Tag: retirement savings
6 Strategies To Inflation-Proof Your Retirement Portfolio
Initially considered “transitory” due to the economic re-emergence from the COVID pandemic, inflation now appears here to stay, at least for a while. The consumer price index reached an annualized inflation rate of 7.9% in February, the highest in over 40 years. Understandably, many people are concerned about the effect of inflation on their nest […]
How Much Money Do You Need To Save For Retirement?
How much money do you really need to save to retire comfortably? For many people, this question causes a lot of anxiety. On the one hand, you want to save enough so that you don’t run out of money after you’ve stopped working. Your retirement account should be large enough to cover you for the rest of […]
3 Smart Ways To Boost Your Retirement Savings
Although 77% of Americans have retirement plans in place, most don’t have enough savings to actually live comfortably during this stage in life. In fact, for Americans between 55-64, the median retirement savings totals around $107,000, which equates to as little as $310 each month. Fortunately, however, it’s not too late to boost your retirement savings without having to […]
Where To Retire Now…
Is $1 Million Enough for Retirement in America? The average American needs their retirement savings to last them 14 to 17 years. With this in mind, is $1 million in savings enough for the average retiree? Ultimately, it depends on where you live, since the average cost of living varies across the country. This graphic, using data […]
4 Tips To Consider For Financial Security During Retirement
Retirement planning should start today because when the time comes that you can’t work like you used to, your finances are going to change a lot. You might have questions such as what your end retirement savings goal should look like, the kind of investments that would help you reach that goal, what kind of […]
10 Things You Need To Know About Retirement
Retirement is something many of us don’t think much about, until it becomes our turn. We all tend to think it shouldn’t be of much importance now, especially while we are young and active. That’s wrong! In fact, it should be one of the things we seriously consider as we go through life. Emile, a […]
3 Ways You Can Achieve Financial Independence And The Retirement Of Your Dreams
My life’s ambition is to help as many people achieve financial independence as possible. That means being able to retire comfortably, as early as possible, in order to live life on your terms, not those of your boss. I recently came across an inspiring article that highlighted a married couple whose financial situation mirrors that […]
3 Essential Facts You Need To Know About Social Security
Social Security was formed in 1935 during the Great Depression. It was initially meant to serve a dual role. First, it was meant to alleviate poverty among the elderly. Second and more importantly, it was meant to allow older Americans to quit the workforce and make room for hiring the massive amount of unemployed younger […]
Want To Retire Confidently? Set A Retirement Savings Target
It’s no wonder that many people fall short with retirement savings. They have no idea what they need. It would be impossible to know if you are on track without having a retirement savings target to shoot for. People tend to fall into three categories when it comes to retirement savings. The confident, the worried, […]
