The Bipartisan Policy Center (BPC), a Washington D.C. nonprofit organization, recently conducted research to find solutions to the nation’s biggest challenges when it comes to achieving retirement security.  The six challenges are outlined below, including what steps you can take to address them. Workplace retirement savings plans According to the BPC, only 49% of workers participate in a...

“Like death and taxes, long-term health-care expenses are becoming another certainty in life.”  Therefore, planning ahead will help to greatly reduce the stress of paying for long-term care should the need arise.  According to a recent article, the average cost of health care for a healthy 65 year old retiring couple is just under $395,000.  The article goes on to say that 74% of American couples...

According to a recent article on money.cnn.com, starting a disciplined savings regimen as early as possible is the key to living a more comfortable retirement.  If you’re willing to spend less today, then you have a better chance of having enough to spend tomorrow.1 The article gives an example of a 48 year old man who hasn’t saved anything for retirement.  The average 401(k) account balance for...

Most of us look forward to our golden years and the chance to finally work on our hobbies and spend more time with family.  However, one potential down side to retiring is having less income than what you’re used to living on.  Luckily, there are a number of actions you can take to improve your financial situation and enhance your retirement lifestyle. Get out of debt Although many people pay off...

According to a recent article in AARP, cognitive decline is not inevitable as we age.  In fact, there are many things you can do to help keep your brain healthy.  The article also warns against things that can impair cognitive health as well. Here’s what you can do to help support brain health: Exercise Everyone knows exercise is good for you, but aerobic exercise is especially effective for good...