David Lerner Associates : Retirement Planning
Retirement Planning for Entrepreneurs
Most of the time entrepreneurs are caught up with the stresses and details of running a small business and sometimes don't have the time or resources to plan for their own financial future.
All about Mutual Funds
If you don't know about mutual funds, you might be inclined to run for the hills when you hear the term. But understanding mutual funds is essential if you have any interest in investing your money.
Retirement for Couples
Couples usually approach their golden years as a team, but not always when it comes to planning. Only about one third of couples have even discussed their retirement plans.
Tips to Retire Wealthy
A lot of us sit back and wish for the day that we can retire a millionaire and yet so few of us have a strategic plan to do so. In fact as many as half of all households with Americans 55 and older have no retirement savings at all.
Steps for Financial Freedom
Financial freedom is a term that is thrown around, but what does it actually mean? It's probably best stated as being free of worry from financial issues. But then there's always the concern of "more money, more problems."
Financial Planning for Women after Divorce
Women are better prepared for their financial lives post-divorce. They are far more likely to seek out financial advice, improve spending habits, seek out employment and contribute to retirement savings.
How to Make the Most of Your Retirement Planning
Retirement is something that we should be thinking about. Whether you work in the corporate world or are a self-employed entrepreneur or a freelancer, it doesn't matter. We all want to know that our latter years will be taken care of financially.
Retirement Tip for Entrepreneurs
Entrepreneurs and small business owners often think that their only retirement plan involves an IRA. The 401(k) was historically only used by large companies and their employees, however, it has evolved into a flexible savings vehicle for people outside of corporate America.
What Most People Don't Understand About 401(k) Plans
A 401(k) plan is something that not everyone has. In fact, an incredible 68% of Americans are not saving in an employer-sponsored retirement plan.
Retirement Planning Difficulties for Women
Women face significant difficulties however the number of wealthy women in the United States is rising twice as fast as the number of wealthy men. Experts estimate that by 2030, women will control as much as two-thirds of the nation's wealth.
Overcoming Fear of Retirement
There are many unknown factors when it comes to saving for your retirement. In some ways, it can be a guessing game.
Taxes and Long Term Care
Long term care expenses can wipe out a person's savings and investments. That's why it is important to consider long term care insurance.
Women and Retirement Planning
As with most things in life, retirement planning is slightly different for women than it is for men given the many challenges they face. To meet these financial challenges women need to make retirement planning a priority.
Raising Financial Literacy
While one might be forgiven for thinking that a lack of financial literacy is exclusively a problem with young people and students, 41% of adults gave themselves a grade of C, D, or F regarding their knowledge of personal finance.
Millennials and Retirement Advice
Millennials are heading toward an age where retirement should be on their minds, not because they're going to retire soon but because this is the ideal time to start preparing a retirement strategy.
How to Prevent Money from Ruining Your Marriage
Sharing finances with a partner comes with a lot of issues; mutual trust, respect, self-worth, etc. These are all areas that, if damaged even slightly, can lead to upset and tear the fabric of a marriage apart.
How Much Money Do You Need To Retire
Despite many Americans being stressed about the idea of retirement, a full one third of us aren't saving for retirement at all, and many don't have any idea of how much they'll need to fund their golden years.
How to Retire Early
Retirement is something that requires a solid plan and smart strategies, executed over a number of years. But one third of Americans aren't saving for retirement, and a sizable percentage have virtually no money in savings and investments.
Preparing for Retirement
The truth is there is no "magic number". How much you need to save for retirement will depend entirely on your spending habits.
Money Lessons for Women
Gender roles in today's society have shifted dramatically from a time when little girls grew up hoping to find a good man who could take care of them financially.
Retirement Advice for Millennials
The generation known as Millennials is coming toward an age group where retirement should be on their minds because this is the perfect time to start preparing a retirement strategy.
Understanding Long Term Care Insurance
The majority of Americans who live past the age of 65 will require some sort of help caring for themselves. In fact, nearly 70% of Americans 65 and older need long term care at some point.
Savings Goals for the New Year
There is no convincing argument for not saving your money. Most people will agree that saving (whether for retirement or any other reason) is an excellent idea, and it should be done.
Make Your Retirement Planning Count
Most Americans who are saving for their retirement have the better part of 30 years to prepare. But the average pre-retirement Baby Boomer does not have enough savings for their retirement years, and one third of Americans have no retirement savings at all.
Closing the Gender Gap in Retirement Planning
It's no secret that there is a gap in earnings between men and women, and while great strides have been made toward gender equality, how does that translate into retirement preparations?
