Retirement Planning Archives - Solutions First Financial Group

The Most Important Ages for Your Retirement Accounts

If you have a 401(k), IRA, or other retirement accounts, it’s important to keep a few things top of mind: Know how much you're contributing, how your investments are performing, and how much you're paying in fees. You should also note important milestone ages and their recent changes. Here are the most important ages for [...]

2021-07-26T15:49:30+00:00July 26th, 2021|Retirement Planning|

Retirement Has Changed – Have Your Plans?

People are retiring differently today than in the past – just think, will you retire exactly like your parents did? Probably not. Retirement is no longer about the end of a career; it's about the beginning of a new, often quite active phase of life that could last decades. And while this is something to [...]

2021-07-20T21:08:42+00:00July 20th, 2021|Retirement Planning|

4 Major Retirement Challenges to Overcome

Today’s retirees may be the richest the world has ever seen with Baby Boomers holding more than half of U.S. household wealth as of the end of 2020.[1] While you may be looking forward to traveling, working on your golf game, or retiring early to enjoy more free time, you first have to overcome some [...]

2021-06-28T11:50:23+00:00June 28th, 2021|Retirement Planning|

How Much Do You Need to Save for Retirement?

While $1 million is sometimes cited as the ideal number for retirement savings, this assumes a one-size-fits-all approach to retirement planning. Everyone's retirement goals are unique, and preparing for retirement might not be as simple as saving a certain amount at all. It's worth taking a more in-depth look at your finances and future needs [...]

Will You Have to Retire Earlier Than You Expected To?

If you’re nearing retirement age and know you’re not financially prepared for retirement, your solution may be to work longer. While forgoing an early retirement can be prudent, your career might not last as long as you’d like it to. The pandemic and resulting economic conditions forced 1.9 million workers ages 55 and over out [...]

2021-05-14T15:55:52+00:00May 14th, 2021|Retirement Planning|
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