The best part of retirement planning is the wide variety of options. No matter what your situation, preferences, or tolerance for risk, you can find a way to organize your finances to set yourself up for a comfortable retirement. The…
Saving for retirement is important for everyone. It’s difficult to live off Social Security benefits alone, so most people will need to supplement their retirement income with their own savings. Many people have access to retirement plans like 401(k)s through…
Whether your retirement is fast approaching or decades away, it is likely that you do not spend much time pondering what will happen when you stop working. Unfortunately, many people are unable to retire when they’d like to because of their…
How much do you need to retire? How much money can you pull out of your nest egg every year in retirement without worrying that you’ll run dry? At the core of both questions is the concept of safe withdrawal…
“Income” and “wealth” have incorrectly become synonymous in American culture. While the two concepts often go hand in hand, using the terms interchangeably is misleading. America’s most wealthy individuals don’t necessarily draw the highest levels of income. For example, while…
While saving for retirement is important, there are times when it makes sense to delay making investments. Most people invest for retirement in a tax-advantaged plan such as an IRA or 401k with early withdrawal penalties and adverse income tax…
While there are a variety of investment options available to everyone, an astute investor must practice good fundamentals to control risks and optimize potential returns, including taking the time to be informed. As stated by Peter Lynch, renowned manager of…
When you’re young, it feels like retirement is so far away. And there are competing priorities for your money, like vacations, saving for a house, or buying a new car. It’s no surprise the Federal Reserve found that only 37% of adults…
Saving for retirement isn’t always easy, but there are significant income tax benefits to low- and moderate-income families who choose to prioritize these long-term savings. The Retirement Savings Contributions Credit (otherwise known as the “Saver’s Credit”) is a tax credit designed to…
Every few months, it seems, yet another study comes out warning that Americans aren’t saving enough for retirement. Each study is followed by a flurry of tsk-tsking articles urging people to put more money into their 401(k) plan or other workplace…
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