Category: Lifestyle

The retirement “zone”  If you’re considering retirement within the next five years or so, you’re in the retirement “zone.” This is a critical time period during which you’ll be faced with a number of important choices, and the decisions you make can have long-lasting consequences. It’s a period of transition: a shift from a mindset…

General information Yes No N/A 1. Has relevant personal information been gathered? Age Age of spouse or partner Number of minor children and their ages 2. Has financial situation been assessed? Estimated annual expenses during retirement Estimated annual income during retirement (pretax and after-tax) Total assets and savings to date Total retirement savings to date…

If you’re a decade or so away from retirement, you’ve probably spent at least some time thinking about this major life change. How will you manage the transition? Will you travel, take up a new sport or hobby, or spend more time with friends and family? Should you consider relocating? Will you continue to work…

Fortunately, you may have no need to despair. The further you are from retirement, the more time you have to resolve the expected shortfall. Even if you are closing in on retirement, there may be steps you can take to bridge the gap.  In some cases, the best solution is to cut back current expenses…

Two-thirds of Gen X and 56% of millennials would prefer to gradually decrease their hours or work a more flexible schedule as they transition to retirement. About half of baby boomers and Gen Z have similar preferences.1  The federal government has offered a formal phased retirement program since 2014, allowing eligible full-time employees to collect…

You’ve worked hard your whole life anticipating the day you could finally retire. Congratulations — that day has arrived! But with it comes the realization that you’ll need to carefully manage your assets to give them lasting potential.  Review your portfolio regularly  Traditional wisdom holds that retirees should value the safety of their principal above…

As a retirement savings plan participant, you know that setting an accumulation goal is an important part of your overall strategy. In fact, over decades of conducting its annual Retirement Confidence Survey, the Employee Benefit Research Institute (EBRI) has found that goal setting is a key factor influencing overall retirement confidence. But for many, a…

Planning on working during retirement? If so, you’re not alone. An increasing number of employees nearing retirement plan to work at least some period of time during their retirement years.  Why work during retirement?  Obviously, if you work during retirement, you’ll be earning money and relying less on your retirement savings — leaving more to potentially grow…