Listeners have told me they’re not worried about retirement savings because they’ll have their Social Security benefit, but Social Security was never intended to be your only source of income in retirement!
According to a report released by Fidelity, which represents over 15 million U.S. workers, the average 401(k) balance at Fidelity was around $98,000 as of July 1 this year.
If you turned 50 this year there are a couple of bonuses; first you can join AARP and the second is you can contribute more dollars to your retirement plan.
Among large employers, 92% offer a retirement savings plan, but the number drops to 72% for employers with fewer than 100 workers, but not all employees take advantage of the plans offered.
This is National Retirement Security Week. Its goal is to raise public awareness about the importance of saving for retirement.
Being a snowbird like my Juncos, six months south and six months north, could be a great life style in retirement but one place will need to be your legal residence. Basically, where are you from?
If you’ve reached the magic age of Medicare, which is 65, you shouldn’t have any problems with doctors and health care facilities accepting your health insurance wherever you are in the U.S.
Snowbird envy happens to a lot of us as we watch those RVs head south. We wonder about all of the adventures and life on the open road.
The real snow birds, the Juncos, spend about 6 months north and 6 months south. But south to them is Massachusetts!
Talking about the snow birds is one of my favorite segments.