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We are pleased to present below all posts tagged with ' retirement'. If you still can't find what you are looking for, try using the search box.
Money doesn’t buy happiness, but talking about your money can make you happier. We all know money can be an emotional, complex, and a very disruptive conversation amongst couples, but the truth is that it impacts nearly every aspect of our lives in some capacity, especially our relationships. When discussing financial goals and priorities as a couple, it is important to be mindful and prepared. This ultimately is a business partnership without a signature on the dotted line.
For new professionals beginning a career in their early 20’s retirement can seem light years away. I certainly felt this way in my early 20’s, and to some extent still feel in my mid 30’s. The reality is retirement is not that far away. The longer millennials wait to start saving, the more difficult achieving retirement goals will be. For a long time the combination of Social Security and in most cases a pension ensured a semi comfortable retirement. Adding a 401k and/or IRA to the mix was just icing on the cake. For most job families pensions are a thing of the past, and social security is a big question mark. This leaves personal retirement savings as the most reliable way for millennials to achieve their retirement goals. So why is it so important to start early?
About a week ago, I had the opportunity to help our Human Resource Department at a local college career fair for students. With the original expectation that conversations would be geared around salary ranges, scheduling, or benefits, I was quite surprised to find out that they were actually more often centered around students being “just curious” because they were not sure what they wanted to do upon graduation, or asking me “Well, why do you like to work at Rhinebeck Bank?” It was at that point I recalled talking to Rhinebeck Bank at the start of my own career, also being introduced at a college fair and thinking the very same thing - younger adults do not know exactly what they want.
To all the graduates out there – CONGRATULATIONS! Remember how you spent the last four years putting in the hours necessary to succeed? Unfortunately your years of hard work aren’t over.