Retirement Savings

Why Your Retirement Might Use ‘Downhill Planning’

By Christian Cyr, CPA When people retire after decades of work, they are often ready to celebrate. Colleagues can even send them with a champagne toast. But maybe these young retirees should temper this celebration a bit. Retirement can be an emotional victory, but it doesn’t have to be a …

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Two new tools to calculate your retirement income

Americans’ willingness to retire has turned from a concern to a crisis. Even Congress, with a relatively weak recent record of bipartisan compromise, has recognized the concern. In late 2018, amid partisan bickering, Congress passed the SECURE Act – legislation to strengthen America’s retirement income system. And it seems that …

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Some say low interest rates cause inequality. What if it was the other way around?

It is one article of faith among many in the financial world: The Federal Reserve’s low interest rate policies and other measures designed to stimulate the economy are pushing up the value of stocks and others. active on the moon, and therefore are a major cause of high wealth inequality. …

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WealthKernel launches digital SIPP on API

WealthKernel, a provider of wealth management technology for digital investment services, today announced the launch of its new digital offering SIPP (Self-Invested Pension Plan). The new functionality will allow WealthKernel customers to offer digital SIPPs to their customers, using WealthKernel’s new API product wrapper. The new SIPP digital offer, which …

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Study finds ‘guaranteed income for life’ more popular than annuities

What would you like to know A Morningstar researcher asked the same questions about a hypothetical product with different names and got different answers. Participants who were more worried about running out of money were more attracted to deferred annuities. Participants more comfortable with purchasing an income product reported being …

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Applications to achieve your financial goals | Savings and budgeting

There is an app for everything, including your money. Some, like the popular Mint, are the financial equivalent of a Swiss Army Knife. They can do a bit of everything from creating a budget to tracking investments. RELATED CONTENT But sometimes you want a specialized tool; one that is designed …

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How to plan if you’re strapped for funds – Press Telegram

If you (or someone you know) find that you don’t have enough income or assets to need a financial plan, you are not alone. A 2018 Federal Reserve survey found that 25% of Americans have no retirement savings, and a third of middle-class Americans cannot cope with a $ 400 …

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57% of workers plan to have a job when they retire. Here’s why you should too

It’s easy to think of retirement as a time in life when work is off the table. But nowadays, more and more workers are considering some type of job after their primary careers are over. A good 57% of workers today said they will make some money after retirement, according …

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Help plan members realize the dream of a safe retirement

In 2020, the pandemic and the economic shutdown prompted many Americans to pay attention to the need for emergency savings. Now, in 2021, they are thinking about their future and whether they will have enough savings for retirement. “Now more than ever, people are curious about how they are going …

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Fight the risk of inflation in your retirement savings

You’ve seen the headlines on inflation. According to the Consumer Price Index (CPI), prices have risen 5% or more from the previous year for three consecutive months. For the context, the inflation rate between 2012 and 2020 has never exceeded 2.9%. The upward trend in inflation won’t last forever, but …

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