Thinking About Retirement? The Basics of Financial Literacy Are Your North Star
Working towards retirement, you may have a detailed plan on how to manage your finances so that you have enough saved by the time you leave the workforce. With no external income coming in, there will be a new rulebook on how to manage your retirement earnings, expenses, and investments – not just so that you can keep growing your portfolio – but so you can live comfortably. Financial literacy in retirement is therefore crucial […]
Turning 59.5 This New Year? Here’s What You Need to Know
Approaching 60 is an exciting time. Not only does it come with more wisdom and thrill for a new chapter of life, but it also presents important financial decisions that can affect your life in retirement. If you are turning 59.5 this year, you will become eligible to withdraw from your retirement accounts without penalty. This birthday, and possibly 3 other birthdays that affect your retirement accounts presents an opportunity to rethink your finances and […]
2 Ways the 2022 Economic Woes Affected Your Retirement Accounts
The 2022 economic climate has been bumpy for most, and in some cases even bumpier for retirees. Americans and the world at large dealt with the economic ramifications of the Russia-Ukraine war, post-pandemic industrial effects, and rising inflation and interest rates. As the year ends, it is important to understand how these factors affected your finances as a retiree. Inflation Pinched Pockets Between 1991 and 2021, annual inflation averaged 2.5%, close to the Federal Reserve’s […]
