- New Research Shows Why You Should Rethink This Popular Retirement Strategy
Is the 4% Rule no longer a viable strategy for withdrawing retirement savings? That’s the question Morningstar researchers asked when they reexamined this well-known rule of thumb. Developed in the 1990s, the 4% Rule stipulates that a retiree should withdraw 4% of their savings in their first year of retirement and adjust subsequent withdrawals for… read more…
- What Is a Continuing Care Retirement Community?
Most seniors would prefer to stay in the comfort of their own homes. But at a certain point, it just might not be feasible. The average person 65 and older has almost a 70% chance of requiring long-term care, according to the Administration for Community Living (ACL) and the Administration on Aging (AoA). So, it’s… read more…
- You Need to Know This About Phased Retirement
There are several types of retirement just as there are various times to retire. Choosing the right time to retire can be challenging, as it often means balancing your desire to leave work behind with your financial ability to do… read more…
- Pandemic Offers This Silver Lining For Retirement Savers
From doctors visits to business meetings, the COVID-19 pandemic has shifted so many of our everyday interactions from in person to online. One silver lining of this dramatic change has been increased engagement when it comes to people learning about their retirement savings. Transamerica, an investment solutions, retirement and insurance company, has seen a significant… read more…
- Guide to Set Retirement Goals By Age
Too many Americans are unprepared for retirement, according to a PwC analysis. Around a quarter of U.S. adults have no savings at all for retirement, and only 36% are on track. Fortunately, several major brokerages offer age-based benchmarks that folks would be wise to consider as part of their retirement planning. Fidelity Investments, J.P. Morgan and… read more…
- SECURE 2.0 Act: What It Means for Your Retirement
The 2019 Setting Every Community Up for Retirement Enhancement (SECURE) Act brought key changes to laws governing retirement plans. Among other things, the Act eliminated the age cutoff for traditional IRA contributions and increased the age for required minimum distributions… read more…
- U.S. Drops in Global Retirement Rankings: These Countries Do It Better
The U.S. has plenty to improve upon when it comes retirement. While Iceland is rated as the top country for retirement security for the third year in a row, the U.S. dropped to No. 17 in the 2021 Global Retirement Index… read more…
- These Digital Tools Can Help Close the Retirement Gap
It’s fairly common knowledge that many Americans are facing a retirement savings gap. In 2015, the gap between what they needed to have saved and what they’ve actually saved was $28 trillion. But it gets worse: the World Economic Forum now says that the gap is expected to grow to a whopping $137 trillion by… read more…
- How to Retire in the United Arab Emirates
Once organized as separate sheikdoms, the seven emirates of the United Arab Emirates, Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al-Khaimah, Sharjah and Umm Al-Quwain, are now a popular destination for expatriates. In fact, according to the Congressional Research Service, around… read more…
- One-Third of American Workers Are Leaving Free Money on the Table
A 401(k) plan, and other workplace retirement plans like a 403(b) plan, is the most common way for American workers to save for retirement. With Social Security simply not enough to cover expenses for most people and traditional pension plans rarely used anymore outside of the public sector, taking full advantage of your 401(k) is… read more…
- Types of Retirement Explained
The prospect of retirement sparks a myriad of questions about how much you have saved up, where you want to live and when you plan to start. Retirement used to connote a post-work life of leisure on the front porch or golf course, with some travel thrown in. But that might not be the type… read more…
- Retirees Can Beat Inflation With This Investment Technique
When managing your nest egg in retirement, there are a number of decisions to make surrounding which withdrawal rate to use and how to rebalance your portfolio. Perhaps the most key, though, is answering what types of investments should you make after you’ve left the workforce. A major strategic decision in this regard hinges on… read more…
- How to Retire With $5 Million
Even with $5 million saved, managing your retirement nest egg wisely is essential to ensure it supports both your needs and lifestyle goals throughout your retirement years. Proper planning can help that wealth last for 20 to 30 years or more. To make the most of your savings, consider strategies that balance income generation, growth… read more…
- Retirement Plan Options to Consider
Having one or more retirement accounts can help you realize your long-term financial goals, including growing wealth and securing a comfortable retirement. Workplace plans, Individual Retirement Accounts and self-employed retirement accounts are just some of the ways you can save.… read more…
- How Is the Rule of 85 Applied to Retirement?
In place of a 401(k) plan, your employer may offer a defined benefit pension plan for retirement savings. These plans follow different guidelines for withdrawals, including the rule of 85, which governs what type of payment you’re eligible for should… read more…
- How to Start Planning for Retirement
According to a 2022 Employee Benefit Research Institute (EBRI) Retirement Confidence Survey, many people think they’re doing a good job financially preparing for retirement. EBRI found that over seven in 10 workers remain confident in their ability to live comfortably.… read more…
- How to Retire in Bolivia: Costs, Visas and More
Bolivia is one of South America’s most diverse countries, in both its people and its beautiful, rugged landscapes. The country, which has more than 11 million people, has an array of sights and experiences, unlike anything most travelers will find.… read more…
- How to Retire in Barbados: Costs, Visas and More
An island in the West Indies, Barbados is a jewel of the Caribbean. Its turquoise waters and golden beaches are a perfect match to many people’s idealized days in the sun that they hope is waiting at the end of… read more…
- How to Retire in South Africa: Costs, Visas and More
Home to both lively landscapes and a highly diverse and fascinating culture, South Africa stands out as a place of opportunity for many potential retirees. Bask in a glowing sun while out on the golf course or relax in the… read more…
- How to Retire in Indonesia: Costs, Visas and More
Indonesia’s climate may be one of its biggest draws to foreign nationals escaping the cold. But it’s certainly not the only reason to visit or stay long-term. The country is well-loved for its similarly warm hospitality. Not only that, but… read more…
- How to Retire in Finland: Costs, Visas and More
For those considering how to retire in Finland, you have one of Europe’s finest countries waiting to be explored. As of 2022, Finland topped Gallup’s World Happiness Report for the third consecutive year and that ranking comes with good reason.… read more…
- How to Retire in the Netherlands: Costs, Visas and More
With just under 4,000 retired Americans getting Social Security benefits in the Netherlands at the end of 2019, this Western European country may not stand out as an obvious choice for retirement among some of its neighboring countries, but its… read more…
- How to Retire in Poland: Costs, Visas and More
For those exploring retirement abroad, Poland has plenty to offer the budget-savvy retiree. Poland is a relatively low-cost retirement destination when compared with some of its European nation neighbors, even in its capital, Warsaw. You’ll find that the country sits… read more…
- How to Retire at 50: A Step-by-Step Plan
Early retirement is a lofty financial goal that is sought out by many people but few are able to achieve the ambitious goal. If you’re interested in how to retire at 50 or even earlier, you’ll need to create a… read more…
- What Is an Accredited Retirement Plan Consultant (ARPC)?
Salespeople and marketers working in the financial services profession, as well as college students, can earn the Accredited Retirement Plan Consultant (ARPC) certificate to show they have proficiency and professionalism sufficient to help employers create effective retirement plans for workers.… read more…