Retirement vs College Savings
Some people are faced with this very real decision - do you start saving for Little Johnny's college tuition, or do you focus on your own retirement first?
Retirement and Life Expectancy
Life expectancy is something to take into account when planning your retirement.
Retirement Planning For Couples
Couples have some unique advantages when it comes to retirement planning. For one thing, you have someone to pool resources with, share expenses, and help inspire (or nag) one another to save more.
Avoid These Retirement Planning Mistakes
Retirement looks different for everyone. Whether you want to finally climb that mountain you've been thinking about for years or spend the rest of your days in the warm tropical climes of a faraway beach paradise, someone is going to have to pay for it.
Thanksgiving is usually a time to take stock of the things we are thankful for in our lives. Here are some things in our financial lives that we can be thankful for.
Smart Retirement Strategies for Boomers
If you are one of the 76 million Baby Boomers with retirement just around the corner, it would be wise to take stock of your situation and make sure that you'll not be in for a horrible surprise come retirement day.
Baby Boomers and Retirement
The average pre-retirement Baby Boomer does not have enough savings for their retirement years and one third of Americans have no retirement savings at all.
Tips for Smart Personal Finance
Whether you're playing catch up on retirement savings or working to eliminate debt, it pays to be financially savvy. Here are some tips to point you in the direction of smart personal finance decisions.
How to Avoid a Retirement Shock
More than half of Americans lose sleep thinking about retirement. This is mainly because they face the uncertainty of what lies in the great unknown across the River Retirement. Studies show that people who are confident about their retirement have a clear goal and vision for their future.
For Love and Money
Relationships and money are two subjects which gain a lot of interest from people. Perhaps that's because these areas are ones where people would like to see improvement in their lives.
Overcoming a Retirement Shortfall
Workers in their late 50s or early 60s may have saved a lot of money for retirement, but when they take a closer look at their situation they still fall short of being financially secure.
Long Term Care Planning
October is Long Term Care Planning Month. Nearly 70% of Americans 65 and older need long term care at some point, according to the U.S. Department of Health and Human Services.
Boomers and Debt
Debt is not something to take lightly. Patterns in debt and the type of debt that an older generation is finding itself in has changed over the past few years. In fact, it seems that Boomers are more in debt than they were 13 years ago.
Long Term Care Planning
October is Long Term Care Planning Month. This is a topic worthy of our attention and can be a serious issue for those who find themselves in a situation where it is needed.
Financial Planning Month
National Financial Planning Month is an annual designation observed in October. In light of this, here are some tips to use financial planning basics for your retirement.
Boomers Saddled with Rising Debt Face a Tough Retirement
The patterns and type of debt amongst older Americans has changed significantly over the past few years. According to the Federal Reserve Bank of New York, the average 65 year old borrower has more debt than 65 year olds had in 2003.
Retirement Planning for Women
As with most things in life, retirement planning is slightly different for women than it is for men given the many challenges they face. To meet these financial challenges, women need to make retirement planning a priority.
Financial Planning for Retirement
The average retirement age is somewhere between 62 and 65. In order to retire by 65, you will likely need to have accumulated a sizable nest egg by the time you reach your 60s.
5 Steps for a Better Retirement
Do you worry about your retirement? According to experts, you should be worried. A Government Accountability Office analysis found that average Americans between the ages of 55 and 64 have saved only about $104,000 in retirement savings.
Millennials Most Common Money Mistakes
Although young Americans who graduated this year are better off than their older siblings, they're still feeling some effects of the Great Recession. One thing they are doing right is starting to save earlier than previous generations, but their biggest money mistakes are not saving enough and holding what they do save in cash.
3 Financial Tips for the Real World
There are many and varied tips available for anyone looking to educate themselves on what the "experts" recommend when it comes to financial planning. The internet abounds with such tips and advice. However, some of these things are easier said than done, especially when it comes to the workaday world and trying to keep up in an ever-more-volatile economy. Let's take a look at some of these tips, and how they can be applied to the real world.
Retirement and Long Term Care
Nearly 70% of Americans 65 and older need long-term care at some point, according to the U.S. Department of Health and Human Services.
Estate Planning Basics
Do you have an estate plan? A basic estate plan is an important financial document for everyone to have, whether you think you need one or not, and here's why - With few exceptions, everyone has an estate, even the young child with a bank account in his name that his grandparents set up, or the coming-of-age girl who received a gold necklace for her 16th birthday.
More Americans Working After 70
Traditionally, the retirement age in America is 65. The American Dream was all about working hard for 40 years and then relaxing and enjoying life for the next decade or two. According to the AARP, that is changing.
