Retirement

March 11, 2022There are lots of reasons why you might consider buying a home overseas. Perhaps you’ve found the ultimate vacation spot and you want a permanent place to park your stuff. Or maybe the idea of spending your golden years someplace warm and sunny appeals to you. Either way, buying property in a foreign country is… read more…

July 30, 2019One 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…

August 6, 2018Most 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…

February 24, 2026Deciding 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…

November 16, 2021Planning 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…

August 15, 2025More and more seniors are staying in the workforce in their 60s and beyond. Some keep working out of financial necessity. Others want to wait to retire until age 70, when they’ll receive the maximum in Social Security income. Still others stay in the labor force because they derive satisfaction and enjoyment from their jobs.… read more…

April 11, 2017Saving for retirement is a common financial goal, but it’s often easier said than done. A new survey suggests that despite the pressure to plan for the future, retirement savings rates have dropped. Meanwhile, concerns about not having enough money in retirement have risen. If you haven’t saved much for your golden years, keep reading… read more…

May 9, 2023Traveling and volunteering are both great ways to spend your golden years. But some seniors are more interested in starting the businesses they’ve always dreamed of founding. Donning a small business owner’s hat later in life can be rewarding, but it comes… read more…

July 24, 2018Social Security benefits supplement existing savings in retirement and while they’re valuable to many seniors, they’re often misunderstood. In a recent survey, only 28% of participants earned a passing grade when quizzed on their knowledge about Social Security. Here’s a look at the most common things seniors get wrong when it comes to Social Security. Find… read more…

May 18, 2016One of the most challenging aspects of raising teenagers is helping them develop good money management skills. Teaching them how to budget and save can help them build a solid financial foundation. Setting up a custodial IRA can help them start preparing for retirement. Basically, it’s a traditional or Roth IRA that you’ll maintain control… read more…

May 10, 2016Tying the knot means making a commitment to share every aspect of your life with your significant other. As you begin merging your money, one area that requires special attention is your retirement planning strategy. Building a nest egg as a team can be easier than doing it alone if you know which steps to… read more…

September 6, 2023Everyone 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…

February 20, 2020As 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…

April 8, 2025Retirement planning involves making strategic decisions about how to manage your savings for long-term financial security. One option that some retirees consider is converting an IRA to an annuity. This financial move transforms your retirement account from a self-managed investment vehicle into a product that provides guaranteed income streams. While IRAs offer tax advantages and… read more…

November 16, 2022Retirement planning is a hot topic and the research suggests that Americans are overwhelmingly unprepared. According to the Employee Benefits Research Institute, only 22% of workers say they’re very confident about their ability to save enough for a comfortable retirement.… read more…

March 29, 2017What’s your ideal retirement? For the couch potatoes among us, it probably involves lots of big books, television shows and classic movies. Beach bums might envision a spot in the sand with a cool drink and a bit of shade. Others prefer the purpose (and income) provided by entrepreneurship or a part-time job. For many,… read more…

March 18, 2023If 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…

January 8, 2026You probably understand that saving for retirement is important, but you might not know exactly how to get started. Whether you’re able to participate in an employer-sponsored plan or not, contributing to an individual retirement account (IRA) can be a… read more…

January 6, 2026Participating in a 401(k) plan is one of the simplest ways to start planning for retirement. Unfortunately, not all employers offer this tax-advantaged savings plan. If you don’t have the opportunity to invest in a 401(k), you may need to… read more…

August 1, 2019Saving for the future can be intimidating. But you don’t want to put it off or settle for strategies that save you very little. There are plenty of ways to take charge of your finances now in order to enjoy a big payoff later in retirement. So whether you’ve recently started your career or you’re… read more…

May 9, 2023A 401(k) account is one of the most powerful tools you can have when it comes to saving for retirement. If you’re not using yours wisely, however, you could be putting your savings in jeopardy. When you’re focused on creating sustainable,… read more…

March 6, 2026Building 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…

September 1, 2023Choosing 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…

January 13, 2023When you think “golf” do you think of executives doing business on the links or wealthy retirees? If so, you might have a good reason for associating golf with money. The sport is big business, from the manicured courses to… read more…

August 29, 2023Thinking 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…