3 steps to avoid running out of money in retirement

The majority of Americans don't think they are saving enough and are worried their savings won't last as long as they do.

Only 31 percent of workers who participate in an employer-sponsored retirement plan, such as a 401(k), 403(b) or 457, are "extremely confident" or "very confident" that they will not outlive their money — and the rest aren't so sure, according to a new survey by BlackRock.

Continue reading source article here.

Damian J. Sylvia

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755 

Heartbreaking Reasons To Save Outside Of A 401k, 403b, Or IRA For Retirement

An advisor friend recently shared two frightening withdrawal requests from retired clients. The first was an $85,000 call for funds to cover rehab costs for an adult child. The lethal combination of depression and alcohol abuse contributed to suicidal thoughts, an inconsistent medication schedule, and a trail of hospital stays and doctor visits. The center treating this individual is among the few that address both mental health issues and addiction, which comes with a hefty price tag.

Continue reading article at Forbes.com.

Damian Sylvia

Managing Partner

Retirement Income Solutions