Tag Archives: savings problems

Do You Need $1,000,000 to Retire?

The myth of needing $1,000,000 in retirement savings resides in the same camp as drinking 8 glasses of water a day–both numbers are widely assumed to be truisms although no one even knows where they originated. How much money one needs for an acceptable retirement is not a one-size-fits-all equation. The answer boils down to …

Retirement Planning: Why Working Longer May Not Work

Based on a recent survey by The NHP Foundation, a not-for-profit provider of affordable housing, 73% of non-retired Americans aged 50 and older want to delay retirement. We’ll get to that word “want” shortly, but let’s first discuss some reasons why working longer may not be the solution to retirement savings problems. A study from …