Retirement Savings Archives

September 20, 2021byKathleen Coxwell

Reverse mortgages provide older homeowners with an additional source of cash flow to supplement, and even enhance, their retirement savings. Depending on a borrower’s age, there are several ways that older retirees can maximize their reverse mortgage potential. A reverse mortgage allows homeowners age 62 and older to convert a portion of their home equity…

January 21, 2021byKathleen Coxwell

Keeping your retirement savings on track helps you meet your retirement goals. That seems like a very simple concept, and in a way it is. But living with that plan every day isn’t quite so simple. Knowing how much one should save for retirement is useful — it can motivate you to take action. And…

June 1, 2020bySteve Chen

Financial fraud against people 50 and older is a growing concern. Older Americans lost $1.6 billion in 2018 due to financial fraud, and the average victim lost $1,023 according to the FTC.Protect your retirement savings from financial fraud.Financial manipulation is subtle and can take place over a number of years, explains Peter Creedon, CEO of…

February 9, 2020byKathleen Coxwell

You might not think of it this way, but most of us get scammed — somewhat tricked — out of our hard-earned money every single day. Little expenses can add up to big bucks that we could be saving for retirement, spending on something you really need or want now, and being able to afford…

December 1, 2015byKathleen Coxwell

Self employment offers surprises everyday. New challenges and often a different income every month. As anyone who is self employed with an irregular income knows, retirement financial planning isn’t something that comes easy when you’re just not sure from one month to the next. Today might be a boon, and tomorrow might be a bust.…

September 28, 2015byKathleen Coxwell

Saving for retirement is hard. Knowing how to invest and manage your retirement savings might be even harder — and more important. The good news is there are increasingly new and better tools to help individual investors make good choices and automate the management of funds at a low cost. Here is a guide to…

September 2, 2015byKathleen Coxwell

The saying: “what goes up, must come down,” is not always true of the stock market over the long term. But when stocks fall in the short term, it is particularly troubling for those of us who need money for retirement. The financial crisis that started around 2008 severely impacted the retirement security of many…

May 28, 2015byKathleen Coxwell

Even if your earnings aren’t what you’d like, you can still save toward a healthy retirement. Planning for retirement isn’t a luxury that only the wealthy can afford. In fact, the less we earn the more important our retirement savings becomes to our futures. While we need our income now for day-to-day essentials, we’ll need…

January 20, 2015byMedia Shower

We asked financial advisor Ryan Monette about the biggest mistakes Americans make when saving for their retirement. His advice was to listen to whoever said to save eight percent to 10 percent of your wages right away. Although he was joking, saving something is better than saving nothing (of course). But Monette doesn’t believe in…

December 10, 2014byMedia Shower

Jeff Helms, founder and managing partner with First Coast Wealth Advisors, LLC, said of all the customers he has ever helped, no one has ever come to him and said they saved too much for retirement. In fact, many people worry that they haven’t saved enough. At least not enough to maintain the lifestyle they…

November 27, 2014byKathleen Coxwell

We’re guessing there might be one or two readers out there who are overwhelmed about the amount of money they need to save to retire comfortably. But there’s no need to panic, says Robert Henderson, president of Landsdowne Wealth Management in Mystic, Conn. “It’s one step at a time,” he says. “There are options to…

November 2, 2014byMedia Shower

Dr. Ros Altmann of PensionsAndSavings.com is known as a consumer champion and has spent a good part of her career “highlighting financial injustice, helping ordinary members of the public pro bono and explaining complex financial or economic issues for the layperson.” With her vast experience and strong knowledge base, her insight on retirement and investment-related…

October 7, 2014byKathleen Coxwell

Don’t let a rainy day dampen your retirement plans. Saving for a rainy day and saving for retirement aren’t the same thing at all. In fact, if you want to keep your retirement safe and sound, the two should never meet. According to State Farm, over half of Americans don’t have any emergency savings to…

September 5, 2014byKathleen Coxwell

While a hard and maybe scary question, it is critical for those approaching retirement to get a really good answer: How much should I save for retirement? With healthcare costs expected to be over $200,000 for the average 65-year-old couple retiring this year throughout their retirement, it’s important that consumers come up with a concrete…

August 25, 2014byKathleen Coxwell

Three in four middle-class Americans will eventually run out of money during retirement, research shows. And when nursing home and home health care costs are factored into retirement spending, the number of people projected to run out of money is staggering. According to the Employee Benefit Research Institute’s (EBRI) study on retirement shortfalls, by the…

July 28, 2014byKathleen Coxwell

In much of life, there’s a tendency to compare your lifestyle to others, whether it’s the size of your house, the kind of car you drive, or where you go on vacation. Now, financial firms are asking whether keeping up with the Joneses might actually be a good strategy when it comes to saving for…

Tag: Retirement Savings

The Older You Are, The Greater Your Reverse Mortgage Benefits

How Much Should I Save for Retirement? Average Retirement Savings Rates for Every Age

Senior Financial Fraud is Now a $3 Billion Dollar a Year Issue

15 Ways to Stop Wasting Money Everyday and Save More More for Retirement

Retirement Calculator Advice for Self Employed with Irregular Income

Retirement Investments: Traditional Choices for Your Savings

7 Tips for Protecting Your Retirement Savings from Stock Market Turmoil

5 Ways to Save for Retirement on a Limited Income

Expert Interview with Ryan Monette on Prioritizing Retirement Savings

Expert Interview with Jeff Helms About Saving for Retirement

Expert Interview with Bob Henderson on Saving for Retirement Later in Life for NewRetirement.com

Expert Interview with Ros Altmann about Pensions, Retirement and Savings

Separating Your Rainy Day Fund from Your Retirement Savings

How Much Should I Save for Retirement?

Retirement Financial Planning: 5 Ways to Fix Your Retirement Financials

Saving for Retirement: Is Keeping Up with The Joneses a Good Idea?

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