Articles about Retirement

Work-Life Balance

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.

News

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.

News

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.

Personal Finance

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.

Personal Finance

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.

News

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."

Personal Finance

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.

News

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.

News

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.

Personal Finance

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.

News

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.

News

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.

Advice

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.

Retirement

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.