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Older Americans are Choosing Work Over Retirement

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Instead of retiring, an increasing number of American’s are working — either reentering the workforce or pressing onward with their professional careers. Additionally, they are working more hours, with 62% reported to be engaged in full-time work. This demographic shift is impacting the dynamics of the workforce.

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Rising Financial Stress Threatens Retirement Security for Many U.S. Workers

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A recent CNBC Your Money Survey has shed light on a growing concern among Americans: rising financial stress and its direct impact on retirement savings. The primary stressors identified in the report included inflation, escalating interest rates, and insufficient personal savings. If the trend persists in the U.S.,

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Only 37% of Americans Think They’ll Reach Their Retirement Savings Target

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million in savings to retire comfortably, according to Business Insider. The data stems from a survey published by Charles Schwab where only 37% of respondents believe it’s highly likely they’ll reach their retirement savings target. What’s going on: American workers estimate they’ll need $1.8

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Americans’ Outlook On Retirement Is Bleaker Than Ever

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What’s going on: Gallup published a report revealing that only 43% of nonretirees think they will have enough money to live comfortably in retirement. The survey shows that fewer Americans feel confident about their retirement prospects, and many are expressing concerns about their ability to save enough for retirement.

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The 4 Best Retirement Plans for Self-Employed Individuals to Consider

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Saving and planning for retirement as a self-employed person can be more difficult than for others. Company employees often have access to a 401(k) or other retirement savings account that lets them make automatic contributions pulled from every paycheck. How is a self-employed retirement plan different from a 401(k)?

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SEP IRA: What You Need to Know About This Retirement Plan Option

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Finding the right retirement plan for your business can take time and effort. One retirement plan option available to business owners and self-employed individuals is the SEP IRA, or the Simplified Employee Pension plan. It allows you to save for retirement based on your earned income. What is a SEP retirement plan?

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Why It’s Time to Retire the Term “Hybrid Work”

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The word “hybrid” gets used a lot relative to workplace strategy, but it may be time to retire the term. . Likewise, workers who work from both the home and office reported the highest productivity and the highest level of support when compared to employees who work only at home or only in the office, according to Leesman research.