American households with credit card balances carry an average debt of $8,6021
While off-the-shelf target date funds (TDFs) provide reasonable asset allocation for the average plan participant, most plan participants are not “average”.
As the Boomer generation ages, more people are viewing retirement as an opportunity to enjoy the rewards of work in a whole new way. Read on to discover some of the benefits.
Many investors are looking to build a portfolio that reflects their socially responsible values, while giving them the potential for solid returns.
Each year, about 150 million households file their federal tax returns—this is a great time to give the household budget a checkup.
Before you throw your hands up in the air and send junior out looking for a job, you might consider a few strategies to help prepare for the cost of higher education.
When couples work together to address their finances, they may be able to mitigate many of the problems money may cause in a marriage.
Bad things happen to the best of us, and sometimes it seems like they come in waves. That’s when an emergency cash fund can come in handy.
Use RPA’s 2022 Tax Reference Guide as you prepare to file your taxes and firm up your financial plan for the year ahead.
Check out our latest market summary to get RPA’s perspective on the year behind us.
Financially, many of us associate the spring with taxes. But we should also associate December with important IRA deadlines. 2022, like 2021, will see a few changes and distinctions.
What financial, business, or life priorities do you need to address for the coming year? Now is an excellent time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to managing your taxes.
What can you do before ringing in the new year?
In his book Good to Great, Jim Collins wrote that successful organizations drive growth by first, “getting the right people on the bus and ensuring they are in the right seat.”
One person that has done this extremely well is Josh Schwartz, the Founding President of Retirement Plan Advisors (RPA) in Chicago.
The contribution limit for employees who participate in 457(b) and 403(b) plans, and the federal government’s Thrift Savings Plan, will increase from $19,500 to $20,500.
Retirement Plan Advisors is pleased to share that the November issue of Advisors Magazine features a profile of our firm.
On October 13, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 5.9% cost-of-living adjustment (COLA) for 2022.
Health care can be one of the priciest yet essential parts of life’s journey. And yet, many struggle to utilize the financial tools that may help. Take Health Saving Accounts (HSAs), for example.
As a parent or grandparent, you know firsthand the challenges of funding a child’s education. The Free Application for Federal Student Aid (FAFSA) Act was passed at the end of 2020 and has changed some of the qualifications for students to receive financial aid.
Did you know you may be able to take your 401(k), 403(b), or 457 plan and roll it into another type of retirement account while you are still working? Let’s look at how these rollovers can happen and the pros and cons of making them.
Choosing to relocate in retirement, whether it’s down the street or across the country, is something two-thirds of retirees say they are likely to do.
“Will your retirement dreams match your reality?” It’s perhaps the most critical question to ask people who are currently retired. Was your retirement what you expected, or was it something else?
How do you picture your future? If you are like many contemplating retirement, your view is likely pragmatic compared to that of your parents.
The National Association of Plan Advisors (NAPA) has announced their list of Top Defined Contribution (DC) Advisor Teams for 2020 – teams who improve the quality of DC retirement plan advice and build a more financially secure retirement for hardworking Americans. Retirement Plan Advisors (RPA) is proud to be recognized on this list.
We all have our “blue sky” visions of the way retirement should be, yet our futures may unfold in ways we do not predict. So, as you think about your “second act,” you may want to consider some life and financial factors that can suddenly arise.
What financial, business, or life priorities do you need to address in the coming year? Now is an excellent time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to managing your taxes.
If notable changes occurred in your personal or professional life, you may want to review your finances before this year ends and 2021 begins.
On October 13, 2020, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 1.3% cost-of-living adjustment (COLA) for 2021.
When you lose a spouse, partner, or parent, the grief can be overwhelming.
“Will I outlive my retirement money?” That’s one of the top fears for people who are starting to prepare for their retirement years.
When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension.
As a young investor, you have a powerful ally on your side: time. When you start investing in your twenties or thirties for retirement, you can put time to work for you.
How can you cover your child’s future college costs? Saving early (and often) may be the key for most families. Here are some college savings vehicles to consider.
Thank you for keeping our communities running in a time of uncertainty.
Investors should remain calm, focus on the long term, and not deviate from your investment strategy in response to shorter-term market fluctuations.
You may have seen this statistic before, or one resembling it: The average 65-year-old retiring couple can now expect to pay more than $250,000 in health care expenses throughout the rest of their lives.
