Savings
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One in Five Americans Have No Retirement Savings. Do You?
May 23 2024
20% of adults ages 50+ have no retirement savings, 61% worry they won't have enough at retirement, as per new AARP survey. Plus six tips to start saving now....
kiplinger.com
Why We Should Talk About Money More Often
May 18 2024
For many people, the subject of money carries a certain stigma in social settings, especially when discussing income, retirement savings, ... Read more...
physicianonfire.com
Are You Among the Wealthiest (Top 5%) of All Retirees?
May 18 2024
Average retirement savings is a popular topic. But, new analysis using the Survey of Consumer Finances (SCF) data reports on what it takes to be in the top 1%, 5%, 10%, and 50% of wealthiest retirees....
newretirement.com
Your Money: Getting Started With Savings
May 18 2024
The earlier you begin trying to save, the easier you’ll make things for your future self....
nytimes.com
Seven Habits for a Happy Retirement
May 17 2024
A long and happy retirement takes more than just money. Here are seven things happy retirees do – besides dutifully saving the money they’ll need to quit the 9-to-5 grind....
kiplinger.com
Budgeting for Personal Development and Putting $20,000 a Year into Yourself
May 11 2024
By Dr. Dan Fosselman, Guest Writer There are multiple rules of thumb in personal finance. Set aside 15%-25% for savings, don’t spend more than 30% on housing, tithe 10%. John Maxwell, an author ...
whitecoatinvestor.com
Leaving a Legacy: Tax Savings for Your Heirs
May 11 2024
Watch this free clip from the “Estate Planning in Your Retirement” online course. Shane Perry, a TRS financial planner and course instructor, walks us through three possible scenarios for ...
theretirementsolution.com
Guide to Military Benefits for Retirement, Pay and Savings
May 09 2024
Benefits for those who serve in the U.S. military can sometimes be complex and confusing. Here’s what to know about how to optimize some of them....
kiplinger.com
How Women Can Increase Odds of Saving Enough for Retirement
May 08 2024
Pursuing financial literacy and taking advantage of savings opportunities, such as employer-offered 401(k)s, can give women saving for retirement a leg up....
kiplinger.com
The Earlier You Take Advantage of Your 401(k), the Better
May 02 2024
The power of compound interest can turn modest contributions into big savings for retirement....
kiplinger.com
Tips to Help Single Women Struggling to Save for Retirement
May 01 2024
The gender wage gap and taking time away from the workplace for caregiving duties make saving for retirement a bigger challenge for many women....
kiplinger.com
Ask a Financial Pro: The Future Seems Uncertain. What's the Point of Saving for Retirement?
May 01 2024
Retirement savers can make reasonable assumptions about the future....
money.usnews.com
What The New Fiduciary Rule Means For Your Retirement Savings
Apr 30 2024
This might seem like inside baseball, but it will have a big impact on the way you save for retirement. Don’t wait until it’s too late to know what that impact is....
forbes.com
Workers Need Both Retirement Savings (RSAA) And Social Security
Apr 25 2024
The Retirement Savings for Americans Act, currently pending in Congress, is also part of the solution....
forbes.com
America's 5 richest retirement towns
Apr 24 2024
Retirement doesn't have to mean scrimping and saving. Here are five parts of the country where seniors are living large in their golden years....
financial-planning.com
9 Ways to Overcome the Terror of Spending Your Retirement Savings
Apr 19 2024
Terror about retirement spending is not uncommon. In fact, most people are worried about spending their nest egg and running out of money. After all, you have been conditioned for decades to earn, not...
newretirement.com
The Most Important Retirement Decision For Pre-Retirees
Apr 17 2024
Shift your decisions from saving for retirement to living in retirement, and focus on the retirement decisions with the most impact....
forbes.com
Ask a Financial Pro: What Can a Financial Advisor Do for My Retirement Savings That I Can't Do on My Own?
Apr 16 2024
A financial advisor's dedicated expertise, time commitment and skills in helping clients manage emotions can be valuable....
money.usnews.com
What Happens Financially When You Work One More Year?
