Finding the Ideal Place to Live in Retirement

Planning for retirement is rife with big questions — not just how you want to spend your golden years, but where? For some, retirement offers the opportunity to spend more time with family; for others, it’s the chance to venture into a different climate. For the most part, seniors are planning to spend their retirement near the homes they’ve always known. A 2021 study by the AARP showed that approximately 75% of people over 50 plan to stay in their…
Continue reading Finding the Ideal Place to Live in Retirement

The Sequence-of-Returns Risk in Retirement

Markets go up and down in ways that are not entirely predictable. For long-term investors, what the market is doing in the present isn’t that troubling; they’ve got a long time to ride out potential downturns. But for recent retirees, an ill-timed market downturn can have a negative impact on their nest egg, increasing the chances they’ll outlive their money. It’s a risk all investors face, and, fortunately, there are several things you can do to mitigate it. What is…
Continue reading The Sequence-of-Returns Risk in Retirement

Don’t Let Debt Derail Your Retirement

Debt poses a growing threat to the financial security of many Americans — and not just college graduates with exorbitant student loans. Recent studies by the Center for Retirement Research at Boston College (CRR) and the Employee Benefit Research Institute (EBRI) reveal an alarming trend: The percentage of older Americans with debt is at its highest level in almost 30 years, and the amount and types of debt are on the rise. Debt Profile of Older Americans In the 20-year…
Continue reading Don’t Let Debt Derail Your Retirement

Social Security: Preparing for Retirement – Webinar

When it comes to Social Security, things can get confusing. Join us for this live webinar presented by Graham Kimmerer from MFS as he dives into this overwhelming topic to help answer your questions and alleviate your anxiety around Social Security. He will discuss how retirement benefits are calculated, spousal, survivor and divorcee benefits, taxes and your retirement plan.

Social Security: Preparing for Retirement – Webinar

When it comes to Social Security, things can get confusing. Join us for this live webinar presented by Graham Kimmerer from MFS as he dives into this overwhelming topic to help answer your questions and alleviate your anxiety around Social Security. He will discuss how retirement benefits are calculated, spousal, survivor and divorcee benefits, taxes and your retirement plan.

Social Security: Preparing for Retirement – Webinar

When it comes to Social Security, things can get confusing. Join us for this live webinar presented by Graham Kimmerer from MFS as he dives into this overwhelming topic to help answer your questions and alleviate your anxiety around Social Security. He will discuss how retirement benefits are calculated, spousal, survivor and divorcee benefits, taxes and your retirement plan.

Five Tips to Regain Your Retirement Savings Focus in 2021

In early 2020, 61% of U.S. workers surveyed said that retirement planning makes them feel stressed.1 Investor confidence was continually tested as the year wore on, and it’s likely that this percentage rose — perhaps even substantially. If you find yourself among those feeling stressed heading into the new year, these tips may help you focus and enhance your retirement savings strategy in 2021. 1. Consider increasing your savings by just 1%. If you participate in a retirement savings plan…
Continue reading Five Tips to Regain Your Retirement Savings Focus in 2021

Seeking Sun or Savings? Explore a Retirement Move

Many people intend to retire in the place they call home, where they have established families and friendships. But for others, the endof a career brings the freedom to choose a new lifestyle in a different part of the country — or the opportunity to preserve more wealth and protect it from taxes. This big life decision is not all about money or the weather. Quality-of-life issues matter, too, such as proximity to family members and/or a convenient airport, access…
Continue reading Seeking Sun or Savings? Explore a Retirement Move

Tapping Retirement Savings During a Financial Crisis

As the number of COVID-19 cases began to skyrocket in March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The legislation may make it easier for Americans to access money in their retirement plans, temporarily waiving the 10% early-withdrawal penalty and increasing the amount they could borrow. Understanding these new guidelines and the other rules for loans and early withdrawals may help you determine if they are appropriate options during a financial crisis. (Remember that tapping…
Continue reading Tapping Retirement Savings During a Financial Crisis

Five Retirement Lessons from Today’s Retirees

Each year for its Retirement Confidence Survey, the Employee Benefit Research Institute (EBRI)surveys 1,000 workers and 1,000 retirees to assess how confident they are in their ability to afford a comfortable retirement. Once again, in 2019, retirees expressed stronger confidence than workers: 82% of retirees reported feeling “very” or “somewhat” confident, compared with 67% of workers. A closer look at some of the survey results reveals various lessons today’s workers can learn from current retirees. Current sources of retiree income…
Continue reading Five Retirement Lessons from Today’s Retirees