Robert Ribciuc

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Drawing up an intentional plan can ease your fears about not having enough. One of the biggest fears soon-to-be retirees have is that they won’t have enough money to last them throughout their retirement. And rightly so — with concerns surrounding inflation, recessions and a volatile stock market, over half of Americans feel behind on their retirement savings. These fears may keep them from taking the plunge and quitting their jobs once they hit retirement age, delaying retirement for years or perhaps even indefinitely.  However, with an intentional plan and the right support in place, you can retire comfortably — and confidently — at the age you choose. To provide some guidance on how to prepare, seven financial experts from Kiplinger Advisor Collective discuss their top tips for soon-to-be retirees looking for ways to make their savings last throughout their retirement and banish their fears of not being able to survive financially.

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Steering clear of these mistakes will save you a lot of regret once you reach retirement age. Saving for retirement is one of the most important aspects of managing your finances, and getting started can be as simple as signing up for your company’s 401(k) program. But while setting aside money to live on after you retire from work may seem straightforward, there are definitely still some mistakes you can make along the way.  Some of those mistakes may have little to no effect on your overall savings strategy, but others — like putting off saving too long in favor of other goals or following a plan ill-suited to your unique situation — can have a major impact on the amount of money you’re able to save or the amount of taxes you’ll have to pay once you’re of retirement age.  To provide some guidance and shed light on the do’s and don’ts of retirement savings, the financial experts of Kiplinger Advisor Collective each discuss one thing someone should never do while saving for retirement, and why doing so can ultimately derail your success.

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Oh, the dreaded financial emergency. It crops up when you least expect it — usually late on a Friday, right? That’s when our options for resolving the issue are the most limited, whether its air conditioning on the fritz (an especially big concern during all these heat waves) or a plumbing disaster. We’re left scrambling to both secure expert help and pay for it. Or maybe you have an unexpected medical bill or lose your job. What can you do to make ends meet? While there’s no way to know what’s going to happen or take steps, beyond the usual preventive ones, to head it off, you can at least be prepared in other ways. To find out what our options could be during a financial emergency, we at Kiplinger.com asked some of the financial experts among our Building Wealth contributors and Kiplinger Advisor Collective members to answer this question: How can I best prepare for unexpected financial emergencies, such as job loss, medical bills or major home repairs?

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It’s not uncommon during periods of high market volatility to feel worried about the future and to consider making rash financial moves in order to safeguard your savings and investments. This can be especially true when it comes to your retirement savings, as this is the money you’ve set aside for living expenses once you’ve reached retirement age and are no longer working. The move you make here, however, could be the difference between a secure retirement and a major loss of financial safety.  Before you take any action, consider the following advice from the financial experts of Kiplinger Advisor Collective. Here, they discuss their top strategies for managing your retirement savings during a volatile market and ensuring you plan accordingly for your future.

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When high school or college graduation day comes, you’re likely relishing the moment, caught up in the excitement of reaching a major milestone and starting a new chapter in your life — You’re likely not thinking about how to invest your money for the future. However, after the celebration is over and you’re ready to take your next step, it’s wise to consider what you’ll do with any monetary gifts you received and how those gifts can help jump-start this next phase of life. While your money can be well-spent in a number of ways, the financial experts of Kiplinger Advisor Collective recommend the following 11 approaches. Implementing even just one of these strategies can help you start off adulthood on the right foot and set you up for a successful financial future.

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