Fidelity Investment's annual State of Retirement study found that over half of Millennials and Gen Z think saving for retirement will be harder in comparison to their parents.
screenings cannot account for environmental noise or the type of earpieces you are wearing while taking the test. After taking the tests with and without headphones, we can confirm resultsdofluctuate according to how well you follow the test recommendations. (See the pictures below for comparison...
1. Cost of Living Try to get a complete picture of what your monthly expenses would be in each location. Include expenses such as housing, utilities, groceries and transportation. Knowing this breakdown every month will help you compare what you’ll spend versus the income you’ll brin...
U.S. retirees should consider each state’s overall tax picture, including state income tax, Social Security tax, pension and retirement account taxes, sales tax, property tax, estate and inheritance taxes, plus other local taxes. Take into account the overall cost of living in each...
While people will statistically spend more on health care later in life, they still tend to spend the most money during their first few years of retirement. These expenses are often attributed to more travel, entertainment and recreation, and caring for aging parents. By comparison, those who ...
While there have not been a lot of defaults on annuities, they can still occur. The backup to the insurance company is your state’s guaranty association. It is a good practice to check on the insurer’s financial solvency before purchasing an annuity contract. 4. Highly complex The ...
Are you willing or able tomove to a lower-cost state? Lower costs, such as taxes, mean your money goes further and you have to save less today. Where will tax rates be in the future? No one has any idea of the answer. What is the best way to save for retirement? Saving for ret...
I analyzed over a hundred retirement planning courses to find the best ones, including free, paid, online, offline, and even certification programs.
Is NewRetirement Worth It? A Comparison with Traditional Financial Planners NewRetirement has gained popularity for its robust free plan and affordable, comprehensive paid options. When comparing it to the cost of hiring a traditional financial planner, who typically uses similar tools, it becomes app...
Overall, the cost of living tends to be a lot more in cities where people would like to live and be by the coasts. We also need to consider our #1 largest expense aside from taxes, which is housing. Median home prices vary significantly from state to state. ...