Here’s something fitting for the holiday season…

Each year around this time, PNC Bank releases its annual Wealth Management Christmas Price Index. It’s a whimsical way for the bank to track inflation, as they use the items in the 12 Days of Christmas to compare year over year price changes....

When clients first come in to start the retirement planning process, most have no idea if the money they’ve been socking away in their 401(k)s over the years will be enough to sustainably generate their income needs in retirement. In fact, usually all they focus on is building the pile up; very rarely do I run into someone who has actually worked backwards from income needs to the amount of money that they need to save....

The Transamerica Center for Retirement Studies recently released its latest finding from their annual “Current State of Retirement” survey. The survey actually interviews 2 sets of people: those age 50+ who are still working and retirees. In both sets, the number one retirement fear was outliving savings and investments....

The National Association of Personal Financial Advisors, the largest fee-only financial advisor group in the U.S., has gathered its top advice for people at various stages of planning for retirement. Here are eight items NAPFA recommends you address when you’re five years from retirement:

1. Separate your retirement “needs” from your retirement “wants.” Needs include your essential living expenses, such as food and housing costs, taxes and insurance premiums, while wants include discretionary expenses, such as travel and entertainment...