Blog -

Retirement Planning Blog

on 27 January, 2016

SafeMoneyMasterLogo img

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, 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.

Read More
on 18 November, 2015

SafeMoneyMasterLogo img

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?

Read More
on 20 January, 2016

SafeMoneyMasterLogo img

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.

Read More
on 05 November, 2015

SafeMoneyMasterLogo img

In a prior blog post, we discussed the importance of discussing financial matters with the family. When it comes to retirement lifestyle needs, it’s important to take heed of potential pitfalls as well. There are a number of challenges which could impact seniors’ financial security.

Greater generational wealth, increased life expectancy, and technological innovations all have exercised a heavy hand on the retirement planning process. Now there are more years for which seniors should plan financially. But what are some of the challenges which can impact retirement security?

Let’s take a closer look at some of these potential pitfalls below.

Read More
on 16 December, 2015

SafeMoneyMasterLogo img

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.

Read More
on 21 October, 2015

SafeMoneyMasterLogo img

Retirement security continues to be a pressing concern for Americans. But many people aren’t taking steps to prepare themselves. In late May 2015, The “Report on the Economic Well-Being of U.S. Households in 2014,” published by the Federal Reserve’s Board of Governors, offered many concerning insights into this landscape. 

In the study, 31% had no retirement savings or defined-benefit pension. It was reported 39% of those surveyed have “given little or no thought to financial planning for retirement.” Moreover, these trends were somewhat reflected in people’s expectations for the future. The study showed 26% said their retirement plan consisted of working as long as possible. Likewise, 12% said they never planned to retire, and 45% reported they would work somewhat to keep money coming in.

Read More
on 09 December, 2015

SafeMoneyMasterLogo img

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.

Read More
on 16 October, 2015

SafeMoneyMasterLogo img

In a prior blog, we’ve covered what a dream retirement lifestyle may look like. Other discussions have centered on the importance of planning for retirement or the array of retirement vehicles available. But what about the process of retirement planning itself?

Retirement planning isn’t limited to just people and their advisors. When someone reaches retirement age, support networks become important. Responsibilities shift. Family members are actively involved in their parents’ caretaking. Or they may take on the role of caretaker for their parents.

Read More
on 25 November, 2015

SafeMoneyMasterLogo img

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, over 33.3% of American workers didn’t have any retirement savings.

Read More
on 30 September, 2015

SafeMoneyMasterLogo img

In prior blog posts, we discussed the importance of preparing for retirement. After all, it’s a critical component of a secure post-retirement lifestyle. Having an effective, personalized retirement plan will help bring lasting peace of mind. 

Unfortunately, surveys continue to show Americans have strong anxiety about their retirement. A recent PricewaterhouseCoopers survey report offers insights into current levels of retirement confidence. In the 2015 Employee Financial Wellness Survey, retirement confidence was stronger than last year’s survey. 57% said they weren’t confident they’d be able to retire when they wanted to – down from 60% in 2014 and 65% in 2013.

Read More

Proud Member

 FBIC LogoHorizSOFA Logo1

Contact Info

Safe Money Broadcasting Home no glow img

1107 Key Plaza #450
Key West FL, 33040-4077

Find a Financial Professional

bottom map