- Am I Saving Too Much for Retirement?
It may seem like an odd notion, but it is possible to save too much money. You may have financial habits that allow you to sock away tons of money but cause your current quality of life to deteriorate. As… read more…
- How Long Will $300,000 Last in Retirement?
How long will $300,000 last in retirement? The answer to that depends on a variety of things: your lifestyle, your lifespan, your investments and any other income you have, to start. Let’s break down whether $300,000 is enough for your… read more…
- What Is the Average Monthly Retirement Income?
Wondering how your retirement savings stack up to other Americans’ nest eggs? Or whether your income in your post-work years will be enough to keep you afloat? It’s normal to be curious about the average retirement income in the U.S.… read more…
- The Average Salary by Age in the U.S.
The answer to how your earnings compare to others in your age group largely depends on where you live and what you do. But knowing the median salary of people the same age can tell you if you’re generally keeping… read more…
- How to Invest $50,000
Start with giving yourself a pat on the back. Whether you saved $50,000 by diligently setting aside a portion of your paycheck or you came into money through an inheritance, you now have a tidy sum to grow. Investing is one… read more…
- 2025 Retirement Contribution Limits
Funneling money into a tax-advantaged account, such as an IRA or a 401(k) is a must if you’re banking on enjoying a comfortable retirement. These kinds of accounts offer a much higher rate of growth compared to a regular savings… read more…
- Vanguard Says Retirees Can Add at Least $100k to Retirement Savings By Doing This
Approximately 80% of all Americans aged 60 and older are homeowners, and housing wealth accounts for about 48% of the median wealth of that group. As retirees near large cities, and strong housing markets, start retiring, they realize they can… read more…
- 3 Steps to Building Wealth in Your 50s
For many people, turning 50 signals a shift in the way they approach their finances. If you have kids, they’re probably preparing to leave the nest and you may just be hitting your stride in terms of your earning power.… read more…
- Is $1.5 Million Enough to Retire at 65?
Reaching $1.5 million in retirement savings is doable. While this is a lot of money, it’s well within reach for most incomes. As long as you start saving early – ideally in your 20’s – and take advantage of market returns,… read more…
- Can I Retire With $1 Million at 55?
$1 million doesn’t go nearly as far in retirement as it once did. In fact, a recent survey found that investors believe they’ll need at least $3 million to retire comfortably. But retiring with $1 million is still possible, even… read more…
- Is $2 Million Enough to Retire at 65?
Although 65 is a conventional retirement age, reaching this point with $2 million is quite a feat. This sum can generate investment and interest income to support you well in the decades to come. However, saving this amount takes effort.… read more…
- Is $3 Million Enough to Retire at 50?
Early retirement is a great goal for many. But to be able to retire early and comfortably, you’re going to need a nest egg. How much you need depends on how you answer a few questions: What’s your average cost… read more…
- Is $5 Million Enough to Retire on at 50?
Retiring at 50 is a lofty goal that gives you plenty of time to pursue all the projects you couldn’t get to in your career and make memories with friends and family. However, leaving the workforce 12 years before you… read more…
- Is $4 Million Enough to Retire on at 50?
Achieving the goal of retiring at 50 allows ample time to pursue the passions put aside during your career and create cherished memories with loved ones. Nevertheless, leaving the workforce 12 years before qualifying for Social Security presents a significant… read more…
- How to Save for Retirement at 40
Everyone has a different journey when it comes to saving for retirement. Some start early with a job that offers 401(k) matching right out of school. Others get a later start. If that’s you and you’re just starting to save… read more…
- What Is a Nest Egg for Retirement?
A “nest egg” generally refers to retirement savings that you typically don’t touch until you retire. It’s the money you save for the future so that you have something to fall back on when you retire. Oftentimes, growing your nest… read more…
- Need Help With Your Asset Allocation in Retirement? Use This Bucket Approach From Morningstar
Thanks to target date funds and some simple rules of thumb, picking a mix of stocks, bonds and cash is pretty straightforward while you’re still saving for retirement. According to conventional wisdom, the further out from retirement you are, the… read more…
- How to Handle a Forced Retirement
Retirement isn’t always planned. For most people, reaching retirement age means finishing a lifetime of hard work. They have saved up enough to rest and enjoy their days without a daily grind. That isn’t always the case though. Occasionally someone… read more…
- State-Mandated Retirement Plans
For the most part, employer retirement plans are entirely voluntary. Your employer may choose to offer a 401(k) or something similar, and they may choose to match contributions, at their discretion. However, some states have begun to require more than… read more…
- Is $5 Million Enough to Retire at 60?
Based on the median costs of living in most parts of America, $5 million is more than enough for a very comfortable retirement. Based on average market returns, $5 million can support many households indefinitely. However, it also depends on… read more…
- How to Plan for Retirement at 30
Although turning 30 might feel like an unwelcome leap toward old age, don’t worry! You’ve still got decades left before retirement. That said, 73% of working adults started thinking seriously about retirement in their 30s, according to Thrivent’s Retirement Readiness… read more…
- How to Retire at 65 With $4 Million
Is $4 million enough to retire at 65? For most people, the answer is yes. But there are a lot of considerations and a good deal of planning to retire, regardless of how much you’ve saved. Everyone has different needs when… read more…
- What Is a Distribution from a Retirement Plan?
A retirement plan distribution occurs when you withdraw money from the plan. There are several different types of distributions, including early distributions, rollover distributions and Required Minimum Distributions. You generally owe income taxes on most types of withdrawals and you… read more…
- To Plan Your Retirement Properly, You Need to Answer This Key Question
The biggest question when it comes to retirement is also one that can be difficult to answer: how long will you live? This question, and the assumptions that people make when answering it, influences many financial aspects of their lives.… read more…
- Is $4 Million Enough to Retire on at 55?
A $4 million nest egg will likely allow you to retire comfortably at age 55. The major challenge will be accumulating that much capital by 55 – about a decade before most people stop working. Other issues include the need to… read more…