There was a time when people didn’t worry about retirement, because there was no such thing. Rather, with significantly shorter life expectancies, most people worked until they died. As the author of today’s article notes, “The average American now retires at age 62 while 100 years ago, the average American died at age 51” – and this development has some critical investor and market implications. For more – including the biggest risk retirees face, whether the baby boomer retirement wave could crash the markets, and “two simple solutions that can make your money go further to take advantage of the fact that people are living longer” – CLICK HERE.
When it comes to your retirement account, if you just set it and forget it, you could well lose it…to escheatment. As today’s article explains, escheatment is the process whereby firms that manage retirement accounts are required to turn over to the states any accounts that are seemingly not being actively managed. What happens to your retirement account (and related dividends and interest) when it’s escheated? And, more importantly, how can you avoid escheatment? For more, CLICK HERE.
While millennials on the whole are not saving adequately for retirement, a growing number of them are investing in cryptocurrencies – and, as today’s article notes, one of the main reasons they are doing so is for retirement purposes. At the same time, “Innovative startups are redefining the retirement landscape by using blockchain technology and artificial intelligence to create new retirement savings solutions.” For more on how millennials, blockchain and artificial intelligence are reshaping the retirement planning industry, CLICK HERE.