Even with its foundational role in retirement planning, one critical concept often baffles participants and employers alike: the income replacement rate. This term, crucial for establishing realistic ...

Retirement planning usually starts with a simple idea: save enough money to replace your income. But there’s one big problem. As you grow older, your income likely increases. For some professions, ...

New retirees frequently rhapsodize about the joys of tossing their alarm clocks into the trash and filling their days with whatever activities they find gratifying. But if they’re honest, most new ...

The reality is sobering: The average 401 (k) balance of a Gen Xer is about $190,000, while the average balance for Boomers ...

For most Americans, the “magic number” for retirement is $1.26 million, according to Northwestern Mutual. However, it’s easy to forget that retirement isn’t about hitting a specific dollar target but ...

For decades, conventional wisdom has told workers to aim for 80 percent of their pre-retirement income if they want to maintain their lifestyle after they stop working. New research, shifting spending ...

When it comes to retirement planning, clients often have one burning question: how much money do you need to retire? A quick internet search reveals varying figures, which isn’t surprising as there ...