Reducing the Risk of Outliving Your Money “What is your greatest retirement fear?” If you ask any group of retirees and pre-retirees this question, “outliving my money” will likely be one of the top answers. In fact, 51% of investors surveyed for a 2019 AIG retirement study ranked outliving their money as their top anxiety.1 […]
Most people just invest for the future. You have a chance to do more. 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. They know this, but many of them do not know when, […]
Is America Prepared to Retire? A look at some ways to get ready. Provided by Blanke Schein Wealth Management Are Americans saving enough? Only 19% of U.S. adults describe themselves as “very confident” when asked about their savings. Worry spots include retiring without enough money saved (16%) and anxiety about having a “rainy day” […]
A Retirement Fact Sheet: Some specifics about the “second act.” Provided by Blanke Schein Wealth Management 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. Up to 85% of a retiree’s Social Security income can be taxed. Some […]
Provided by Blanke Schein Wealth Management Investment inaction is played out in many ways, often silently, invisibly, and with potential consequence to an individual’s future financial security. Let’s review some of the forms this takes. Your workplace retirement plan. The worst non-decision is the failure to enroll. Not only do non-participants sacrifice one of the […]
Start your “second act” with inadequate assets, and your vision of the future may be revised. Provided by Blanke Schein Wealth Management 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 […]
Unmarrieds need to approach retirement planning pragmatically. Provided by Blanke Schein Wealth Management 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 […]
It seems high time to dispel some of these misconceptions. Provided by Blanke Schein Wealth Management Generalizations about money and retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let’s examine a few. “When I’m retired, I won’t really have to invest anymore.” Society still sees […]
Baby boomers entering their “second acts” should think about these matters. Provided by Blanke Schein Wealth Management 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 […]
Provided by Blanke Schein Wealth Management Why you should refrain from making this move. Thinking about borrowing money from your 401(k), 403(b), or 457 account? Think twice about that because these loans are not only risky, but injurious, to your retirement planning. A loan of this kind damages your retirement savings prospects. A 401(k), 403(b), […]
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