How do you know that you’re psychologically ready to retire? As a start, ask yourself four questions.
What is a relationship with a financial advisor worth to an investor? A 2019 study by Vanguard, one of the world’s largest money managers, attempts to answer that question.
The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it comes some of the biggest changes to retirement savings law in recent years.
Does your vision of retirement align with the facts? Here are some noteworthy financial and lifestyle facts about life after 50 that might surprise you.
What financial, business, or life priorities do you need to address for the coming year?
Much is out there about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, some classic financial missteps plague retirees.
Across the country, people are saving for that “someday” called retirement. Someday, their careers will end. Someday, they may live off their savings or investments, plus Social Security.
We all know the value of a good credit score. We all try to maintain one. Sometimes, though, life throws us a financial curveball and that score declines. What steps can we take to repair it?
Financial generalizations are as old as time. Some have been around for decades, while others have only recently joined their ranks. Let’s examine some of these assumptions.
Total student loan debt in America is now around $1.6 trillion. Since 2008, it has more than doubled.
How healthy a retirement do you think you will have? If you can stay active as a senior and curb or avoid certain habits, you could potentially reduce one type of retirement expense.
During your accumulation years, you may have categorized your risk as “conservative,” “moderate,” or “aggressive,” and that guided how your portfolio was built. Maybe you concerned yourself with finding the “best-performing funds,” even though you knew past performance does not guarantee future results.
Social Security has been a pillar of retirement life for several decades, but how much do you really know about it?
Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight mistakes to steer clear of, if possible.
The American family with a child born today can expect to spend about $233,610 to raise that child to the age of 18.
Regardless of how the markets may perform, consider making the following part of your investment philosophy.
Investment inaction is played out in many ways, often silently, invisibly, and with potential consequence to an individual’s future financial security.
In a recent study, 35% of married couples described money issues as their primary source of stress.
A new law in Pennsylvania will require school districts sponsoring certain retirement plans to use at least four service providers, which advisers say runs counter to best practices and will perpetuate an environment of higher record-keeping and investment-management fees.
What will be your future? You know that a solid retirement strategy takes your time horizon, an often unpredictable factor, into consideration.
Families are one of the great joys in life, and part of the love you show to your family is making sure that their basic needs are met.
If you weren’t around, what would happen to your investments?
For many people, retirement income may come from a variety of sources. Here’s a quick review of the six main sources.
Retirement Plan Advisors (RPA) has appointed Robert Mangano to the newly created position Director – Client Relations. Rob is responsible for client engagement and improving plan participants’ retirement outcomes through consultative plan design.
Social Security may be a critical component of your financial strategy in retirement, so before you begin taking it, you should consider three important questions.
Some of us share a common experience. You’re driving along when a police cruiser pulls up behind you with its lights flashing. You pull over, the officer gets out, and your heart drops.
Some retirees succeed at realizing the life they want; others don’t. Fate aside, it isn’t merely a matter of stock market performance or investment selection that makes the difference. There are certain dos and don’ts – some less apparent than others – that tend to encourage retirement happiness and comfort.
Your financial strategy likely considers normal financial ups and downs. That said, a big “what if” on your mind might be “what if I retire in a down time that doesn’t swing back upward in a year or two?”
Decades ago, retirement was fairly predictable: Social Security and a pension provided much of your income, you moved to the Sun Belt, played tennis or golf, and you lived to age 70 or 75.
Financially speaking, retirement might differ from your expectations. Just as few weathercasters can accurately predict a month’s worth of temperatures and storms, few retirees find their financial futures playing out as precisely as they assumed. Because of this, some common financial assumptions (and anxieties) about retirement are worth examining.
While nature offers four seasons, Wall Street offers only one – four times a year. It’s called “earnings season,” and it can move the markets. So, what is earnings season and why is it important?
You learn lessons as you invest in pursuit of long-run goals. Some of these lessons are conveyed and reinforced when you begin saving for retirement, and others you glean along the way.
Are you in a hurry to retire? Not everyone is rushing to that particular finish line.
Run the numbers. There is a rule of thumb for retirees suggesting that retirement income has a target of 70-80% of the household’s end salary, though this can certainly vary.
The financial uncertainties we face in retirement may risk reducing our sense of confidence, potentially undermining our outlook during those years.
