Retirement
Latest Retirement News
I’m 64 With $1.2 Million in a 401(k) and $2,800 Social Security Benefit. What’s My Retirement Budget?
For an average single person planning to stop working at 64, a $1.2 million 401(k) account and $2,800 Social Security…
What Are the Social Security Trust Funds?
The Social Security Trust Funds are financial reserves established to support the Social Security program in the United States. They…
How to Save More for Retirement This Year
Saving for retirement is important because it ensures greater financial stability and independence in your later years. As life expectancy…
How to Consolidate Your Retirement Accounts
Consolidating your retirement accounts can simplify your financial planning, reduce fees and provide a clearer picture of your overall savings.…
How to Make a 401(k) Hardship Withdrawal
Facing financial hardship can be an overwhelming and stressful experience, especially when it feels like your options are limited. You…
When I Claim My $3,000 Social Security, Will My Wife Automatically Get a Spousal Benefit?
When you file for Social Security, your spouse becomes eligible for payments known as spousal benefits. However, they won’t receive…
How to Create an Investment Plan for the Retirement You Want
Before you can create an investment plan for the retirement you want, you’ll want to think about your desired lifestyle.…
Should I Take a $250,000 Lump Sum or $2,750 Monthly Payments for My Pension?
Workers with defined benefit pensions may be offered the chance to collect a one-time, lump sum payment instead of monthly…
I’m 62 With $1.6 Million in My 401(k). Should I Convert $160,000 Per Year to a Roth IRA to Avoid RMDs?
Converting your 401(k) to a Roth portfolio will allow you to entirely avoid RMDs. This is a legitimate form of…
10 Signs That You’re Financially Ready to Retire
Determining when it’s time to retire involves recognizing key financial indicators that signal readiness. Signs that show you’re financially prepared…