Brexit - Stay Calm and Carry On
Britain's vote to leave the European Union seems like it should be a strictly local affair - not something to make Americans nervous. But in fact, it may well have something to do with us.
How to Overcome Barriers to Retirement Security
Many people face uncertainties and fears about their own retirement when it should be a well-deserved rest after a lifetime of hard work. A lack of planning may result in apprehensions and stress. There are plenty of obstacles Americans claim are in their way when it comes to saving for retirement: credit card debt, student loan debt, low wages, the need to save for a child's college education, and the list goes on.
A New Look at the American Dream
Whenever the conversation turns to financial goals and a secure future, certain ideas at the core of The American Dream pop up - save for retirement and own your own home are two of those. However, times have changed economically.
The Retirement Spending Smile
Most people assume that once you retire, your spending pattern will be the same year-to-year. Research has shown that this, in fact, is not the case. Two studies came to the same conclusion. We spend more at the beginning of retirement and again towards the end. The graph of a retiree's spending pattern looks like a big smile.
Why the 4 Percent Rule No Longer Works
For decades Americans have calculated their retirement saving needs on the 4% Rule - if you can withdraw 4% of your retirement fund per year, there's every chance you'll have enough money for your golden years. That rule was calculated on interest rates much higher than we're seeing now, and it's proving to be not so reliable for people who will retire in the future.
5 Ways to Fix Your Retirement Fund Shortfall
When you hit your 40s or 50s the idea of retirement (which seemed so far off in your 20s) is suddenly right around the corner. If you've reached this age and have not been diligently socking away money for retirement, there are some things you can do to fix the problem.
Women and Men Think Differently About Finances Too
"Women are from Venus, men are from Mars" has become a saying embedded in our vocabulary. It indicates that women and men see things differently and have a different approach to many aspects of their lives. Finances, it appears, is one of these areas.
Americans Regret Not Having a Rainy Day Fund
The recent Bankrate Financial Security survey showed that most Americans have regrets about the financial decisions they've made. At the top of the list is not saving enough for retirement, but a close second is not saving for emergencies.
3 Reasons Not to Fear Retirement
If you are nearing retirement age, you are not alone. Roughly 10,000 Baby Boomers retire every day in America, and that number is set to stay true for the next 19 years. Many people face uncertainties and fears about their own retirement. When it should be a well-deserved rest after a lifetime of hard work, a lack of planning may result in apprehension and stress.
Millennials Can Create a Lifelong Wealth Plan
For a highly educated generation, Millennials show a surprising ineptitude in certain areas of money management. And a generation that lacks secure pensions will certainly need to prepare for their twilight years.
Generation X and Their Retirement
People in Generation X (those in their 30s and 40s) have solid reasons to be stressed out about their financial futures. Many are saddled with debt, have not saved as much as they should have for retirement, and perhaps were underemployed during recent economic downturns.
David Lerner Associates: Ending Financial Stress with Planning
Bank of America / Merrill Lynch's 2016 Workplace Benefits Report was an interesting study in the financial confidence of today's workers. 75% of employees polled indicated they are not financially secure, and 60% say they are somewhat or very stressed by their financial situation, according to the report.
David Lerner Associates: The DIY Retirement Plan
Part of the American Dream was working hard for 40 years and retiring with a comfortable company pension at age 65. For most of today's young adults, that scenario is no longer an option. A recent survey of corporate pensions revealed that just 28% of the plans they surveyed still remain open, and 25% of workers with an active pension are likely to see the plan close or freeze at some point in the future.
David Lerner Associates: Older Americans are Blazing a Trail to Retirement
The theme of Older Americans Month 2016 is Blaze a Trail. The idea is to use this theme to raise awareness about important issues facing older adults. Retirement is certainly one of those issues. According to the Government Accountability Office, among households with members aged 55 or older, nearly 29% have neither retirement savings nor a traditional pension plan.
David Lerner Associates: Tips to Build Wealth
Wealth isn't something you wake up to one morning. It's built and earned over time. Carefully. Strategically. With deliberate purpose. If building a healthy personal fortune is appealing to you, then here are some tips to help you on the wealth-building journey.
David Lerner Associates: Saving for Early Retirement
According to a research study by the Employee Benefit Research Institute, Americans' confidence in their ability to secure a financially comfortable retirement increased in 2015, however, only 61% report that they are currently saving. That means that more than one-third are not saving for retirement.
David Lerner Associates: Financial Tools are Just the Beginning
One big worry for many Americans in the prime of life is their financial future - how to pay for their kid's college, when to retire, and whether they'll have enough to retire on are major concerns. April is Financial Literacy Month, a good time to reevaluate financial plans and make sure that the calculations those plans are based on are valid.
