How Employers can Help Improve the Financial Wellness of Minority Employees

By Ron Sanders on July 18, 2017

In recognition of Minority Mental Health Month, it’s important to note this imbalance in minority preparedness for retirement. In order to alleviate the financial stress of your employees, certain steps can be taken in order to increase their financial health.

Continue Reading

Save Money with this Fun Filled Vacation: Visit one of our National Parks

By Ron Sanders on July 12, 2017

Summertime is in full swing which means vacations are just around the corner. According to a poll by The Associated Press-NORC Center for Public Affairs Research , nearly half of Americans say they don’t plan on taking a summer vacation this year, mainly because they can’t afford it. Trips can be costly with airfare, hotel expenses, restaurant meals and more quickly tallying up. It can be difficult to manage expenses when on vacation, however it’s still possible to have fun and indulge without breaking the bank.
Continue Reading

Women and Retirement: Seventeen Surprising Facts and How to Approach Them

By Ron Sanders on July 6, 2017

The number of wealthy women in the United States is rising twice as fast as the number of wealthy men according to CNBC. Many experts estimate that by 2030, women will control as much as two-thirds of the nation’s wealth. As these indicators all pointing to financial risings for females, it is important that women plan their retirement savings accordingly.

Topics: retirement
Continue Reading

Factoring in Health Care Costs when Saving for Retirement

By Ron Sanders on June 28, 2017

One of the biggest issues in retirement remains the cost of health. With the enjoyment of a longer retirement comes the cost of extended healthcare coverage. Furthermore, healthcare costs are increasing more than two-and-a-half times the rate of inflation. Additionally, as life expectancy rates continue to climb, so does the amount of money needed to sustain an individual’s costs over his or her lifespan.

Topics: retirement
Continue Reading

How Stay-at-Home Spouses Can Better Prepare for Retirement

By Ron Sanders on June 21, 2017

A Federal Reserve report on the economic well-being of U.S. households in 2015 found, among other things, that 31 percent of non-retirees reportedly “have no retirement savings or pension whatsoever.” Where households are supported by two incomes, some may only have one spouse contributing to the retirement fund. As they approach retirement age, many couples are left wondering how they can contribute to the nest egg.

Topics: retirement
Continue Reading

SEP IRA: The Roadmap to Retirement for Self-Employed Individuals

By Ron Sanders on June 20, 2017

Continue Reading

How Spending after Children Leave Home is Worsening the Retirement Crisis

By Ron Sanders on June 14, 2017

It has been long assumed that once children grow up and leave home, reductions in spending will follow as parents handle a more disposable income. However, recent findings have shown that many households aren’t showing an increase in savings as one may expect. For many empty-nesters, a later in life savings jump is crucial for families that have been supporting their children for the past 20-some-odd years. According to certain estimates, empty-nester’s savings are supposed to increase by as much as 12 percentage points. But a recent study performed by the Boston College Center for Retirement Research found that 401(k) savings plans are only showing a mere increase in saving of 0.3% to 0.7%.

Continue Reading

Retirement Check-Up: What Your Finances Should Look Like in Your 50’s

By Ron Sanders on May 31, 2017

Many 50-somethings are at some sort of crossroads in life. Several major events like getting married, having kids or buying a house have already happened to them. Their children are growing up, becoming financially independent and could be headed off to college in the fall or are even beginning to start a family of their own. When expenses start to taper off, it is the ideal time for 50-somethings to take a closer look at their retirement savings and start ramping up contributions, especially if they aren’t on track to reach their goals.

Continue Reading

Recent Posts