Retirement at 65 was never based on biology or a scientific determination that people become “old” at that age. Instead, it gradually became institutionalized through government programs such as Social Security and Medicare. The median retirement age is currently 62, but a clearer...
In recent weeks, two prestigious financial services organizations, Vanguard and TIAA, published articles decrying Americans’ lack of financial preparedness for retirement. Their conclusions are supported by research from other organizations such as The Schwartz Center for Economic Policy Analysis and the National Institute...
One of the complexities of retirement planning is that there are so many variables. At what age will you begin saving? How much will you save every year? What return will you earn on your retirement fund? When will you retire and how...
For working Americans, their IRA may be one of their largest assets. It is also one of the most complicated and tax sensitive assets to own for estate planning and wealth transfer purposes. However, with careful planning and consideration of appropriate beneficiary designations,...
Retirement means different things to different people. For some it is a chance to relax, spend more time in leisurely pursuits, and enjoy the companionship of friends and family. For others it is an opportunity to start a business, engage in community service,...
We spend a lot of time here at Diversified Trust helping clients identify and plan for their financial goals. Certainly one of the most common is to have a healthy and prosperous retirement. Good financial advisors help their clients evaluate retirement readiness and...