How to Fix Your Retirement Planning
Retirement planning can be an activity that if done right, could provide a much needed comfort zone post-employment. However, there are some pitfalls and definite ways to do it wrong. Here are some of the major errors that are made in the planning process, and how to correct them.
David Lerner Associates: Five Common Financial Mistakes
Your current financial situation is a combination of every decision relating to money you've made in the past. If you're like most people, you have had very little or no coaching, so you're just learning as you go.
David Lerner Associates: How to Retire Wealthy
If you're under 40, your most valuable asset isn't youthful vigor or a full head of hair. It's time. Retirement is decades away, and contributions to a 401(k) or other retirement plan will have years to compound and grow.
David Lerner Associates: The Best Place to Work Might be at Home
As technology advances and removes the barriers to remote work, telecommuting jobs are on the rise. The number of people working fro home is expected to increase by 63 percent in the next five years.
David Lerner Associates: How to Retire a Millionaire
The goal of retiring as a millionaire might seem impossible, but with good planning and determination it can be achieved.
Five Smart Retirement Strategies for Entrepreneurs
Retirement is not always top of the list of concerns for entrepreneurs. In fact, nearly 40 percent of small business owners in the U.S. don't have a retirement strategy at all.
David Lerner Associates: Financial Planning in your 60s
In order to retire at age 65 you will likely need to have accumulated a sizable retirement nest egg by the time you reach your early 60s.
David Lerner Associates: How to Outlast Market Ups and Downs
We've all heard stories of the wild fluctuations in the market during the Great Recession. How do you outlast these fluctuations and feel confident that the money you're working so hard to save will provide the comfortable retirement you're planning for.
David Lerner Associates: No Social Security COLA Hike in 2016
Retirees who depend on Social Security and Medicare are in for a disappointing year in 2016. There will be no cost of living allowance (COLA) increase next year.
David Lerner Associates: A Financial Plan that Works
A financial plan that works is important at any age, but it's essential for those approaching retirement age.
David Lerner Associates: 3 Retirement Saving Tips
Unfortunately, many Americans approaching retirement are not ready and may have to delay retirement, or work part-time, to meet their expenses.
David Lerner Associates: Parents' Long Term Care
October is Long Term Care Planning month. Long-term care is described as home and community-based services for adults who need help taking care of themselves.
David Lerner Associates - Long Term Care is Over to You
Only 13 percent of Americans have long term care insurance, just a fraction of those who will need help as they grow older.
David Lerner Associates: Money, Stress and Financial Planning
October is Financial Planning Month. Even though the economy is recovering, money is still the number one source of stress affecting the health and lifestyles of most Americans.
David Lerner Associates: The American Retirement Crisis
The growth in the older age group has changed the face of the U.S.workforce. The share of workers age 55 and over hit 22 percent in July 2014. That's the highest since record-keeping began in 1948.
David Lerner Associates: Retirement Income Gender Gap
One of the most important factors is retirement planning is to figure out your retirement income needs. There are many reasons why women are more likely than men to face a retirement income shortfall.
Three Things That Can Derail Your Retirement
The American Dream - work hard and retire comfortably at 65 - is more of a dream than a reality for most seniors. A new GAO analysis finds that among households with members aged 55 or older, nearly 29 percent have neither retirement savings nor a traditional pension plan.
David Lerner Associates: 3 Financial Tips for Seniors
Studies show that the retirement age in America in creeping upward as many seniors choose to keep working longer. The easing of Social Security restrictions on earning income has also contributed to the trend.
David Lerner Associates: Housing Options for Older Individuals
As we grow older many of our needs (and wants) change. Children grow up and move away. Raking leaves from the lawn of the large house purchased 30 years ago to provide space and recreation for a family is probably no longer top of the list of things to do..
Four Things Women Need to Know about Social Security
The very first retirement benefit check was issued in 1940 and since then women have been relying on Social Security to provide much-needed retirement income.
Optimizing Your Social Security Retirement Benefits
Optimizing your Social Security retirement benefits means getting the best return possible on each dollar you've contributed to the system over the years
Moving from Work to Retirement
As you near retirement age there are a lot of decisions to be made. The most important one is whether you can afford to retire, and if so, at what age?
Retirement Plan Considerations at Different Stages of Life
Although it may not seem so at the start of your career retirement planning should always be a major part of your financial plan.
David Lerner Associates: Key Issues for Older Americans
While retirement is generally something to look forward to there's also the concern about the cost and availability of health care and the worry about what might happen if one becomes unable to live and care for oneself independently.
