Search Results for: health care costs

Question: I'm a 27-year-old with a major investment dilemma. At my job, the firm matches 401(k) contributions up to 9 percent, which is excellent because I contribute enough to qualify for the match. I have around $60,000 in my 401(k). I also have a Roth IRA and a brokerage account for …

In the financial literature, there are a lot of rules of thumb. Who can argue with the adage "buy low, sell high" or "diversify your portfolio to reduce risk exposure"? According to author and retirement planner Dana Anspach, CFP®, RMA®, these kinds of thumb rules may …

Life insurance means many things for most people. For some, it’s a source of income for their dependents to live on, cover outstanding debts, pay for their kid’s education or cover their burial costs upon their demise. A life insurance policy is a must-have for anyone who wan …

Americans frequently find themselves with expenses they didn’t anticipate in their golden years, from dealing with unforeseen medical expenses to supporting adult kids. It’s also more challenging to save for retirement now than it was 50 years agostrongppstrongAc …

You're not alone if you’re worried about not having enough savings for a well-situated retirement. 70 percent of Americans are concerned about this as well. People understand the importance of saving, but the details get hazy from there. How much money have you set aside for your golde…

Twenty-four percent of persons aged 65 and above live in families that rely on Social Security payments for 90% or more of their income, as reported by the AARP Public Policy Institute. With an average monthly payout of $1,523, retirees who depend on Social Security to cover all of their living …

The coronavirus pandemic and the accompanying recession have continued to hit the finances, lifestyle, and actions of common Americans. A recent Freedom Debt Relief (FDR) survey showed a shift in consumer behavior with possible long-term impacts.

While we have made significan …

Did you know that many workers lose retirement money every year just because of the decisions they make? For example, one of the biggest mistakes is claiming Social Security while still in employment. We get the allure of the additional income, but there are three ways that this mistake costs yo…

In 2021, millions of Americans will again rely on Social Security for a significant portion of their retirement income. In addition to retired workers, many disabled Americans also see Social Security as a much-needed lifeline. Despite the popularity of this program, it still causes lots of confusi…

Many people want to have a comfortable retirement, and you’d like your retirement to be free from major snags. Planning for retirement is challenging due to factors such as the affordability of healthcare, market volatility, and even COVID-19 risks. You may not be financially flexible during reti…

It is possible to have more than one insurance policy. There are various reasons you might want more than one life insurance policy. You might decide to have more than one insurance policy if you’re going to address multiple needs. Having more than one life insuranc…

For most Americans, retirement may be a bit different in 2021. The economic crisis of the COVID-19 pandemic may force many people to consider early retirement even when they don’t have enough retirement savings…

Saving for retirement usually occurs for an extended period, and it is necessary to assess your savings progress to know if you are planning well for your retirement. You don’t have enough savings if you discov…

In the wake of the pandemic, many Americans are becoming c…

The complexity of the Rubik’s cube makes it more difficu…

When it comes to retirement, most people think it’s just about saving up a considerable chunk of money during their working days. But spending that money safely and appropriately in retirement is just as much of a concern. To put this in perspective, reports from the Transamerica Center for Retirement Studies and Aegon Center for