- How to Estimate Your Expenses in Retirement
Anticipating your retirement expenses is key to saving the right amount in 401(k)s, IRAs and more. Although getting exact figures might not be possible, projecting costs for healthcare, housing and lifestyle can help you create a realistic savings goal during… read more…
- Is $3 Million Enough to Retire at 55?
If you plan on having $3 million in savings by the time you turn 55 and you’re wondering if you can retire on that amount, then there are some things to consider. From understanding what your costs will be in… read more…
- How Much Income Will I Need to Replace in Retirement? T. Rowe Price Says Start With This Percentage
Retirement planning can be full of complicated calculations and projections. Whether you’re estimating a reasonable withdrawal rate from your investment portfolio or minimizing your tax liability, you have many decisions to make as you plan your golden years. But figuring out… read more…
- Types of ERISA-Covered Retirement Plans
The Employee Retirement Income Security Act (ERISA), is a federal law that protects members of employer-sponsored retirement and health plans. Most American workers belong to retirement plans that are covered by ERISA. The list of covered plans includes the most… read more…
- Early Retirement Can Create a Financial Crisis
Not many people would pass up the opportunity to retire early. In fact, there’s an entire movement built around the idea of early retirement – Financial Independence, Retire Early (FIRE). Need help planning for retirement? Consider working with a fiduciary… read more…
- How to Retire in Five Years With No Savings
Who doesn’t dream of retirement? Once you clock out of work for the final time, you can spend more time with family and friends, take up a new hobby or even write your memoirs like you’ve always wanted to. But retirement… read more…
- What Is a SARSEP Retirement Plan?
A Salary Reduction Simplified Employee Pension Plan (SARSEP) is a specialized retirement plan that used to be available to employees of small businesses. While these plans could not be established after 1996, those established prior to 1997 still exist. SARSEPs… read more…
- What Is a Life Insurance Retirement Plan (LIRP)?
The main purpose of a life insurance policy is to take care of your loved ones after you die. However, your life insurance policies can also be significant stores of value. In particular, if you hold one for most of… read more…
- Majority of Americans Plan to Work During Retirement
American investors are getting the jitters about retirement. More than half say they might need to work during retirement. Close to half say they’ll need to work during retirement. And another large contingent say they’ll need to move someplace cheaper… read more…
- 7 Types of Retirement Income Sources
When people retire, they go from having one main source of income to having several. The exact number of income sources and how heavily you’ll rely on them depends on your level of retirement planning. While some people rely solely… read more…
- How Long Will $1,500,000 Last in Retirement?
If you find yourself with $1.5 million in retirement savings, you’re doing more than five times better than the average retiree, who only has $279,997. It is true that $1.5 million can last indefinitely in retirement if you don’t spend… read more…
- Four Retirement Withdrawal Strategies
Withdrawing money the right way matters. We often talk about how to save for retirement. That is, after all, essential business for everyone during their working life. Whether you follow the 60/40 strategy, put your money into real estate or… read more…
- How to Retire In 10 Years with No Savings
Despite having nothing saved for retirement, it’s possible to retire in as few as 10 years. By cutting your cost of living to the bone and saving every available penny, almost anyone can accumulate sufficient assets to generate enough investment… read more…
- How to Navigate a Divorce After You Retire
Retirement is a major milestone that most couples look forward to. But some couples find the transition to retirement negatively impacts their marriage, sometimes resulting in irreconcilable differences and divorce. Rates of late-in-life divorce, also called “gray” divorce, have risen… read more…
- Should You Use Retirement Savings to Pay Off Debt?
Many experts advise you not to touch retirement accounts until your golden years, but some high-interest debts can present a more pressing issue. Debt can cause your financial circumstances to deteriorate at an alarming rate, and resolving the issue can… read more…
- How Much Do You Need to Retire at 55?
If you’re thinking of retiring early, you may be wondering how much you need to retire at age 55. The exact amount of income you should have put away is going to depend on different factors. But if you want… read more…
- How Much Money Do You Need to Retire?
While there may not be a more common or consequential financial question then “how much money do I need to retire?,” there isn’t a one-size-fits-all answer. One person’s retirement income needs will be different from the next, depending on their… read more…
- How Sequence of Returns Risk Affects Retirement
Investing for retirement means factoring in different types of risk that may affect your portfolio over time. The sequence of returns risk also referred to as sequence risk, can come into play as you begin taking withdrawals from your retirement… read more…
- How to Retire in Sweden: Costs, Visas and More
Sweden is one of the most sought-after countries in the world. It offers an excellent quality of life for retirees with beautiful landscapes and historic, walkable cities to enjoy. The archipelagoes on both the nation’s East Coast and West Coast,… read more…
- Is Early Retirement Detrimental to Your Health?
After years of scrimping and saving, investing wisely and working diligently your reward could be the luxury of an early retirement – and a big drop in your IQ. New research conducted by faculty at Binghamton University, State University of New… read more…
- What Is the Retirement Bucket Strategy?
The main goal of most investors is to garner enough money in the market to fund their retirement years. Yet, many investors are unsure of how to properly pull money out of their accounts once they’re actually in retirement. The… read more…
- Working in Retirement: Why and How You Might Choose to Stay Busy
Are you retired but interested in going back to work? Unless you’ve developed some hobbies or have significant interests outside your career, retirement can be a lonely place. Suddenly, many of your social contacts are gone. Mental and intellectual pursuits… read more…
- How Long Will $400k Last in Retirement?
Data from the Federal Reserve shows that the average savings in the United States at retirement age is just $255,200. So if you find yourself with $400,000 in assets at retirement age, congratulations! You’re doing much better than average. But how… read more…
- Retirement Tax Strategies to Consider
Ideally, once you retire, you won’t have to work ever again. This is great, but for most people, it also means there’s no new money coming in the door. You have your savings and your investments and that’s often it.… read more…
- What Are Retirement Income Funds (RIFs)?
A retirement income fund (RIF) is a conservative investment that many people use to prepare for retirement. By investing in RIFs, retirees can earn regular income. However, that income isn’t always guaranteed. Here is how RIFs work and how their… read more…