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Retirement Planning Blog

on 29 February, 2016

Brighten Up Your Retirement Years

After many years of working, everyone wants to enjoy their retirement. However, a meaningful retirement won’t come about just on its own. Taking certain steps before and during your retirement years will help.

Of course, many of these steps aren’t related to financial preparation. Determining causes you’re interested in volunteering for, having a robust social network, and being around family in your later years are a few other ways of enrichening your life. Read on for helpful points to make your retirement experience as rich and fulfilling as possible.

Ways to Enrichen Retirement Life

on 18 February, 2016

Retirement Trends for Baby Boomers

Surveys confirm Americans will face a number of retirement issues. It’s optimal to plan ahead so you can account for these benchmarks. But what about if you’re already retired – or what if retirement is just around the corner?

According to Pew Research, each day 10,000 additional baby boomers turn 65 years old. Since this trend is set to persist over a 19-year period, it’s certainly one that’s been redefining retirement. In fact, baby boomers will face many unique trends in their retirement years.

Let’s cover some of these trends below.

Pressing Boomer Retirement Trends

on 04 February, 2016

Top Retirement Issues

In the past, we’ve discussed ways to catch up on retirement saving. Other areas of focus have been how to determine how big your retirement fund should be, and the financial challenges seniors will face in retirement.

But what about retirement issues, in general? From healthcare expenses to accounting for all years of living in retirement planning, there’s a wide landscape with which to contend. Read on for more information about the top retirement issues of today.

What Retirement Issues Do Americans Face?

on 27 January, 2016

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In the past, we’ve looked at retirement planning strategies for specific populations, like self-employed Americans or women. But what if someone is part of the segment of Americans who aren’t that well-prepared for retirement?

According to a survey conducted by BankRate.com, 36% of surveyed adults say they didn’t have a penny saved for retirement. Around 25% of the people aged 50-64 in the survey reported they had yet to start their retirement savings. These findings are consistent with data found in previous surveys. In fact, previous data shows there’s a wide gap between Americans’ retirement expectations and what they’re actually prepared for.

A big part of it is because many American households live paycheck to paycheck. So what steps can you implement to catch up on retirement savings? Read on for some helpful tips.

on 20 January, 2016

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In the past, we’ve talked about the importance of being prepared for retirement. Of course preparation is different for everyone. For one, women will have different retirement needs and goals than men.

It also depends on what employment capacity you’re in. If you’re employed by a large company, for instance, you may have a retirement pension plan via your employer (though these sorts of perks from employers are disappearing). But what about planning for retirement if you’re self-employed?

According to various data sources, there are roughly 10 million self-employed Americans – from business owners and independent contributors to freelancing professionals. In a recent TD Ameritrade survey, around 55% reported they’re behind on retirement savings. On the whole, baby boomers have an average windfall of being $335,000 down from their retirement savings objective.

on 30 December, 2015

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In the past, we’ve discussed what retirement expectations are today – such as what Americans consider to be an ideal retirement. But on the other hand, this is balanced by recurring fears about retirement security. For one, many Americans worry about whether they will have enough retirement funds to live comfortably.

Then there is the issue of unrealistic expectations. A growing body of data shows Americans believe they’re more ready for retirement than they actually are. A recent study by the Transamerica Center for Retirement Studies showcased this trend. The study surveyed 4,000+ workers aged 50 and 2,000+ recent retirees, and then compared the workers’ responses with the retirees’ recent experiences in retirement.

What Does the Study Say about Retirement Expectations?

on 16 December, 2015

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In a prior blog post, we discussed common myths about post-retirement employment. As covered, many Americans believe they’ll be able to cover any shortfall in retirement funds by continuing to work. But this expectation may be disrupted by health issues or other unanticipated life changes.

Like expectations about working longer, there are some common misnomers about risk management in retirement, as well. “Risk management” refers to the amount of risk someone tolerates in their financial portfolio – or the potential for their investments to experience a setback. It shows the flip-side of retirement planning: Having a plan in place is optimal, but it’s important to be prepared for making readjustments, as well.

Let’s consider some prevailing myths about risk management in retirement planning – and how you can avoid these downsides in your own efforts.

on 09 December, 2015

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In the past, we’ve covered some of the financial challenges seniors are likely to face in retirement. In turn, these hassles have played a role in shaping Americans’ retirement expectations. One of the growing trends is post-retirement employment.


At present, many people have a shortfall in retirement funds. For instance, the Boston College Center for Retirement Research found many Americans were greatly underprepared. According to the center’s data, as of 2013 half of American households didn’t have enough money to sustain their current standard of living in retirement.

Despite this challenge, many Americans believe working longer will help cover the shortfall. This belief is increasingly giving way to a new expectation: that post-retirement employment in itself is enough to make up for not having a retirement plan. But the truth is many factors can unbalance this approach and lead to unnecessary financial hardship.

on 25 November, 2015

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The holidays are around the corner. It’s getting closer to cherished times with family and friends. But for many Americans, this memorable period comes with its own stresses. Apart from the “typical” hustle-and-bustle, the holiday season itself presents many financial pressures. 


As we’ve covered before, seniors already face a number of challenges in retirement. Say your family is living out-of-state. If finances are already tight, travel could be costly and difficult. Like seniors, working Americans have their own difficulties, too. Many households struggle with just having enough retirement funds as current household expenditures take priority. For instance, in a 2014 study by BankRate.com, over 33.3% of American workers didn’t have any retirement savings.

on 18 November, 2015

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In the past, we’ve discussed how not planning for retirement comes with downsides. But what if you’re just a few years from retirement? Or what if you and your partner already are retired?

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