The average American will spend 30-40 years in the workforce, raising a family, taking the annual vacation to the beach, and saving for retirement. When you are 25 years old you feel immortal and cannot imagine what it is like being 50, let alone 60 or 65 and contemplating retirement. Fortunately or … Read More
Retirement Planning Resources
Time for Your Mid-Year 401(k) Review
The 401(k) retirement savings plan is one of the best ways to save for retirement. The result of a provision in the Revenue Act of 1978, the 401(k) has become so popular that it is now the main source of retirement savings for many Americans. At first the provision allowed employees to save in a … Read More
Common Misconceptions About Retirement
A common theme among Americans is the desire to retire from work at an early age to live the good life. What constitutes the good life varies from couple-to-couple. Traveling the world, spending time with the grand kids, playing golf 4 times per week are just three of the varying expectations we … Read More
Social Security: A Woman’s Perspective
Regardless of whether you’re a man or a woman, Social Security will not – and was never designed to – provide all of the income you’ll need to live comfortably during retirement. At best, your income from Social Security will supplement your other sources. If you are factoring Social Security … Read More
Recommendations For Retirement Planning
Whether you are just starting out at your first job or have been with the same company for a number of years, retirement planning is an important and necessary factor in solidifying your future. At Magellan Financial, we believe it is pertinent to think of your future at any life stage and offer … Read More