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Retirement

Aug 20, 2018 Around half of American households have no retirement accounts at all. No 401(k)s, no IRAs, nothing. You might think that's because they're all expecting pension income in retirement. In fact, according to the Government Accountability Office (GAO), around 29% of households age 55 and older have neither retirement savings nor a pension. It doesn't paint a pretty picture.   Read More...

Aug 20, 2018 Wondering how your retirement savings stack up to other Americans' nest eggs? Or whether your income in your post-work years will be enough to keep you afloat? It's normal to be curious about the average retirement income in the U.S. Just remember that you need enough in your retiree days to meet your own needs, not to keep up with the Joneses. Read More...

Jul 24, 2018 If you're looking for a solid place to hold your retirement savings, a Roth IRA might just be the thing. Roth IRAs provide a great way to save for retirement. The money you contribute to the account is able to grow tax-free and you have flexibility with how you manage your money. If you've decided that you're ready, let's walk through how to open a Roth IRA. Read More...

Mar 14, 2017 You may be planning to spend your retirement playing golf or traveling the world. But if a financial disaster strikes, you'll have to find a way to bounce back from it. While you can't necessarily prevent an emergency from happening, there are ways to prepare yourself for a rainy day. Let's look at some situations that can derail your retirement plans and the steps you can take to deal with them. Read More...

Dec 14, 2018 It’s easy to understand why a Jamaican retirement would be attractive to many people. Anyone who's enjoyed Jamaica's beaches, lush greenery and beautiful weather could see the appeal of living out their golden years in the country. There’s no denying, though, that Jamaica lacks many of the amenities and resources of a more developed country like Spain or Switzerland. If you have your heart set on a Caribbean retirement, here's what you need to know. Read More...

Dec 12, 2018 Perhaps the generic portrait of a retiree lounging on a beach isn’t quite your thing. Instead, you might be considering going in the opposite direction and  living in Alaska for retirement. In addition to the state's abundant natural beauty, you'll also enjoy a relatively low tax burden. We crunched the numbers to figure out the best cities and towns in the state for retirees. Read More...

Dec 11, 2018 Thinking of retiring in Ohio? Many cities in the Buckeye State are ideal for retirees, with low tax burdens, a high percentage of senior residents and plenty of access to recreation and a healthcare. We crunched the numbers to figure out the best places to retire in Ohio. Read More...

Dec 11, 2018 A retirement in the Empire State doesn’t have to mean shelling out all your retirement savings for a tiny apartment. You’ll find all the best places to retire in New York in Long Island, north of the city or way upstate. And while you do have to watch out for New York taxes, the upside is you’ll generally have great access to medical care. Read More...

Dec 10, 2018 Germany has become a popular destination for American retirees due to its reasonable costs, excellent healthcare system and well-kept infrastructure. The weather may not be on the level of Thailand or Portugal, but if you don’t mind some chilly winters, Germany could be the retirement destination you’re looking for. Read More...

Dec 10, 2018 Thinking of retiring in Maryland? You'll find plenty of company in the following cities and towns, which generally have large populations of senior citizens living there. You'll also have the peace of mind of being near ample medical facilities. Where Maryland falls short, however, is its relatively high tax burden rates. This means you might need to save a little more for retirement and perhaps work with a financial advisor to make sure your nest egg will last through retirement. Read More...

Dec 10, 2018 If you’re looking for a tax-friendly retirement, Nevada is one of the places to be. It’s very tax-friendly toward retirees, with no state taxes on income or Social Security benefits. Withdrawals from retirement accounts and public and private pension income are also not taxed. This can leave a lot of extra cash to live a comfortable retirement - or to take to Las Vegas and try your luck! If you'd like to retire in Nevada, you might find the following cities particularly appealing. Read More...

Dec 06, 2018 The best Roth IRAs offer a range of funds, low fees and digital tools to help you plan for retirement. We gathered data on the entire Roth IRA universe and found the best ones. These can suit a range of investors, from the more independent to those who want to leave the investment decisions to a trusted financial advisor. Read More...

Dec 10, 2018 The best IRAs offer robust investment menus, low fees and a wealth of tools to help you save for retirement. SmartAsset gathered data on the best IRA providers to help you find the one that’s right for you. We also broke down our list based on which providers would be best for do-it-yourself investors or those who want some guidance. But first, we’ll give you a quick overview of IRAs and their benefits. A financial advisor can also help you invest in one like a pro. Read More...

