Ideally, you should enter retirement with about 10 times your final annual salary socked away in your investment portfolio. You’ll need those assets to supplement your Social Security benefits, which only pay the average senior today about $18,000 a year. But what if you’re on the cusp of retirement and you haven’t got quite that […]
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Here’s something you probably didn’t know: The average monthly Social Security retirement benefit was recently just $1,547, or about $18,500 per year. Yes, if you earned an above-average income during your working life, you’ll likely collect more than that — but it still is probably not going to be enough to cover your expenses in […]
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A portfolio stress test can help give you some peace of mind about that … but if you’re not careful, it could give you a false sense of security. To get results you can trust, make sure the parameters you’re using are realistic. You just left a meeting with your financial adviser, and your nest […]
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The good old days, a time when there was a long career, a gold watch, then a brief and frugal retirement are mostly gone. Some people are now retired for at least as long as they worked. Which can be a blessing or a curse. Things have changed. Mostly for the better. And yet.. Read […]
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Health savings accounts (HSAs) help you set aside money to pay for qualified medical expenses, but did you know they can also be a great tool for retirement planning? You can invest money stashed in an HSA in mutual funds and stocks, plus it offers valuable tax benefits—all of which make health savings accounts an […]
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