Apr 14 2024
The impact of saving more, spending less later and benefiting from an extra year or more of compounding can be truly staggering....
kiplinger.com
15 Common Roth Conversion and Savings Mistakes People Make
Apr 12 2024
It is highly likely that you have considered saving (or converting existing savings) into a Roth IRA or 401k. Someone, a friend, family member, advisor, your bank, or colleague may have recommended it...
newretirement.com
Secure the the Life You Want: 7 Questions To Ask Before Retirement (It’s Not Just About Savings)
Apr 12 2024
Life can pass quickly when you are occupied with work, family matters, and the never-ending to-do list. Before you know it, your retirement years have arrived sooner than expected. No matter your age,...
newretirement.com
Americans Are Worried About Retirement Savings, And They Should Be
Apr 11 2024
This week is America Saves Week, a time to focus on actions Americans can take to successfully save....
forbes.com
Going from extreme saving mindset to spending for a good life
Apr 10 2024
I retired literally on the day before the US stock and bond markets began to tank in 2022. So starting my retirement while watching the value of my portfolio go down and down and down while inflation ...
reddit.com
5 Perks of Saving for Retirement in a 401(k)
Apr 09 2024
Saving for retirement is essential, and a 401(k) plan can be an effective way to have a comfortable retirement. Yet, according to a 2023 survey, 4 in 10 workers with a 401(k) don’t contribute.&s...
401kmaneuver.com
Americans think they'll need $1.5M to retire, but their savings are nowhere near that
Apr 05 2024
The "magic number" Americans think they'll need for a comfortable retirement went way up this year — but their actual savings went down....
financial-planning.com
National Retirement Plan Would Lift Low-income Saving
Apr 05 2024
Virtually all high-income workers in this country are saving in some type of employer retirement plan. But only a minority in the lowest-income group are. A new study tackles this serious shortfall fo...
crr.bc.edu
Have You Reached 59½? Time to Rethink Your 401(k) Options
Apr 05 2024
A rollover IRA might be in order to help protect your retirement savings from potential (and potentially disastrous) market downturns....
kiplinger.com
China’s Youth Are Giving Up on Saving for Retirement
Apr 05 2024
Citing a rapidly aging society, difficult job market and uncertainty about the future, some young people are rejecting the idea of saving for old age....
nytimes.com
Women Feeling Derailed With Retirement Savings
Mar 31 2024
Two separate reports point out declines in financial confidence and longevity concerns among…...
401kspecialistmag.com
How To Boost Your Retirement Savings By 3% Overnight
Mar 30 2024
Robinhood is offering a 3% match when you transfer an IRA to its platform. We look at the terms of this deal and how easy it is to transfer an IRA to Robinhood....
forbes.com
429: Do You Have Good 401(k) Hygiene?
Mar 29 2024
Saving for retirement is enough of a challenge. Don’t make it harder on yourself by losing track of your old investment accounts. In this episode, we discuss: Four options for your old 401(k) ac...
retirewithpurpose.com
Why Bernie Sanders Is Right About America’s Retirement Crisis
Mar 27 2024
Nearly half (44%) of all American households with members aged 55-64 have no savings at all and will have to rely entirely on Social Security....
forbes.com
Labor Department Proposes New Fiduciary Rule to Protect Investors
Mar 27 2024
The Labor Department’s latest push for a new fiduciary rule would protect investors’ retirement savings and require financial services providers to change....
nytimes.com
Larry Fink Re-Focuses Stakeholder Capitalism On Securing Employee Retirement
Mar 26 2024
BlackRock Chair/CEO Larry Fink calls on companies to help support an organized, high-level effort to address a looming retirement savings crisis....
forbes.com
When Flying Toward Retirement, Secure Your Own Mask First
Mar 24 2024
Parents often feel compelled to help their kids pay for college, but when that could result in you moving in with them later, you should put your savings first....
kiplinger.com
Ask a Financial Pro: My Retirement Savings Are Up. Should I Retire This Year?
Mar 14 2024
If you are thinking of retiring soon, the strong stock market is certainly good news....
money.usnews.com
Daylight savings time change is no big deal now
Mar 11 2024
I used to dread it, especially when my alarm would go off before it was light outside. Now I wake up whenever I wake up and go to bed when I’m sleepy, so it doesn’t really matter what the ...
reddit.com
Younger 401(k) Participants Seek Personalization Features
Mar 09 2024
Gen Z respondents were likelier to share personal information about their retirement savings…...
