Retirement Confidence is Declining and How to Rebuild It
Is Your Retirement Confidence Fading? Recent surveys paint a troubling picture: retirement confidence is dropping, with 65% of Americans relying on advisors to navigate uncertainties, yet only 37% feel fully prepared. For most Americans, this decline—down 5% year-over-year—signals a need for action amid market volatility and policy shifts. At Davenport & Associates, we use insights… View Article
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The Retirement Savings Gap: Why 58% of Americans Are Behind in 2025
Is Your Retirement Savings on Track? Picture this: You’ve saved diligently for years, but inflation and unexpected costs leave you short of the $1.46 million needed for a comfortable retirement. For most Americans, this “retirement savings gap” is a harsh reality—58% of Americans feel behind, with median savings at just $88,000. At Davenport & Associates,… View Article
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Working in Retirement: Why 80% of Americans Plan to Keep Earning in 2025
The New Reality of Retirement Work Imagine retiring at 65, only to find your savings need a boost from part-time work to cover rising costs. For most Americans, this isn’t a dream—it’s the plan for 80% of Americans expecting to work post-retirement. At Davenport & Associates, we help people approaching retirement blend earning and saving… View Article
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New Rules for Inherited IRAs: Navigating Required Distributions in 2025
Protect Your Legacy from Tax Traps Imagine inheriting your parents’ IRA, only to lose 30% to taxes because of new rules you didn’t know about. For many Americans over 50, this is a real risk in 2025. The SECURE 2.0 Act has changed how inherited IRAs are taxed, requiring most heirs to withdraw funds within… View Article
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Outliving Your Retirement Savings: Strategies to Thrive in Retirement
As Labor Day approaches on September 1st, 2025, it’s a perfect time to pause and think about your retirement. For our clients at Davenport & Associates, the fear of outliving your savings is real—51% of people worry about it. With the holiday season nearing, this blog explores why this concern matters and offers simple strategies… View Article
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Social Security COLA Adjustment for 2025: Boosting Income Amid Inflation
The Social Security Administration (SSA) announced a 2.5% Cost-of-Living Adjustment (COLA) in August 2025, boosting average benefits by $50/month for 72.5 million retirees. For our clients here at Davenport & Associates, this adjustment is a key factor in retirement income planning. If you’re asking “When should I claim Social Security?” or “Do you have enough… View Article
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