Is your retirement at risk?
Financial Focus®Is your retirement at risk? It’s important to save for retirement, but only half of Americans have calculated how much money they’ll need, according to the 2024 Retirement Confidence Survey by the Employee Benefit Research Institute. Yet without knowing how much you'll need, it's hard to know if you're on track to reach your goals for retirement. Here are a few considerations to help shape your retirement savings strategy. Calculate how much you’ll
Steps to take following a job loss.
FINANCIAL FOCUS Steps to take following a job loss Perhaps you've heard the expression: “Life is what happens when you’re busy making other plans.” It’s certainly true about an unexpected job loss. And it may cause stress over your financial situation. Here are a handful of steps you can take shortly after the loss of employment to help put yourself in the best financial position. Some of these are time-sensitive, so the sooner you act, the better.File for unemployment – While unemployment insurance
Should you pay off debts or invest?
FINANCIAL FOCUS Should you pay off debts or invest? Some financial decisions can be challenging — like whether to use your money to reduce your debt or to invest. If you already have a significant amount of debt and not a lot in savings or investments, it can be hard to figure out which issue should be a priority. There’s no simple answer, and everyone’s situation is different, but here are a few suggestions for helping you make a good choice: • Evaluate your cash flow. If you already have enough
Financial Focus: Questions to Ask Your Financial Advisor
FINANCIAL FOCUSQuestions to Ask Your Financial Advisor You should always be able to ask as many questions as you’d like when working with your financial advisor. So, before you have your annual review, think carefully about what you’d like to ask. Here are a few suggestions:• Are my goals still realistic? When you first began working with your financial advisor, you may well have articulated several financial goals. For example, you might have said that you wanted to pay for most of your children’s
