Published 6:01 am PST, Monday, January 14, 2019 Image 1 of / 1 Caption Close Image 1 of 1 Retirement planning: How ‘life’ gets in the way and how to overcome the obstacles 1 / 1 Back to Gallery (BPT) - If you’re like many Americans, retirement planning may not be high on your ”to-do” list. When life is busy and you’re shouldering the burden of looking out for yourself and your family, setting up a retirement plan can slide down the priority list — especially if you’re hoping it will somehow be easier in a year, two or more. But if you look at the root causes of inertia behind retirement planning, it's clear how the effects from your behavior can be significant. Below are some insights to help you get on track and better understand the kinds of behaviors that can get in the way of planning for your financial future. 1. Put simply, it's overwhelming. Saving for retirement … [Read more...] about Retirement planning: How ‘life’ gets in the way and how to overcome the obstacles
701j retirement plan
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Robert Weisman Globe Staff December 26, 2018 Roslindale social worker Edy Rees said she and her husband, software engineer Mark Katz, “had this great plan” for retirement: She would garden and volunteer. He’d build furniture at his woodworking bench. They’d travel to visit friends in the British Isles.But outside forces intervened. Katz, now 70, took early retirement when his company was sold, becoming an on-and-off consultant. Budget cuts forced Rees, 76, to leave her job at a charity, though she continued for a time as an unpaid volunteer. After her daughter had a baby girl, Rees was pressed into grandmother duties. Katz jumped into helping on political campaigns. There’s been little time for travel.“We didn’t have a lot of control over our retirement circumstances,” Rees said. Advertisement For many older … [Read more...] about When it comes to retirement planning, many are making it up as they go
The vast majority of baby boomers haven't accumulated enough savings to fully retire at age 65 with their preretirement standard of living. That's the sobering conclusion of recent studies from both the Stanford Center on Longevity and HR consulting firm Aon. As a result, boomers will need to either work longer, reduce their standard of living in retirement or do some combination of the two. In addition, it's critical that they squeeze the most from their modest financial resources. That means baby boomers have to make some choices. Following are the top five retirement planning decisions that will have the biggest impact on most older workers' financial security. If you're in this category, you'll need to determine: When and how to retire (including whether to work part-time for a while) When to start taking Social Security benefits How to build your retirement income portfolio, including deploying retirement savings and, for the lucky few, any pension benefits What choices to … [Read more...] about 5 key retirement planning decisions for baby boomers
Consider these factors to bolster tour financial self-sufficiency. Pamela Yellen Published 1:00 pm, Friday, June 8, 2018 Photo: JGI | Jamie Gril | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: JGI | Jamie Gril | Getty Images Does Your Retirement Plan Pass the 3-Point Check-Up? 1 / 1 Back to Gallery Retirement plan fees, taxes and healthcare costs are among the biggest threats to Americans’ financial security. Many workers aren’t just financially unprepared for retirement -- they haven’t done the basic calculations to determine how much money they will need. Related: This Innocuous Sounding Phrase Is Actually a Mortal Threat to Your Retirement Planning That’s one of the findings of the 28th annual Retirement Confidence Survey just released by the nonprofit Employee … [Read more...] about Does Your Retirement Plan Pass the 3-Point Check-Up?
AUSTIN, Texas--(BUSINESS WIRE)--Apr 19, 2018--Kestra Financial, Inc. (Kestra Financial), an industry-leading independent advisor platform, today announced that it has hired Taylor Hammons, a financial services professional with extensive experience in retirement plan services, as its new Vice President and Head of Retirement Plans.Hammons’ experience in the retirement plan space ranges from sales and marketing, to product development and distribution, to rebuilding and launching 401k-related technology platforms. At Kestra Financial, he will be responsible for overseeing the company’s expanding retirement plan platform designed to provide the highest-quality support to financial advisors and clients in the independent space.“As our platform continues to grow, we have carved out a unique focus on retirement plans in an effort to support advisors within this specialization,” said Mark Schoenbeck, Executive Vice President and National Sales Director at Kestra … [Read more...] about Kestra Financial Hires Taylor Hammons as Head of Retirement Plans