Saving for retirement has become much more simple with automated savings for accounts like 401(k)s, but what do you do if you’re self-employed or work at a company that doesn’t offer a retirement plan? According to a study by the Employee Benefit Research Institute, fewer than half of American workers participate in an employment-based retirement […]
When it comes to being prepared for retirement, you may not be as set as you think. According to TIAA’s 2017 Lifetime Income Survey, fewer than half of Americans are aware of how much they have saved for their golden years. Now is the perfect time to sit down and analyze your current financial picture […]
According to Genworth Financial, the average annual cost of a private nursing home room in the United States is $92,378, while a home health aide runs about $45,760. Many people assume that Medicare and other forms of health insurance will cover these costs, but in reality, long-term care is not considered a medical expense and […]
Losing a spouse is a painful and overwhelming event, and it can be both emotionally and financially shattering. According to a recent study by the Journal of Financial Service Professionals, the average age of widowhood is only 59.4 years, and 80 percent of married men will die while married. Their wives are often unprepared for […]
At American Financial Investments, LLC, we believe that retirement planning can be different for women than it is for men due to factors like longer life expectancies, the gender pay gap, less time in the workforce and higher health care expenses. Although both men and women face challenges on the journey to retirement, an Investment […]
Typically, when people think about the biggest risks to their financial security in retirement, health care costs come to mind. However, an often-overlooked risk is the costs associated with long-term care. For many Americans, the term “long-term care” has a new sense of urgency – particularly for the roughly 76 million of those in the […]
If you have been paying attention to the news, you may have heard about the Department of Labor’s long-anticipated fiduciary rule that was passed in the spring of 2016. The new regulations that accompany the rule are expected to not only significantly alter how people plan for retirement, but also protect individuals from biased retirement […]
The number one concern for most retirees is the possibility of outliving their income in retirement. For example, Baby Boomers are retiring at astonishing rates and are looking for ways to replace their steady paycheck. They are worried about the potential of Social Security diminishing and what might happen to their retirement if it does. […]
