Category: Retirement
How the Biden Administration’s Secure 2.0 Act could affect your retirement
The $1.7 trillion federal government spending package recently passed by Congress and signed into law by President Biden includes a collection of provisions that will …
457 vs 401(k): What’s the real difference?
Depending on where you work, you may be able to save for retirement in a 457 plan or a 401(k). While any employer can offer …
Want to retire at 50? Here’s how to make it happen
Congratulations! You’ve made the most critical step in the entire process – searching out how to become financially independent. In my book, I explain how …
Even if you can retire at 62, should you really do it?
Planning to retire at 62 is worth considering, but whether it’s a realistic goal depends on how much you’ve saved, your anticipated living expenses, and …
When should you really file for Social Security?
Deciding when to apply for Social Security can be a complicated math problem, one that has a different answer for each person depending on their …
We’re 56 and have less than $250K in savings. Can we still retire at 65?
It’s a question that everybody who isn’t a multi-millionaire finds themselves asking. How much money do I need to have saved to retire comfortably? …
The average American retiree has this much cash, but is it enough?
Retirement is a financial goal most of us think about. At some point, everyone will be forced to leave the workforce for good. But, how …
Average net worth in every state
The average net worth of Americans is $748,800, according to the Federal Reserve’s most recent Survey of Consumer Finances released in September 2020. Meanwhile the median …
How to cope with financially unstable parents
How old were you when you realized your parents struggled with money? I was five: crouched on the top stair, listening once again to my …
Low-stress jobs that are perfect for retirees
Retirement should be for pursuing all those lifelong dreams you never had time for when you were working. A round-the-world cruise, driving across America in …
Dreaming of moving to Italy? Check out these coastal towns
Italy boasts the best beach and coastal towns anyone would dream of calling home. This country has so many great areas to live in, it can …
Medicare open enrollment 2023: Everything you need to know
During Medicare open enrollment, you can join, switch or drop a Medicare health plan, prescription drug plan or Medicare Advantage Plan. This fall, the Medicare open …
11 smart & simple ways retirees can save cash
If your work days are in the rearview mirror now, you may be enjoying your retirement but also wondering how you might bring in a bit …
What to do with your retirement during a bear market
Grin and Bear It There’s no sugarcoating what’s going on with the market. Both stocks and bonds are trading in bear market territory, which means …
5 smart ways credit cards can help you save for retirement
Whether you’re new to saving for retirement or an old pro, you can use your credit card for funding your IRA or other retirement accounts. How …
IRS boosts max retirement contribution limit. Here’s what to know
Following adjustments made to tax brackets in 2023, the IRS instituted record-breaking increases to the contribution limits for 401(k) and other tax-deferred retirement plans. Starting …
7 Roth IRA secrets you’ll wish you knew sooner
The Roth IRA is a popular retirement account, and it’s incredibly easy to see why. Yes, you have to invest in this account with after-tax …
Is it really OK to use your 401(k) to buy a home?
Withdrawing money from a 401(k) to buy a house may be allowed by your company-sponsored plan, but this tactic is not always advisable, especially for …
This country has the most seniors in the world
In terms of larger countries, Japan has always been at the forefront concerning the share of residents aged 65 or older, with more than 86,000 centenarians …
Don’t know when you’ll retire? Here’s how to plan for it anyway
Most people, even people who love their jobs, are working toward the day when they can stop working. Saving for retirement is a pillar of …
The best country for retirees to grow old in
Norway is the best country for retirees. In this year’s Global Retirement Index by investment bank Natixis, the Scandinavian country takes first place. For the ranking, 44 …
Is a 401(k) really the best retirement account for you?
Is a 401(k) plan worth it? This is a question on the minds of many people trying to decide if this retirement account offered through their …
Retiring soon? These money tips can help
I think I qualify as a near-retiree. Frankly, I could afford to stop working now, if we were willing to give up our dream …
What to do when you don’t know what to do with your life
When you’re thinking I don’t know what to do with my life, it’s natural to feel lost and uncertain. This can be a difficult time, …
Man takes his grandma on adventures of a lifetime
Brad Ryan and his grandma Joy Ryan weren’t always close. Though they had a tight bond through his childhood, Brad’s parents’ divorce had been difficult …
Teachers: What to consider before quitting your job
Is it Time to Leave Your Teaching Career? If you are considering leaving the classroom, you are not alone. Record numbers of teachers are burning out and …
Retirement during high inflation: A how-to guide
Inflation and retirement are two words that don’t go well together. Given the current economy, you might be convinced that you’ll never retire and will …
Should I roll my pension into an IRA?
When you leave your job, you have a few options when it comes to your pension. You can take the pension payout over your lifetime, …
Study offers clear picture of US retirement savings
aving for retirement is one of the most important financial decisions a working adult can make. But a new study by Anytime Estimate shows that many people …
The best states for retirement if you care about taxes
Many people consider relocating in retirement in order to reduce their cost of living and make their savings last longer. When weighing the pros and cons …
