When we meet with individual employees, one of the most common retirement questions we get is how much income they will need in retirement. Unfortunately, it’s one question we can’t answer for them. For example, I may run a retirement calculation that projects your retirement income at $65k in today’s dollars at age 62…
With the official start of spring last week, perhaps it’s time for some spring cleaning of all those things we’ve been ignoring up until now. I’m not just talking about your home or your work space. Here are some financial areas of our lives that could probably use some spring cleaning too:
Nobody likes paying taxes. But what can be a mere annoyance while you’re working can be a major headache when you retire. That’s because taxes are generally the biggest expense in retirement and retirees often need every penny of income to make ends meet while leaving enough of a nest egg to ensure that they’re income will last as long as they will…
If the Federal Reserve is requiring banks to run a stress test, that should be a heads up to take their lead and follow suit with our own personal financial stress test. Last week, the results of the Federal Reserve 2012 Comprehensive Capital Analysis and Review (CCAR) were announced and fifteen out of the nineteen banks tested passed…
One question on the minds of many employees that we work with is “how will the upcoming election affect my personal finances?”
When it comes to education, most financial planning is centered around ways to save and invest for college. This makes sense because in an ideal world, we’d all be able to cover all our education expenses that way and not need to borrow a dime. But in the real world, that’s rarely the case…
March Madness is in the air. I wasn’t a big fan of basketball myself until March Madness got me hooked two years ago. The Bobcats from Athens, Ohio (I’d never heard of) beat the powerhouse, the Hoyas of Georgetown (everyone’s heard of), in one of the biggest upsets in March Madness history. How was David able to beat Goliath?
Employees in the U.S. continue to show a great deal of resiliency despite continued economic uncertainty. Last week we released our 2011 Year in Review research on financial trends among employees in the workplace. The key trends highlight a personal financial recovery that employees appear to be in the midst of despite global financial uncertainty…
Do you have employee stock options that you’re not quite sure what to do with? Should you exercise them and take the gain now (if there’s no gain, it’s a moot point) or hold onto them a little bit longer for potentially higher profits down the road? That’s the question we recently received. Here are some things to consider:
If you were offered a raise at work simply for being there and requiring no additional tasks, would you accept it? Of course you would. With no downside risk, most people would jump at the chance for additional compensation, but the reality is the raise was there all along…
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