14.USA TODAY: Mention ofHow to Retire Happy, Willd, and Freeand Ernie Zelinski in this Article:by Nanci Hellmich. Although there is nothing wrong with associating yourself with your job, your entire identity shouldn't be wrapped up in it, says Ernie Zelinski, 65, author ofThe Joy of No...
Another one of the key tips for saving for retirement is to target asavings planoutside of your comfort zone. Having a specific goal in mind can motivate you to take the necessary steps to get there. It can also help you hold yourself accountable. The more specific the goal (how much y...
If you plan an active lifestyle in retirement, expect to ratchet up your annual retirement budget by 15 percentage points compared with a less active lifestyle. Expect 15% of your living expenses to be related to health care expenses after you retire, year in and year out. As you near re...
No matter what their goal is, the American workforce is expressing less confidence in their retirement goals year-over-year. Nearly half (49 percent) of workers with a retirement goal in mind say it’s likely they’ll be able to save that much, down from 52 percent in 2023. A similar ...
Two Retirement Philosophies is a Financial Samurai original post. Join 60,000+ others and sign up for myfree weekly newsletter. There is no rewind button in life. As a result, you must plan for retirement carefully.
People may plan on saving for retirement, yet they do not actually do so. This is perhaps why auto-enrollment retirement plans (i.e., plans that automatically enroll employees into a retirement fund) have shown to be successful in increasing savings (Benartzi & Thaler, 2007): the action is...
New workers may be auto-enrolled in a retirement plan, a great move except you may be set up to save a smaller portion of your salary — say, 3 percent — than what’s recommended. Make sure to increase your contribution or at least set up an auto-escalation so that you put in more...
The Wood County Teachers Retirement Association was established in 1938 before West Virginia offered a state retirement plan. The association is a separate entity from the Wood County Board of Education, though the board president and superintendent of Wood County Schools are on the ...
40% of retirees and 47% of single retirees plan to return to work this year Only 52% of seniors are confident in Social Security’s ability to provide for their long-term financial needs The data collected in this study raises serious questions about financial professionals that you should be...
–Everything you pay (the fees per employee) and anything your employees would pay, is clearly stated. This is a complete departure from your typical bank 401K plan that has fees baked-in and hidden you and your employees have no idea you’re truly paying. ...