Our featured article of the month, Should You Prepare to Retire on 80% of Your Income, examines the assumption of whether that large of a percentage of your pre-retirement income is necessary to maintain your standard of living. With calculators a plenty on 401k sites and banking sites trying to help investors figure out "their number",...
Our featured article of the month, Rehearsing for Retirement, illustrates ways to trial run your departure from your working life to your retirement life by role playing in your own future production. While it may sound a little unsual, this rehearsal method can help you develop and then test the mindset you may encounter when the...
Our featured article of the month, Should You Downsize for Retirement?, asks some thought provoking questions and considerations when trying to decide where to live in retirement. If the family house is now an empty nest, wouldn't it make sense to downsize either to a familiar area surrounded by your support systems or near children and family? Sounds...
Our featured article of the month, Are You Retiring Within the Next 5 Years?, asks some foundational questions when considering and planning for your future retirement. Questions regarding necessary income levels to cover expenses, retirement home(s) location considerations, as well as portfolio adjustments based on your needs. Additionally, considerations for your retirement lifestyle, meaning, what are...
Our featured article of the month, Wise Decisions with Retirement in Mind, highlights some of the larger goals that should be explored prior to ultimately making the decision to retire. While the article describes some sound prudent steps to help you determine your retirement readiness, others speak to the retirement lifestyle you are seeking to obtain. For instance,...
Our featured article of the month, End of the Year Money Moves, provides a few questions that may help you consider some necessary or prudent moves prior to year-end. With another year of significant disruptions, work statuses may have adjusted, resulting in changes in your tax status. You may have increased your charitable contributions due to the...
Our featured article of the month, Are Your Taxes Going to Change?, briefly touches on the pending legislative actions being proposed in DC that may impact your personal finances. As mentioned, this process will likely take months to iron out and may very well never get passed at all. However, the significance of the proposed legislation...
Our featured article of the month, A 6.1% Bump In Social Security?, briefly describes the potential for one of the largest COLA (Cost Of Living Adjustments) in almost 40 years. With the topic of the day centered on inflation, the rising cost of goods and services, seniors collecting SSA benefits may see quite a significant...
Findings From EBRI’s Spending in Retirement Survey Summary InfoGraphic PDF The Employee Benefit Research Institute’s (EBRI’s) Spending in Retirement Survey was conducted in September 2020. An online survey, the Spending in Retirement Survey queried 2,000 individuals ages 62 to 75 about their spending habits and their situation at and during retirement. Ninety-seven percent reported being...
Our featured article of the month, 2021 Retirement Confidence Survey, illustrates just a slice of the immense amount of data EBRI tallied in their annual survey of retirement expectations. A summary of the 35 page report can be found HERE and an infographic on retiree spending can be found HERE. As stated in part of...
