Congress has dedicated the third week of October as National Save for Retirement Week. Clearly, the government feels the need to urge people to do a better job of preparing for retirement. Are you doing all you can?
Many of your peers aren’t – or at least they think they aren’t. In a recent survey conducted by Bankrate.com, respondents reported that “not saving for retirement early enough” was their biggest financial regret. Other evidence seems to show they have good cause for remorse: 52% of households 55 and older haven’t saved anything for retirement, according to a report from the U.S. Government Accountability Office, although half of this group reported having a pension.
Obviously, you’ll want to avoid having either financial regrets or major shortfalls in your retirement savings. And that means you may need to consider making moves such as these:
It was a rough salmon season at most Alaska regions this summer, with Bristol Bay being the big exception. While sockeye catches exceeded expectations, all other species came up short. But salmon stakeholders can take heart that the fish is moving swimmingly to market.
“The demand is there. The world still recognizes that this is the best place to go for the highest quality salmon, including pinks,” said Tyson Fick, Communications Director for the Alaska Seafood Marketing Institute.
In 2015 alone, more than 13 million Americans were victimized by identity theft, according to the U.S. Department of Justice. What can you do to guard your identity and protect yourself from potential financial losses?
Here are some ideas to consider:
Fish on! The lure of reaching a statewide radio audience has once again attracted a full slate of political hopefuls to Kodiak for its popular fisheries debate.
On Wednesday, five candidates for U.S. Senate traveled to the nation’s No. 2 fishing port to share their knowledge and ideas on a single topic: Alaska’s seafood industry.
“It’s a great service to Kodiak, to our fishing communities and to Alaska in general,” said Trevor Brown, director of the Kodiak Chamber of Commerce, host of the event. “Fishing is the state’s largest private sector employer. I think the candidates realize the importance of the fishing industry and that its viability is very important to Alaska.”
October is Financial Planning Month. And now that you know it’s Financial Planning Month (just in case you didn’t know before), why not take the opportunity to determine if you’re on the right path toward meeting your financial goals?
Consider taking these steps:
Alaskan Cod Crunchies begin a national roll out this week with a debut at Costco’s two stores in Anchorage. The dog treats are one of the newest products stemming from Alaskan Leader Seafood’s commitment to complete “head to tail” usage of their catches.
“It’s pure, 100 percent human-grade trimmings coming right off the cod fillets,” said Keith Singleton, president of the company’s value-added division.
Alaskan Leader’s four freezer/longline vessels are owned in partnership with the Bristol Bay Economic Development Corporation (BBEDC) and fish primarily for cod in the Bering Sea. Besides the frozen at sea fillets, Alaskan Leader also has developed markets for (and thereby monetized) all of the cod heads, livers and skins.
The presidential election is little more than a month away. Like all elections, this one has generated considerable interest, and, as a citizen, you may well be following it closely. But as an investor, how much should you be concerned about the outcome?
Probably not as much as you might think. Historically, the financial markets have done well – and done poorly – under both Democratic and Republican administrations. Also, many factors affecting investment performance have little or nothing to do with the occupant of the White House. Consequently, no one can claim, with any certainty, that one candidate is going to be “better for the markets” than another one.
The average American retires at about age 63, according to data from the U.S. Census Bureau. If you enjoy your work, of course, you may want to go well beyond that age. But what if you don’t want to wait until 63 or so? Can you afford to retire early?
Possibly – if you follow these suggestions:
It surprises many people across the state that fall is one of the busiest times for Alaska’s fishing industry from the Panhandle to the Bering Sea. As salmon season gets tucked away, hundreds of boats of all gear types are still out on the water, or gearing up for even more openers in just a few weeks.
Here’s a sampler:
It’s Open Enrollment Season, so if you work for a medium- or large-sized company, you will need to make some choices regarding your employee benefits — and these choices can have a big impact on your financial situation.
Depending on your employer, your benefits package may include various types of insurance, plus access to a 401(k) or similar retirement plan. Here are some suggestions for getting the most out of these benefits: