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Market ups and downs can keep retirees on edge, worried about potentially big losses from which they may never be able to recover. And those worries aren’t necessarily misguided. From 1928 through March 2022, there have been 26 bear markets. A bear market is a market decline greater than 20% that lasts at least two […]

Do you feel like you know enough about money to get by? A newly released survey by the TIAA Institute shows that people of all ages and experience levels could answer only 50% of financial literacy questions correctly.1 Your level of knowledge in the financial world can have ripple effects, especially when preparing for retirement.

Missing deadlines, delaying enrollment, or choosing the wrong plan can cost you a bundle when it comes to Medicare. Here’s a list of common mistakes new Medicare enrollees make and how to help avoid them. Not signing up for Medicare at the right time Timing, as they say, is everything. It’s especially important when it

It is easy to identify things you could have done differently knowing what you know today. If only we had a crystal ball, life could be so much easier. Here are some regrets often heard from retirees that you may want to consider as you make important decisions about your future. Starting a transition plan

While the market may not be a fun time for investors, there are some bright spots and opportunities to be had. Stock market drops like we’ve seen recently might make a Roth IRA conversion more appealing as a strategy for investors. Should you consider converting a traditional IRA to a Roth during a down market?

If you’ve changed jobs multiple times throughout your career, you’re not alone. According to the Bureau of Labor Statistics, baby boomers switched employers, on average, 11 times between ages 18 and 50. A new job might come with enticing perks, like raises, promotions, or a chance to grow your skills. If you were putting money

Over the past year, Americans’ concern over inflation has steadily increased. A Gallup poll coordinated in March noted that 17% of Americans believe the high cost of living and inflation is a significant problem, up from 8% in January. For individuals who may be nearing retirement, there are planning considerations to be mindful of as

Single, childless retirees who have never been married may have fewer strategies available for claiming Social Security benefits than spouses, widows, and divorcees, but no less incentive to help maximize their retirement income stream. Indeed, singles need not worry about how the timing of their Social Security benefits may impact a surviving spouse or minor

Are you planning to retire in the next few years? It’s still not too late to make a difference in how much you’ll have available for retirement. And because you’re likely at a high point in your earnings, you’re well-positioned to help yourself. Consider putting these six strategies to work: Catch-up contributions. In addition to

It’s a phenomenon that’s becoming more common. Older couples with decades of marriage behind them discover that they’re no longer compatible and they decide to divorce, a move that can wreak havoc on retirement plans. Unfortunately, while many of these people over 50 think they somehow are going to win in a divorce, they soon