Don’t be too generous with your retirement cash

We hear a lot these days about the strains on the sandwich generation, those caught between the demands of their children and their aging parents. Yet a recent study suggests these intergenerational demands aren’t always equal: while children can strain middle-aged pocketbooks, aging parents generally don’t.

Indeed, older family members are more often on the giving end than on the receiving end of financial support, according to a recent study by the Employee Benefit Research Institute (EBRI). The goal with familial cash transfers is to make sure they’re based on math, not emotion, so they don’t endanger the giver’s near-term finances or retirement security, experts say.

Damian Sylvia

Retirement Income Solutions

220 Monmouth Road, 

Oakhurst, NJ 07755

How To Play Catch-Up For Retirement At 50 Or Older

Are you farther along in your career than you are in your retirement planning? If so, you’re not alone: 42% of people in their 50s surveyed for a recent Transamerica Center For Retirement Studies report said they expect their standard of living to decline after they retire. But no matter how far behind you may be, you can still improve your retirement prospects, if you go about it the right way.

Continue reading the source article at www.realdealretirement.com.

Damian J. Sylvia,

Managing Partner

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755

Saved $1 million and living my dream retirement

Roy Nash long dreamed of retiring at the age of 55.

A self-taught investor, he diligently stashed all the savings he could in stocks and mutual funds. So by 2009, when he did turn 55, he says he had more than $800,000 saved -- enough to step away from his nearly three decade long career at a natural gas distributor in St. Louis.

Continue reading the source article at CNN.com. 

Damian Sylvia

Retirement Income Solutions