Life has gotten complicated: with the dysfunction and debacles in Washington, the constant loom of interest rates rising, the unemployment numbers hovering and personal/business stress at an all time high, saving for retirement has seemed to have taken a back seat to fear, saving for college, and just keeping our head above water. I seem…
Read more
Retirement Income Projections – The Main Factors To Consider
There are two stages in our life with regard to money: the accumulation phase, from the time we start working until retirement. In the beginning, we focus on the accumulation phase: the time sacrifice now for a great life later. During the accumulation stage, which may stretch forty years or so, we diligently put away…
Read more
You Just May Live Longer Than You Thought!
Recently I viewed a commercial by Prudential that asks people the age of the oldest person they know, and to put a blue circle on a huge wall by age. I was shocked to see the results (even though it was a commercial): clearly, Americans are living longer…and hopefully, so will you. The big question…
Read more
401(k) Loans – Not the Best of Ideas
With the economy as challenging as it is for American households since 2007, more and more people have been forced to take loans from their 401(k) and 403(b) plans in the past few years. Of the largest fiduciaries of retirement plans, Charles Schwab estimates loan withdrawals averages of 13.7% of active participants, Vanguard reports 16%…
Read more
