How to make the most of FERS, Social Security and your TSP
From FY1970 to FY1985, the number of people receiving federal civil service annuities rose from fewer than 1 million to nearly 2 million, an increase of 105%. Between FY1985 and FY2022, civil service annuitants rose by 767,000, an increase of about 39%. In FY2022, all CSRS employees were 55 or older, compared with 32% of […]
Retirement at 65 with only $500K saved? How to generate an additional $2K/month on top of OAS and CPP
Do you want to retire but don’t have enough money to do so comfortably? You’re not alone. Over half of Canadians (59%) say they worry about outliving their retirement savings, according to CPP Investments (1). Another survey found that nearly half of those surveyed feel anxious about whether their savings will last them through retirement […]
The Average American’s 401(k) Balance May Surprise You. Here’s How to Beat It.
Last year, the National Institute on Retirement Security reported that 79% of Americans feel there’s a broad retirement crisis. And 55% said they’re worried they’ll never achieve financial security once their careers come to an end. A big reason so many people have a bleak outlook on retirement is that they lack savings for that […]
The Middle Class Keep Making 5 Retirement Mistakes — How To Avoid Them
There are so many variables when it comes to retirement planning that it can be easy to make some mistakes along the way. That’s why it’s so important to have a plan you can refer to if you ever find that you’re getting off track. Consider This: Here’s Why You Might Want To Invest Your […]
The New Big Fear In Retirement Planning Is 100% Legit — How To Tackle It
American confidence in retirement planning is at an all-time low, dropping from 83% in 2020 to only 70% in 2025, according to the Allianz Center for the Future of Retirement’s “2025 Annual Retirement Study.” The research found that instead of looking forward to their golden years, Americans are more fearful than ever. Be Aware: 6 […]
How to retire in 10 short years no matter where you live in America — even if you’re starting with $0 savings
Most Americans would consider $1.5 million the “magic number” for retirement savings, according to a Northwestern Mutual survey. Unfortunately, many are falling short of that goal. As of 2022, the median household net worth was just $176,500, according to the Census Bureau. Meanwhile, about 20% of adults over 55 have no retirement savings at all, […]
How to make your savings last through retirement
00:00 Speaker A A recent study by Allianz found nearly two in three Americans, or 64%, worry more about running out of money than death. And even with this fear, 62% say that they are not saving as much for retirement as they would like. So, we want to help you get retirement ready by […]
Retirement expert explains how to avoid common planning mistakes
Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. When planning for the future, people often get caught up in short-term news rather than focusing on the long-term strategy, even though retirement planning can stretch across decades. And that’s just one of several mistakes those saving for […]
Anxious about the state of… everything? Here’s how to manage your money through the chaos.
February wasn’t the kindest month for retirement savers. The tech-heavy Nasdaq Composite (^IXIC) fell nearly 4%. The S&P 500 (^GSPC) and the blue-chip Dow Jones Industrial Average (^DJI) dropped roughly 1.5%. Amid all that market turmoil, 401(k) participants hustled to safety, fleeing from equity funds to fixed-income investments, according to a new report that tracks […]
How to catch up and secure your future
Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Feeling behind on your retirement savings? You’re not alone. Mid-career professionals often face the challenge of catching up while juggling other financial priorities. But don’t despair. In a recent podcast episode of Yahoo Finance’s Decoding Retirement, Stephanie Guild, […]