Archive for March, 2017

Is the Trend for Retirement Fading?

Tuesday, March 28th, 2017

RETIREMENT TRENDS

Retirement The action or fact of leaving one’s job and ceasing to work.

I have been reading a lot about retirement lately. Of course being in the retirement industry it would be natural to read a lot about retirement but this time it was different. As I was reading about retirement the thought came to me, “Do people still wish to retire?” I thought this question would be easy to answer for most people but after reading and diving into it deeper that may not be the case. Here are some of my findings.

The average U.S. retirement age rose to 61 from 57 just two decades ago and more than likely it will continue to rise according to Gallup’s Economy and Personal Finance survey. What’s crazy is that the average non-retired American is now planning on retiring around 66. that’s up 6 years from 1995. The average non-retired American now plans to retire at 66, up from 60 in 1995, according to the Gallup survey.

After seeing some of that survey it spurred another thought in my mind. What trend are we seeing on Google for phrases like retirement, financial advice, financial advisor and personal finances and the trend seems to be quite consistent. The trend is for sure not going up.

These keywords are not being searched as much as they were four years ago. Why is that? Is it because we are caring less about retirement? Is it because we feel like there is no such thing as retirement anymore and that we will have to work the rest of our lives? Is it because younger generations view retirement differently than older generations? Why are people caring less about retirement? I know that for me, I prefer retirement. There are so many things that I would love to do and it doesn’t always involve work. I love work don’t get me wrong but I am just not so sure I want to work when I am 65.

If this post does anything for anyone I hope it helps you think about your own retirement. Do you have an IRA or 401k? Are you making IRA or 401k contributions? Do you want more control over them? Do you want to invest in other things than the stock market with your retirement accounts? If so, you need to look into a self-directed IRA. They allow you to invest in non-traditional investments like businesses, real estate, gold, silver and other precious metals.

This article was updated on March 28th 2017 from it’s original posting date of September 24th 2013, with new data, and images to provide new information.

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How Automated Savings May be the Answer to Your Retirement Troubles

Friday, March 24th, 2017

Automated savings

No one’s saying that you’re not working hard on retirement savings, or just savings in general, but there might be one puzzle piece that’s missing from your life if you’re not the saving-type, and that’s automated savings. Automated savings works even for the spendiest of people by either taking a set amount, or a percentage of what’s in your bank account, and keeping it in a separate account, for a rainy day.

Set it and forget it

There’s no maintenance after setup once you start automatic transfers.Which can be helpful if you tend to second-guess your saving decisions, such as whether you actually need to save 5% or 10% of your income per month month. This way you can avoid doubting yourself and keep the savings flowing in the meantime.

Flexibility for everyone

It’s so easy to cater savings needs for everyone. Whether you have short term goals like saving for vacation, or a new car, or long term goals like retirement, you absolutely will find a plan that works for you.

It keeps savings separate

If all of your money is piled into one bank account, doesn’t it all then feel like spending money? The argument for moving your money to another account, separate from your regular account, makes so much sense. Not only can this tactic be used for retirement savings, but multiple savings goals. Vacations, emergencies, or a down payment on a new car, no matter what you’re saving for, automated, separate accounts help you track your goals growth, and keeps you from spending it.

Makes a habit

The key to creating savings habits, like any habits, is repetition. The best way to encourage repeat savings is to set savings dates to coincide with your payday, that way, it doesn’t feel like a shock when $100 is suddenly missing from your checking account. Also try setting a specific day for the money to be debited from your account, first thing on Monday morning seems apt. Set it, and repeat it. Create good habits for yourself.

Accupod Episode 11: IRA LLC/Checkbook Control with Guest Ben Barker

Friday, March 17th, 2017

This week, we’re discussing IRA LLCs. or as they’re also known, Checkbook Control. We brought on our expert Ben Barker to help us understand how they operate.

Your Budget and Your Retirement

Wednesday, March 15th, 2017

Have you ever wondered what’s eating away at your budget, or what’s derailing your retirement? Here are a few stats for you, some food for thought!

Click the infographic to enlarge!

Your budget and your retirement

Accupod Episode 10: Countries and Their Debt

Wednesday, March 15th, 2017

In this episode, we’re talking about how some countries handle their debt, and how that impacts their citizens. We’re looking at Germany, and Puerto Rico, and the stark contrast between them.