Retirement Planning

April 24, 2024Aging gracefully is a common goal, but more and more Americans are discovering that the key to a satisfying retirement typically lies in a diligent financial planning process. Finding the right strategy can often lead to more retirement income and give you the golden years you’ve hoped for. This is why we’ve put together a… read more…

March 3, 2026Whether $2.5 million is enough to retire at 50 depends on your situation, financial goals and expected lifespan. Other factors like healthcare costs, inflation, market downturns and estate planning needs will also factor into the equation. We’ll look at the key factors and how someone retiring at 50 with $2.5 million might build a sustainable… read more…

October 15, 2025The decision to downsize to a smaller home for retirement is a highly personal one, depending largely on the individual’s financial goals and desired lifestyle. Downsizing can lower your cost of living so you can pursue a better lifestyle. However, it can also be a difficult adjustment, with potential impacts to your tax situation and… read more…

July 16, 2026Getting a head start on saving for retirement is a good idea if you want to enjoy a comfortable lifestyle. However, that’s not always realistic and it’s possible that you might be retiring with little savings. For example, you might only have $150,000 or $200,000 saved. How long will $150,000 last in retirement? The answer… read more…

September 17, 2026One million dollars is a lot of money for most people. You might even think that’s plenty of money for retirement. But how long will $1 million last in retirement? The answer can depend on your retirement age, life expectancy, and lifestyle. For some people, $1 million may be more than enough for a comfortable… read more…

July 13, 2023Retirement can seem like a faraway goal until all of a sudden, it’s not. When you only have a few years left until you retire, the financial decisions you make take on a new importance. Once you’re inside the five-year window, that’s a good time to review your plan to make sure you’re on track.… read more…

October 8, 2026How long $700,000 lasts in retirement depends largely on how much you need to withdraw from the portfolio each year. Social Security, pensions and other income can reduce those withdrawals, while inflation, taxes, healthcare costs and market declines can put additional pressure on your savings. For example, withdrawing $28,000 in the first year represents a… read more…

July 9, 2026Whether $500,000 in retirement savings lasts for decades or is depleted much sooner depends largely on individual circumstances. Spending patterns, investment returns, retirement age and inflation all play significant roles in determining how long those assets may provide income. Evaluating these variables can offer clearer insight into the sustainability of your savings. A financial advisor… read more…

July 9, 2026If you’re approaching retirement with $750,000 in savings, one of the key questions to consider is how long that amount can support your lifestyle. The answer will depend on several factors, including your annual spending, cost of living, investment approach and overall financial goals. While there is no universal timeline, evaluating your withdrawal rate, expected… read more…

March 3, 2026Retiring at 30 with $2 million may sound like the ultimate financial independence milestone, decades of freedom while most people are just building their careers. But stepping away from work that early means your savings may need to last 50 years or more. Even a sizable nest egg can face pressure from inflation, market volatility… read more…

July 13, 2023After the traditional 60/40 stocks-bonds portfolio dropped roughly 20% of its value last year, many Americans are looking for other ways to protect their wealth against inflation with more diversified investments, including gold and precious metals. Here’s what you need to know. If you’re looking for ways to protect your portfolio from inflation, a financial… read more…

July 11, 2023The 4% rule has long been considered the gold standard for withdrawing money from your accounts in retirement. This guideline suggests drawing 4% of your retirement savings per year, adjusting for inflation, to keep a healthy enough nest egg to retire sustainably. But personal finance expert Suze Orman says times have changed and this rule… read more…

July 7, 2026Understanding the longevity of your retirement savings requires a comprehensive approach that considers inflation, healthcare costs and potential market fluctuations. Whether you started saving later in life or recently took a hit in your 401(k), a $200,000 retirement goal can be sufficient to last during your golden years. You’ll have to consider things like determining… read more…

June 26, 2023Financial jargon is so confusing that 34% of Americans say they “don’t know where to start” when it comes to retirement planning, according to a new survey from Unbiased.com. In fact, the analysis found that the majority of adults say… read more…

June 22, 2023BlackRock, one of the world’s largest financial firms, says three key moves can sharply boost retirement income. Most people focus on building up their savings when they make retirement plans. However, by also focusing on the drawdown phase, the duration… read more…

March 12, 2026Retiring at 40 may sound like a dream come true, but even with $4 million in your bank account, it’s important to have a plan for the future. You’ll need to plan out the next half of your life with… read more…

June 19, 2023Retirement can last 30 years or longer, which requires more assets than many people may realize in order to keep up with increases in the future cost of living. The study we detail throughout this article that was conducted by the Center for Retirement Research at Boston College found that high-earning households are the most likely… read more…

June 15, 2023The Federal Reserve is pressing pause on its series of interest rate hikes designed to tame inflation – for now at least. The Federal Reserve Open Market Committee announced Wednesday that it would leave the federal funds rate unchanged, forgoing… read more…

September 7, 2023Since the mid-1990s, inflation has stayed very close to the Federal Reserve’s benchmark of 2% per year, often dipping much lower than that. The upshot has been a long run in which prices have changed little from year to year,… read more…

June 13, 2023With a possible recession looming, 40% of women investors feel the U.S. economy is already in a financial crisis, with another 24% convinced that the country is on the brink of a downturn. With all that in mind, it’s no… read more…

June 7, 2023If you’re saving for retirement, a broad market index portfolio is typically a good option. Investing in a target date fund or S&P 500 index fund, for instance, are low-cost ways to gain broad market exposure. However, newly published research… read more…

December 31, 2025Contributing money to a traditional or Roth IRA can help you save money for retirement on a tax-advantaged basis. Should you make a mistake with contributions or change your mind about them, IRA recharacterization allows you to correct it. Recharacterizing… read more…

March 6, 2026Retiring at 40 really can mean enjoying retirement in your (relative) youth. The question is, what does it take to make that possible? If you are lucky enough to have set aside $10 million, can that get the job done?… read more…

September 6, 2023While retirement may be associated with leaving the workforce behind, most Americans plan to work past the age of 65. In fact, a 2022 study from the Transamerica Center for Retirement Studies found that around 57% of workers plan to… read more…

July 15, 2026Retiring when you’re in your 60s or younger is the goal for every worker. But can you retire comfortably at the age of 65 with $1 million? For some people, yes. But the true answer is that there is no… read more…