Dec 04, 2018 A division of Regal Securities, Inc., eOption was created in 2007, designed to offer a more affordable way to trade options. You’ll find the lowest options commission charges here. You’ll also find a convenient trading platform, eOption Trader, with various tools and interactive features to help you trade smarter and faster. Read More...

Nov 29, 2018 Americans look forward to their golden years, but saving for retirement can be an intimidating undertaking. The long-term nature of this type of financial planning calls for good decision-making, so simplifying it is of the utmost importance. In this article, we delve into two of the most prominent retirement investment vehicles: annuities and IRAs. Read on to determine which is best for you. Read More...

Nov 30, 2018 They say it’s better to give than to receive. But when you’re the one doing the giving, there are some things that you'll have to take into account, like the gift tax and the lifetime gift tax exemption. It’s important to know how the laws surrounding the gift tax work so that you don’t end up with any surprising tax bills or other issues. When giving sizable gifts, it's important know about the lifetime gift tax exemption. This looks at how your gifts accumulate over the course of your lifetime. Read More...

Nov 28, 2018   The Social Security Administration (SSA) is an enormous organization, and the decisions it makes regarding your benefits can have a big impact on your finances. It’s not unusual to feel overwhelmed when you’re applying for benefits or appealing a decision. In some circumstances, you can benefit from having a qualified individual such as an attorney represent you before the SSA. To establish this kind of representation, you’ll need to complete Social Security Form SSA-1696-U4. Read More...

Nov 27, 2018 Most people have heard of traditional IRAs and Roth IRAs. Both are vehicles for saving money for your retirement, separated only by their tax treatment. There are two other types of individual retirement accounts, though, that aren't as common: the SIMPLE IRA and the SEP-IRA. Read More...

Nov 27, 2018 When you enroll in Medicare part B, the premiums you pay are partially dependent on your income. If your income is above a certain threshold, you'll have to pay higher premiums; this higher premium amount is known as your income-related monthly adjustment amount (IRMAA). However, incomes can change from year to year, so you need a way of notifying the Social Security Administration (SSA) if your income changes. The way to do this is with Social Security Form SSA-44. Read More...

Nov 26, 2018 Whether you take an aggressive or conservative approach to investing, your asset allocation is likely to include some bonds. When reading about or researching bonds, you’ll hear about duration, an important metric that investors use when deciding whether or not to invest in certain bonds. Here's what duration tells you about a bond and its suitability as an investment. Read More...

Nov 26, 2018 Applying for Social Security disability benefits can be a long process. It can involve interviews, multiple applications and sometimes rejections and appeals. The Social Security Administration (SSA) needs to determine both that your injuries or conditions are actively preventing you from working and that they’ll continue to do so for some time. To determine this, the SSA needs a lot of information from you. One way you provide this information is through Form SSA-3373-BK. Read More...

Nov 21, 2018 When you seek assistance from the Social Security Administration (SSA), it will make a decision on whether you’re eligible to receive that assistance. The SSA may also make decisions about any assistance you’re already receiving. If there’s ever a point where you disagree with one of these decisions, you can attempt to appeal it. To do that, you'll use Social Security Form SSA-561-U2. Read More...

Nov 21, 2018 Most Americans enroll in Medicare part A when they turn 65. Since it comes at no cost to you (provided you've paid Medicare taxes), there’s little reason not to. However, not everyone chooses to enroll in part B, as it comes with monthly premiums. If you decide to enroll in part B after already being enrolled in part A, you’ll need to apply with form CMS-40b. Read More...

Dec 03, 2018 If you work for a public school or some kind of non-profit organization, you may have access to a 401(a) or a 403(b) plan. Both are retirement savings vehicles that offer major tax breaks. However, they are structured a bit differently. We’ll define both plans, as well as explain the pros and cons of each. We can also help you find a financial advisor to help you create a personalized retirement-planning roadmap. Read More...

Nov 20, 2018 The process of applying for Medicare benefits is more complicated than it may initially seem. If you want to apply for a portion of Medicare insurance called Medicare Part B, you can only do so during certain parts of the year. If you plan to apply during what’s called a Special Enrollment Period (SEP), then you’ll need to fill out and send in a Form CMS-L654 as part of your application. Read More...

