Retirement has changed significantly over the years. It used to be simple for companies to create a pension plan that offered employees financial support after they left their positions. Today, employees want and need much more. As you are working to create an employee retirement plan for your staff, there are a few key things to look for and to invest in for your team.
Retiring early isn’t impossible. With careful planning and organization, it is possible to retire in your 50s or early 60s, sometimes sooner. The key to making this possible is to put a plan in place right now. Take into consideration a few ways you can retire early.
Social Security is one of the most common income funds for retirees. But did you know Social Security most likely won’t cover all your expenses in retirement? In fact, according to a recent USA Today article and data from the Bureau of Labor Statistics, Social Security and private pensions make up only half of the income for the average retirement-aged household.
Reaching retirement is a milestone worth celebrating; you’ve saved wisely for years, and now you’re ready to reap the benefits of your hard work. At the same time, you may want to explore some investment opportunities to maximize your retirement income and continue living your best life.
Many financial advisors suggest that in order to retire, you should aim to replace 70-90 percent of your pre-retirement annual income. While this is a good place to start, this is a general rule that doesn’t take into account your personal financial journey. Before you calculate your retirement goal, there are multiple things to consider.
In order to make your money last in retirement, it’s important to balance money going out with income coming in. Many retirees need to go back to budgeting basics to avoid running out of cash every month.
If you’re wondering if you should be doing a retirement plan checkup, the short answer is “yes.”...
Smart investment strategies for building wealth may look a little different if you’re nearing retirement or already retired. With little room for error, if you aren’t taking the right steps, you could end up missing out on valuable income that you need to live comfortably in your retirement years.
The prospect of retirement can be quite exciting, especially if your own retirement date is right around the corner. At the same time, many soon-to-be retirees find themselves anxious or worried about their finances post-retirement. Fortunately, there are some steps you take before you retire to give you added peace of mind as you approach your golden years.
For many people, saving for retirement is a bit tricky. We recognize that it’s deeply important, yet because retirement is in the future, it feels a bit abstract. Our present day money issues seem much more pressing by comparison.