Category: Retirement

Data Shows How Bad American "Retirement Crisis" Really Is

Are you properly preparing for retirement? If you're like many Americans, the answer is most likely "no" — and that's a big problem. As CNBC reports, data shows that the majority of Baby Boomers as well as other generations are woefully ill-prepared for retirement, with savings, pensions, and Social Security benefits all lacking. Starting with private retirement savings, Vanguard found that the average 401(k) account value for individuals over 65...

A Guide to Understanding Your Retirement Account Options

These days, retirement is proving to a massive topic. Between consistent talk and speculation about the future of Social Security to the fact that we as humans tend to be living longer now, there have been many efforts to make individuals aware of how they should be preparing for retirement. While you may know the basics — such as start early and save as much as you can — you...

Renovation Tips for an Age-in-Place Smart Home

A house is more than walls, roofing, and appliances — those are just the requirements to make a building. A house is where you raise your kids, where you cook breakfast on the weekends, where you celebrate holidays with your family. It’s a place where you can sit in contentment, growing old with the ones you love, living your life in it day by day. For most Americans, buying a...

New Study Ranks the Best States to Retire In

One of the biggest decisions workers will make in their lifetime is when to retire. However determining where to retire can be equally as important. While lifestyle, weather, and amenities can often lead this conversation, financial factors such as cost of living and overall tax burden should also be considered. To help guide you, a new study conducted by the financial resource site WalletHub compared all 50 states (they excluded the District of...

How to Plan a Realistic Retirement Budget

Retirement should be a time of reduced stress but if you don't have a realistic budget in place you could end up causing yourself even more stress than when you were working. No one wants to spend their twilight years stressed over paying bills so getting a budget in place now is key for a happy retirement. Why Do You Need a Retirement Budget? One of the most important reasons...

Money at 30: Walking Away from 401(k) Matching Funds

As I've written about in the past, one of the best ways to boost your retirement savings is to max out the free money you can earn from employer matching. With that in mind, the question then becomes: when does it make sense to walk away from those matching funds?