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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women and retirement

Women and Retirement: Here’s What You Need to Know

The little things you buy from day-to-day may not seem like they have a major impact on your retirement saving efforts. A latte here and there, after-work drinks with coworkers, a gift to yourself from your Amazon wish list. However, all of this adds up. A recent study conducted by SurveyMonkey for the Acorns app found that one out of every three millennials spends more money on coffee than they spend saving for retirement! What’s more, the survey found that this statistic applied to a majority of women. When it comes to women and retirement, the same basic principles apply for anyone building a nest egg.

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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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volatile stock market

5 Mistakes You Cannot Make in the Volatile Stock Market: Part 1

Riding the ups and downs of the stock market is a game that the majority of investors play throughout their lives. Some of us feel inclined to replace stock market risk with security as we grow older and closer to retirement—whether that means moving just a portion of our money to safe investments or all of it. Either way, there’s no question that the stock market is volatile by nature, which is reflected especially in its actions as of late. In February 2018, the stock market saw six 1,000 point swings during that month alone. In addition, the VIX volatility index measured more than 450 percent movement since the beginning of this year until now, indicating extreme volatility. In this volatile stock market, there are certain mistakes you need to avoid in order to maintain the nest egg you have worked hard to cultivate. We’ll look at three of those today as the first part of a two-part series.

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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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work from home in retirement

10 Ways to Work from Home in Retirement

The term “retirement” can mean ceasing your full-time work schedule, but it does not mean you have to retire from work completely. Out of both want and need, more and more retirees are turning to part-time work in retirement. Perhaps you need a little added boost to your income, or maybe you just view work as an entertaining and fulfilling way to spend your time. Either way, there are plenty of ways you can work from home in retirement if you are over the daily commute or the office grind.

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stock market declines in retirement

4 Healthy Responses to Stock Market Declines in Retirement

No one likes to lose money, and losing money during a time in your life when you are no longer receiving regular paychecks from your job can be all the more devastating. When you are older, you do not have as much time to make up for stock market losses as you did when you were younger. However, that does not mean that you have to completely give up the chance to capitalize on stock market gains. Consider these healthy responses to stock market declines in retirement.

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