- This Type of Portfolio Could Help You Retire With 20% More Money Than Index Funds
If you’re saving for retirement, a broad market index portfolio is typically a good option. Investing in a target date fund or S&P 500 index fund, for instance, are low-cost ways to gain broad market exposure. However, newly published research… read more…
- IRA Recharacterization: Retirement Guide
Contributing money to a traditional or Roth IRA can help you save money for retirement on a tax-advantaged basis. Should you make a mistake with contributions or change your mind about them, IRA recharacterization allows you to correct it. Recharacterizing… read more…
- Maximum Social Security Benefit for Married Couples in 2025
The maximum monthly Social Security benefits a person can get in 2023 is $4,555 if they wait until age 70 to claim their benefits. The maximum amount of benefits a married couple can receive would be $9,110 if both of… read more…
- Can You Retire Comfortably at 40 With $10 Million?
Retiring at 40 really can mean enjoying retirement in your (relative) youth. The question is, what does it take to make that possible? If you are lucky enough to have set aside $10 million, can that get the job done?… read more…
- Senior Downsizing Services: Retirement Guide
Downsizing in retirement has become a popular choice for many seniors, offering a fresh start and newfound freedom. Whether it’s driven by a desire to simplify, financial reasons, empty nests, health needs or emotional well-being, downsizing opens doors to a more… read more…
- How Roth 401(k) Matching Works With Your Employer
Changes to federal law governing retirement savings plans allow employers to make matching contributions to employees’ 401(k) accounts using after-tax dollars as with a Roth 401(k). Employees get to choose whether contributions will be made after-tax or pretax. However, the… read more…
- Best Work-from-Home Opportunities for Retirees
While retirement may be associated with leaving the workforce behind, most Americans plan to work past the age of 65. In fact, a 2022 study from the Transamerica Center for Retirement Studies found that around 57% of workers plan to… read more…
- Can I Retire at 65 With $1 Million?
Retiring when you’re in your 60s or younger is the goal for every worker. But can you retire comfortably at the age of 65 with $1 million? For some people, yes. But the true answer is that there is no… read more…
- Is $2 Million Enough to Retire on at 55?
It’s often said that a million dollars isn’t as much as it used to be – but how about $2 million? A retirement fund of that amount can provide $80,000 in annual income — without even touching the principal. While… read more…
- Can You Pass This Social Security Quiz? Nearly 7 in 10 People Struggle With These Basic Questions
Pop quiz: True or False – Social Security retirement benefits are subject to income tax just like withdrawals from a traditional IRA account. If you answered “False,” you’re smarter than more than 60% of your fellow Americans nearing retirement. In… read more…
- Thousands of Old Pensions Are Going Unclaimed. How to Find Out If One of Them Is Yours
Once upon a time, retirement in America was referred to as “a three-legged stool.” The first leg was your expected Social Security benefits, the second leg was your own personal savings and the third was something old-timers called a pension.… read more…
- Retirement Crisis: Older Americans Struggle to Afford Life After Work
Rethink that retirement party. More and more, seasoned workers are defying expectations and staying put in the workforce for a compelling reason—they simply can’t afford to retire. That’s the finding from a new study by Korn Ferry that found that… read more…
- 6 Fun Things to Do in Retirement on a Budget
Retirement offers you the time to do the kind of stuff you always wanted to do but couldn’t because work filled up your schedule. Of course, retirement also typically means living on a fixed income, which may limit your ability… read more…
- Is $10 Million Enough for You to Retire at 50?
If you have multiple millions set aside for retirement, you may still feel a little nervous at the possibility of giving up a steady paycheck at age 50. After all, many resources that people use for retirement such as traditional retirement… read more…
- Five Tips to Enjoy Life After Retirement
For some people, retirement can feel a bit like the dog that caught the car. You’ve prepared for this moment your entire adult life, and you’re certainly very happy to have gotten here but … well, now what? You’ve spent… read more…
- Can I Retire at 40 With $1 Million?
Retiring at 40 may sound like a pipe dream. But it’s entirely within reach if you save $1 million while working. The key elements for achieving this feat are sticking to a budget and implementing a comprehensive retirement strategy. But… read more…
- 12 Low-Stress Jobs You Can Do in Retirement
Just because you retire doesn’t mean you have to stop working. And when work is an option rather than a requirement, it’s possible to select a low-stress job that multiplies fulfillment without adding anxiety — but still provides a bit… read more…
- Five Fun Hobbies to Take Up in Retirement
Retirement marks one of the great transitions in your life. For most people, until your late-teens or early-twenties you define your time by going to school. After that your schedule is shaped around the need to work and earn a… read more…
- You May Be Eligible to Save Over $10K in Your HSA After Largest-Ever Contribution Limit Increase
People with health savings accounts (HSAs) got some good news this week when the IRS rolled out the largest contribution limit increases in history. In 2024, an individual with self-only coverage can save up to $4,150 in an HSA, while a… read more…
- Can I Retire at 30 With $1 Million?
Retirement is a massive financial undertaking. But it’s also more flexible than many people believe. At different stages in life, it’s really possible to retire earlier than you might realize. However, retiring at age 30 with $1 million comes with… read more…
- Half of Americans Won’t Be Able to Afford Their Standard of Living in Retirement: Here’s What You Can Do
Will you have to downsize in your retirement? Many families plan to adjust their lifestyles in retirement. They swap the family house, say, for a smaller home. Or they move to a less expensive community. When this is a choice,… read more…
- Almost 8 in 10 People Oppose Raising the Full Retirement Age for Social Security
There’s a reason that Social Security is called “the third rail of American politics” – as in, touch it and die. Most Americans – especially seniors – are fiercely protective when it comes to their retirement benefits. A financial advisor… read more…
- Can I Retire Comfortably With $1.5 Million at 45?
It is possible to retire comfortably at 45 if you have $1.5 million. However, it’s not guaranteed to work. And whether it will for you depends on a number of variables, only some of which you can control. Having to… read more…
- How to Check Your 401(k) Balance
If you started a 401(k) and then forgot about it, you may be wondering how you can check back in on the account and see how it’s doing. In this article, we’ll cover how to check your 401(k), how often… read more…
- What Is a Straight Life Annuity?
A straight life annuity is a form of annuity that makes payments for a single person’s life. It does not pay a death benefit, nor does it pay spousal benefits. The annuity payments end when the beneficiary dies. Here’s how… read more…