Your Emergency Fund – How Much, Plus Why, How, and Where

It is times like these that stress the importance of planning a healthy savings strategy and how much of an emergency fund you should have. If you are experiencing your own personal recession amid these times of Social Distancing and are among the almost 40 million Americans that have filed for unemployment since March, this probably is not your top priority. Times of[...] Continue reading

Should You Work Past Your Retirement Age?

It’s common for investors to hear that they should delay retirement and work for an additional few years. Although the benefits and implications that come along with working past retirement age may seem obvious, it doesn’t always register how age can impact retirement savings. The amount of money they’ll need to live on in retirement is a function of what it will[...] Continue reading

Critical Questions for Plan Participants

A few years ago, we did a Q&A series on critical questions for plan sponsors. We’d now like to revisit this territory and address critical questions for plan participants. Investing and saving for retirement can be daunting; but investing in your employer sponsored plan is a great place to start. Here are a few questions you may want to ask at the outset — these[...] Continue reading

Do You Know Where Your Retirement Funds Are?

It’s increasingly common that workers move jobs throughout their career, and with pensions largely a thing of the past, the incentive to stay employed at one company has dwindled. A survey from the Bureau of Labor Statistics found that people hold an average of 12 jobs between the ages of 18 and 50. With the stress and excitement of a job transition, it can be easy to[...] Continue reading

Having a Higher Salary Doesn’t Make You Ready for Retirement

You may think of high earners as people who can afford nice homes, expensive clothes and shiny cars. You may think they don’t have to worry about money, but that’s not the case. A recent study reveals that many high earners may be worrying about money come retirement. According to the study by the Schwartz Center for Economic Policy Analysis, about 30 percent of[...] Continue reading