Articles about Retirement
Forget early retirement – people who saved enough say a ‘mini retirement’ is just as rewarding
Early retirement isn't always feasible for some people. Instead of an early retirement or end-of-career retirement, they opt for a mini-retirement, a series of meaningful respites away from their job.
The average Millennial expects to become a millionaire at some point and retire at age 56
The average Millennial says they expect to reach millionaire status at some point in their lifetime (47% don't think they'll reach millionaire status at all, and 4% say they already have) and 56 is the average age that they expect to retire from the workforce.
Survey: 8% never plan to retire and 61% ‘don’t know’ how much money they’ll need
While research has found that 21% of American adults have nothing saved for retirement, new findings show that the Golden Years aren’t in the cards for everyone, and many aren’t even sure how much they’ll need to get there.
The answer to ‘What is the single most effective piece of financial advice you’ve ever received?’
One colleague gave me the most effective piece of financial advice, look at the fund's Expense Ratio. The expense ratio does not include the cost of buying a fund. This expense is referred to the sales load fee, and is a one-time event.
Survey: 21% of adults have nothing saved for retirement
You may have grown up hearing that you should save for retirement as soon as possible, but new data shows that some people haven't actually put this advice into practice.
Survey: You need $2.4 million to be considered ‘wealthy’ in America
Just how much money do you have to be to be considered "wealthy" in America? Recent findings from Charles Schwab’s 2018 Modern Wealth Index pinpoint the number at $2.4 million on average. Respondents said that $1.4 million is needed to be considered "financially comfortable."
By 35, you apparently need to have twice your salary saved for retirement
Hope you've been saving since your nascent twenties because the number listed is not pocket change. Fidelity Investments experts said you need to have a year's worth of your salary saved by 30. By 35, that number needs to jump to double your salary.
46% of Americans think they won’t have enough for retirement
We know that people have a habit of moving to certain cities and states to make their money go further during retirement, but recent research shows that people who haven't yet reached their Golden Years think they'll have a tough time financially during that chapter in their lives.
These are the top states and cities retirees are moving to
We analyzed migration data from the U.S. Census Bureau. Specifically, we compared the number of retirees immigrating into a city and compared it to the number of retirees emigrating from a city. Check out our data and methodology below to see where we got our data and how we put it together.
Survey: More than half of workers over 60 are postponing retirement
New research shows that 53% of people ages 60 and up report that "they are postponing retirement" and 24% of workers surveyed say they don’t know how much money they’ll need to put away for their Golden Years.
Study: 57% of millennials say social media leads to unplanned spending
It's one thing to feel FOMO, but it's another to feel pressured into spending money you weren't originally going to because of what you saw on social media.
Study: Many millennials spend more on coffee than they save for retirement
What would you be willing to sacrifice to start a debt-free life? According to micro-investing app Acorn's new survey of millennials' financial spending habits, almost half are willing to go to extreme lengths to wipe the red out of their ledgers.
These are the best cities for retirement
When the time has come to transition away from the rat race and move into the golden years of retirement, you may want to think about the South and Midwest.
Congresswoman Ros-Lehtinen announces retirement, and you can learn a few things from it
Congresswoman Ileana Ros-Lehtinen's surprise retirement announcement holds a few lessons.