Specifically, 43 percent of single men and 42 percent of single women have retirement account savings, compared with 65 percent of married couples.
Damian J. Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755
Tuesday, September 20, 2016
Here's How Much The Average Single Person Saved For Retirement
"Even among those approaching retirement (age 56-61), most single men and women do not have any retirement account savings," the Economic Policy Institute (EPI) reported.
Specifically, 43 percent of single men and 42 percent of single women have retirement account savings, compared with 65 percent of married couples.
Specifically, 43 percent of single men and 42 percent of single women have retirement account savings, compared with 65 percent of married couples.
Yes, You Can Start A Business In Retirement
Entrepreneurship is often viewed as an elite venture reserved for superstars of Silicon Valley and other risk takers blessed with a rare combination of youth, insight, pluck and luck. So if you’ve toyed with the idea of starting a part-time business in retirement, you might have concluded: Nahhh.
The reality about entrepreneurship, however, is largely a mirror image of the stereotype. Older Americans are actually well suited to join the start-up culture, whether they are pushed into starting a business in retirement (a layoff, age discrimination) or pulled into it (pursuing a dream, wanting to be the boss). And it’s getting easier, as I’ll explain below.
The reality about entrepreneurship, however, is largely a mirror image of the stereotype. Older Americans are actually well suited to join the start-up culture, whether they are pushed into starting a business in retirement (a layoff, age discrimination) or pulled into it (pursuing a dream, wanting to be the boss). And it’s getting easier, as I’ll explain below.
Damian J. Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755
Friday, September 16, 2016
You're Going to Work Well Into Your Retirement
Get used to working: you're going to have to do so for much longer than you'd imagined if you're ever going to retire.
As the folks at Bankrate.com discovered in a recent survey, 70% of non-retired Americans plan to work as long as possible during retirement. Only 25% say they have no plans to work during retirement. Of those who plan to work as long as possible during retirement, 38% are planning to work because they like to work, 35% need the money and 27% say it's a mix of both.
As the folks at Bankrate.com discovered in a recent survey, 70% of non-retired Americans plan to work as long as possible during retirement. Only 25% say they have no plans to work during retirement. Of those who plan to work as long as possible during retirement, 38% are planning to work because they like to work, 35% need the money and 27% say it's a mix of both.
Damian J. Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755
Not your grandma's retirement home: Check out this luxe living
Jeff and Sharon Kay Brown are not retired yet, but they moved into an active adult community in Broomfield, Colorado, just outside Denver, less than a year ago. After living in several different cities over the years, they wanted a social atmosphere with people their own age, but they didn't want to skimp on the luxuries.
Damian J. Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755
Monday, September 12, 2016
Top 7 hacks for saving more for retirement
Worrying about having enough retirement savings can keep you up at night. If you've barely put anything away, it's easy to panic or give up on saving altogether. But there's a third option: You can find ways to funnel a few extra bucks into your 401(k) account or your IRA. If you're ready to put more effort into saving, here are seven easy ways to fill your retirement accounts.
Damian Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755
Ask Larry: I Got Hit By Deeming. Can I Undo The Damage?
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits.
Today’s column examines examines the deeming provision, by which you might be deemed to file for both your spousal and your retirement benefit, spousal and widow(er)’s benefits and other topics.
You can submit a question by clicking on the link below. Questions submitted to Ask Larry are answered by Social Security experts.
Today’s column examines examines the deeming provision, by which you might be deemed to file for both your spousal and your retirement benefit, spousal and widow(er)’s benefits and other topics.
You can submit a question by clicking on the link below. Questions submitted to Ask Larry are answered by Social Security experts.
Damian J. Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755
Wednesday, August 31, 2016
Is your retirement ready for a natural disaster?
Retirement planning is most often defined as achieving financial security against a backdrop of long lazy days enjoying sun, sea and sand. Unfortunately, finances are only one element of safety and security in retirement. The recent torrential rains targeting the Gulf Coast, particularly Louisiana, have resulted in six deaths and nearly 20,000 people being rescued from the flood waters, putting weather-related disasters back in the news. If you are retired and such an unfortunate event happens, are you prepared?
Damian J. Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755
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