Feeling that nagging doubt about your retirement savings? You’re not alone. A recent study found just 49% of Boomers feel they’ll be financially prepared for retirement. And worse, the goal posts keep moving. The same study found the amount of money people think they’ll need to retire increased 15% in a single year, and 53% […]
“When should you start taking Social Security?” ranks among the top questions researched by retirees. Social Security is vital for many Americans, representing at least 50% of total family income for half of all people age 65 or older. Yet despite Social Security’s importance to so many households across the country, it can be confusing […]
Retirement is a time to relax and enjoy the fruits of your labor. But how do you know if you’re being too cheap and missing out on all the fun? It’s time to explore the four signs that you might be being a little too frugal in your golden years, and how to strike a […]
Ever wondered how much your financial advisor is really pocketing from your retirement nest egg? Are you suspicious of those fees they’re charging? Let’s dive deep into the murky waters of financial advisor compensation and uncover the secrets they might not be sharing. We’ll expose the three most common fee structures advisors use and question […]
Retirement should be a time of relaxation and enjoyment, not financial stress or regret. Unfortunately, many retirees find themselves facing challenges they didn’t anticipate due to common mistakes in planning. Mistake #1: Playing too much offense in retirement People tend to invest more aggressively in their 20s, 30s, and even 40s because they have a […]
Retirement is a significant milestone, a time to reap the rewards of years of hard work and dedication. However, it’s also a time when some people find themselves facing unexpected challenges and regrets. By understanding these common pitfalls, you can take steps to ensure your retirement is everything you hoped for. Regret #1: Not Having […]
“Making investment decisions is simple!” said no one ever. But what if there was a way to see such decisions with unbiased clarity? Behold, The Overnight Test. In a recent blog post, Carl Richards, the creator of The New York Times’ Sketch Guy column, asked readers to ponder: “What would you do if you purchased […]
Downsizing is one of those ubiquitous practices that goes hand-in-hand with retirement, as if moving into your Golden Years is marked by a literal move into a new home. But if you’re still carrying a mortgage and intend to finance the purchase of your new smaller home, is it a good idea? Let’s take a […]
Every once in a while, you hear someone say something so succinct and spot-on, you’re darn near convinced you should frame it and hang it on the wall. This one comes courtesy of Morgan Housel, the author of The Psychology of Money and former columnist for The Motley Fool and The Wall Street Journal. In […]
In this adaptation from Golden Reserve Founder Greg Aler’s new book, Fire Your Financial Advisor, we take a closer look at how the retail financial advisor became engrained in the fabric of retirement planning. Do you have any regrets from your younger years? Ted Benna, “the father of the 401(k),” has one. “I helped open […]
