Americans Think They’ll Have Enough Money for Retirement. Most of Them Are Wrong

Most Americans admit they’re behind on retirement savings but believe they can make up their shortfall down the line, according to a poll released Monday by TD Ameritrade. About six in 10 Americans of all ages say they need to catch up on retirement savings, and 68% optimistically believe that goal is “completely possible,” according to the poll of 1,015 …

Financial Tips During a Presidential Election Season

One question on the minds of many is “how will the upcoming election affect my personal finances?”. Few aspects of the life experience get people so emotionally charged as money and politics.  Combine these two areas of concern and we are looking at a prolonged political dance that will impact the financial stability of America and with it the personal …

Three Ways To Create Lasting Change In Your Financial Situation

Recently, a friend reached out to me because she was overwhelmed. She had just gotten a new job she loved and the fresh start at the new place caused her to reflect on where she was financially. She thought she should have made “better” decisions with her money, should have more saved and overall should just be further along financially. She also felt like she was …

How To Protect Your Financial Wellness From Market Volatility

Volatility is in the air. After a long period of very stable and seemingly predictable markets, the swings have returned. As a planner at Financial Finesse, I have the privilege of getting real-time feedback on how market news affects the investing public’s decisions since our service offers financial coaching to employee populations across the country. We know that when there …

How Much Is the iPhone 11? A Quick Guide to Apple’s New Products and Which Models Are Cheapest

Apple unveiled three new iPhones on Tuesday, as usual capturing the world’s attention with enticingly updated features — namely the phone’s camera capabilities this time around. Investors seemed to be especially impressed with Apple’s announcements and a new lineup of products: Apple stock rose about 3% on Wednesday. The most advanced versions of Apple’s new smartphone are the iPhone 11 …

How to Wean Your Adult Children Off the Bank of Mom and Dad

Shel Silverstein’s iconic 1964 picture book The Giving Tree: Terrific as an allegorical story, but terrible as retirement advice. (For those who aren’t familiar, the tree gives and gives to the boy until it’s just a stump.) If you’ve been lending a financial hand to your adult kids — from covering to their car insurance or cell phone bills all …

This Man Spent Decades Teaching Retirement Planning. Here’s What He Learned from Planning His Own

Like many on the cusp of retirement, David Littell felt excited and a little nervous. But the 65-year-old differed from his peers in one key way: He spent the bulk of his career teaching retirement planning to financial advisors. Littell is a Professor Emeritus at the American College of Financial Services, where he co-created the Retirement Income Certified Professional® designation. …

How to Do Better Than Merely Getting Ahead

Getting ahead is overrated as a goal. In fact, it might even be just plain stupid. The problem with getting ahead is that it’s a zero-sum game. There’s only one winner. And in this game, it’s possible that even the winners are losers. How many of us want to be remembered merely as the person who spent their lives striving …

The 3 most important things to do with your money right now if you’re worried about a recession, according to a financial planner

Hardly anyone is immune to the effects of an economic recession. Luckily, there are a few steps you can take to protect yourself from serious financial harm — and maybe even come out ahead. “The way that I encourage people for weathering the storm in anticipation of changes in the markets are usually considered consistent with what would make sense …

What ‘Retirement’ Means Now

According to the Bureau of Labor Statistics, by 2028 there will be 43 million people 55 and older in the work force — nearly one-quarter of all workers. Yet even as they age, the word retirement is becoming less and less clear. For starters, people have the potential to live well into their 70s and 80s and beyond, which often …