If you're in your 30s and worried about your retirement savings, the good news is that you have time to get on track. First off, rather than solely focusing on your account balance, which can be impacted by factors such as market volatility — and which will ostensibly grow at a compoun...
However, depending onwhen you were born, you'd need to wait until you reach your full retirement age to get 100% of your retirement benefits. If you were born after 1960, your full retirement age is 67. But it pays to delay if you can since your Social Security benefitincreases by 8%...
Before Empower, I had to log into eight different systems to track 30+ difference accounts (brokerage, multiple banks, 401K, etc) to manage my finances on an Excel spreadsheet. Now, I can just log in to see how all my accounts are doing, including my net worth. I can also see how m...
Using a 4% withdrawal rate, the mass affluent can fund $30,000 a year in gross expenses based on the $746,950 median net worth figure. Add onthe average Social Security monthly check of $1,461($2,861 max), and the mass affluent has $47,532 gross to spend a year in retirement....