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Why The Average Retiree’s Net Worth Is A Deceiving Statistic
Not enough Americans are saving for retirement. What’s new, right? According to the 2018 Retirement Confidence Survey conducted by the Employee Benefit Research Institute (EBRI), only about two-thirds of Americans say they or their spouse have saved anything for retirement, leaving millions of Americans with no retirement savings.
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Pros and Cons of Investing in an IRA during Retirement
As more and more people are working in retirement, retirees often need to determine the best strategy for saving or investing their incomes. One option is to save and invest in an IRA during retirement. For one thing, many retirees already have an IRA set up by the time they get to retirement. However, there are pros and cons to investing in an IRA in retirement, and in some cases, you might be prohibited from doing so. What follows are some of the benefits and drawbacks to investing in an IRA during retirement.
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You Might Be On The Hook For Your Parents’ Nursing Home Costs
The annual cost of care study was just released by Genworth, showing the average private room in a nursing home – for the first time ever – costs over $100,000 a year. If that number doesn’t shock you, it should.
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How Does the Teacher Retirement System Work?
American public schools currently employ roughly 3.2 million full-time teachers, and about 2 percent of those retire annually. That means around 64,000 teachers go into permanent summer break every year.
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How to Buy a Home for Your Retirement Years
While retirement planning can be extremely complex and demanding, deciding where to live in retirement is one of the biggest decisions you must make, since it carries both financial and lifestyle implications.
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How Does the Civil Service Retirement System (CSRS) Work?
The Civil Service Retirement System (CSRS), created by the Civil Service Retirement Act of 1920, is a defined benefit and retirement savings system for certain federal employees. The CSRS was replaced by the Federal Employees Retirement System (FERS) for federal employees who started service on or after January 1, 1987. So while new federal employees are not in the CSRS system, millions of Americans are still impacted by it.
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The Lesson I Learned From Bill Belichick And Why It Will Help You Choose The Right Financial Advisor
We watch it every year, but the game never gets old. Beginning in January, the season’s best NFL teams literally go head-to-head, competing for their respective conference titles and, ultimately, the Super Bowl Championship. It’s as American as the estimated 1.34 billion chicken wings consumed, and $1.3 billion spent on beer on Super Bowl weekend.
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Only 26% Of Older Americans Are Retirement-Literate — Find Out If You Can Do Better
A recently published research study in the Journal of Financial Planning shows that financial literacy has a huge impact on having a more financially secure retirement. The research consisted of data collected from roughly 1,200 Americans between the ages of 60 and 75, with at least $100,000 of investable assets – the data set excludes many lower income Americans.
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Worsfold Wealth Management Announces Affiliation with Barron’s Hall-of Fame Firm, Carson Wealth
January 4, 2019 – Joel Worsfold, a top 10 Wealth Brokerage Services advisor based in Des Moines, Iowa, today announced he and his team at Worsfold Wealth Management have joined Carson Wealth – an independent, Barron’s Hall-of-Fame nationally ranked advisory firm.
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Wall Street pros aren’t the only investors feeling the heat in the current market plunge
Investors are likely getting more volatility than they bargained for this late in the year. With the stock market continuing its downward slide, individual investors may be tempted to sell stocks and sit with their cash on the sidelines until the carnage ends.
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