Are Americans saving enough? Only 19% of U.S. adults describe themselves as “very confident” when asked about their savings.
What exactly is the “sequence of returns?” The phrase simply describes the yearly variation in an investment portfolio’s rate of return.
Misconceptions about Medicare coverage abound. Our national health insurance program provides seniors with some great benefits. Even so, traditional Medicare does not pay for dental care, vision care, or any real degree of long-term care. How about medicines?
America is enduring a data breach epidemic. The latest annual study of the problem from Javelin Strategy & Research, a leading financial analytics research firm, says that 16.7 million people across the nation were impacted by identity theft in 2017 – an all-time high.1
Does your vision of retirement align with the facts? Here are some noteworthy financial and lifestyle facts about life after 50 that might surprise you.
If you were born during 1965-80, you belong to “Generation X.” Ten or 20 years ago, you may have thought of retirement as an event in the lives of your parents or grandparents. But within the next 10-15 years, you will probably be thinking about how your own retirement will unfold.
According to the global analytics firm Gallup, only about 44% of Americans have created a will. This finding may not surprise you.
The federal government offers some major tax breaks for older Americans. Some of these perks deserve more publicity than they receive.
Paying off a major debt produces a sense of relief. You can celebrate a financial milestone; you can “pay yourself first” to a greater degree and direct more money toward your dreams and your financial future rather than your creditors.
How much have you saved for retirement? Are you on pace to amass a retirement fund of $1 million by age 65? More than a few retirement counselors urge pre-retirees to strive for that goal. If you have $1 million in invested assets when you retire, you can withdraw 4% a year from your retirement funds and receive $40,000 in annual income to go along with Social Security benefits (in ballpark terms, about $30,000 per year for someone retiring from a long career).
In an ideal world, it would be simple to prepare for a solo retirement. You would just save half as much as a couple saves, buy half as much insurance coverage, and expect to live on half the income. Reality dictates otherwise.
If you are in or near retirement, it is a safe bet that you would like more yield from your investments rather than less. That truth sometimes leads liars, scammers, and fraudsters to pitch any number of too-good-to-be-true “investment opportunities” to retirees.
When financial markets have a bad day, week, or month, discomforting headlines and data can swiftly communicate a message to retirees and retirement savers alike: equity investments are risky things, and Wall Street is a risky place.
National Retirement Security Week – October 21-27, 2018 – is a time to reflect on your financial future.
Retirement is undeniably a major life and financial transition. Even so, baby boomers can run the risk of growing nonchalant about some of the financial challenges that retirement poses – for not all are immediately obvious. In looking forward to their “second acts,” boomers may overlook a few matters that a thorough retirement strategy needs to address.
Being a parent means being responsible to a degree you never have been before. That elevated responsibility also impacts your financial decisions. You are now a provider and a protector, and that reality may make the following financial moves necessary.
There are a number of well-known retirement savings vehicles, used by millions. Are there other, relatively obscure retirement savings accounts worthy of attention? Are there prospective benefits for retirement savers that remain under the radar?
You may know victims of financial elder abuse. According to a new Wells Fargo Elder Needs Survey, almost half of Americans do.1
If you are under 30, you have likely heard that now is the ideal time to save and invest. You know that the power of compound interest is on your side; you recognize the potential advantages of an early start.
Have you been saving for retirement for a decade or more? In the foreseeable future, something terrific is likely to happen with your IRA or your workplace retirement plan account. At some point, its yearly earnings should begin to exceed your yearly contributions.
RPA President Joshua F. Schwartz and Vice President – Group Retirement Plans Kenneth Mergen recently participated as delegates to the National Association of Plan Advisors’ (NAPA) Annual DC Fly-In Forum, an exclusive gathering of the nation’s leading retirement plan advisors.
Common wisdom says that you should start saving for retirement as soon as you can. Why do some people wait decades to begin?
The median retirement age for an American woman is 62. The Federal Reserve says so in its most recent Survey of Household Economics and Decisionmaking (2017). The age when seniors first become eligible for Social Security retirement benefits is 62.
Institutional Investor has appointed Joshua F. Schwartz, President of Retirement Plan Advisors (RPA), as Chairperson of their inaugural Retirement Plan Advisor Summit. The event, attended by C-Suite executives from the most innovative and important retirement plan advisory firms, will take place July 17 and 18 at the Park Hyatt Chicago.
