Is America Prepared to Retire?
Two-thirds of us have no financial plan. Provided by Marc Aarons @ Money Managers Inc. Only 48% of Americans say they think they are saving enough. And 30% feel that they are not even slightly confident that they are saving enough for retirement. That finding comes from the 2015 Consumer Financial Literacy Survey conducted […]
Is Your Company’s 401(k) Plan as Good as It Could Be?
In light of a recent SCOTUS ruling, this is a good time to double-check. Provided by Marc Aarons @ Money Managers Inc. How often do plan sponsors check up on 401(k)s? Not as often as they should, perhaps. A recent legal development seems to call for greater supervision of these plans from employers – […]
At Last, a Greek Debt Deal
A look at the winners, losers & terms. Provided by Marc Aarons @ Money Managers Inc. It looks like Greece will stay in the euro. After eurozone finance ministers pulled an all-nighter, negotiating for 17 hours into early Monday morning, the government of the beleaguered nation accepted the latest bailout terms offered by its creditors. […]
Another Glitch Hits Wall Street
The NYSE freezes floor trading for more than three hours. Provided by Marc Aarons @ Money Managers Inc. Floor trading was abruptly halted at the New York Stock Exchange Wednesday. At 11:32 am EST, a sudden problem forced the NYSE to interrupt trading in all symbols and cancel all open orders in its main market. […]
Behind on Your Retirement Savings?
What steps could you take to catch up? Provided by Marc Aarons @ Money Managers Inc. If life has not allowed you to build substantial retirement savings, what can you do to improve your retirement prospects? Here are some suggestions. Play catch-up. If at all possible, take advantage of the catch-up contributions the IRS allows […]
Can the Market Ride Through the Greek Debt Crisis?
U.S. equities face their biggest test of 2015. Provided by Marc Aarons @ Money Managers Inc. June definitely ended with some drama. When Greek government officials told Reuters Monday that the nation could not make its €1.5 billion loan repayment to the International Monetary Fund on June 30, the Dow plunged 350.33, the S&P 500 […]
Long-Term Investment Truths
Key lessons for retirement savers. Provided by Marc Aarons @ Money Managers Inc. You learn lessons as you invest in pursuit of long-run goals. Some of these lessons are conveyed and reinforced when you begin saving for retirement, and others you glean along the way. First & foremost, you learn to shut out much […]
Are You Retiring Within the Next 5 Years?
What should you focus on as the transition approaches? Provided by Marc Aarons @ Money Managers Inc. You can prepare for your retirement transition years before it occurs. In doing so, you can do your best to avoid the kind of financial surprises that tend to upset an unsuspecting new retiree. How much monthly income […]
Retirement In Sight, April 2015
News and Information for Current and Future Retirees April 2015 Presented by Marc Aarons @ Money Managers Inc. “I have found that if you love life, life will love you back.” – Arthur Rubenstein TRAVEL TIP Carry on whenever you can Unless you are really going on extended jaunt, consider getting by with […]
The Major Retirement Planning Mistakes
Much has been written about the classic financial mistakes that plague start-ups, family businesses, corporations and charities. Aside from these blunders, there are also some classic financial missteps that plague retirees. Calling them “mistakes” may be a bit harsh, as not all of them represent errors in judgment. Yet whether they result from ignorance or fate, we need to be aware of them as we plan for and enter retirement.