- Indexed Universal Life (IUL) vs. Roth IRA
If you’re torn between getting a life insurance policy and investing in the stock market, an indexed universal life (IUL) policy can serve both purposes. This product provides a death benefit to your heirs and returns based on index fund… read more…
- Would You Pay an Extra Tax to Save Social Security? Here’s What Experts Think
The projections for the solvency of Social Security a decade from now are not good. And if something isn’t done, the trust funds for Old-Age and Survivors Insurance (OASI) and the combined Old-Age and Survivors Insurance and Disability Insurance (OASDI)… read more…
- More Workers Worry They Can’t Afford to Retire
Americans are not feeling good about their financial standing when it comes to preparing for retirement. Workers and retirees are nearly as worried about making their retirement money last as they were during The Great Recession, according to a new… read more…
- Can You Lose Money in a Roth IRA?
A Roth IRA gets favorable tax treatment that can help you accumulate funds for retirement. Despite the advantages, you can lose some or all of the money you put into a Roth IRA. One possible reason for a decline in… read more…
- How Many Years Do You Have to Work to Retire?
The basic concept of retirement is straightforward. If you work a certain number of years and then you are able to stop working and simply enjoy life. What’s not so simple is knowing how many years you have to work… read more…
- How to Determine Your Retirement Lifestyle
There’s a lot to consider when it comes to retirement planning, starting with what kind of lifestyle you’d like to enjoy. For some retirees, it involves travel. For others, it can mean moving to a new location to be closer… read more…
- How to Retire in 20 Years or Less
Planning for retirement is a massive and complicated undertaking. The details of what’s possible depend entirely on your personal circumstances. So if you’re asking yourself how you can retire in 20 years or less, that is a loaded question. Twenty… read more…
- What Does Aging in Place Mean?
As you’re heading toward retirement, there are a variety of terms you may come across. Annuities, required minimum distributions and full retirement age — all of these things to consider can feel overwhelming. Aging in place may be a term… read more…
- Understanding How a Qualified Income Trust (QIT) Works
A qualified income trust (or QIT) is a special form of trust designed to help people receive long-term care benefits under Medicaid. It is intended for people who make too much money to receive long-term or residential-care benefits under the… read more…
- How to Retire at 67: Step by Step Plan
If you were born after 1960, your full retirement age (FRA) is 67, according to the Social Security Administration. When we think about retirement, most of us imagine retiring at our FRA, even though we may dream about retiring earlier.… read more…
- 5 Retirement Planning Tips for 2025
Are you prepared for retirement? With longer life expectancy, rising healthcare costs, and the possibility of Social Security insolvency the pressure to prepare is mounting. To help you navigate the process, here’s an overview of the key factors you should… read more…
- Bad News: The Next Social Security Cost-of-Living Adjustment Could Be Just 3%
As inflation has reached highs over the past year, retirees are spending more. And as a result, their Social Security benefits are increasing. The cost of living adjustment (COLA) is 8.7% in 2023, according to the Social Security Administration. And as… read more…
- Three Tips to Make the Most of Your IRA
An individual retirement account (IRA) is a very popular way to save for retirement — especially if you don’t have access to a workplace retirement account like a 401(k). While there are several important decisions to make when saving with… read more…
- How to Convert After-Tax Dollars From 401(k) to IRA
Contributing after-tax dollars to a 401(k) might appeal to you if you’d like to be able to withdraw funds tax-free in retirement. Should you decide to leave your job you might be wondering if it’s possible to roll over an… read more…
- How 401(k) Automatic Enrollment Works
If your employer’s 401(k) plan has auto-enrollment, you’ll automatically start making contributions to your account once you’re eligible. Under a federal law enacted in 2022, most new 401(k) plans must auto-enroll all eligible employees starting in 2025. Existing plans don’t… read more…
- What Is the Minimum Age for a Roth IRA?
Dollar for dollar, a Roth IRA is almost always the best retirement account you can have. They have lower contribution limits than a traditional 401(k), but other than that the advantages of this after-tax account can’t be beaten. If you… read more…
- What Is a Certified Aging in Place Specialist?
Certified aging in place specialists (CAPS) offer services to seniors and older adults as home remodelers, healthcare professionals and home care providers. These services have grown in popularity among those who want to maintain their dignity and independence as they… read more…
- How Millennials Can Rescue Their Retirement
With rising costs and decades-long wage stagnation in the United States, saving for and affording retirement is challenging for all Americans — and millennials are no exception. A combination of student loan debt, the hot housing market and inflation have… read more…
- State Street Rolls Out New Way to Add Lifetime Retirement Income to Your Target Date Fund
There’s a new way to add a lifetime income stream to your retirement plan. State Street, the world’s fourth-largest asset manager, is joining Annexus Retirement Solutions and Global Trust Company to launch a new series of target-date funds that have… read more…
- Is $6 Million Enough to Retire at 50?
If you save up $6 million by age 50, you’ll position yourself for a long, comfortable retirement. However, you’ll still need to navigate taxes, income calculations and economic forces, all of which can create financial pressure during your golden years.… read more…
- How Can I Protect My IRA From Medicaid?
While you might not imagine yourself saving up for retirement only to transfer your IRA to a nursing home or the government, this situation can become a reality for retirees who don’t prepare for this possibility. Fortunately, you can protect… read more…
- Life Insurance vs. Roth IRA: Retirement Guide
When choosing where to set aside money for retirement, you need to weigh your options carefully. You’re likely going from one main income source to multiple smaller income sources when you retire. You may also want buy some security for your… read more…
- Renting in Retirement: Guide
There are multiple ways to retire. You may choose to pay off your home and live in it as long as possible. Or, if you own your home, you can cash in on its equity and use it to fund… read more…
- Can I Retire at 45 With $10 Million?
Even people who love their job would most likely agree that its better not to work than to have to clock in every day. With that in mind, many Americans are looking to retire much earlier than the traditional age.… read more…
- Is $3 Million Enough to Retire at 40?
Depending on your goals and plans, $3 million can be enough to cover early retirement at 40. However, certain factors will affect whether $3 million is enough. For example, your retirement needs and life expectancy play a big role. Here’s… read more…