Ominous News on 401(k) Hardship Withdrawals

Despite low unemployment and rising real wages, the number of people resorting to hardship or emergency withdrawals from their 401(k) plans is skyrocketing, according to a new report from Bank of America.

Retirement: A $1.8 Million Myth?

Every week we hear about some outrageous amount of money required for retirement. But do you really need $1.8 million to retire? The answer is a resounding no. Let's debunk this misconception and explore a more realistic approach to retirement planning.

Laid Off After 23 Years: Navigating Retirement Savings

Losing your job after 23 years can be a devastating blow, especially when it comes to your retirement savings. The fear of exhausting your severance package can lead to panic attacks. However, withdrawing from your retirement accounts prematurely should be avoided at all costs. Let's find alternative solutions to secure your future.

Social Security's COLA Projections for 2024

Anticipated to increase by approximately 3% in 2024, Social Security's Cost of Living Adjustment (COLA) reveals a promising outlook. This projected rise follows an impressive 8.7% increase in 2023. Let's delve into the implications and potential benefits of this upward trend.

Unveiling the Sellers Behind the Stock-Market Rally

Have you ever wondered who has been selling during the recent stock-market rally? Let's uncover the mysterious actors behind these market maneuvers and understand their motivations.

Saving Strategies: A Guide to Mortgage Reduction

When it comes to saving money on your mortgage, there are numerous strategies at your disposal. Explore these eleven effective techniques to lighten the financial burden of homeownership.

State and Local Pensions in Turbulent Times

Despite market volatility, state and local pensions appear to be in relatively good shape. Discover the reasons behind their resilience and how they navigate the stormy waters of asset markets.

Lessons Learned: Traveling with Family

Traveling with your spouse and adult children can be both rewarding and challenging. Join us as we share the five valuable lessons we learned from our adventures together.

Uncovered Risks: Homeowners Insurance Exclusions

Did you know that most homeowners insurance policies do not cover common risks? Prepare to be shocked as we unveil thirteen prevalent dangers that are typically not included in standard insurance coverage.

More Retirement News:

• I Saved Too Much for Retirement: What I Wish I'd Done Instead (Yahoo Finance)
• How to Get Started with Investing (Vox)
• The Trend of Early Social Security Claims and Unclaimed Retirement Money (USA Today)
• Three Compelling Reasons to Claim Social Security Upon Retirement (Kiplinger)
• Top 10 Steps to Take if Retirement is Just 10 Years Away (TheStreet)

This 90-year-old woman had the same job for 74 years—her best advice for being happier at work

Research and Insight:

• How To Reach A $2 Million Retirement Savings Goal (Forbes)
• You're never too young to save for retirement. Why a custodial Roth IRA may make sense. (USA Today)
• Column: How a higher retirement age would hurt low-income US workers (Reuters)
• The Success of Your Retirement Plan May Hinge on This Timing Factor (Yahoo Finance)
• How Much Does a $1 Million Annuity Pay Annually? (USNews)
• 5 Things You Must Do When Your Retirement Savings Reaches $100,000 (Yahoo Finance)

To share with your family, friends and clients:

• 'Ageism may be the most normalized and socially accepted form of prejudice,' but there is hope
• If you want to avoid student loans, it'll cost your parents 57% of the total price of college
• When was the last time you told anyone your last wishes? A third of Americans haven't told anyone theirs.
• 'Retire at 67? I'm already exhausted': I'm 49 with 25 years left on my $540,000 mortgage. Am I doomed?
• Generation Z credit-card debt soars 52% amid high inflation — but experts say that may not be a bad thing. Here's why.
• This chart went viral in response to news that credit-card debt hit $1 trillion