Your Retirement Nest Egg – A Carton Full of Options Many people refer to their retirement savings as a “nest egg”. However, in theory, it should be made up of many sources of retirement income – many eggs. Even if Social Security and a 401K were their only retirement savings …
2020 is Your Year to be Money Savvy SAVVY: Adjective | Pronounced sav-ee | Having or showing perception, comprehension, or shrewdness especially in practical matters | Money Savvy: Smart with money, money wise, financially astute, shrewd. If you started saving for retirement early, chances are you’ll hit your retirement goal. …
Aging in Place: Growing Older at Home The U.S. population continues to age, with the baby boomer generation now the largest retirement age generation ever. By 2035, one in three heads of households will be someone age 65 and older. The American population will have one in five people age …
Understanding Fixed-Income: For Today and the Future Fixed income is something many investors don’t understand, according to the 2019 survey, “Fixed Income, Not Fixed Thinking,” by BNY Mellon Investment Management, one of the largest asset managers in the world. The study revealed that the majority of Americans surveyed have a …
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Retirement Plan Contribution Limits Increase in 2020 In November 2019, the Internal Revenue Service (IRS) announced the cost of living adjustments for 2020 for most retirement savings plans. However, IRA contribution limits will stay the same. If you plan to make the maximum contributions you can in 2020, here’s what …
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10 Financial Tasks To Complete Before 2020 (Yes, You Still Have Time) Here we are, already to the end of 2019! The end of a year and the start of a new one is when most people decide to clean up and implement changes in some areas of their lives. …
Is Lowering Interest Rates Good for the Economy and the Markets? Interest rates can have a positive or a negative effect on the U.S. economy, the stock markets, and your investments. When The Fed changes the Federal Funds Rate (the rate at which banks can borrow money to lend to …
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Social Security 2020: Increasing Taxes, Payments, and the Full Retirement Age Social Security Retirement benefits are set to increase in 2020- a modest 1.6% increase for the average retired worker that adds an extra $24 per month to their retirement check. Retired couples will see their combined benefits grow to …
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Today’s Pre-Retirees: Financial Planning with a Contingency Plan The demographics of retirement and a ‘retired person’ is rapidly changing worldwide. Over the past 200 years, there have been remarkable changes in health and wealth around the globe. Now, there is a converging demographic between countries, thanks to world aid and …
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A Better Measure of Financial Health: Net Worth Consistent growth in income or assets are indicators of positive financial health, but when liabilities grow faster than assets, or the value of assets drop, the result is negative net worth. Net worth is calculated by subtracting liabilities (owed debt) from assets …
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