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Saving for Retirement: Myth vs Reality

By Penn Mutual | July 20, 2016

Research tells us that 53 percent of households are “at risk” of not maintaining their living standards in retirement. While much of that is simply because people are not saving enough, even those who think they are doing a good job planning for their future may have made some mistakes due to some big myths surrounding retirement saving.

Why You Should Save 15 Percent of Your Income

By Penn Mutual | October 13, 2015

I’m going to make the argument that you should be saving at least 15 percent of your gross income. That might be a tough sell in a time when the average savings rate in the U.S. is 4.6 percent, but my experience as a financial advisor shows that saving more can make a huge difference financially in the long-term.

What Millennials Need to Know About Financial Literacy

By Vincent Stellato | April 28, 2015

As a millennial, I understand the challenges of getting started on the right financial path. There are so many competing and urgent demands for our money — rent, food, car, gas, student loans, fun, travel — making long-term financial plans seems impossible.

Five Smart Ways to Use Your Tax Refund

By Margaret Muldoon | April 7, 2015

First, let’s talk about what to do with this year’s refund, and then we can explore how to change things so that you get to keep your money this year.