retirement

For many Americans, social security may be their largest — if not only — source of income in retirement. However, the ins and outs of how retirement income works, how much income can be expected and how feasible the reality of maintaining current lifestyles are not always that clear....

On Tuesday, the Senate will vote on repealing a new rule aimed at protecting retirees from being preyed upon by financial brokers. President Barack Obama released the new rule in April, which requires brokers to operate with their clients’ best interest in mind. In the past, these brokers...

Most people invest in a 401(K) plan with high hopes of strong returns on their investment. However, the only thing guaranteed when it comes to your 401(k) plan is that participation comes at a price. According to a new Hearts and Wallets poll, many Americans don’t realize how much their 401(K...

For whatever reason, there is likely to come a time where you will have to breach an extremely personal — and therefore often equally uncomfortable — conversation with your parents. Akin to "the talk" parents give their children, "the money talk" children eventually have with their...

When asked to describe retirement goals, many respondents highlight a certain figure or tangible item that demonstrates they have “made it” — a summer residency, a debt-free financial portrait, a BMW Z4 sDrive35i or something else that outwardly expresses “I’ve...

So much has been written and theorized about Millennials and money; juxtapose that with fears of under-investing in the market and government-assisted retirement programs depleting at a rate that cannot keep up with population growth under current taxation, and the present and future for...

Having a mortgage when you’re nearing retirement age can be a scary prospect. However, it’s not an unheard of situation. For whatever reason, whether your mortgage term extends into your retirement-date goal or you’ve had to take out a second mortgage/refinance your home and the...

Because of the economic environment, concerns over depleting federal aid and forecasts of insufficient funds for future generations, saving for retirement is one of the most pressing financial concerns for many Americans in every age demographic. While saving for your later years has been...

As Financial Literacy Month comes to an end this week, it's a perfect time for an honest financial conversation. Regardless of who you are, how many years you have under your belt or what your financial situation is, you have absolutely phenomenal capabilities to be financially secure. Be...

2016 is a bit different than years past, as the tax deadline is not on the typical April 15, but rather on the 18th of the month. Thanks to Emancipation Day, a legal holiday in Washington, D.C., falling on Friday, the deadline was extended until the next business day. However, despite the...

There are many reasons retirees may consider selling their home once they retire or hit a certain point in retirement. Making that decision, however, is not easy, nor should it be taken lightly. Moving Motivations Before any decisions are made, it is important to delve into the reasons you wish to...

Countless Americans have no retirement savings; according to the Federal Reserve's 2014 Survey of Household Economics and Decisionmaking, the number of Americans who are planning to continue working past retirement can be assumed to be around 38 percent. Source: Federal Reserve, 2014 Report On...

The statistics are all around, and the accompanying headlines tell a bleak story. It's probable that the Sandwich Generation is uncomfortably underprepared for retirement. According to an Insured Retirement Institute study, 31 percent of Sandwichers who are still employed do not have a retirement...