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For a growing number of Americans, “retirement” simply means changing where or how you work. More than half of Americans age 40 and up expect to continue doing paid work after retirement, according to TD Ameritrade. This includes 86% of people in their 50s, while a remarkable 92% of people in their 40s expect to keep working…
For a growing number of Americans, “retirement” simply means changing where or how you work. More than half of Americans age 40 and up expect to continue doing paid work after retirement, according to TD Ameritrade. This includes 86% of people in their 50s, while a remarkable 92% of people in their 40s expect to keep working…
All in all, 2019 was a pretty strong year for the economy. Job growth was brisk, with both inflation and interest rates low. Economic growth was decent as recessionary fears have abated. Consumers remain confident, highlighted by solid holiday sales. But this doesn’t mean everyone is prospering. Here are some money and finance trends to…
The sooner you start saving for retirement, the more opportunity you’ll have to build a solid nest egg without having to sacrifice too much on an ongoing basis. But data from Nationwide tells us that Americans are putting in roughly a decade in the workforce before giving their long-term savings a thought. The average American begins funding a…
American flag waving with the Capitol Hill in the background-GETTY The days of relying on Social Security and defined benefit plans for a secure and comfortable retirement are swiftly coming to an end. The next waves of retirees should have substantial personal savings in order to create a detailed and long-lasting plan, better than those…
A retirement income specialist shares three important lessons he’s learned during his own financial and mental journey as he gets ready to dive into retirement. His personal insights could help guide your path as well. Planning for my own retirement has been interesting, as my day job is teaching financial advisers about retirement planning. At…
GETTY The new Setting Every Community Up For Retirement Enhancement (SECURE) Act, just signed by President Trump, is the broadest piece of retirement legislation passed in 13 years. Ultimately, the law focuses on retirement planning in three key areas: 1) modifying required minimum distribution (RMD) rules for retirement plans; 2) expanding retirement plan access and…
A new study looks at what keeps older adults from getting sufficient fluids to avoid negative health outcomes. New research stresses the importance of staying hydrated as we get older. Staying hydrated seems simple enough. Yet studies have shown that somewhere between about one-third and one-half of older adults may be dehydrated, increasing their risk of health…
Studies show that about 60 percent of us make New Year’s resolutions each year–sadly, only about 8 percent of us achieve them. As the New Year fast approaches, it’s natural to feel a bit excited by the prospect of leaving behind the old year and beginning anew. In fact, research shows that about 60 percent of us…
How the pros help clients minimize their tax burden If you have a traditional 401(k), you will have to pay taxes when you take distributions. Unfortunately, that 401(k) money is subject to the worst kind of taxes—ordinary income taxes. The amount you pay is based on your tax bracket, and if you’re younger than 59½, add 10% (for early withdrawal) in…
Year in Review We have successfully completed another exciting year at Gregory Ricks & Associates. In 2019 we were able to create a strong team and positive culture at our office. This, of course, would not be possible without our loyal clients. As we move into 2020, we commit to continue to provide our clients…