Happiness is….
Most retirees say that all four pillars—health, family, purpose, and finances—are crucial to optimal well-being in retirement, which makes sense to me. And retirees, when compared with younger Americans, are far more likely to say that “having a sense of purpose” in life is essential to achieve peak well-being (69% vs. 55%).
Retirees Expectations Out of Line With Reality
Nearly 7 in 10 workers expect working for pay to be a source of retirement income —68% expect this to be at least a minor source of income in retirement, compared with 23% of retirees who report this as an actual source of retirement income.
Smart Advice About Small-Business Credit Cards
“Small-business owners and even those with a side gig may benefit from a small-business credit card,” says Gerri Detweiler, education director for Nav, which supplies free credit research and tools for small-business owners. “It can help them keep track of spending and make tax-time easier.” And, Detweiler added, the cards often offer lucrative rewards.
How Women Can Take Control of Their Financial Life
In January 2021, 275,000 women dropped out of the labor force, amounting to roughly 80% of all workers over the age 20 who exited the workforce last month. The total number of women who have exited the labor force since February 2020 comes to more than 2.3 million. By comparison, nearly 1.8 million men have left the labor force during this same time frame.
10 Money Moves To Make Before The Year Ends
The glimmers of hope for 2021 are flickering in the gloaming. But before you set aside your dog-eared 2020 calendar, there are a few pieces of business to attend to when it comes to your financial health and wealth. Here are 10 moves to make before year-end.
‘Work’ Isn’t A Four-Letter Word
The workplace is transforming before our eyes. And jobs are the story, as populations world-wide continue to age and confront the impact of longevity and financial security.
What We Get Wrong Planning For Retirement
The USC researchers also found that women were more likely than men to have been overly optimistic about retirement-benefits expectations. As a result, men “are more likely to save more and reach retirement better prepared,” the authors wrote.
Tune in: Talking Remote Work For Older Worker and More on The Long View
Ageism is alive and well in the workplace. It’s not going anywhere. It’s been here––it’s like the last ism that people don’t like to talk about it that much. They say, “Oh, we don’t have that in our company.”
Graduates: My Advice As You Set Out Into The World
Look at saving as making an investment in your future self. It’s self-care. You’re saving for “living,” not “retirement.” To me, that’s a better way to frame it, especially when retirement is a fuzzy concept at best.
Get Good, Free Financial Advice Right Now
“No question or issue is too big or too small,” Rebecca Wiggins, AFCPE’s executive director, says. “People can come if they just have questions, want to finally get some assistance to make a realistic budget or if they are really struggling and don’t know where to even start.”
