In a recent study released by the nonprofit Transamerica Center for Retirement Studies, only 10% of those surveyed have ever taken the time to formally plan for their retirement needs, either through online calculators or working with a financial planner....
Relating Retirement Savings to Taxes
Making the right decisions about your retirement savings can do wonders for your tax burden. That’s because retirement accounts come with tax advantages. How much you pay in federal income tax is based on your taxable income, which is your income minus any exemptions or deductions for which you qualify. The higher your taxable income, the higher the percentage of your income you may pay in taxes, depending on your income tax bracket....
A Dream Deferred?
America has long been touted as the land of opportunity. It’s the place where our grandparents and parents decided to come, so they could provide a better life for their families. Part of that “American Dream” has always been to see the next generation surpass the last, as that was the truest testament to their sacrifice....
American Life Expectancy Takes a Slight Dip
How long you expect to live is one of the key variables in retirement planning. In fact, the fear of living longer than anticipated has caused an increased interest among retirees in longevity insurance in the form of immediate annuities. Which is why I found data recently released from the Centers for Disease Control and Prevention on American life expectancy a little counter-intuitive....