Posts

Retirement challenges for Generation X

Americans are living and working longer than ever before. The result is a current workforce comprised of multiple generations each at different points in the career lifecycle working side-by-side. At one end of the spectrum are the Millennials, the first group to come of age in the new millennium, now in their 20s and early 30s and typically in the formative stage of their careers. At the other end are the Baby Boomers now in their 50s and 60s who are planning or have already begun their exit from the workforce. Situated squarely in the middle is the cohort most commonly known as Generation X, the roughly 50 million people born from 1965 through 1980 now in their mid-30s to late-40s and in many cases firmly established in their careers. Read more

Estimating your retirement nest egg

For most Americans, retirement planning is ultimately focused on accumulating a “nest egg” of savings and investments to generate enough income to pay for a comfortable lifestyle.

To find out how large a nest egg you will need you must first estimate your “retirement income gap”. This is the difference between how much you’ll need each year to enjoy the lifestyle that you want and the amount of income that you expect to receive from sources including Read more

No time like today to save for tomorrow – Part Two

In my last post, I talked about the importance of making good financial decisions when planning for retirement. Although people have good intentions about how and when to save, left to their own devices, they fall prey to certain biases when making financial decisions. In this article, we’ll address additional obstacles and introduce some solutions to work around these issues. Read more