Key Takeaways: What is a safe amount to withdraw each year in retirement? The Center for Retirement Research at Boston College has found that many older Americans could be at risk of emptying their accounts by age 85, although half of them will live beyond then.[1] To avoid emptying your account prematurely, the 4% rule...
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Despite the shifting demographics of ownership, RV travel still remains a popular activity for retirees who have the time and adventurous spirit to enjoy a more nomadic lifestyle. For seniors who are looking to downsize in retirement while still maintaining the option to travel with the comforts of home, RV retirement communities can be an...
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As parents get older, families are often faced with finding new living arrangements. Whether it’s to be closer to grown children, to be surrounded by like-minded (and similarly aged) neighbors or to live in a home designed to accommodate physical limitations, there are several reasons parents may need to consider senior housing. The term “retirement...
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Small business owners wear a lot of hats. Decisions on health care plans, retirement plans and other benefits are often left solely to the owner. Offering a small business retirement plan to employees isn’t always on the radar. A study by LIMRA showed that only 42 percent of small businesses offered retirement plans – despite...
Read more about How to Pick a Small Business Retirement Plan [Slideshow]
If you’re finding credit hard to get or you don’t have as much equity in your home these days, taking out a loan from your own 401(k) plan may be appealing. After all, most employers allow this, although some only allow the loans for buying your first home or paying un-reimbursed medical expenses. Your 401(k)...
Read more about Pros and Cons of Borrowing From Your 401k
Because inflation affects our day-to-day lives, worrying about inflation affecting car repairs is understandable. As of August 2023, car maintenance prices had increased 23% over the previous year. There are many reasons for this, including a shortage of workers and car parts. Also, because the technology on cars has advanced, repairs to the high-tech features...
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Understanding Medicare can be difficult, but the Nationwide Retirement Institute® is here to help you by sharing some of the most common Medicare questions.
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As we begin the new year and get closer to tax day in April, many of us are thinking more about planning for taxes and different strategies we can take to be more tax-efficient. Many federal tax policies and priorities are still up in the air, which can lead to some confusion as to what...
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When it comes to planning for death or the passing of a loved one, there are common things we do such as making sure you’re covered by life insurance, funeral pre-planning, and securing your will. Many other things can be overlooked through the stress of emotionally and financially planning for the death of a spouse....
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When most people think of a trust, they think of it as something rich people set up for their children. But a trust can have much wider uses than that, serving a range of people. A trust is a legal entity where money, property, or assets belonging to one party (the settlor) is overseen by...
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Are you looking for a new job? You’re not alone. Research suggests that 51% of currently employed adults are looking for new jobs, and 47% believe they have a good chance at finding one.[1] No matter what kind of position you’re looking for, making a job switch means you make financial changes, too. Between a...
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If you want to expand your business, finding employees with specific skills, such as accounting, sales or IT, should be a top priority. Searching for new talent is a good problem to have because it means your company is growing. But finding the right people in the timeframe you require can be challenging. Because the...
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A second house might be an investment, a vacation property or a combination of the two. Regardless of its intended use, a rising number of people are purchasing residential real estate. They see real estate as a safer investment than other investments that might come with increased risks. A National Association of Realtors survey showed...
Read more about 3 Things to Consider When Deciding to Buy a Second Home
Planning ahead for the likelihood of needing long-term care can provide a feeling of financial security about your retirement years. Click here to learn about long-term care options. NFM-12154AO
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Here’s what grandparents should know before giving college money to their heirs. If you’re a grandparent, you know how hard it is to resist the urge to give your grandchildren everything—the extra cookie, a special toy, even an expensive college education. In fact, you may already be funneling money into a savings account earmarked for...
Read more about Should You Give the Gift of UGMA or UTMA?