Dec 03, 2018 Going through a divorce can be one of the most difficult experiences you'll ever experience. But it doesn’t have to ruin your financial future. There are certain steps you can take to protect your nest egg during divorce proceedings, and we’ll cover each one. A financial advisor can also serve as a valuable asset as you split property and financials in a divorce. So let’s start by examining how 401(k) assets are split from a legal standpoint in a divorce. Read More...

Nov 20, 2018 If you’re self-employed, you may be weighing the SEP IRA vs. Roth IRA decision. Both are tax-advantaged savings vehicles that provide particular benefits. But before we explore those and compare them, it's necessary to unpack who can invest in each and what the contribution limits are so you can make the best choice for your needs. Of course, you can always find a financial advisor to help you invest in a retirement plan that’s right for you. Read More...

Nov 19, 2018   From time to time, you need to provide information or records about yourself to another party - for instance, a doctor or insurance company. When this happens, you’ll need to ensure that all the information is accurate. You can request that the Social Security Administration (SSA) send your information or records directly to the third party by consenting for its release with Form SSA-3288. Read More...

Nov 20, 2018 Perhaps you lived your 20s without a care in the world. But once you reach your 30s, it’s time to start building wealth and getting serious about money. That can including everything from ramping up your  retirement saving and planning to grappling with your debt and credit issues. Following these tips can help you get on track with your finances and build wealth in your 30s. Read More...

Nov 16, 2018 The best places to retire in the U.S. are scattered across the country from coast to coast, and though they vary in climate and geography, they all tend to excel in particular areas. Cities with low tax burdens, easy access to health facilities, a high percentage of senior citizen residents and entertainment opportunities pepper the top of this list. Whether you want to spend retirement on sandy beaches or with the wilderness as your backyard, you can find what fits your lifestyle for your golden years. Below, you can discover which locations are best for retirees, how they'll affect your finances and how they stack up in terms of the healthcare and recreational offerings. You can also Read More...

Nov 15, 2018 Since electronic funds transfers (EFTs) have become commonplace, direct deposit has overtaken the mailing of paper checks as the most popular way to receive recurring payments.  Before you can get direct deposit payments, though, you'll need to fill out a form providing the payer with your personal and banking information. If the party sending you direct deposit payments is a government agency, the form you need to fill out is SF-1199a. Read More...

Nov 14, 2018 An annuity is good way to supplement your retirement savings to ensure your golden years are as smooth as possible. By locking in a fixed monthly income in exchange for an upfront payment, you can make sure that you’ll be able to handle all of your bills and expenses when you are no longer working. If you decide to buy an annuity for your retirement, you'll likely want to know what the future value of annuity is — or, in other words, what the total value of your annuity payments will be at any given point in the future. Luckily, there's a future value of annuity formula to figure that out. Read More...

Nov 14, 2018 The best retirement communities in Tennessee offer a range of amenities to backdrops like breathtaking mountains. You can also reside in luxurious homes with most maintenance costs covered by homeowners association (HOA) fees. Below, we cover the best retirement communities in the Volunteer State along with everything you can expect. This includes the price tag. But to make the most out of these great communities, you need careful financial planning. A financial advisor can provide expert guidance. You can use our free SmartAsset financial advisor matching service to find one. Read More...

Nov 13, 2018 If you're considering a move to California, you might be wondering how much you can expect to earn and what the average salary in California is. A lot of factors go into determining how much money you'll make no matter which state you live in, of course. Your chosen field and level of experience both play into how much you can expect to earn from your job. The area of the state in which you live will also impact your paycheck. You should take all of these factors into account when figuring out how much you can expect to earn in the Golden State. Read More...

Nov 13, 2018 Your Social Security number is an essential piece of information, used for everything from getting  Social Security benefits to opening a bank account. You'll find your number on your Social Security card, which can also be used as proof of your identity. While most parents get a Social Security card for their children at birth, you might find yourself needing to apply for one - either because it needs to be replaced, or because you never received one in the first place. To do this, you'll need to fill out Form SS-5.  Read More...

Nov 12, 2018 The best retirement communities in Maryland provide their residents with several options to stay active while also enjoying a laid-back lifestyle. Large clubhouses feature state-of-the-art gyms, spas and plenty of meeting rooms to spend quality time with your new friends. This article will cover everything you can expect at Maryland's retirement communities from amenities to scenery and price tags. However, you can always find a financial advisor to help you make the best retirement planning decisions. Read More...

