retirement, we should be more conservative with our investing. Is this the right approach? There are good reasons behind our recommending that people be more aggressive with their investments early in life and more conservative as time goes on, and this […]
While financial advisors always have told us to wait until age 70 to collect Social Security benefits, the changing landscape of Social Security should have us rethinking this. Whenever we’ve done the math on the comparative benefits between taking Social Security earlier or later, later has always won out, provided that we at least expect […]
While many of us work away at putting money away for retirement, we do so without a real sense of what we will need. When we look at how we are doing, the numbers are terrible. It is no secret that Americans really don’t put as much into their retirement as they should. Perhaps we […]
People just don’t save enough for retirement generally, and some of this has to do with their lack of consideration. We should help them connect the dots to the future better. It’s not really that easy for people to properly decide between present and future value when it comes to making decisions on how much […]
Forced to decide between funding their pension plans and other government spending, U.S. states have chosen to neglect their pension liabilities. The problem is growing larger. Governments, by nature it seems, spend quite a bit more than they take in. We could even say that this is the nature of democratic governments, where parties compete […]