- The Average Retirement Age in Every State in 2016
Not everyone leaves the workforce at age 65. Some people decide to retire before they reach full retirement age, even if they have to miss out on some of the Social Security benefits they’re entitled to receive. Others try to keep working for as long as they can because retiring early isn’t possible or they’re… read more…
- Top 7 Hacks for Saving More for Retirement
Worrying about having enough retirement savings can keep you up at night. If you’ve barely put anything away, it’s easy to panic or give up on saving altogether. But there’s a third option: You can find ways to funnel a… read more…
- 4 Ways to Prevent Medical Costs From Derailing Your Retirement
If you’re young, your retirement healthcare needs are probably the last thing on your mind. But even if your golden years are decades away, it might be a good idea to start thinking about how you’re going to pay for… read more…
- Can You Retire With Less Than $1 Million?
One million dollars is often cited as the amount that most people should use as their benchmark when trying to figure out how much they need to save for retirement. But you may be able to retire on less than $1 million, depending on your financial situation. While having a lot of money in the… read more…
- Should You Make a Move In Retirement or Stay Put?
Most people assume that once you hit retirement, it’s time to pack up and move someplace sunny. But surprisingly, many American seniors aren’t interested in straying too far from home. A survey from The American College of Financial Services found that 83% of retirees or near retirees had no plans to relocate in their later years.… read more…
- Should You Wait Until Age 70 to Retire?
Deciding when to retire is one of life’s biggest financial decisions. Many people wonder if they should wait to retire until age 70, and for good reason. Delaying retirement can boost your Social Security benefits. Your monthly checks could increase by up to 24% compared to retiring at full retirement age. It also gives your… read more…
- Does the 4% Rule Still Work for Retirees?
Planning for retirement involves more than just mapping out your savings strategy. You’ll need to know how much you can afford to spend once you leave the workforce. In the past, some financial experts recommended that retirees stick with the 4% rule when making retirement withdrawals from a 401(k) or similar retirement account. But it may… read more…
- 5 Ways You Risk Going Broke in Retirement
Everyone wants to be able to retire comfortably, but making that dream a reality is easier said than done. Even if you’re socking money away here and there, there’s no guarantee that you’ll have enough cash for your golden years. In… read more…
- Where Are Retirees Moving? – 2016 Edition
As the baby boomer generation ages into their 60s and 70s, the number of retirees in the United States is going to increase. So too will their economic sway. Many retirees, no longer anchored to a city or region by their job, choose to pack up and leave. Some seek a lower cost of living.… read more…
- 3 Retirement Planning Rules Rich People Swear By
If retiring rich is one of your financial goals, one of the best ways to make that happen is to study the habits of wealthy savers. When it comes to money, the rich know a thing or two about growing… read more…
- 5 Foolproof Ways to Build Wealth in Your 40s
Building wealth takes time. Your approach will depend in part on the stage of life you’re in. The way you handle your money as a 40-something is likely a bit different than the way you managed your finances in your 20s and your 30s.… read more…
- The Average Retirement Age in Every State in 2015
Choosing the right retirement age is as difficult as it is important. A premature retirement can also cost you a chunk of your annual Social Security income. Retiring too early could leave you short on savings years into your retirement. Regardless of when you retire, you’ll want to stick to a retirement budget to ensure your… read more…
- The Best States for an Early Retirement
Thinking about an early retirement? If so, you’ll need to plan carefully. There are a number of financial challenges for early retirees that those who wait until 65 or later don’t need to worry about. For instance, while you can start claiming Social Security benefits as early as 62, doing so will cut into the… read more…
- Why Your Retirement Age Matters
Whether your dream is taking early retirement or working through your eighties, you should know why your retirement age matters. Choosing when to retire is one of the biggest financial decisions you’ll make for the rest of your life and it… read more…
- Average Retirement Savings: How Do You Compare?
If you’re wondering what’s a normal amount of retirement savings, you’re probably one of the 60% of Americans who either don’t think their savings are on track or aren’t sure, according to the Federal Reserve’s “Report on the Economic Well-Being… read more…
- Where You Need to Be a Millionaire to Retire – 2015 Edition
Do you have a cool million dollars sitting in your retirement account? If not, you probably need to keep saving if you’re planning on retiring in one of America’s largest cities. Thanks to the rising cost of living in urban areas across the country, retiring in a big city is more expensive than ever. In places… read more…
- 3 Ways Retiring Early Can Hurt Your Finances
Early retirement isn’t the norm for most workers, but with some careful planning, it’s possible to quit the 9-to-5 grind 10, 15 or even 20 years ahead of schedule. Whether you plan to spend your golden years sunning on the beach or traveling the world, it’s important to be prepared for how leaving the workforce early… read more…
- Top 5 Reasons to Work Past Retirement Age
Once upon a time you worked at a job for 40 years or so. Then they gave you a cake, a gold watch and a pat on the back and sent you on your way, never to be seen or… read more…
- 10 Retirement Terms Made Simple
It’s best to begin saving for retirement sooner rather than later to ensure that your 65-year-old self is as financially secure as possible. But all the jargon associated with retirement plans can make them almost impossible to comprehend. It’s time for… read more…
- The Pros and Cons of Target Date Funds for Retirement
Maybe your 401(k) is invested in a target date fund, or you’re considering a target date fund for your IRA. You should know about the growing debate around an important question: How well do these funds work as retirement savings vehicles? Read on for the pros and cons of these popular funds. Find out now:… read more…
- 2025-2026 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…
- Filing Bankruptcy in Retirement? What You Need to Know
Ideally, by the time you reach retirement age, you’ll have accumulated enough savings to sustain a comfortable standard of living. Unfortunately, that’s not always the case for seniors who find themselves entering their golden years saddled with debt. Faced with… read more…
- Top Business Opportunities for Retirees
To many, an imminent retirement can seem like a prison sentence. They feel they will be cut off from the world and locked away, enjoying only the occasional weekend visit by family and friends. For those who want a little more… read more…
- How to Save for Retirement Without an Employer Savings Plan
The sooner you can start saving for your retirement, the better. Plus, saving for your retirement is often made a lot easier with the help of an employer savings plan. However, not everyone has access to a 401(k), 403(b) or… read more…
- 5 Retirement Planning Moves for Late Starters
When you’re trying to build your nest egg, it’s best to start setting money aside as soon as possible. The longer you put it off, the less time your assets have to grow. If you wait too long, you risk… read more…