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25% of Americans believe they won’t get anything from Social Security
- March 3, 2015
- Posted by: Orkan Ozkan
- Category: Retirement
No CommentsHow much retirement income do Americans expect to receive from Social Security? According to a survey by Bankrate.com, for many Americans the answer is not very much, if anything. The survey found that only 13% of Americans expect it to account for all or most of their retirement income, 14% expect it to account for half, and
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Is There a “Magic Number” for Retiring Happy?
- August 7, 2014
- Posted by: Orkan Ozkan
- Category: Retirement
Most people know the importance of preparing and saving for retirement, but how much is enough? Or perhaps more importantly, how much is enough to retire happy? The answer may be different for each individual depending his or her circumstances, needs, and desires, but a survey conducted by financial planner Wes Moss offers some valuable insight. Moss
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Retirement Savings on the Rebound
- June 2, 2014
- Posted by: Orkan Ozkan
- Category: Retirement
The Principal Financial Group released research finding that retirement account savings are rebounding. Since the recession began five years ago, retirement savings have nearly doubled, rising by 93%. Individuals have been participating in retirement plans in larger numbers and putting more money into them since the market collapse in 2009, in correlation with the rising stock
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The Number One Fear Americans Have about Retirement
- May 27, 2014
- Posted by: Orkan Ozkan
- Category: Retirement
Bank of America recently conducted their bi-annual survey in which 1,000 affluent Americans (having $50,000-$250,000 in investable assets) were asked about their “financial concerns, priorities and behaviors”. The report found that respondents fear running out of money for retirement more than public speaking, gaining weight, or going to the dentist. Interestingly, despite this fear, many
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What Is the Top Financial Concern of Everyday Americans?
- April 29, 2014
- Posted by: Orkan Ozkan
- Category: Retirement
What are the top financial concerns of everyday Americans? A recent poll by Gallup answers this question and may be surprising to some. In Gallup’s annual Economy and Personal Finance poll conducted April 3-6 of this year, participants were asked how concerned they were about nine different financial matters on a scale of “very worried,”
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9 Ways to Get the Most Out of Your Retirement Plan
- April 22, 2014
- Posted by: Orkan Ozkan
- Category: Retirement
Not only is a retirement account a great way to save for your future, but also a way to take advantage of tax breaks and investment returns which can save you even more. To do this, you must be vigilant and diligent by making higher contributions and investments with the most minimal taxes, fees, and
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40% of Americans Fail This Financial Test – Do You?
- April 10, 2014
- Posted by: Orkan Ozkan
- Category: Retirement
Americans are failing a basic financial test at surprising rates. A recent ABC News story reveals several reasons Americans are not financially secure. Atif Mian of Princeton University and Amir Sufi of the University of Chicago Booth School of Business asked a sample of 25,000 people a simple question and the results were shocking. We
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Add Gold to Your Retirement Fund
- July 7, 2011
- Posted by: Orkan Ozkan
- Category: Retirement
Gold has always been considered a safe-haven investment. These days, it has become recognized as the safe haven against financial, social, political, or fiat currency crises. These include declines in investment markets, exploding national debt, war, social unrest, and inflation. Right now, precious metals are rebounding from a sharp dip and are predicated to reach new
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Portfolio Asset Losses Need Not Delay Retirement Plans
- June 15, 2011
- Posted by: Orkan Ozkan
- Category: Retirement
Los Angeles, CA — According to ABC News, 77 million ‘Baby Boomers’ born between 1946 and 1964 have discovered to their dismay that they may not have enough in their retirement accounts to comfortably retire. Because of this, 44% have expressed that they have little or no faith that they will actually have enough money to retire. Of
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Protecting Your Retirement Assets
- May 20, 2011
- Posted by: Orkan Ozkan
- Category: Retirement
Los Angeles, CA — On April 30, the market price for gold was at $1,576.30. Today, on May 19th, it has dropped $83.20/ounce to $1,493.10. This is a familiar short-term dip and most experts agree that gold, silver and platinum will turn around shortly to reach new record highs. For investors who are wisely considering adding a
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