The U.S. ranked as the 16th best country to retire in for 2020, right in the middle of the pack when it comes to retiree conditions around the world. The following year, the U.S. dropped on the list, ranking as the 17th best country to retire in for 2021. In 2020 and 2021, the world […]
Read MoreMany people find themselves outside of the formal workforce from time to time. Some end up unemployed by choice while others find themselves without work because of layoffs. These individuals have several options available to them in order to keep the income flowing. For instance, some may join the gig economy while others try consulting, […]
Read MoreReady for today’s retirement investing pop quiz? What’s the single most consequential thing you can do to improve your chances of not running out of money in retirement? I’ll try answering this question in a minute, but I’ll note first that chances are good that this question isn’t just hypothetical but applies to you personally. […]
Read MoreRetirement Bucket Strategy The main goal of most investors is to garner enough money in the market to fund their retirement years. Yet, many investors are unsure of how to properly pull money out of their accounts once they’re actually in retirement. The retirement bucket strategy is one of the many withdrawal strategies that investors […]
Read MoreThe withdrawal rules for Roth individual retirement accounts (IRAs) are generally more flexible than those for traditional IRAs and 401(k)s. Still, you’ll want to do your homework before making any Roth IRA withdrawals. If you don’t meet certain requirements, you could end up owing taxes and a 10% early withdrawal penalty. Key Takeaways Withdrawal rules […]
Read MoreRetirement is a topic that regularly makes headlines, and not all of them are encouraging. Americans are living longer than ever before. However, if you assume most people are saving more to prepare for their longer-term needs, you’d be mistaken. Here are some of the more startling truths about retirement in the U.S. Key Takeaways […]
Read MoreIf you want to get your new year off to a good start, try some quick and easy money moves to make yourself richer and fatten your retirement account. And don’t sweat the small stuff, because over time even minor savings can add up to big gains. Check out the chart above. It’s based on stock […]
Read MoreThis article is reprinted by permission from NerdWallet. Many people don’t have much choice about when they retire. Illness, job loss or caretaking responsibilities push them out of the labor force, ready or not. But some people have the opposite problem: They do have a choice, and yet they can’t quite bring themselves to quit […]
Read MoreFor most, debt is unavoidable during at least one point in their lives – whether it should be in retirement, however, is highly debatable. There are two types of debt: “good” debt and “bad” debt. Broadly speaking, good debt is for necessary, reasonable purchases that will improve your life, such as a low-interest debt for […]
Read MoreEnvisioning a retirement by the beach, or with a relocation? It all takes planning, and there are plenty of tools to help with that. Retirement Tip of the Week: If you’ve decided to get serious about planning for retirement, no matter your age, think through what you will need then and how to get there. […]
Read MoreHow to invest your retirement money. After years of investing for retirement, how to invest money after retirement should be straightforward. But as with most “shoulds” in life, what should be one way is actually another. Investing after retirement is anything but straightforward. Retirees have to juggle finding safe investments to protect their income streams […]
Read MoreWondering how to retire early? Lots of people would like an early escape from the rat race, whether it is to travel, pursue a passion project, start a business, volunteer, or just stop working. However, retirement planning is tricky enough when you plan to work until your full retirement age. It is even more so […]
Read MoreMany financial professionals will, for a fee, help you navigate your way to and through retirement. But using a financial advisor isn’t mandatory. If you can’t afford, don’t trust, or otherwise would prefer not to use an advisor, managing your retirement is always an option. You have to map out a sensible plan and be […]
Read MoreSome lawmakers have predicted bankruptcy for Social Security, pushing cuts in benefits or even privatization of the program to ensure its survival. What’s more, the latest (2021) annual report from the Social Security Board of Trustees suggests things have weakened with Social Security since the start of the COVID-19 pandemic. However, there might be some […]
Read MoreAn Allianz survey found that Americans view rising inflation as the biggest risk to their retirement plans. Rampant inflation and rising consumer prices aren’t just impacting Americans’ finances today, it’s worrying them about tomorrow. Americans now view inflation as the biggest financial threat to their retirement plans, according to a recent survey conducted by Allianz […]
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