Fidelity has been tracking this cost since 2002 and estimates the average 65-year old couple retiring in 2016 will spend $260,000 to pay for out-of-pocket health care expenses over the course of retirement.
As a rule of thumb, Fidelity suggests limiting portfolio withdrawals to no more than 4-5% of your initial retirement assets, adjusted each year for inflation over the course of your retirement horizon.
Social Security is a key part of retirement income for most Americans.
The Fidelity survey revealed that the majority of folks are unaware that the market has enjoyed a positive annual return 30 out of the past 35 year years.
Fidelity released the results of its first ever Retirement IQ Survey last week and found that many Americans find the subject of retirement planning to be a daunting prospect.
Estate planning is next on our spring cleaning list.
Often times we do the paper shuffle so frequently that we lose some of our important papers.
Many of us have the mindset that we need to save everything just in case we might need it someday.
We all do it…you move that pile of paper from one place to the next and maybe back again when you need the dining room table.
Today is the first day of spring! What financial clutter do you have hanging around?