Newsletter
Better Finances for a Better You
← All Neontra Newsletter Issue #100 099 →
Estimated reading time: 6 minutes
Did you know?
The average retirement age in the U.S. is between 64 and 66 years, and Canada has a similar average of around 65.
The Average Retirement Age in 2024: US vs. Canada →Word of the week
Social Security
Social Security provides a source of income when you retire or if you cannot work due to a disability.
Millions of Americans may get a Social Security boost. And maybe a tax bill →Budgeting
Simplify Your Budget To 3 Categories So You Can Retire Early By Bernadette Joy
Simplify your budget into three main buckets: Strive, Revive, and Survive →Quote of the week
"As in all successful ventures, the foundation of a good retirement is planning."
- Earl Nightingale
Infographic of the week
How Far $1 Million Gets You in Retirement, by U.S State
Becoming a millionaire has long been a dream for people worldwide. In most cases, the million-dollar mark is seen as a symbol of financial success and prosperity. However, with the rising costs of housing, healthcare, and food, is $1 million really enough to stop working? This graphic illustrates how long $1 million, combined with Social Security benefits, would last in each U.S. state, according to data from GOBankingRates. The analysis includes groceries, healthcare, housing, utilities, transportation, and miscellaneous expenses.
In three states—Massachusetts (19 years), California (16 years), and Hawaii (12 years)—$1 million would be completely spent in less than 20 years →Saving
8 Strategies to Save for Retirement By Robert Brokamp, CFP
Save 15% of income annually for retirement, considering longer lifespans and diminished pensions →Investing
Tips for Successful Retirement Investing By Jean Folger
When planning for retirement, one usually identifies financial goals and then decides on the best ways to save and invest to achieve them. A lot of retirement investing advice involves very specific formulas and strategies. Sometimes, though, it's helpful for your investment decision-making to take a step back and look at the big picture.
Start early and know your options →Serious stuff
The average American’s lack of savings paints a fairly discouraging picture of retirement. According to Pew Charitable Trusts, many Americans see themselves working past age 65 out of financial necessity, with some people never planning to retire at all.
Here’s Exactly How Much Savings You Need To Retire in Every State By J. Arky →Fun stuff
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