Retirement planning was as difficult as ever in 2022. The S&P 500 was down more than 23 percent by October, since the start of the year and inflation was at 8.3 percent in August. For comparison, the annual inflation rate before the pandemic was 1.4 percent. It has become harder to make do in the […]
Many people don’t start saving for retirement until it’s too late. And, a lot of the time, that’s because they don’t know the first thing about finding a good retirement plan. To make sure you don’t fall into that trap, it’s a good idea to educate yourself on the different plans available to you. Here […]
Many people fail to think about their retirement until their 40s or 50s. However, this is a mistake. Putting off retirement planning can force you to postpone your retirement, sell your home and downsize, or otherwise compromise your plans for your golden years. To make sure you’re fully prepared for your retirement, start planning today […]
When you are in the prime of your life, retirement may seem like a long way off in the future. Maybe this perception is the reason why 60 percent of Americans haven’t determined how much they’ll need for retirement. However, if you want to enjoy a financially secure retirement, now is the best time to […]
Retirement planning is a long process, and it can be intimidating for many people. The vast majority of workers, in fact, have not taken even the most basic first steps to begin planning for their eventual retirement. However, the process can be more straightforward than you think. There are a few easy steps you can […]
When it comes to retirement, most Americans today have some form of defined-contribution plan for their retirement, typically through their employer. The most popular retirement plan today is probably a traditional 401(k) plan. Self-employed Americans, on the other hand, don’t have an employer to sponsor a retirement plan for them. In some cases, they may […]
Robert M. Ryerson has worked as a Certified Financial Planner since 1991. On a mission to help America’s workers secure their financial freedom during retirement, Robert M. Ryerson educates people about to retire on required minimum distributions (RMDs) and how they will affect their taxes during retirement. Once a person reaches the age of 70 and […]