American Workers Face a Retirement Savings Reality Check — What Advisors and Investors Must Do Now Recent data from Schroders reveals a sobering truth: American workers participating in retirement plans expect to need an average of $1.28 million to retire comfortably. Yet only 30% believe they will have $1 million or more saved by retirement….
When it comes to retirement, the taxman’s bite can be surprisingly fierce—often gnawing away at the nest egg retirees have worked decades to build. While most investors understand the importance of diversifying their portfolios across stocks, bonds, and other assets, an equally critical but often overlooked strategy is tax diversification. This approach ensures your savings…
The Senate’s latest tax proposal—dubbed the “One Big Beautiful Bill”—is stirring up significant buzz, especially with its new senior tax deduction feature. While the bill narrowly passed the House on May 22, the Senate is now shaping its own version, and investors and financial advisors should pay close attention. Here’s why this matters beyond the…
The 401(k) Savings Surge: What Investors Need to Know Now The momentum behind 401(k) savings rates is not just holding steady—it’s reaching unprecedented heights. In 2024, the average combined savings rate (employee deferrals plus employer contributions) hit a remarkable 12%, matching the all-time high recorded in 2023, according to Vanguard’s latest analysis of over 1,400…