In the
Media

The US is experiencing what many are calling a retirement crisis. A confluence of factors, including poor savings, increased longevity, and rising inflation, has created a challenging situation for retirees that is diminishing the value of their retirement accounts. Consequentially, maximizing investment returns has become more important than ever.

For many of us, retirement on the horizon means tightening our belts and cutting back on expenses. But before you start pinching pennies like there’s no tomorrow, some experts say you might want to pump the brakes.

With rising costs of living and the general uncertainty around what the economy will look like in your retirement, it can be tough to build an adequate nest egg for your golden years. Planning is critical and can’t be avoided if you’re looking to ensure a comfortable retirement.

Election season is quickly approaching, and with that come issues that need to be addressed. Of course, a new American president will always bring changes.

Hold onto your W-2s! The 2024 election could shake up your tax refund faster than you can say “1040-EZ.” With Kamala Harris potentially taking the Oval Office, many Americans are wondering if their refund checks will be getting fatter or slimmer.

Penny-pinchers and savings strugglers, listen up! If you’re part of the under-$10,000 savings club (and let’s face it, that’s a lot of us), you might be wondering how a second term with Donald Trump as president could impact your wallet. Will your piggy bank finally get some love, or is it time to start hoarding quarters? 

Trump, the Republican nominee for president, wrote on Truth Social: “SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” Seniors can start claiming Social Security benefits at age 62, with their benefits increasing every year they wait to claim until 70. 

According to the Pew Research Center, 51% of American families lived in middle-class households in 2023. These were classified as households with a median income of $106,100 for a three-person household.

“Entitlement program” is a catch-all term used for U.S. federal government programs that provide benefits—often financial benefits—to certain qualifying citizens. For those entering their retirement years, key programs like Social Security and Medicare have long stood as a source of financial empowerment, providing a payout that follows years of tax contributions. Recently, however, entitlement programs have become a source of concern.

In general, crafting an effective retirement plan involves identifying retirement goals and mapping out a strategy for achieving them. It requires determining how much can be contributed to retirement investing and the investment instruments that will be most effective for achieving financial goals.