New revisions to economic data show that Americans did a better job of saving than previously though over the past couple of years. Yet are you personally doing enough to ensure a comfortable retirement with the quality of life that you’d like to have? RELATED: Don’t make these 7 common retirement mistakes The national savings
So much of what we do here at Clark.com is geared toward people who are nearing retirement and giving them advice on how to fatten their Social Security benefit before they retire. But how about if you’ve already retired? Are you out of luck when it comes to fattening that check? If you’re a relatively
Mutual Fund Supermarkets With a mutual fund, you get access to a bundle of securities that’s managed by a portfolio manager, which means your money will be well-diversified. The diversification element of spreading your money out across hundreds or thousands of individual companies is similar to what you’d get with an index fund. But the
As an alternative to a ‘set it and forget it’ investment like a target retirement fund, you can fill your Roth IRA account with index funds or mutual funds of your choice. An index fund is a cousin of a mutual fund where you own all or almost all of one particular kind of investment.
If you’re overwhelmed by the idea of investing for retirement, there is no easier choice than a target retirement fund. Here’s how they work: You select the fund with the year closest to when you want to retire and simply put all your money into it. Then the fund manager adjusts the stocks to bonds
Did you lose your Social Security card years ago and look to get a replacement? Now, it’s easy to do online in 28 states and the District of Columbia! RELATED: How to find and claim missing money in your name The Social Security Administration (SSA) has helped 1 million people get Social Security card replacements,
Unless you want to keep working forever, you’ve got to learn how to save more today for your retirement tomorrow. According to a Fidelity study, 55% of Americans are at risk of not being able to afford essential living expenses in retirement, such as housing, health care and food. Maybe that number includes you. Maybe
Many people want to create wealth for themselves and their families but are avoiding the step of creating an investment plan out of fear of risk or out of lack of knowledge. Those are real and understandable concerns. Yet the key to investment success when that fear and lack of knowledge are holding you back