“Lifestyle creep” is an unusual phrase describing an all-too-common problem: the more money people earn, the more money they tend to spend.
Goals give you focus. To find and establish your investing and saving goals, first ask yourself what you want to accomplish. Do you want to build an emergency fund? Build college savings for your child? Have a large retirement fund by age 60? Once you have a defined motivation, a monetary goal can arise.
Many households think they are planning carefully for retirement. In many cases, they are not. Weak spots in their retirement planning and saving may go unnoticed.
What is the retirement outlook for the average fifty-something working woman? As a generalization, less sunny than that of a man in her age group.
New retirees sometimes worry that they are spending too much, too soon. Should they scale back? Are they at risk of outliving their money?
It’s easy to say, “Retirement is so far away. I’ll start saving or saving more next year.”
Do you fear you are saving for retirement too late? Plan to address that anxiety with some positive financial moves. If you have little saved for retirement at age 50 or thereabouts, there is still much you can do to generate a fund for your future and to sustain your retirement prospects.
Many people save and invest vaguely for the future. They know they need to accumulate money for retirement, but when it comes to how much they will need or how they will do it they are not quite sure.
Are you in your fifties and unsure if you have enough retirement savings? Then you have two basic financial choices…
What kind of retirement do you think you’ll have? Qualitatively speaking, what if the success or failure of your retirement begins with your perception of retirement?
In the last few weeks, we have seen a significant increase in stock market volatility, with the Dow Jones Industrial Average frequently rising and falling hundreds of points in a single trading day. This can feel unsettling.
Steady income or a lump sum? Last year, financial services firm TIAA asked working Americans: if you could choose between a lump sum of $500,000 or a monthly income of $2,700 at retirement, which choice would you make?
Retirement planning is not entirely financial. Your degree of happiness in your “second act” may depend on some factors you cannot quantify. Here are a few of those factors, as well as the questions they may arise.
By choice or by chance, some people wrap up their careers before turning 60. If you sense this will prove true for you, what could you do to potentially make your retirement transition easier? As a start, you may need to withdraw your retirement funds strategically.
What kind of role can a financial professional play for an investor? The answer: a very important one. While the value of such a relationship is hard to quantify, the intangible benefits may be significant and long lasting.
You have a chance to manage your money better than previous generations have. Some crucial financial steps may help you do just that.
At a certain age, you are allowed to boost your yearly retirement account contributions. For example, you can direct an extra $1,000 per year into a Roth or traditional IRA starting in the year you turn age 50.
What financial, business, or life priorities do you need to address for 2018? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to lowering your taxes. You have plenty of options. This article shares some that might prove convenient.
Some of us may retire at 65 and live to 100 or 105. Advances in health care could make this a strong possibility. The corresponding question is: will we outlive our money?
Retirement accounts are not bank accounts. Nor should they be treated as such.
The key points of retirement planning are easily stated. Start saving and investing early in life. Save and invest consistently. Avoid drawing down your savings along the way. Another possible point for that list: pay off as much debt as you can before your ‘second act’ begins.
How could you retire in your fifties by choice? You will need abundant retirement savings and ways to access your retirement assets which lessen or avoid early withdrawal penalties. You may also need to have other, sometimes overlooked, components of retirement planning in place.
National Retirement Security Week, October 15-21, 2017, is a time to reflect on your financial future.
As you start a family, you start to think about certain financial matters. Before you became a mom or dad, you may not have thought about them frequently, but so much changes when you have kids.
Are you on track to save $1 million or more for retirement? If you are 50 or younger, you may need that much in savings to generate the kind of retirement income you prefer.
Whether you want to leave work at 62, 67, or 70, claiming the retirement benefits you are entitled to by federal law is no casual decision. You will want to consider a few key factors first.
A successful retirement is not measured merely in financial terms. Even those who retire with small fortunes can face boredom or depression and the fear of drawing down their savings too quickly. How can new retirees try to calm these worries?
Directly and indirectly, you might be able to save more per month than you think. Hidden paths to greater savings can be found at home and at work, and their potential might surprise you.
RPA sat down with Mike, a recently retired police officer. In this video, Mike shares his retirement story: the savings challenges and successes encountered throughout his career, and his advice for others.
How long do you think you will work? Are you a baby boomer or Gen Xer who believes you can work past age 65?
