You’ve probably seen the stats. 46% of Americans have less than $10,000 saved for retirement1. People are living longer in retirement than all previous generations. 10,000 people turn 65 a day. Hordes of retirees every day are pouring into retirement and transitioning from a life of paychecks to a life of creating their own checks without a plan. Like the slow moving zombies in The Walking Dead, many retirees essentially ‘drift’ into retirement. And while scary, it doesn’t necessarily mean that retirees are doomed. It means there needs to be better planning. Read more
Posts tagged ‘retirement’
I love everything about the Olympics, in particular what it showcases – sportsmanship, patriotism, and uncompromising dedication.
I can’t help being inspired by the countless examples of focus, endurance and strength. To me, the Olympics stretch the boundaries of what is possible. There is real human emotion, with the margin of victory often measured in hundredths of a second. Many of the athletes prepare for the better part of their lifetime for events that last just minutes, or less. Read more
Much like Goldilocks looking for the right porridge, investors preparing for retirement have a great deal of choices and many are not “just right.” I’m the lead portfolio manager of The Principal target date series, and I’m going to use a fairy tale analogy to help explain the forest and the path we take through it. Target date investment options are designed to help an individual navigate the course between a career of saving and a comfortable retirement. Read more
$2.4 trillion. That’s what U.S. households spent on credit cards in 2012 – more than 10 times the amount employees contributed to 401(k)s and other private defined contribution retirement (DC) plans. While some of that spend was clearly for necessities, more than 100 million flat screen televisions shipped to the United States between 2010 and 2012. Seems that in the battle to build nest eggs, purchases like big screen TV’s often edge out savings. Read more
It’s January. A new year. A time of resolutions. School resumes. Football continues. The Grammys. Weather so cold my Labrador Retriever goes outside in a jacket (here in Iowa). Juan Pablo is The Bachelor. Retirement Readiness. Wait. What? That’s right. Retirement readiness. We all want to retire one day. So let’s be ready. Read more
Retirees’ most commonly identified retirement threat is reduced Medicare benefits. That’s ahead of reductions in Social Security, market volatility, and insufficient retirement savings.
Medicare pays for a big share of retirees’ health care expenses — nearly half, in fact. However, it doesn’t cover everything. Health care costs have a big impact on retirement planning, and Medicare involves making several choices and meeting important deadlines. Understanding some of the various provisions of Medicare is essential to making the most of this benefit.