A new Nationwide Retirement Institute survey found many older business owners near retirement years (aged 60-65) face significant challenges preparing for the next chapter in their careers – and lives.
Longevity risk gets a lot of attention, but the other side of the coin – the high probability of dying earlier than 95 – should also be discussed with clients.
A new survey unveils fresh insights into the retirement experiences and financial preparedness of baby boomers who retired in the past two to five years, along with some practical advice from respondents for future retirees.
Affluent Americans expect to need $5.5 million to retire and pass down wealth to heirs; only 50% say they are very prepared to pass down wealth and have a written plan in place.
A new Thrivent survey reveals more than half of widowed women experienced financial challenges after their spouse’s passing, with 51% either living paycheck to paycheck or struggling to manage their bills.
Gen Xers are feeling less confident than ever about their finances and more worried about retirement than boomers or millennials, according to the 2024 Annual Retirement Study from Allianz Life.
Cerulli finds that only 24% of active 401(k) participants say they are very confident they will be able to maintain their current standard of living in retirement.
Achieving financial independence is the highest priority for Americans aged 25 to 44, according to the 2024 Millennials’ Financial Milestones study, the latest CFP Board research report.
The Alliance for Lifetime Income released a study with an eye-catching headline: Two-thirds of peak baby boomers are not financially prepared for retirement. According to the study, more than half of these soonto-be retirees will rely primarily on Social Security for income, whichwas intended to replace about40% of annual pre-retirement earnings.
More older employees choose to reduce theirwork hours and phase into retirement. In 2024, people 50 and older can contribute up to $8,000. Increaseslifetimeincomebydelaying Social Security: The extra income you earn fromworking part time can help you afford to postpone claiming Social Security benefits and could boost your monthly payout when you…
Your credit score remains an important financial indicator throughout retirement, influencing various aspects of your financial life and overall well-being. While retirement often involves a shift in financial priorities, maintaining a healthy credit score can provide essential benefits and opportunities during this life stage.