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Do Women Face Greater Retirement Challenges Than Men?

 

Do Women Face Greater Retirement Challenges Than Men?

 

If so, how can they plan to meet those challenges?

 

Provided by Exemplar Financial Network

 

woman holding piggy bank small.jpgA new study has raised eyebrows about the retirement prospects of women. It comes from the National Institute on Retirement Security, a non-profit, non-partisan research organization based in Washington, D.C. Studying 2012 U.S. Census data, NIRS found that women aged 65 and older had 26% less income than their male peers. Looking at Vanguard’s 2014 fact set on its retirement plans, NIRS learned that the median retirement account balance for women was 34% less than that of men.1

Sometimes the Pundits Get It Wrong

 

Sometimes the Pundits Get It Wrong

 

In fact, many predictions about Wall Street have misread the market’s direction.

 

Provided by Exemplar Financial Network

 

bigstock-buy sell hold small.jpgTrying to determine how Wall Street will behave next week, next month, or next year is difficult. Some feel it is impossible. To predict the near-term direction of the market, you may also need to predict upcoming earnings seasons, central bank policy moves, and the direction of both the domestic and global economy. You might as well forecast the future of the world.

 

That is not to say forecasting is useless. You could even argue that it is a necessity. Every month, economists are polled by various news outlets that publish their median forecasts for hiring, inflation, personal spending, and other economic indicators. Those median forecasts are often close to the mark, and sometimes exactly right.

 

Figuring out what lies ahead for equities, however, is often a guessing game. Looking back, some very bold predictions have been made for the market – some way off the mark.

How Can You Make Your Retirement Money Last?

 

How Can You Make Your Retirement Money Last?

 

These spending and investing precepts may encourage its longevity.

 

Provided by Exemplar Financial Network

 

bigstock-Retirement-Fund-Bankrupt-small.jpgAll retirees want their money to last a lifetime. There is no guarantee it will, but, in pursuit of that goal, households may want to adopt a couple of spending and investing precepts.

 

One precept: observing the 4% rule. This classic retirement planning principle works as follows: a retiree household withdraws 4% of its amassed retirement savings in year one of retirement, and withdraws 4% plus a little more every year thereafter – that is, the annual withdrawals are gradually adjusted upward from the base 4% amount in response to inflation.

The Top 10 Retirement Planning Excuses

The Top 10 Retirement Planning Excuses

 

Ten common “reasons” why someone does not plan for retirement.

 

Provided by Exemplar Financial Network

 

bigstock-Retirement-Ahead-Sign-small.jpg#10: “I’m too busy

Stop procrastinating. How does the saying go? The best time to plant a tree is 30 years ago. The second best time is … TODAY.

Why Are We Saving More and Spending Less?

 

Why Are We Saving More and Spending Less?

 

Have our memories of the Great Recession altered our habits?

 

Provided by Exemplar Financial Network

 

bigstock-Growing-Investment--Piggy-Ban-small.jpgConsumer spending accounts for more than two-thirds of economic activity in the United States. Lately, that spending has moderated. Across the 12 months ending in March, personal spending advanced 3.4%. That matched the gain seen in 2015.1,2

How Millennials Can Get a Good Start on Retirement Planning

 

How Millennials Can Get a Good Start on Retirement Planning

 

Some simple steps may make a major financial difference over time.

 

Provided by Exemplar Financial Network

 

bigstock-Basket-Egg-Investment-Portfoli-small.jpgIf you are younger than 35, saving for retirement may not feel like a priority. After all, retirement may be 30 years away; if your employer does not sponsor a retirement plan, there may be less incentive for you to start.

 

Even so, you must save and invest for retirement as soon as you can. Time is your greatest ally. The earlier you begin, the more years your invested assets have to grow and compound. If you put off retirement planning until your fifties, you may end up having to devote huge chunks of your income just to catch up, at a time when you may have to care for elderly parents, fund college educations, and pay off a mortgage.

You Retire, But Your Spouse Still Works

 

You Retire, But Your Spouse Still Works

That development may mean lifestyle as well as financial adjustments.

 

Provided by Exemplar Financial Network

 

bigstock-Traffic-Sign-retirement-Vs work small.jpgYour significant other may retire later than you do. Sometimes that reality reflects an age difference, other times one person wants to keep working for income or health coverage reasons. If you retire years before your spouse or partner does, you may want to consider how your lifestyle might change as well as your household finances.

The Cost of Waiting to Save

 

After Tax Organization in Four Simple Steps

After Tax Organization in Four Simple Steps

by Exemplar Financial Network


Now that you have filed your taxes and have put your financial records for 2015 behind you, what do you do with all of that paperwork?  And how do you stay organized throughout 2016 so that next year’s filing is a snap?  Taking a few simple organizational steps now and sticking with them for the next few months will make a big difference when you file next year.

What Should You Do With Your Tax Refund?

What Should You Do With Your Tax Refund?

 

A few possibilities to consider.

 

Presented by Exemplar Financial Network

 

bigstock-Tax-Return-Check-3982587.jpgWill you be receiving a tax refund this year? If so, you might want to think about the destiny of that money. Here are a few options to consider:

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