Retirement Income: The 3-Legged Stool
Retirement income has been described as a "three-legged stool" composed of Social Security, traditional employer pension income and individual savings and investments.
David Lerner Associates: 4 Myths and Facts about Social Security
Social Security is an important source of retirement income for most Americans. But it may be unwise to rely too heavily on Social Security, because to keep the system solvent, some changes will have to be made to it
Retirement Savings Challenges for Women
While women have more opportunities than ever before they often face unique obstacles that can make saving for retirement a challenge
David Lerner Associates: Saving for Retirement
With thousands of investment possibilities and the complex rules governing retirement plans, most people don't even know where to begin.
David Lerner Associates: Social Security Survivor's Benefits
Although planning for what happens to your estate and your assets after you die is not something anyone likes to think about, it's a necessary part of one's financial planning.
How Divorce Affects Social Security Retirement Benefits
No matter how carefully one plans for retirement, unexpected events can occur that change the situation. One such challenge is divorce.
Older Americans: How Secure Is Social Security?
Older Americans who are already retired or close to retirement age probably have nothing to worry about - Social Security benefits will likely be paid to them in the amount they planned on (at least that's what most of the politicians say). But what about the rest of us?
Working While in Retirement
An increasing number of employees nearing retirement plan to work for at least some period of time during their retirement years. The obvious advantage of working during retirement is that you'll be earning money and relying less on your retirement savings-
Understanding Social Security
Social Security is one factor in retirement planning for millions of Americans. But Social Security is now much more than just a retirement program. It's scope has expanded to include other benefits such as disability, family,, and survivor's benefits.
Older Americans Month: How Much Retirement Income Will you Need?
The first wave of 75 million baby-boomers (those born between 1946 and 1964) in the US are reaching retirement age. Older Americans Month is a good time to focus on how well these boomers are prepared for retirement.
David Lerner Associates: Issues Unique to Older Americans
Many Americans may view getting older with mixed emotions. While retirement is generally something to look forward to there's also the concern about the cost and availability of health care and the worry about what might happen if one becomes unable to live and care for oneself independently.
Older Americans Month: Retirement Income Needs
Older Americans Month is a good time to focus on how well prepared Baby Boomers are for retirement. A good retirement plan should start with establishing the annual income requirement needed to retire.
Savings Plan a Key Factor in Retirement Confidence
The 2015 annual Retirement Confidence Survey (RCS) found that confidence of American workers in their ability to retire comfortably continues to rebound from the record lows of the years 2009- 20013. The key factor in this increasing optimism is having a savings plan in place.
Small Business Week: Retirement Plans
If you own a small company and you haven't established a retirement savings plan, Small Business Week is the perfect time to review the situation. A retirement plan can assist you and your employees save for the future.
Planning for Earned Income in Retirement
Most people these days are not going to achieve the sort of lifestyle that was envisioned for retirement even a decade ago. Many folks now retire from their regular job and then start a business of their own or work part time.
David Lerner Associates: Making Portfolio Withdrawals
When planning for retirement income you'll need to determine your portfolio withdrawal rate, decide which retirement accounts to tap first, and consider the impact of required minimum distributions.
David Lerner Associates: Healthcare Considerations for Older Americans
At any age health care is a priority. Older Americans tend to focus more on health care than ever before. Staying healthy is your goal, and this can mean more visits to the doctor for preventive tests and routine checkups.
Older Americans Month: Retirement Basics
It's a well-known fact that the majority of Americans have not planned for their retirement. Research from the Insured Retirement Institute shows that only a third of Baby Boomers are confident their savings will last throughout all their retirement years
Are You Ready to Retire?
The question is actually more complicated than it first appears because it demands consideration on two levels - emotional and financial.
Checklist for Older Americans Nearing Retirement
The first wave of the 75 million baby boomers in the US has already reached retirement age, and it's not too far off for the rest.
David Lerner Associates: Social Security Decisions
As you near retirement when to claim your Social Security benefits is one of the biggest decisions you’ll need to make. With pensions disappearing Social Security remains the major source of guaranteed lifetime retirement income for most Americans.
Are 529 Assets Subject to Medicaid Spend-down Requirements?
Unless future legislation exempts 529 plans from Medicaid rules it would be wiser to assume that these assets could be subject to the state's grasp.
Women and Retirement Planning
National Retirement Planning Week is of particular interest to women. Because their careers are often interrupted to care for children or elderly parents, women may spend less time in the workforce and earn less money than men in the same age group.
In Retirement Timing is Everything
When it comes to transitioning into retirement timing really is everything The age at which you retire can have an enormous impact on your overall retirement income situation so you''l want to make sure you've considered your decision from every angle
Your Lifestyle After Retirement
Have you given any thought to how this lifestyle might change after retirement? It might be advisable to sit down with a professional financial planner who can guide you through your best options.
