The recent collapses of two large banks, Silicon Valley Bank and Signature Bank, shook customers with cash deposits in banks and brought the workings of federal deposit insurance into the public eye. When financial institutions fail, are retirement accounts protected? Do you have reason to be concerned about your 401(k) or IRA nest eggs if your brokerage, mutual fund firm, or plan provider fails?
Choosing the right financial advisor is crucial for your financial success, and knowing when it’s time to switch advisors is equally as essential. Here are some key signs that you need a new financial advisor and what to look for when searching for a new one.
Discover the benefits of real estate investments for retirees, providing passive income through rental properties and REITs while exploring challenges and best practices for financial stability in retirement.
Discover how to maximize your Social Security benefits and passive income during retirement with our comprehensive guide, covering timing, investment strategies, tax planning, and more for a financially secure future.
Retirement is a time of life when people can finally take a break from their regular work routine and indulge in things they love. For foodies, this means traveling to places where they can experience and savor exotic flavors, try new dishes, and explore culinary cultures. If you’re a food lover looking for the perfect retirement vacation, there are many destinations around the world where you can indulge in your love of food and travel.
Retirement life in a van or RV is becoming an increasingly popular choice for many people looking to spend their golden years on the road. The freedom and flexibility that come with van life especially appeal to retirees who want to travel and explore new places without being tied down to a particular location.
As retirement approaches, many retirees face new challenges, particularly regarding housing. Recent statistics indicate that affordable, accessible, and suitable housing are among retirees’ most pressing concerns. In the United States, the retirement housing crisis already affects millions of people. Affordability remains one of the most significant issues, partly because over 40% of retirees have less than $100,000 in savings. Additionally, accessibility and suitability issues are highly concerning for many retirees, especially those with mobility challenges.
Are you a federal employee nearing retirement? Discover five crucial aspects of retirement planning for government workers and secure your financial future.
Retirement is a time of transition, marked by the end of a long and successful career and the beginning of a new chapter. For many, it is a period of reflection and introspection, a time to pursue hobbies, travel, and spend time with loved ones. However, retirement can also bring unexpected challenges that can catch retirees off guard, especially when it comes to financial planning and healthcare.
For many American retirees, taking a quality vacation is a high priority. After years of hard work, it’s time to relax and explore the world. However, with a fixed income, budgeting for an unforgettable trip can be a challenge. We will outline the financial planning needed for a quality vacation and suggest three budget-friendly travel destinations where retirees can get the most value for their dollars.