Commitment to Our Readers For millennials, the road to retirement has been somewhat challenging. As the oldest of the generation enters into their mid-40s, the amount of time they have to save to ensure a fully-funded retirement is dwindling. This only adds to the hardship that these millennials have faced. As explained by the Center for Retirement Research at Boston College, hurdles for the generation began early, with many graduating with insurmountable amounts of student loan debt and...

Quitting your 9-to-5 may seem like a dream come true, but retirement is not always easy. Many retirees struggle to live on a fixed income and end up needing to cut costs. A survey from AARP found that over 60% of respondents worry that “they will not have enough money to support them during retirement.” Despite these concerns, the survey also found that 1 in 5 adults aged 50 and up have no retirement savings. Without a fully-funded retirement, seniors often find themselves making cuts —...

Commitment to Our Readers Before you retire, you will want to ensure you are financially stable. Unfortunately, many retirees fear they will outlive their nest egg. According to a recent report from the National Institute on Retirement Security (NIRS), 79% of people believe there is a retirement crisis, and over half of respondents (55%) were concerned they could not “achieve financial security in retirement.” To help ease some of these fears, GOBankingRates asked Christopher Stroup, CFP,...

miya227 / iStock.com Commitment to Our Readers As you look toward retirement, you will want to take all of your expenses into account. Unfortunately, many people fail to take into consideration their mortgage, which is usually their largest expenditure. Failing to factor in your mortgage can create a challenging situation once your income is reduced after retiring. We asked experts nationwide to weigh in on why your mortgage should be considered during retirement planning and what it should...