March 4, 2022
“…That’s according to Fidelity’s 2022 Money Moves study, in which 36% of older women — defined in the survey as women 36 and older — said that their biggest financial mistake was “waiting too long to start saving for retirement.” Fidelity surveyed… Continue Reading…
September 3, 2021
“Almost half of U.S. workers, 48%, say they don’t earn enough income to save for retirement, according to a new survey from the Transamerica Center for Retirement Studies. The finding is pretty consistent across generational groups. On the high end, 55% of… Continue Reading…
October 3, 2020
“Although this guideline includes your retirement contributions and your investments, in addition to any cash savings, for many it can still be a difficult goal to reach. In a 2020 TD Ameritrade report, surveying 2,000 U.S. adults ages 40 to 79 with at… Continue Reading…
September 18, 2020
“In fact, retirement-plan provider Fidelity Investments says that to retire by age 67, you should have saved 1 times your income — or the equivalent of your annual salary — by the time you turn 30. This means that if you earn… Continue Reading…
April 7, 2020
“Ages 20-29 The average 401(k) balance was $11,800 The median 401(k) balance was $4,300 The average contribution rate was 7% of compensation Ages 30-39 The average 401(k) balance was $42,400 The median 401(k) balance was $16,500 The average contribution rate… Continue Reading…
November 23, 2019
“Nearly half (49%) of people with retirement accounts have withdrawn the money early, according to data released Thursday by Bankrate. Other data show a similar pattern: In a survey of more than 1,000 adults released this year by MagnifyMoney, roughly half… Continue Reading…
May 29, 2019
Fishing. Golfing. Pet care. Shopping. Pottery. Woodworking. Sightseeing. https://money.usnews.com/money/retirement/articles/7-retirement-hobbies-that-make-you-money Click the link above to find out more about those money making hobbies. I’d like to add no matter what hobby everyone should check if their hobby can be profitable. Also… Continue Reading…
March 30, 2019
“…almost half of Americans approaching retirement have nothing saved in a 401(k) or other individual account. The good news is that the new estimate, from the U.S. Government Accountability Office, is slightly better than a few years earlier. Of those… Continue Reading…
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