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 […]
What do you do with big money? Provided by Blanke Schein Wealth Management Getting rich quick can be liberating, but it can also be frustrating. Sudden wealth can help you address retirement saving or college funding anxieties, and it may also give you the opportunity to live and work on your terms. On […]
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 […]
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), […]
A lack of money is but one answer. Common wisdom says that you should start saving for retirement as soon as you can. Why do some people wait decades to begin? Nearly everyone can save something. Even small cash savings may be the start of something big if they are invested wisely. Sometimes, the immediate […]
Living longer has many rewards, it also comes at a financial price. Your hard-earned assets need to last longer than ever because we are living so much longer than our parents did. According to the Social Security Administration, About one out of every four 65-year-olds today will live past age 90, and one out of […]
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