Retirement
Many Americans dream of early retirement, but very few are able to fulfill that dream. According to one study from the Boston College Center for Retirement Research, the average retirement age for college-educated men and women has risen to 65.7 and 62.8, respectively. Building a nest egg for early retirement is not difficult. The equation […]
Small business employees, new parents and working retirees would benefit Retirees could find it easier to create lifelong retirement income using 401(k) dollars Heirs, however, are likely to pay more in taxes to make the cost impact neutral The House recently passed a bill that contains some of the most significant changes for qualified retirement […]
Although we should begin preparing for retirement as early as possible, many start preparing late in life when there is no other choice left. If you are in your mid-50s and are just beginning your emergency retirement plan, here are a few tips to get your retirement on track. Downsize your life Excess, materialistic mindsets […]
Why are many Americans not saving enough for retirement? While there are many explanations, the real reason is that many don’t make enough money. Yes, the world’s richest country is somehow home to many of its poorest, at least relative to the high earners we have. Here are some unpleasant facts about American incomes to […]
If you have retired recently or your retirement is just around the corner, you must keep yourself abreast of the substantial tax implications it entails. Apart from diversification in your investments to reap the maximum benefits, you must also plan for a better tax outcome. To properly manage your retirement taxes you need to look […]
Retirement can mean different things to different people. Some people are forced into early retirement for various reasons, usually budgetary. Millions of Americans were forced to retire early during the pandemic. For others, early retirement seems to be a goal within itself. Some aspire to the FIRE movement, standing financial independence, retire early. FIRE adherents […]
The hard reality of retirement is that most people don’t plan for it until it is too late to be implemented feasibly. Or they don’t exactingly calculate how long their retirement fund will last. About 77% of Americans do develop some kind of retirement plan. However, many don’t start saving money early enough for those […]
The hardest part of retiring is finding a way to live comfortably in a country where inflation and the cost of living rise constantly. The average American retiree needs at least $45,000 to live comfortably in retirement. However, that estimate increases appreciably if you retiree in major and population-dense city centers. And the typical retiree […]
Until you plan everything out, planning is nothing. And while most retirees plan to retire and stop working, many end up working again. More than a third of retirees who vow to never work again end up working again post-retirement for a variety of reasons. If that sounds like it might be you, here are […]
Retirement is supposed to be a time of relaxation and enjoyment, but it can be stressful if you don’t have a solid retirement plan that takes into account inflation. Inflation is the increase in the cost of goods and services over time, and it can seriously impact your retirement savings. In this blog post, we […]
