- Using a Roth IRA Annuity for Retirement
There are different financial vehicles that you can use to save for retirement. A Roth individual retirement account is one option; an annuity is another. A Roth IRA annuity combines features of both into a single financial tool. You can… read more…
- Self-Directed IRA LLC: Investment Guide
If you’re looking for more variety when it comes to investing for retirement, you might consider a self-directed IRA (SIDRA). Self-directed IRAs allow you to invest in the usual suspects—stocks, bonds and mutual funds—but you can also use them to… read more…
- How Long Will $800,000 Last in Retirement?
Saving for retirement is one of the most important parts of securing your financial future. While programs like Social Security can help, they often aren’t enough on their own. This is why it is crucial to have retirement savings of… read more…
- How Long Will $250,000 Last in Retirement?
If $1 million will afford you a comfortable retirement, how far would a quarter of that amount go? It might surprise you to know you can make $250,000 last for decades in retirement. While you’ll need a detailed plan and… read more…
- Here’s How Much to Keep in Stocks, Bonds and Cash in Retirement
There are many different approaches and strategies for retirement investing that might appeal to you. But how do you tell if a certain strategy works for your situation? When evaluating different approaches, consider how each strategy is put together and… read more…
- How Much Interest Does $2 Million Pay Monthly?
For older Americans, living off the interest and returns of your retirement account is how retirement is structured. The goal is that by the time you hit your late 60s you will ideally have enough saved up to coast indefinitely.… read more…
- Will SECURE 2.0’s New Rules on RMDs and Catch-Up Contributions Actually Hurt You?
The SECURE 2.0 Act ushered in a number of consequential changes designed to bolster the American retirement system, including an updated timeline for required minimum distributions (RMDs) and new rules surrounding catch-up contributions. But the National Association of Government Defined… read more…
- What Is a Realistic Rate of Return for Retirement?
Everyone loves seeing growth in their portfolio. However, a good year of investing doesn’t necessarily indicate a sound long-term investment strategy. Generating sufficient retirement income means planning ahead of time but being able to adapt to evolving circumstances. As a… read more…
- IRA Transfer vs. Rollover: What’s the Difference?
Anyone who’s ever put together furniture or hung a picture on a wall knows the difference between a screw and a nail. While they may look alike, they have distinct purposes and applications. The same can be said for an… read more…
- Social Security Taxes Can Hit You Hard in Retirement. Here’s How to Lower Them
Retirement account withdrawals not only help you cover basic living expenses, but they also can fund the lifestyle you’ve always envisioned in your golden years. That money, however, can have unintended tax consequences. Required minimum distributions (RMDs) and other withdrawals… read more…
- Working Longer to Max Out Social Security May Fail Most Workers
The idea of working longer before claiming Social Security benefits sounds like a great retirement strategy. Staying on the job means you can maximize your eventual benefit, continue to save for retirement and avoid tapping your investments to cover living… read more…
- Want to Minimize Retirement Taxes? Don’t Follow This Popular Strategy
If you’re planning on making tax-deferred retirement accounts the last pot of money you tap after retirement, you’ve got a lot of company. And why not? The idea that your 401(k) or traditional IRA can keep growing and churning out… read more…
- Is $6 Million Enough to Retire at 55?
With smart money management, retiring at 55 years old with $6 million could be a breeze. But a lot of work has to go into the strategies you make and the actions that you take. That also includes how you… read more…
- How Long Will $3 Million Last in Retirement?
How long $3 million will last in retirement depends on your spending habits and investment returns. While your spending habits are largely under your control, some costs such as healthcare expenses are not perfectly predictable. Likewise, while you can probably… read more…
- Can You Get a Lump Sum Social Security Payment?
You may be able to choose to receive a single lump sum payment representing six months’ worth of Social Security retirement benefits. The lump-sum option is only available to people who have reached full retirement age without filing to receive… read more…
- Is $5 Million Enough to Retire at 40?
Retiring at age 40 with $5 million means you have a high likelihood of supporting a comfortable lifestyle. This assumes you are a moderately risk-tolerant investor with a diversified portfolio that generates a quality return annually each year. It can… read more…
- Is $5 Million Enough to Retire at 65?
Retirement planning has many elements, but there are two questions that must be answered before anything else can be addressed: What age do you plan on retiring? And, how much money do you need saved to retire at that age?… read more…
- What Is the Accumulation Period of an Annuity?
As you plan for retirement, you may consider buying an annuity. After all, who doesn’t want a guaranteed stream of income when they retire? But there are some things you should know about these investments before you sign on the… read more…
- How Long Will $4 Million Last in Retirement?
Budgeting for retirement can be more challenging than budgeting for life with a job. You start with a number you think will do the trick and hope that unforeseen circumstances don’t drain your savings too early. Similarly, you might not… read more…
- How Long Will $2 Million Last in Retirement?
If you have enough money, you can retire comfortably and never look back. If you don’t, you may have to keep working so the lights stay on and the fridge stays full. On the other hand, it’s a tough question.… read more…
- Fed’s Latest Rate Hike: What Retirees Need to Know
With the recent collapse of two banks serving as a backdrop, the Federal Reserve hiked interest rates another 25 basis points on Wednesday. The decision to raise the federal funds rate to a 4.75-5% target range comes on the heels of the… read more…
- Retirement Home: Cost and Service Guide
A retirement home is a private facility that offers seniors care and support. These facilities typically have amenities and services that cater to the needs of seniors, including meal preparation, housekeeping, medical care and social activities. Here’s a breakdown of… read more…
- Is $10 Million Enough to Retire at 30?
The sum of $10 million might sound like a lot – and to the average person, it is. But what if you want to retire at just 30 years old and potentially live another 40, 50 or even 60 years… read more…
- How to Save for Retirement When Self-Employed
As a self-employed worker or small business owner, your list of responsibilities never ends. Managing your taxes, training new hires and scaling your business can be time-consuming – but what about saving for retirement? Entrepreneurs can aim for comfort and relaxation… read more…
- How Biden’s Veto of Trump-Inspired Bill Could Impact Your Retirement
On Monday, President Joe Biden vetoed a bill that would have effectively banned ESG, or “Environmental, Social and Governance,” investments in tax-advantaged retirement accounts. This veto is the first of Biden’s term in office. It keeps in place a rule… read more…