Retirement planning, 401(k)s, pensions, and annuities.
Banking is an essential part of everyday modern life. Transactions happen behind the scenes at pivotal moments in our lives: Buying a vacation condo and need a loan? You’ll need a bank for that. Paying off your credit card (including that expensive steak dinner)? You’ll need a bank for that. Applying to live in an assisted living […]
Digital attacks are at an all time high, especially due to the uncertainty today caused by the coronavirus and now the protests across the nation. From social security scams to data breaches, our personal information is becoming more vulnerable than ever. With the looming economic uncertainty, hackers are increasingly predatory and looking to take advantage […]
The COVID-19 pandemic has deeply impacted the global economy, and it’s being felt on a very personal level by millions who’ve lost their jobs, their businesses and their savings. But people at or near retirement age may be hit especially hard. If you are in this group — and especially if you’ve been recently laid […]
Choosing where to live in retirement can be tough. How’s the health care system? Is it close enough to friends and family for regular visits? Is the weather nice? Are there lots of social activities for older residents? These questions barely scratch the surface of the things to consider — it can be a lengthy […]
If you’re looking at living as frugally as possible in your retirement, you may be considering moving to a state where the cost of living is more affordable. In the United States, the average retiree needs about $904,000 to cover their living expenses in retirement. Some states, like Hawaii, can cost twice that amount, but […]
Where you live in retirement can have a big impact on your annual expenses. While the average annual cost of living in the U.S. is $51,624, that figure can fluctuate significantly — from nearly double that amount in the most expensive state to just under 90 percent in the least expensive. Consider the average retirement […]
The fallout from the coronavirus pandemic has caused many to be laid off or furloughed from jobs, and retirement savings to be decimated. Over the last two weeks, unemployment claims have skyrocketed past previous levels. In fact, a recent SimplyWise survey found that 40% of Americans’ income has been impacted by the virus. Now, forced into […]
The CARES Act (Coronavirus Aid, Relief, and Economic Security) Act passed March 27 is more widely known right now as the “stimulus check bill”. The legislation is meant to provide relief to Americans whose employment and savings has been impacted by the COVID-19 pandemic. Indeed, those individual stimulus checks are badly needed. A recent SimplyWise survey found […]
Navigating retirement planning and Social Security rules can be challenging in the best of times. Trying to think about your 401(k) and your benefits during coronavirus can be downright overwhelming. But you are not alone. A recent poll found that despite the ongoing pandemic, Americans are more concerned about their finances than their health right now. The coronavirus […]
As we all adjust to this new normal, grocery stores and retail chains are stepping up to better serve some of the more vulnerable populations during the novel coronavirus pandemic. A number of chains recently announced early opening policies to give senior citizens and other at-risk groups less-crowded space to shop. Panic-shopping has left shelves […]