- How to Retire Early: A Comprehensive Guide
Many people want to retire early. Unfortunately, that’s easier said than done. Not only do you have to earn enough money to put aside for an early retirement, but you have to make sure you know exactly what you’ll need,… read more…
- How to Plan for Part-Time Retirement
You might imagine retirement as the last day you go into the office, but what if it meant spending more time in your home office? Part-time retirement means remaining in the workforce in a limited capacity, usually for extra income… read more…
- How and Where to Retire Abroad
Leaving the workforce can put you in a quandary after decades of full-time work. But what if retirement was brimming with delicious food and beautiful weather? Retiring abroad can bring you just that and so much more. Here are five general… read more…
- 3 Ways to Take Control of Your Retirement
Whether you are just starting your career or exiting the workforce, it’s a good time to take control of your retirement. Fidelity Viewpoints recently released an analysis of actions to take that can help you sustain a comfortable lifestyle in your golden… read more…
- How to Financially Prepare for Retirement Travel
When you envision your retirement, do you imagine staying put the whole time? Of course you don’t. Retirement travel is a priority for most people, whether that’s visiting family in another state or globetrotting. You’ve earned this time, so you… read more…
- 7 Ways to Fund ‘Catch-Up’ Retirement Contributions
If you’re turning 50 years old this year, remember: You’re not getting older, you’re getting better. And so are your retirement savings options. Once you turn 50, you’re allowed to add up to $1,000 in annual “catch-up” contributions to your… read more…
- Four Ways to Make Money in Retirement
With many Americans living longer and retiring earlier, more and more people have time, health and energy to work in retirement. And this has led to a surge in retirees doing just that. So whether you need the extra cash… read more…
- Americans Aren’t Satisfied With Their Retirement Plans Online — J.D. Power Ranks the Best
Facing both inflation and a possible recession, retirement investors are under a lot of financial stress in 2022. And they are looking at their retirement plan providers for both information and guidance. But the Michigan-based consumer research firm J.D. Power… read more…
- 8 Tips to Help You Transition to Retirement
After a long, successful career, letting go and heading into retirement might be harder than you think. While retirement looks different for everyone, creating a solid financial plan can help alleviate some apprehension surrounding it. By assessing your finances, budgeting… read more…
- Here’s the Surprising Move to Make Amid Market Volatility
In times of relative economic turmoil, it may be natural to expect a lot of change to retirement savings patterns — perhaps to see people save less as they deal with more pressing needs. Others, restless at seeing losses, may… read more…
- How to Retire During a Market Downturn: It’s All About Withdrawing This Way
It’s always hard to make your retirement savings last as long as you need it to — but it becomes even harder when you’re retiring during a market downturn, as Americans retiring right now are experiencing. A market downturn means… read more…
- Homeowners Are Sitting on Record Equity: How You Can Capitalize For Retirement
If you own a home, chances are your net worth has shot up in the last year. Skyrocketing home prices caused by a pandemic-fueled real estate frenzy have led to a scenario where homeowners in the U.S. are sitting on… read more…
- What Is a Good Age to Retire for You?
Part of a sound retirement planning strategy involves choosing the best age to retire. The normal retirement age is typically 65 or 66 for most people; this is when you can begin drawing your full Social Security retirement benefit. It… read more…
- Almost a Third of Americans Believe Social Security Won’t Last: Here Are Three Ways to Get Retirement Income
A 2022 retirement survey shows that almost one in three Americans believe that Social Security could run out of money and stop making payments. And another 31% expect that they will need to get retirement money earlier. Let’s break down… read more…
- 4 Lucrative Loopholes That Can Get You Early Access to Retirement Funds
Generally, when you save for retirement, your goal should be not to touch the money until you are actually retired. Sometimes, though, life gets in the way and you need to dip into your retirement savings a bit earlier than… read more…
- 6 Tips Americans Follow to Maximize Retirement Savings: Are You Keeping Pace?
While inflation and market volatility loom over the U.S. economy, a new survey by Principal Financial Group shows that 59% of respondents plan to save more than $20,000 for retirement this year alone. Let’s break down what the survey says… read more…
- What Is a Good Retirement Income?
Saving for retirement is perhaps the most major financial goal every American has. But once you retire, you’ll need an adequate income to replace what you were making pre-retirement. As you might imagine, this number will vary from person to… read more…
- How Much Less You’ll Spend Throughout Retirement Depends on These 2 Factors
How much will you spend in retirement? This is a vital question to ponder as you approach your golden years. After all, a successful retirement plan not only focuses on the accumulation of money and assets, but also the… read more…
- Rule of 55 vs. 72(t): Retirement Plan Withdrawals
Deciding when to time your retirement plan withdrawals matters for determining how long your money will last and what you’ll pay in taxes for those distributions. If you have a 401(k) at work, you might follow the Rule of 55… read more…
- How to Retire With $2 Million
For years, financial experts have suggested a target retirement savings goal of $1 million. But when you consider things like inflation, the rising cost of healthcare and longer life expectancies, that amount of money may not go as far as… read more…
- Democrats Want to End This Lucrative Retirement Account Loophole
Congressional Democrats want to slam shut a tax loophole known as the “backdoor” Roth IRA. In one of several proposed changes that target the retirement accounts of wealthy Americans, Democrats on the House Ways and Means Committee want to prohibit people… read more…
- Can I Retire at Age 55?
Retiring at 55 sounds like a dream to many, but reaching a goal like that requires some extra planning ahead of time. While normal retirement age for most is usually 65 or older, early retirement could give you more time… read more…
- Are Target-Date Funds Hampering Your Retirement? Try This Instead
Target-date funds may be cramping your retirement. Between July 29 and Aug. 2, lawyers representing current and past participants in six separate retirement plans filed suit against their employers and plan fiduciaries, charging that the BlackRock target-date funds in the… read more…
- Here’s How Retirees Can Turn $6,000 Into a $150,000 Retirement Bonus
With an average retirement balance of just $202,000, baby boomers could find themselves pinched for retirement income, according to a new survey from the Transamerica Center for Retirement Studies. Using the 4% rule for retirement withdrawals, that balance would produce… read more…
- Vanguard Says This Modest Change Helps Investors Save Enough Retirement Income
Periodically increasing the amount you put toward retirement can help improve the chances that you’ll have enough retirement income later in life. Vanguard recently released data that analyzes whether retirement plan participants are saving enough to replace their income in retirement.… read more…