Retirement can be a big change for a lot of people. And it's not always a positive one. It's not uncommon to eagerly anticipate retirement, only to wind up bored and stressed about money once that milestone rolls around. That's why a partial retirement could be a good bet. Here's...
There are many different financial accounts out there that you can use to accomplish both big and small goals. It can be confusing to decide on the right place to put your dollars because of it. A savings account is one option you have available, but it's not the ideal choice for all...
Last week, the Senate Finance Committee approved the Enhancing American Retirement Now (EARN) Act, moving closer to a potential agreement to reform retirement savings this year. That is one of several proposals recently introduced—including the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act (RISE &...
The most recent report from the Social Security Trustees was a mixed bag. On a positive note, the Trustees pushed back the date at which the program's trust funds are expected to run dry from 2034 to 2035, buying seniors one more year without having to worry about benefit...
The best advice you can get about preparing for retirement might be from those who've already done it: retirees. In a new study from the independent Employee Benefit Research Institute (EBRI), called Retiree Reflections(PDF), retirees share insights about their past financial decisions and current financial worries like inflation. For instance, more than...
Most people have dreams of a relaxing retirement. Maybe it's one spent golfing with friends, traveling the world or just living comfortably without having to work or tend to other unwanted tasks. But how much does it cost to achieve those goals? According to the 2022 Retiree Reflections Survey from...
Tesla CEO Elon Musk recently predicted that the U.S. economy would dip into a recession soon. Speaking at the Qatar Economic Forum, Musk said characterized recession as "more likely than not" in the near term. Say Musk turns out to be right: How would that affect your ability to save...
Given the tumultuous start to the year for the S&P 500, it's no wonder retirees and pre-retirees are nervous about the prospect of entering a prolonged bear market. Combine poor stock performance with a low-yielding bond environment and the possibility that Social Security reserves may deplete, and there is...
Claiming Social Security before full retirement age (FRA) has consequences – namely, that you'll get stuck with a lower monthly benefit for life. That's why some seniors expressly aim to wait until FRA to file for benefits to avoid that fate. But what if you're forced into early retirement? You...
How do you know when you can retire? The answer seems simple: When you have enough income coming from your investments and other sources to sustain your lifestyle. The problem for many retirees and those who are starting to think about retirement is they don’t have a firm handle on...
error: Content is protected !!