Nov 12, 2018 When you retire, you’ll probably want nothing more than to sit in the sun, sipping lemonade and watching time pass from the comfort of your porch. There is no better place to do that than the South. Where in Dixie, though, do you want to spend your retirement? To help you decide, we’ve assembled a list of the top 10 best places to retire in the South and laid out what makes each location so appealing. If you want to live in one of these sun-kissed locales, you should start planning now. A financial advisor can help you achieve your retirement goals, and SmartAsset can help you find a financial advisor with our Read More...

Nov 27, 2018 Retirement communities in Florida have plenty to offer. From luxury homes to state-of-the-art fitness centers and amenities, you can spend your golden years in style while staying in the Sunshine State. Read on to learn more about the best retirement communities and what you can expect to find. Each community is listed based on general home prices, from low to high. You can also find a financial advisor to help you make the best decision. Read More...

Nov 12, 2018 Retirement is the time in your life when you can finally forget the stress of work and just relax. You may find yourself wondering, though, where exactly you want to spend your golden years. If you know you want to settle somewhere near the Atlantic but aren't quite sure where, this guide will walk you through the best places to retire on the East Coast. Making your dream retirement a reality takes money, though, and saving enough money takes planning. You might want to consider hiring a financial advisor to help you. SmartAsset can help you find a financial advisor who is right for you with our Read More...

Nov 30, 2018 When you reach a certain age, you might want to find a place to live where you can relax and engage with other people who have lived a life as full as yours. Retirement communities can be perfect for this. You’ll find haven from the outside world as you gain access to amenities and entertainment options and shed the burden of some home upkeep responsibilities in your retirement. Read More...

Nov 09, 2018 If spending your retirement surrounded by other active adults in a community with plenty of options for fun sounds ideal, you may want to consider a retirement community. There are numerous retirement communities in Texas. This guide will walk you through some of the best options in the Lone Star State, many of which are near the best places to retire in Texas. We provide the information you’ll need to decide which retirement community is going to check all of your boxes, whether that’s easy access to the golf course or a deluxe indoor pool. Read More...

Nov 09, 2018 Do you want to live in the crisp Rocky Mountain West in retirement, but you don’t want to deal with shoveling snow in the winter? A retirement community in Colorado may be the perfect place for you to hang your hat in your golden years. You can take advantage of all the amenities that these places have to offer and be part of a community of like-minded retirees. Plus, almost all of these retirement communities handle lawn care and snow removal for you, so your back will absolutely thank you. This guide lists some of the best retirement communities in Colorado for you to consider. Read More...

Nov 09, 2018 Retirement can be a grand part of your life. This is especially true if you surround yourself with other folks whose working days are behind them and who want to wile away the days with some cards and maybe a cold glass of lemonade. You can find that life in the Keystone State at any of the retirement communities in Pennsylvania. We’ll give you a glimpse of what each one has to offer, from floor plans to entertainment options. If you want help planning for a retirement in one of these locations, consider finding a financial advisor with our free financial advisor matching service. If you're already living in Pennsylvania, we also have lists of the… Read More...

Nov 06, 2018 The best retirement communities in Arizona have a lot to offer. Given that the state has everything from golf courses and resort-style pools to vast hiking trails surrounded by beautiful mountain tops, it's hard to get bored here. Read on to learn more about the best retirement communities in Arizona. Each place is listed based on general home prices, from low to high. Still, you can find a financial advisor to help you make a choice based on your individual circumstances. Read More...

Nov 02, 2018 A big part of your financial health relies on saving enough for retirement, from maximizing your 401(k) contributions to growing your other investment portfolios. But what happens to your investments once you reach retirement? Of course, finally reaching your golden years doesn’t mean you have to close all your investment accounts. Instead, you’ll need to make some changes to your portfolio to reflect the life change. Read More...

Nov 01, 2018 The best retirement communities in South Carolina are definitely a sight to see. From pristine beaches and palm trees to miles of hiking trails, South Carolina offers several opportunities to relax and stay active as you settle in a community of your contemporaries during your golden years. In this article, we’ll explore what you can expect at the best retirement communities in South Carolina. The area offers something in everyone’s price range. We list different retirement communities in order of home prices, from lowest to highest. Of course, consulting with a  financial advisor can always help as you arrange your financial strategy in your… Read More...

