The COVID-19 pandemic isn’t just impacting every aspect of our everyday life. It’s also impacting our future. In fact, 1 in 5 Americans are now saving less for retirement due to COVID-19. But on the other hand, 16% of Americans say they’re now saving more for retirement due to the forced spending decrease. Of course, […]
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Retirement is a sensitive subject for most people as it’s a life stage where a person has to adjust their life in a big way. No one is ever ready for the psychological impacts, especially if their career is tied to their identity. Financial security is also a serious concern for many pre-retirees who worry […]
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COVID-19 has certainly set some retirement savers back. About 17% of Americans are saving less for retirement due to COVID’s impact on their finances, according to a survey by The Penny Hoarder, and one third of Americans also say they will retire later than initially planned because of COVID, according to a study from Age […]
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As a whole, Americans aren’t saving enough for retirement. 22% of Americans have less than $5,000 stashed for their golden years, and only 5% have between $5,000 and $24,999 saved for retirement. Only 16% of Americans have $200,000 or more saved for retirement. In other words? It’s time to change the way you shape your […]
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Millennials have an average of $51,300 in personal savings and $63,300 in retirement accounts, well behind baby boomers, who have an average of $102,400 in personal savings and $138,900 in their retirement accounts. Then, there’s you. You did your best and scraped as well as you could, but the total comes out to $500,000. And […]
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For many Americans, an IRA or qualified plan is the best way to save money for the future. These accounts are straight-forward, traditional, and easy to use, which is a large part of why Roth IRAs are so appealing to the average person. A lot of the time, people opt to open an IRA account […]
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After a life spent working, you want to be able to retire comfortably. This begs the question: how much do you need to invest in order to be able to retire comfortably? This article will examine this question in order to help you to create a framework for investing during your working life. There is […]
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