Running out of money in retirement is a common fear among pre-retirees and retirees. With longer life expectancies and rising healthcare costs, funding a retirement that could last many years can be an overwhelming prospect.
A qualifying longevity annuity contract,
Starting in 2022, the various life expectancy tables used by owners and beneficiaries to calculate required minimum distributions (RMDs) from qualified retirement plans, IRAs, and nonqualified annuities are being updated. This is being done to reflect the increase in life
For years, you’ve diligently invested in your retirement portfolio, accumulating wealth that you hope will sustain you throughout your golden years.
In many cases, your savings may fall short, in which case you turn to Social Security. After all, you’ve
They face a heightened retirement savings challenge.
How critical is it for women to build retirement savings? At least as critical as it is for men, perhaps more so because of two factors.
Women have a longer life expectancy than
Are you on track to meet your goals?
As you save for retirement, it helps to have an occasional “reality check”—a moment where you stand back and look at your progress. Here are two guidelines to keep in mind when
No matter your age or background, saving for retirement is a common concern. Will yours be the storybook future, one spent sampling wines in the Napa Valley and golfing the world’s iconic links? Or will it be far more mundane
When it comes to financial stability, people tend to focus on paying off debt and saving for retirement. In reality, many other financial goals beckon to individuals during their lifetime. Because of this, it’s important to look beyond retirement when
Only about 23% of American workers say they are “very confident” they will have enough money to live comfortably throughout retirement.1 To help reduce such uncertainty in your life, consider these five common investment pitfalls — and how you
Only one-in-four Americans (27%) feel very confident that they will have enough money to live comfortably when they retire, according to the 2020 Retirement Confidence Survey Summary Report.11 While the number is up slightly from the
