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Before retirement, a person may be more susceptible to present bias because their future labor income is uncertain, and they don’t yet feel an ownership of that money. BY Associated Press The narrative of a miserly, Scrooge-like figure hoarding his wealth for years instead of enjoying his retirement might seem unbelievable—but unfortunately, it isn’t relegated only … Continue reading Retirement saving and spending can be complicated. Here’s what psychology says
August 31, 2024 Retirement isn’t just a financial decision. It’s a deeply existential issue The deeper issues of meaning, relevance, and identity that retirement can bring to the fore are more significant to some workers. BY The Conversation Most discussions of retirement focus on the financial aspects of leaving the workforce: “How to save enough for … Continue reading Retirement isn’t just a financial decision. It’s a deeply existential issue
August 25, 2024 What to do if you run out of money in retirement Other than the useless suggestion that you should have saved more, traditional financial advice doesn’t offer much guidance if you outlive your money. BY Emily Guy Birken We tend to think of 65 as the traditional age for retirement, but the … Continue reading What to do if you run out of money in retirement
By Sam Becker October 31, 2023 Joe Biden seemingly has two things in its sights lately: Malarkey and junk fees. A few weeks after the Federal Trade Commission (FTC) announced a new rule targeting junk fees—described as “hidden and bogus fees that can harm consumers and undercut businesses”—the Biden administration is zeroing in on … Continue reading Retirement planners might soon need to retire some of the sneaky ways they do business
By Emily Guy Birken September 30, 2023 There’s an old joke in the financial industry about how simple it is to ensure you have enough money for retirement: Just figure out when you’re going to die and work backwards from there. Okay, so the financial industry isn’t famous for its sense of humor. But … Continue reading Your ‘longevity literacy’ can make or break your retirement planning
Downsizing and Rightsizing: How to Simplify Your Life in Retirement Due / Aug 30, 2023 Part of retirement means re-evaluating your needs and transitioning to a new chapter of life. This downsizing process can be emotional as well as beautiful. Evaluating what you need out of your home can be one of the most freeing and … Continue reading Downsizing and Rightsizing: How to Simplify Your Life in Retirement
By Shalene Gupta July 12, 2023 Amid the climate change crisis, the wake of the pandemic, and rampant inflation, the average American isn’t feeling great about what retirement will look like for future generations. That’s the finding of the 23rd Annual Retirement Survey of Workers from Transamerica Center for Retirement Studies, dedicated to educating … Continue reading From Gen Z to baby boomers, here’s how each generation is saving for retirement
By Sam Becker June 28, 2023 It’d be easy to forgive most people for changing or even abandoning their financial or investing strategy over the past few years. With the pandemic, inflation, ongoing prospects of a recession, and rising interest rates, there’s been a lot of economic action packed into a relatively short period … Continue reading Gen Z and millennials are already dipping into their retirement funds—even more than Gen X
By Emily Guy Birken May 13, 2023 Greater work experience often means higher pay, which puts professionals in their 40s and 50s in an excellent position to ramp up their retirement savings. But this time of life also coincides with many additional financial needs, such as helping elderly parents or paying for kids’ higher … Continue reading Six retirement planning tips for Gen X
Resources and Tools for Remote Workers Coming Out of Retirement John Boitnott / 15 Mar 2023 The COVID pandemic pushed millions of baby boomers into retirement. However, in an ironic twist, the pandemic also accelerated the rise of remote technology that’s now drawing baby boomers out of retirement to fill gaps in the American … Continue reading Resources and Tools for Remote Workers Coming Out of Retirement