401kspecialistmag.com
IRI Releases 2024 Retirement Security Blueprint Featuring 33 Legislative Proposals
Mar 09 2024
Among the recommendations includes those on expanding retirement savings opportunities and…...
401kspecialistmag.com
Saving for Retirement Can Mean Adding Some Debt Too
Mar 06 2024
In today’s world, workers need to save if they want to be comfortable in retirement. But there are also limits to what many people can afford. A new study finds that when U.K. workers were autom...
crr.bc.edu
Why Women Outlive Men but Save Less for Retirement
Mar 02 2024
Link to the original article Lower pay, fewer promotions and career breaks to have children make saving difficult; as a result, the poverty rate for older women is rising By Terri Williams for NextAve...
wiserwomen.org
What Is the 25x Rule for Retirement Saving?
Feb 29 2024
Here's how to use the 25x rule as part of your retirement plan....
money.usnews.com
Listener Q&A: Lifetime Tax Savings, Social Security Scenarios, Retirement Spending
Feb 28 2024
Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Spotify Podcasts” or read below for more answers to listener questions about...
keilfp.com
The strengths and weaknesses of 4 generations of retirement savers
Feb 26 2024
From baby boomers to Generation Z, Americans have a wide range of advantages and disadvantages when it comes to saving for retirement. Here's how they compare....
financial-planning.com
Saving for Retirement on Part-Time Pay: The Challenges for Women
Feb 18 2024
Link to the article Most part-time workers in America are women – leaving them with less access to retirement plans and less money to sock away. ByLisa Rabasca Roepe for the News York Times When...
wiserwomen.org
Money in College Savings Accounts Can Now Go Toward Retirement
Feb 17 2024
But there are caveats to moving the money into Roth I.R.A.s, and the government still has to issue guidelines about the option....
nytimes.com
Still Working? Consider 12 Ways to Supercharge Your Retirement Savings
Feb 15 2024
Save, save, save! You may feel like that’s all you hear when you’re researching how to plan for your retirement while you are still working. It’s good, simple advice, but there is so...
newretirement.com
IBM Reopens Its Frozen Pension Plan, Saving the Company Millions
Feb 11 2024
The company has stopped making contributions to 401(k) accounts, and instead gives workers cash credits in a new version of its old pension plan....
nytimes.com
Employers Can Now Enroll Workers in Some Emergency Savings Accounts
Feb 11 2024
But many companies are spurning the “clunky” legal requirements for accounts linked to retirement plans. Instead, some have stand-alone rainy day offerings....
nytimes.com
Money-saving strategy for retirees and near-retirees
Feb 08 2024
At a certain age you'll start getting invitations to listen to pitches for various financial planners and products. They're usually held at nice restaurants and include a good dinner. Always go. You g...
reddit.com
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About Savings
Saving for retirement is an important financial goal that can help you secure your financial future and ensure that you have the resources to live comfortably after you stop working. There are many ways to save for retirement, including:
Contribute to a 401(k) or other employer-sponsored retirement plan: Many employers offer 401(k) or other retirement plans that allow you to save and invest a portion of your income for the future. These plans often offer tax advantages and may even include employer matching contributions, which can help you save more.
Open an individual retirement account (IRA): An IRA is a type of investment account that is specifically designed for retirement savings. There are several types of IRAs, including traditional IRAs, Roth IRAs, and SEP IRAs, which are designed for self-employed individuals.
Save and invest on your own: If you don't have access to a 401(k) or IRA, or if you want to save more for retirement, you can also save and invest on your own. This can be done through a brokerage account, where you can buy and sell a variety of investments, such as stocks, bonds, and mutual funds.
Save and invest in other ways: There are also other ways to save for retirement, such as through a pension plan or by purchasing an annuity. It's important to consider all of your options and choose the one that best fits your needs and financial situation.
No matter what method you choose, it's important to start saving as early as possible and to contribute as much as you can to your retirement account. The more you save and invest now, the more you'll have to live on during retirement.