Retirement

All You Need to Know about Average Social Security Check
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All You Need to Know about Average Social Security Check

Social Security provides monthly benefit checks to various recipients. As of April 2024, the average payment is $1,776.73, as reported by the Social Security Administration. However, the amount varies significantly depending on the recipient type. Generally, retirees receive higher payments than the overall average. Here’s a breakdown of the average Social Security check by recipient […]

Top Bond Funds for Investors in Retirement
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Top Bond Funds for Investors in Retirement

When planning for retirement, investors typically use a mix of equity (stock-based) and fixed-income investments. If you’re young with many years until retirement, your portfolio is likely to lean heavily towards equities. This is because you have the time to recover from any short-term market fluctuations. As you get closer to retirement, your portfolio should […]

How to Apply The Method of Safe Withdrawal Rate (SWR)
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How to Apply The Method of Safe Withdrawal Rate (SWR)

The safe withdrawal rate (SWR) method is a spending strategy designed to help retirees draw down their portfolios while minimizing the risk of depleting their funds. Although not perfect, the SWR provides a useful guideline for managing retirement spending. Balancing a portfolio according to the safe withdrawal rate requires careful planning. Retirees and financial advisors […]

How to Handle The Top 4 Retirement Concerns
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How to Handle The Top 4 Retirement Concerns

With Social Security facing challenges, living costs on the rise, and longer life expectancies, it’s natural to feel apprehensive about retirement. A recent poll by analytics and advisory firm Gallup revealed a level of pessimism among non-retired Americans regarding their prospects for a comfortable retirement, not witnessed since 2012. However, proactive planning can alleviate some […]

Ways to Use Your Employer’s Company Credit Card
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Ways to Use Your Employer’s Company Credit Card

Your company has recently issued you a credit card for job-related expenses, enhancing both your daily routines and business travels. However, it’s crucial to adhere to your employer’s intended usage for the card. Begin by comprehending the functionality of corporate cards and familiarizing yourself with your employer’s card policy. For employees of small businesses, you […]

All You Need to Know about Charitable Gift Annuity
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All You Need to Know about Charitable Gift Annuity

For many people, charitable giving typically involves writing a check or donating online. But what if you could integrate your generosity into your retirement plan while also generating income for yourself? Charitable gift annuities (CGAs) provide a strategic way to support your favorite nonprofit and secure a guaranteed income stream for yourself. Here’s what you […]

Five Strategies to Avoid Inflation Ruining Your Retirement
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Five Strategies to Avoid Inflation Ruining Your Retirement

Inflation reached its highest level in four decades in 2022, prompting investors to seek ways to safeguard their savings. However, there’s no foolproof solution, and strategies that have historically worked may not offer the same results in the future. With inflation persistently high, registering at 3.4 percent annually as of May 2024, concerns about its […]

3 indicators that your 401(k) is too aggressive
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3 indicators that your 401(k) is too aggressive

Assessing whether your 401(k) is overly aggressive is crucial for optimizing your retirement savings strategy and ensuring it aligns with your risk tolerance and financial goals. If you find your portfolio is too heavily skewed towards aggressive investments, it’s essential to take steps to rebalance it. Let’s delve into how you can evaluate and adjust […]

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