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From MarketWatch:
No matter the income bracket, LGBTQ investors are less confident about retirement than their non-LGBTQ peers: LGBTQ retirees also retired earlier than expected, and didn’t feel they had a good understanding of the retirement investment options in their workplace plans.
Don’t panic about your 401(k): It’s easy to be stressed about your retirement portfolio, what with market volatility, rising inflation and interest rates and everything else going on in the world, but try to stay calm.
Is inflation bad enough to delay retirement? Start crunching the numbers: When planning for retirement, be sure to consider inflation – how it will affect your spending as well as your retirement assets.
Also on MarketWatch:
8 money lessons for the class of 2022
Grieving for a loved one? There’s a cruise for that – and some other nontraditional ways to process grief
Three visionaries on the future of healthcare for older Americans and how it can be reimagined
How do I protect my in-laws from swindlers when they won’t cooperate?
Changing tax incentives for retirement saving won’t do much good
Claim Social Security or withdraw from your 401(k) during a bear market? Think carefully
More in retirement news:
Habits a professor cultivated that now help him in retirement (Inside Higher Ed)
Without (increasing) income, there is no retirement (Kiplinger)
You can still retire a millionaire even if you’re already in your 50s. Here’s how (USA Today)
Should inheritance be a retirement strategy (Forbes)
Has Tom Brady lost his mind? QB explains why he views himself as ‘part crazy’ for coming out of retirement (CBS Sports)
Retirement plan sponsors to watch for IRS pilot program (National Law Review)
Research and Insight:
Study offers methods for easing older volunteers into retirement (UT Dallas News)
Stress accelerates aging of immune system, USC study finds (USC News)
One-quarter of Americans are delaying retirement due to inflation – what other lifestyle changes are taking place? (GoBankingRates)
Employers reaffirm importance of retirement benefits: 2022 SHRM Survey (401K Specialist)
Economists show inequities’ roots in slavery (Center for Retirement Research at Boston College)
To share with your family, friends and clients:
Retirees on edge over inflation and stock volatility can take these 5 steps
Should you do a Roth IRA conversion now? Yes, if you’re in this ‘holy grail’ group
What’s happening to my 401(k)? How to manage your money – and emotions – when it seems like the world is falling apart
A reverse mortgage could be one way to pay for long-term care, but should you do it?
Diagnosed with dementia in their 30s, 40s and 50s? Here’s how some are coping with early-onset Alzheimer’s
Living to 100? How to create meaningful experiences later in life
My wife and I are in our 50s with $300,000 in a 401(k) and $700,000 in a pension. Will we have enough to ‘live a simple life’ in retirement?
