Sharon Carson

1 week ago | kiplinger.com | Donna Fuscaldo |Sharon Carson

The markets are up, the markets are down, tariffs are in, tariffs are out. Egg prices are soaring, inflation is declining. Stay the course, revisit your portfolio, buy on the dip, ignore the news. For 401(k) savers 50+, the last week has served up a dizzying amount of uncertainty. It’s understandable if you are confused about what to do in the current climate of extreme volatility, especially if you have your life savings invested in a 401(K) and/or an IRA.

3 weeks ago | kiplinger.com | Donna Fuscaldo |Sharon Carson

Editor's Note: "Retirement Savings on Track? How Much You Should Have by 61 and 65" is part of a series on retirement savings by age. The first story is "Retirement on Track? How Much You Should Have by 50 and 55." The second is “Retirement Savings on Track? How Much You Should Have by 55 and 60.”Save early and save often is the mantra we’ve been hearing since we entered the workforce. After all, the earlier you start saving for retirement, the more you’ll be able to enjoy your golden years.

1 month ago | kiplinger.com | Donna Fuscaldo |Sharon Carson

It’s retirement savings crunch time. If you are in your mid-50s or early 60s, retirement may be on the horizon and on your mind. After all, you've likely been in the workforce for years and have at least been thinking about what kind of retirement will make you happy. You may dream of traveling the world, pursuing a hobby and spending more time with family. Either way, at this age, preparation is a must.

1 month ago | kiplinger.com | Donna Fuscaldo |Sharon Carson

Retirement savings is years in the making, for good reason. You can easily spend twenty-plus years without a paycheck. That’s why financial advisers encourage everybody to save early and often. But for millions of people, they are falling short on that front. That’s particularly true of Americans aged 50 and older, as an AARP survey from last spring revealed. The non-profit advocate for older adults found that one in five or 20% of Americans 50+ have no retirement savings at all.

2 months ago | kiplinger.com | Donna Fuscaldo |Sharon Carson

You need money to create a financial plan. Social Security is going bankrupt. You should always follow the 4% rule when saving for retirement. These and other common financial planning myths are widely held, but they don’t always stand up to scrutiny. Sure the 4% rule may work for some people, but it’s not the only option. Yes, Social Security is struggling but it’s not on the verge of collapse.