behind in saving for retirement

Behind in Saving for Retirement? Here’s What to Do

If you feel that you are behind in saving for retirement, you are not alone. According to recent data from Northwestern Mutual, one-third of Americans have less than $5,000 set aside for retirement. In addition, 21 percent of Americans have no retirement savings to speak of.

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retire on time

4 Steps to Take to Retire on Time

If you’re like most of the working population, you look forward to the day that you can cease the daily grind in exchange for days spent doing the things you did not have time for when you were working full time—hobbies, traveling or spending time with family and friends. However, being able to retire on time won’t just happen out of nowhere.

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investing mistakes

5 Investing Mistakes That Can Hurt You in Retirement

We all make mistakes, but while some can just lead you to have a bad day, others can lead you to have a bad rest of your life. It sounds daunting, but making an effort to save to fund the period of your life when you are no longer working is not a task that should be taken lightly. Fortunately, the tendency for humans to repeat the same mistakes over and over helps us to be able to identify them and in doing so, prevent ourselves from doing the same. Avoid these investing mistakes to prepare yourself for a financially secure future.

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best suburbs for retirement

The 10 Best Suburbs for Retirement

During your working years, you may have decided to cut the lengthy commute to move somewhere closer to your city-based place of employment. However, with work no longer dictating your life in retirement, you have the freedom to opt for the amenities of suburban life—including a respite from the traffic, noise and congestion that often accompanies city living. If the suburbs are calling your name, consider one of these 10 best suburbs for retirement, as outlined by a GOBankingRates study that took into account taxes, living expenses, retirement income and livability.

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mistakes you cannot make in the volatile stock market

5 Mistakes You Cannot Make in the Volatile Stock Market: Part 2

In yesterday’s blog, we discussed the first three in our series of mistakes you cannot make in the volatile stock market: burying your head in the sand, always following the crowd and ignoring the experts. Each of these mistakes could lead you down a path of losing the money that will support you in retirement. By having the foresight to know what to avoid, you can prevent yourself from making costly mistakes—and secure the money you need to live the retirement you deserve. Here, we’ll look at the last two in our series of mistakes you cannot make in the volatile stock market.

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retirement living situations

6 Types of Retirement Living Situations to Consider

Making sure your retirement financials are in order well ahead of time is a critical, yet admittedly stressful, task. However, there is also a fun side to retirement planning, and that is deciding how and where you are going to spend all of your newfound free time. From traveling the world to never venturing beyond your front porch, there are a variety of retirement living situations to consider—many of which are becoming more and more feasible thanks to technology. Here are a few ways to think about spending your life in retirement.

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$1 million will be enough to live on in retirement

Where $1 Million Will Be Enough to Live on in Retirement

With inflation as a factor to take into consideration as time passes, it begs the question as to how much is enough when it comes to saving for retirement. Sure, $1 million sounds like a significant amount of money, but is it enough to cover your needs (and wants) for a potentially decades-long retirement? The real answer is, it depends on where you live. The cost of living varies from retirement locale to retirement locale, so in some places, $1 million will be enough to live on in retirement, while in others it won’t take you as far.

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retirement one-liners

15 Retirement One-Liners to Keep on File

Retirement is a phenomenon that every working person will face at one point or another. Some of us may go into it with open arms, ready to leave the eight-hour workday behind for good. Others may be more wary of this newfound free time and may struggle to decide how to generate a sense of productivity in their lives. However you are reacting to retirement, whether it is decades down the line or already in full swing, it never hurts to keep a little humor at your disposal. Check out this list of retirement one-liners that you can keep tucked away for a time when the mood strikes!

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April 17 is important for IRA contributors

Why April 17 Is Important for IRA Contributors

You’re likely aware that April 17 is significant this year because it is tax day—the deadline for individual income tax returns for 2017 to be turned into federal and state governments. However, the IRS has recently reminded taxpayers of another reason to note April 17 on their calendars: it is the last day to contribute to an IRA to claim it for 2017. April 17 is important for IRA contributors to take advantage of the tax benefits of both traditional and Roth IRAs.

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stock market correction

Stock Market Correction: What Is It, and How Do I Handle It?

If you’ve been following Ty J. Young Inc., you’ve probably heard us say time and time again that a stock market correction is inevitable. We’ve said it before, and we’ll say it again. History shows us that stock market downturns exist in a pretty regular pattern, and they most often happen when the market is up and has been for some time. In fact, each of the bull markets in the past 40 years has had a correction.

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