Financially, Generation Y often is criticized for being risk averse and unaware.
When you see online ads or TV commercials about retirement planning, do they ever show baby boomer couples arguing? No. After all, retirement planning is about the pursuit of a happy outcome – a fun and emotionally rewarding “second act” that spouses and partners can share.
Some young adults manage to acquire a fair amount of financial literacy.
When emotions and money intersect, the effects can be financially injurious. Emotions can cause us to overreact, or not act at all when we should.
We spend much of our adult lives working, borrowing, and buying. A good credit score is our ally along the way. It retains its importance when we retire.
You can probably envision how most of your retirement money will be spent. Much of it will be used on living expenses, health care expenses, and, perhaps, debt reduction.
Saving for retirement may seem a thankless task. But you may be thanking yourself later.
If only money came with instructions. If it did, the route toward wealth would be clear and direct. Unfortunately, many people have inadequate financial knowledge, and for them the path is more obscure.
How many of us will retire with $1 million or more in savings? More of us ought to – in fact, more of us may need to, given inflation and the rising cost of health care.
About 70% of taxpayers receive sizable refunds from the Internal Revenue Service. Just how sizable? The average refund totals about $2,800.
Investors are people, and people are often impatient. No one likes to wait in line or wait longer than they have to for something, especially today when so much is just a click or two away.
Saving for retirement takes decades and demands the investment of significant amounts of your income. As this major effort unfolds, you should recognize that some subtle factors and seemingly minor decisions could end up making a sizable and positive impact on your financial future.
Women 35 and younger are often hard-pressed to save money. Student loans may be outstanding; young children may need to be clothed, fed and cared for; and rent or home loan payments may need to be made. With all of these very real concerns, are they saving for retirement?
We all would love to have a little extra cash on hand for emergencies. Saving up that cash can be a challenge – but with a little effort, that challenge can be met.
Our relationship with money is complex and emotional. When we pay a bill, go to the mall, trade in a car for a new one, hunt for a home or apartment, or see others’ apparent wealth or lack thereof, we feel things and harbor certain perceptions.
How would you guess Gen X is faring when it comes to retirement saving?
When you marry or simply share a household with someone, your financial life changes; your approach to managing your money may change as well. To succeed as a couple, you may also have to succeed financially.
Do you have a federal student loan that needs to be repaid? You may be surprised at what the government might do to collect that money someday, if it is not paid back soon enough.
You may have heard that people spend less once they are retired. Statistically, that is true. The question is whether a retiree has enough income to meet his or her expenses.
Just how many millionaires does America have? By the latest estimation of Spectrem Group, a research firm studying affluent and high-net-worth investors, it has more than ever before.
In 2017, you have another chance to max out your retirement accounts. Here is a rundown of yearly contribution limits for popular retirement savings vehicles.
How does a single parent plan for retirement? Diligently. Regularly. Rigorously. Here are some steps that may help, whether you are just beginning or well on your way.
It is agreed that the earlier you start saving for retirement, the better. The big question on the minds of many savers, however, is: “How am I doing?” This article will show you some estimated milestones to try and reach. (Keep in mind that you may need to save more or less than these amounts based on your objectives as well as lifestyle and income needs.
In life, there are times when simple decisions can have a profound impact. The same holds true when it comes to personal finance. Here are some simple choices you could make that may leave you better off financially – in the near term, the long term, or both.
Picture the women of the world growing wealthier.
It’s happening right now.
Does your spouse contribute to a 401(k)? You may be eligible for a retirement plan that can help you save and invest for retirement in the same way – a 403(b).
What financial, business, or life priorities do you need to address for 2017? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives. Some year-end financial moves may help you pursue those goals as well.
Are you worried about retiring? Many baby boomers are, and they have reason to be, given low interest rates, subpar returns on equities, increasing health care costs, and the issues facing Social Security.
Will you live to age 100? Your odds of becoming a centenarian may be improving. In 2016, the Centers for Disease Control reported that the population of Americans aged 100 or older rose 44% between 2000-2014.
Some myths and misperceptions keep circulating about Social Security. These are worth dispelling, as more baby boomers are becoming eligible for their retirement benefits.
Your retirement may seem near at hand or distant, but one thing is certain: Your future will differ from your present.
October 16-22 marks National Retirement Security Week (NRSW) 2016.
