Target date funds are a retirement savings option that is very popular among employers. In fact, your employer probably provides this option, which is characterized by a diversified investment portfolio designed to achieve an objective for growth based on a specific future date.
Thinking ahead can spell the difference between a successful retirement with enough money and a stressful one. Here are 7 retirement considerations that every investor should think about: 1. Understand Social Security. The goal with Social Security is to optimize the amount
Refraining from buying a couple of coffees or a few lunches a week will allow you to use that money to save for your retirement. When you stop paying for those little luxuries you will be able to contribute an additional $8 to $16 a week to your retirement plan. That extra money
You've been preparing for retirement throughout your working years. And now that you're close to retiring, it's time to begin thinking about spending it. Retirement is a big life change. Planning ahead can help make the transition easier. Not Rocket Science Your retirement
All of us, in one way or another, were affected by hurricanes Irma and Maria. The damage varied in magnitude. In some cases, the impact was such that it meant taking money we had put away for our retirement and using it for unexpected expenses or repairs after the storms. Our
When you joined your employer’s retirement plan, you probably appointed a beneficiary and forgot about the issue right until this very moment. But how often should you review the appointment of your retirement account beneficiary? The team at Popular Fiduciary Services will
Make no mistake: Inflation is an enemy of your retirement savings. Over time, even relatively low inflation will erode the purchasing power of your savings. However, there are ways to combat inflation’s effects. Understanding Your Opponent Inflation increases the amount
Have you ever heard the Latin phrase “carpe diem”? Translated, it means “seize the day” or make the most out of life. This philosophy also applies to saving for retirement. Your employer’s retirement savings plan provides you with the opportunity to set aside money for
That may be a hard question to answer. After all, you can’t predict what will happen in the future. But you can make sure you’ve considered as many of the issues as possible before you make the decision to stop working. Start with Your Income Of course, the first thing
Making contributions to your retirement plan account while you’re young could have a significant impact on the amount of money you may be able to accumulate by the time you retire. Age you start making