David Lerner Associates: Switching Professions? Take Your 401(k) and Roll It
Sometimes, you have no alternative - you need to use the funds. If so, try to minimize the tax impact. For example, if you have nontaxable after-tax contributions in your account, keep in mind that you can roll over just the taxable portion of your distribution and keep the nontaxable portion for yourself.
David Lerner Associates: Women's Health Care in Retirement
At any age health care is a priority. But when a person retires focus on health care is more important than ever before. This is especially true for women.
David Lerner Associates: Just How Much Yearly Revenue Can Your Retirement Portfolio Provide?
Prolonging your savings may call for attention to tax issues. For example, how will higher withdrawal rates affect your tax bracket? And does your withdrawal rate take into account whether you will owe taxes on that money?
David Lerner Associates: Distribution Funds - Putting Revenue on Autopilot
As baby boomers retire, they begin to focus less on accumulating assets and more on how those assets may be converted into an ongoing stream of income. Distribution funds are one way to simplify that method.
David Lerner Associates: How to Resolve Retirement Income Shortfalls
Without prudent planning and a commitment to saving now to make that happen, millions of older Americans find themselves with an income shortfall.
David Lerner Associates: Financially Speaking, Women and Men are Different
Women today have never been in a better position to achieve financial security for themselves and their families. What financial course will you chart?
David Lerner Associates: 2015 Social Security and Medicare Figures
The Social Security Administration has announced the new figures that beneficiaries will receive for 2015.
David Lerner Associates: Social Security and Medicare
Many Americans now choose to continue working after age 65. Some do it for financial reasons and others because they just don't feel ready to retire.
David Lerner Associates: The 2014 Social Security Trustees Report
The financial projections in this report indicate that even though the trust fund that finances Medicare's hospital insurance coverage will remain solvent until 2030 (four years beyond last year's projection), steps need to be taken to address Medicare's financial challenges.
David Lerner Associates Hosts Save for Retirement Week Seminars
October 19- 25 is National Save for Retirement Week. The purpose of this week is to raise public awareness about the importance of saving for retirement.
David Lerner Associates: Why Certain People Claim Social Security Benefits Early
There are many reasons people decide to claim Social Security retirement benefits at the earliest possible age of 62 according to a recent General Accounting Office report.
David Lerner Associates: A Retirement Income Roadmap For Women
It is essential to become involved in retirement planning even if you're married. Many women end up single at some time in their lives due to divorce or death of a spouse.
David Lerner Associates: Social Security and Divorce
If you want to qualify for one half of your ex-spouse's Social Security benefits, there are certain requirements which must be met.
David Lerner Associates: Misconceptions and Realities about Social Security
There's no doubt about it, Social Security is an essential source of retirement income for most Americans. More than nine out of ten people age 65 and older obtain Social Security advantages.
David Lerner Associates: Are You Planning to Work During Retirement
As employees near retirement age, more and more plan to work at least some of the time during the course of their retirement years.
David Lerner Associates: Should You Pay Off Your Debt or Save for Your Retirement?
Like many people, you may be torn between paying off debt and the need to save for retirement. Both are vital.
David Lerner Associates: Early 401(k) Withdrawals: A Troubling Trend
When people take money out of their 401(k) plan early, not only are they paying a heavy price in penalties and taxes, but they're also potentially jeopardizing their future retirement security.
David Lerner Associates: Three Potential Retirement Plan Options for Small Businesses
Many small business owners think that they can't afford to offer a retirement plan to their employees. However, this often isn't the case.
David Lerner Associates: Review Common Retirement Planning Mistakes
And about half of Americans say they are actively saving for retirement, with about one-third saying they haven't saved any money yet for their future retirement.
David Lerner Associates: How to Reduce Your Living Expenses During Retirement
Cutting down on your spending is one of the best ways to make your retirement savings last longer.
David Lerner Associates: Gender Gap Extends to 401(k) Plans
Studies have indicated that a gender gap exists between men and women when it comes to overall financial literacy.
Four Retirement Planning Tips for Millennials
David Lerner News: Many Millennials are graduating college with crushing student loan debt and poor prospects for finding a well-paying job. The picture is even worse when it comes to some Millennials' future retirement prospects
How to Meet Your Retirement Healthcare Expenses
There are lots of unknowns that have to be accounted for when it comes to planning for retirement, but perhaps the biggest are your healthcare expenses.
Should You Save For Retirement or Your Kids' College Education?
