Saving up for retirement is hard work. It can take a lifetime to accumulate a large enough nest egg to live on (see How Much Money Do You Need To Retire), and once you finally do retire, you want to make sure your money never runs out before you pass away. What happens to your … Continue reading A Graphical Representation Of Why Your Retirement Withdrawal Rate Matters
We spend years saving and growing our nest egg to one day eventually retire, but do you have any idea how much money you'll need to make that dream a reality? Experts toss around various numbers ($1 million, $2 million), but in truth, everyone's situation is different. It can seem overwhelming to make this calculation, … Continue reading How Much Money Do You Need To Retire?
Unfortunately, not everyone is lucky enough to have an employer-sponsored retirement plan like a 401(k), and even fewer people have 401(k) matching. An employer-sponsored plan is great because it allows you to save for retirement without having to think about it too much. For the rest of us, saving for retirement requires a more active … Continue reading How To Save For Retirement If Your Employer Doesn’t Offer A 401(k)
There is a retirement crisis in America. According to a 2019 survey by Charles Schwab, Americans believe they need $1.7 million on average to retire. However, the 2019 Survey of Consumer Finances sponsored by the Federal Reserve Board found that Americans aged 65 to 74 have only $426,070 on average saved for retirement. Median retirement … Continue reading How To Use Your Stimulus Checks To Help Your Children Retire