Damian Sylvia
Managing Partner
Retirement Income Solutions
Friday, April 10, 2015
How much do you need to save for retirement?
Not everybody has a clear idea of how to handle their retirement money. According to an assessment of retirement readiness from Voya Financial, nearly 50 percent of workers have saved less than $49,000 and 60 percent say they're worried about running out of money.
Thursday, April 9, 2015
Key Retirement Concerns And 7 Planning Tips For Women
Retirement planning is extremely important for women, and ideally it should consider the big picture including financial resources, the family’s situation, risks, and employment. Nevertheless, many women are more focused on meeting their families’ current needs than on their longer-term futures.
Damian Sylvia
Managing Partner
Retirement Income solutions
1 in 3 Older Workers Likely to Be Poor or Near Poor in Retirement
Fewer Americans have access to a retirement plan at work. If you're one of them, here's what you can do.
A third of U.S. workers nearing retirement are destined to live in or near poverty after leaving their jobs, new research shows. One underlying cause: a sharp decline in employer-sponsored retirement plans over the past 15 years.
A third of U.S. workers nearing retirement are destined to live in or near poverty after leaving their jobs, new research shows. One underlying cause: a sharp decline in employer-sponsored retirement plans over the past 15 years.
Damian Sylvia
Managing Partner
Retirement Income Solutions
The Retirement Crisis: Why 68% Of Americans Aren't Saving In An Employer-Sponsored Plan
Few Americans are saving for retirement, suggesting many workers may face a retirement with a lower standard of living, according to a recent study released by the Schwartz Center for Economic Policy analysis at the New School.
Since Social Security cannot fully replace income in retirement, other savings is needed, and that usually comes in the form of funds accumulated in employer-sponsored retirement plans such as 401(k)s.
Since Social Security cannot fully replace income in retirement, other savings is needed, and that usually comes in the form of funds accumulated in employer-sponsored retirement plans such as 401(k)s.
Damian J. Sylvia
Managing Partner
Retirement Income Solutions
Thursday, April 2, 2015
Retirement: Minimize taxes to maximize savings
Retirement planning is hard enough for most Americans. But when you layer in a convoluted web of U.S. tax laws, the task can seem truly overwhelming.
Some complexity is unavoidable. After all, how much you make, when you choose to retire and how much you'll need in retirement can vary greatly from family to family.
Some complexity is unavoidable. After all, how much you make, when you choose to retire and how much you'll need in retirement can vary greatly from family to family.
Damian Sylvia
Managing Partner
Retirement Income Solutions
Generations Confess Retirement Fears
A common stereotype about baby boomers and retirement might need some tweaking. This is the commonly held view that the “me” generation puts a very high priority on being able to retire whenever they want. Some are said to make it their highest financial priority. It is said that a lot of retirement planning for this generation spins around that goal.
But new Harris Poll sponsored by the Million Dollar Round Table (MDRT) found that it is Generation X, not the boomers, who are most concerned about not being able to retire when they want. The December survey sampled the views of more than 2,000 adults.
But new Harris Poll sponsored by the Million Dollar Round Table (MDRT) found that it is Generation X, not the boomers, who are most concerned about not being able to retire when they want. The December survey sampled the views of more than 2,000 adults.
Damian Sylvia
Managing Partner
Retirement Income Solutions
How much should you really set aside for retirement?
It's true that many Americans are ill-prepared for retirement, but the situation isn't as dire as some may think.
About half of U.S. workers are actually on track to retire comfortably, according to research from the Center for Retirement Research at Boston College. What are they doing right?
About half of U.S. workers are actually on track to retire comfortably, according to research from the Center for Retirement Research at Boston College. What are they doing right?
Damian J. Sylvia
Managing Partner
Retirement Income Solutions
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