If faced with the choice of saving for retirement or saving for your kids' college, which should you choose? While both are noble goals and usually smart financial moves, many experts say that most people should focus on saving for retirement instead of college, if they can't do both.
David Lerner Associates News: 5 Financial Goals Before You Reach 40
The 40s are generally considered to be the beginning of middle age. It's a critical stage for setting yourself up financially for the second half of your life
In Your 50s: Making a Final Retirement Savings Push
As they have started to become more health conscious, eating better and exercising more, many 50-somethings are feeling a lot better than they thought they would at this age. This has prompted the mantra among many that "50 is the new 40."
Retirement Choices - It's Up to You
Recent generations of Americans have been raised to believe that retirement is the ideal end-game for their life. You'll work hard for 40 years or so and when you reach that magical age of 65, you'll enter your "golden years".
The Retirement Disconnect: Confidence Doesn't Mirror Practices
Despite increased confidence in their ability to retire Americans in general are no more likely to have saved any more money for retirement this year than they did last year.
What's Your Retirement Number?
There are many uncertainties when it comes to retirement planning. One of the biggest uncertainties is determining how much money you will need to meet your living expenses after you retire. In other words, what is your "retirement number?"
What You Should Know About the New myRA Retirement Accounts
In the 2014 State of the Union address President Obama announced that a new type of retirement account would soon be made available to U.S. workers - myRA.
Retirement Saving Strategies for Married Couples
If you're married and plan to stay that way for the long term, it's important that your retirement savings strategies reflect this. Retirement savings strategies for married couples may differ from strategies for single individuals.
5 Ways to Become an Olympic Retirement Saver
It took many years of hard work, dedication and training for Olympic athletes to reach the pinnacle of athletic achievement.In some ways saving for retirement is similar to training to compete in the Olympic Games
Understanding the In's and Out's of Roth IRAs
Since they were created by Congress in 1997, Roth IRAs have become one of the most popular retirement savings vehicles in America. Their popularity primarily stems from the fact that Roth IRA earnings can be withdrawn tax free in retirement.
David Lerner Associates: Review the Safety of your Pension Plan
In the wake of Detroit's bankruptcy filing some public and private sector workers and retirees in other cities are reviewing the security of their pensions.
How to Get the Most Out of Your 401(k) Plan
If you are enrolled and actively participating in a 401(k) retirement plan at your place of employment, congratulations. This is one of the best things individuals can do to help prepare for a financially secure retirement.
David Lerner Associates: Financial Resolutions in Your 60s
In order to retire at age 65 you will likely need to have accumulated a sizable retirement nest egg by the time you reach your early 60s.
David Lerner Associates: Financial Resolutions in Your 50s
After a lifetime of diligently saving you're getting closer to the day when you hope to actually enter into and enjoy the retirement.
David Lerner Associates Financial Resolutions In Your 40s
The good news if you're in your 40s is that you may be entering your peak earning years - especially if both you and your spouse are working.
How Realistic Are Americans' Retirement Dreams?
Recent generations of Americans have grown up with a picture of retirement that's based on their parents and grandparents. How realistic is this idyllic scenario for baby boomers and members of Generation X and Y?
David Lerner Associates: Financial Resolutions in Your 30s
This is the time of year when many people make their New Year's resolutions. Take the time to also make a few financial resolutions
5 Baby Boomer Financial Behaviors and Attitudes to Watch
The financial behavior and attitudes of the baby boom generation is going to have a significant impact on the nation's financial picture in the coming years.
David Lerner Associates --How Safe Is Your Pension Plan?
Some financial and retirement experts are recommending that workers and retirees who are dependent on pension plans do some "what-if" scenario planning to gauge how well prepared they might be for a possible cut in their pension benefits.
David Lerner Associates: Many U.S. Seniors Facing Severe Income Shortages
A recent analysis of data from the U.S. Census Bureau indicates that seniors in every state except for two are living off of incomes that are lower than the level of retirement income that many financial planners often recommend.
David Lerner Associates: Do You Have a Zombie 401(k)?
Zombies have become all the rage recently with the popularity of movies and TV shows like Zombieland and The Walking Dead. But there’s a sort of financial zombie that can cause very real harm to your retirement plan: the “zombie 401(k).”
David Lerner Associates: 6 Strategies to Help You Save a Million Bucks
To many Americans, the thought of saving $1 million dollars over the course of their lives is a little overwhelming. It seems like such a large sum of money — and it is — that people often shrug off the goal of saving this much for retirement as unattainable.
