- 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…
- 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…