Will you receive tax-free money in retirement? Some retirees do. You should know about your options for tax-free retirement distributions, some of which are less publicized than others.
$6,876. That is the average amount of credit card debt owed by an American household headed up by an individual aged 65-69.
The National Bureau of Economic Research (NBER), a respected non-profit think tank, says we are forfeiting $1.7 trillion in potential retirement savings. Why? Because of our biases.
You know you should start saving for retirement. What can you start doing today to make that effort more productive? To improve your chances of ending up with more retirement money, rather than less?
A new study has raised eyebrows about the retirement prospects of women.
The United Kingdom’s decision to leave the European Union rattled equities markets and currency markets Friday. What should an investor do in its wake? Perhaps nothing at all.
Retirees want their money to last a lifetime. While there is no guarantee it will, in pursuit of that goal, households may consider adopting a couple of spending and investing principles.
Most people begin insuring themselves when they marry or start a family. They buy coverage in response to two potential calamities: disability during their working years, and death.
If you are younger than 35, saving for retirement may not feel like a priority. After all, retirement could be 30 years away. If your employer does not sponsor a retirement plan, there may be less incentive for you to start.
Will your heirs receive their fair share of your wealth? When you are no longer here to oversee your assets, will they be distributed to your intended beneficiaries?
You want to retire, and you own a large home that is nearly or fully paid off. The kids are gone, but the upkeep costs haven’t fallen. Should you retire and keep your home? Or sell your home and retire? Maybe it’s time to downsize.
Your significant other may retire later than you do. Sometimes that reality reflects an age difference; other times one person wants to keep working for income or health coverage reasons. If you retire years before your spouse or partner does, you may want to consider how your lifestyle and household finances might change.
Saving for retirement is a must. Saving for college is certainly a priority. How do you do both at once?
Typically the IRS, unless an exception applies, imposes a 10% early distribution tax on retirement plans.
“What is your greatest retirement fear?” If you ask retirees that question, “outliving my money” may likely be one of the top answers.
How will your money habits change in 2016? What decisions or behaviors might help your personal finances, your retirement prospects, or your net worth?
Gen X is the first generation that has had to save for retirement without traditional pension plans. In addition, most Gen Xers will probably retire after 2033 – the year in which Social Security predicts its trust funds will run dry, barring federal government intervention.
What if you are laid off or forced into retirement before 65, or even before 60? If that happens to you, what do you when the next phase of your life is starting sooner than you planned?
If you ever have the inkling to manage your investments on your own, you may want to reconsider. Do-it-yourself investment management is generally a bad idea for a myriad of investors for myriad reasons.
We all have a “blue sky” vision of the way retirement should be, yet it helps to plan for retirement with a little pragmatism.
How does retirement planning differ for single people?
RPA Vice President Kenneth Mergen, Investment Advisor Representative, John McWatters, and MassMutual Retirement Education Specialist, Jane Burns, enjoy the shade of the RPA booth at The City of Trenton Employee Appreciation Day on July 24, 2015
Between the ages of 40 and 60, many people increase their commitment to investing and retirement saving. At the same time, many fall prey to some common money blunders and harbor financial assumptions that may be inaccurate.
If life has not allowed you to build substantial retirement savings, what can you do to improve your retirement prospects?
Sixteen employees took to the streets of Montpelier for the 32nd Annual Vermont Corporate Cup Challenge and State Agency Race.
As the Great Recession faded, American household debt gradually decreased. In fact, it declined by $1 trillion between mid-2008 and mid-2014, according to the Federal Reserve.
Motivational speaker Denis Waitley once remarked, “You must stick to your conviction, but be ready to abandon your assumptions.” That statement certainly applies to retirement planning. Your effort must not waver, yet you must also examine it from time to time.1
You can prepare for your retirement transition years before it occurs. In doing so, you can do your best to avoid the kind of financial surprises that tend to upset an unsuspecting new retiree.
Is it okay to retire today? Many baby boomers shelved notions of retiring during the past few years. Layoffs, the decline in home values, the crushing bear market of 2007-09 – those memories were just too fresh, and their economic effects were still being felt by many households.
Saginaw Firefighter honored at annual event.
Beloit police officers Jeff Loveland and Todd Dever will be honored with the Life Saving Award on April 28th at The Beloit Police and Fire Commission meeting. Officers Loveland and Dever are receiving the awards for heroic incidents in 2013.