David Lerner Associates: Watch Out for These Retirement Derailers
If you have ever seen a train derailment, even if it was just one in a movie that was created by special effects, you know how destructive it can be. The sponsor of a recent survey that was designed to gauge the retirement readiness of Americans used the term “retirement derailers” to describe the destructive effect that unexpected financial emergencies can have on Americans in the critical pre-retirement years.
How to Save for Retirement as a Self-employed Individual
When it comes to saving for retirement, self-employed individuals sometimes face unique challenges compared to employees who work for a company that offers an employer-sponsored retirement plan.
David Lerner Associates: National Financial Capability Study Reveals Shortcomings
In May, the FINRA Investor Education Foundation released its annual National Financial Capability Study.
David Lerner Associates: Seven Myths About Rollovers Debunked
One decision you have to make when changing jobs is what to do with the money you’ve accumulated in your company retirement account (e.g., 401[k], 403[b] or 457 plan).
David Lerner Associates: Should Muni Bonds Be Held in Retirement Accounts?
When considering what kinds of investments should be held in their retirement portfolios, many people usually don't think about municipal bonds.
How Much Will Healthcare Cost in Retirement?
Fewer employers today are offering retiree health benefits and that this number is expected to continue to decline in the future.
Are We Facing a Retirement Crisis?
Is America facing a "looming catastrophe" when it comes to retirement?
How Stay-at-home Moms Can Prepare for Retirement
It is just as important for stay-at-home moms to plan for their retirement as it is for working moms.
David Lerner Associaties: Are You Robbing Retirement to Pay for College?
Many families today are faced with two competing long-term financial goals: saving for retirement and saving for their children's college educations.
David Lerner Associates: Should You Take A Lump Sum Pension Offer?
Recently, some large U.S. companies have offered to buy out the pension benefits of their workers and retirees by giving them one-time, lump-sum payments instead.
Retirement Planning Strategies For Each Stage of Your Life
Retirement planning is not an isolated, one-time event - something that you do once in your life and then just put on cruise control. It should be an ongoing process that changes and evolves as you move through the various stages of your life.
Can You Live Off Interest During Retirement?
When it comes to retirement planning, the goal of some people is to build up a large enough nest egg so that they can live off of the interest earned by their investments and not have to withdraw their principal during retirement.
David Lerner Associates: Inheriting a Retirement Account
Inheriting a retirement account can feel like winning the lottery. That's the good news. The bad news is that not following the hard-and-fast rules governing inherited retirement accounts can result in much of that windfall going to the taxman.
David Lerner Associates : Ready for Retirement?
In 2011 the first wave of baby boomers hit the traditional retirement age of 65. Over the next 19 years another 10,000 baby boomers will turn 65 every day, according to the Pew Research Center
Fixed vs Variable Annuities: Look Before You Leap
The potential for tax-deferred growth and a guaranteed stream of income can make annuities an attractive financial option for retirement. Investors fund an annuity with already-taxed dollars and that money then grows tax deferred until it is withdrawn.
David Lerner Associates : Slowing Down in Retirement May Not Be an Option
If a recent survey of middle-class Americans is anything to go by, the age of 80 may very well be the new 65 when it comes to retirement.
Retirement Planning Strategies For Your 70s
By their late 60s and 70s, most Americans have either left the workforce altogether or scaled back to part-time work. But this doesn't mean that retirement planning ceases to be important in your 70s.
Retirement Planning Strategies For Your 60s
For many people, the 60s are the decade when they are nearing or ready to finally enter the retirement that they may have been planning for most of their lives.
Retirement Planning Strategies For Your 40s
This is the fourth in a series of articles detailing retirement planning strategies for individuals at each stage of their life.
Have You Planned Ahead for Your Retirement Lifestyle?
Living the lifestyle you dream of in retirement requires not only years of disciplined saving and wise financial planning and investing, but also the realization that choices and tradeoffs are inevitable
SEP-IRAs - A Retirement Plan Option for Small Businesses
A SEP-IRA is a low-cost, easy-to-administer retirement plan that's often ideal for owners of small businesses and self-employed individuals. Sole proprietorships, S and C corporations, partnerships and LLCs all may qualify to establish a SEP-IRA.
Roth IRAs - Making A Good Thing Better
In 1997, Congress made a good thing better when it created a new type of retirement savings account, the Roth IRA. Named after Senator William Roth, who introduced the legislation that created them.
Why Traditional IRAs Are So Popular
Millions of Americans have taken control of their retirement future by investing in Individual Retirement Accounts since IRAs were first introduced in 1975. IRAs have become one of the most popular retirement savings vehicle in America.
What You Should Know About Retirement Plans
Retirement planning for Americans has changed drastically over the past few decades.Tthe bulk of responsibility for retirement saving has shifted to employees themselves
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