Nov 01, 2018 The best retirement communities in North Carolina offer plenty of amenities and the backdrop of rolling hills, mountains and pristine waterways. And you can make new friends at large clubhouses and country clubs. So you think the Tar Heel State may be the place you'd like to spend your golden years, read on for our coverage of the best retirement communities in North Carolina. We cover entertainment and recreation options as well as access to medical centers and major attractions. These retirement communities in North Carolina are listed based on general home prices, ranging from low to high. But it’s always a good idea to find a financial advisorRead More...

Oct 30, 2018 Retirement communities in Virginia offer a range of amenities and plenty of opportunities to stay active well into your golden years. You can enjoy championship golf courses designed by the likes of Arnold Palmer. Or you can relax at spas and heated indoor pools. This article will cover everything you can expect from the luxurious retirement communities in Virginia as well as the price tag, as you decide from among the best places to retire in Virginia. We break down our list based on general home price ranges, from smallest to largest. But a finding a… Read More...

Oct 29, 2018 When you walk down the aisle, you probably assume the union you are about to enter into will last a lifetime. The statistics tell us, though, that many don’t. Unfortunately, sometimes marriages end in divorce, which on top of personal turmoil can bring a host of legal and financial issues. If you live in Pennsylvania, this guide will explain everything you need to know about divorce in the Keystone State, from child support to retirement plan division. If you are in the midst of a divorce or about to file for one, it might make sense to find a financial advisor to help you through the process. SmartAsset can help you find an advisor in your area with our Read More...

Oct 29, 2018 Newlyweds usually think that their love is going to last a lifetime. Unfortunately, that isn’t always true. As statistics show, some unions end in divorce. This is obviously difficult on an emotional level, but it can also cause legal and financial troubles. If you live in Florida, this guide will take you through what you need to know about ending a marriage in the Sunshine State. You’ll learn how to handle everything from your retirement plan to child support so that your divorce doesn’t cause any more issues than it needs to. Finding a financial advisor can also make a divorce easier. SmartAsset can help you find an advisor who is a good fit for you with our Read More...

Oct 29, 2018 Thailand receives a lot of attention as a retirement destination -- and for good reason. The cost of living is low, which means you can stretch your retirement savings further. The country has a rich culture with delicious cuisine and friendly people. The weather is sunny and hot. If you want to visit beautiful temples or go for a hike, Thailand has options aplenty. Do you want to kick back on a beach? Thailand has lots of those to choose from as well. So let’s dive right in and look at the information you need in order to decide whether or not Thailand is the best place for you to spend your golden years. Read More...

Oct 29, 2018 No one thinks that their marriage is going to end in divorce, but unfortunately it does happen. This is obviously difficult on a personal level, but it also raises a number of legal and financial issues that you’ll have to solve. For those who live in North Carolina, this guide will walk you through the divorce process in the Tar Heel State. Here’s how you’ll handle everything from child support to 401(k) plans during your divorce so your financial life doesn’t go up in flames just because your marriage is ending. If you are going through a divorce, it might make sense to find a financial advisor. SmartAsset can help with our Read More...

Oct 30, 2018 One of the benefits that makes tax-deferred retirement accounts like 401(k) plans so attractive is their high contribution limits. This becomes especially appealing when your company offers a 401(k) employer match. However, some plans restrict highly compensated employees from making the maximum contribution. Nonetheless, you can walk around these restrictions and find ways to maximize your retirement savings. But first, let's determine if you are a highly compensated employee in the first place. You may be surprised. Read More...

Oct 26, 2018 Going through a divorce is never easy. But if you live in Illinois, it’s important to be aware of Illinois divorce laws before going deep into the proceedings. There are certain eligibility requirements one must meet to even file for divorce. In most cases, you’d need grounds for divorce such as adultery or felony conviction. Furthermore, Illinois courts divide marital property as it deems fair. But this doesn’t always mean an even split. Divorce can mean a period of great mental anguish, but it doesn't need to be hard on your bank account. This article will cover how Illinois divorce laws apply to all possible situations and allow you to be better informed so you can plan accordingly. And if you want extra guidance, consider linking up with a Read More...

Oct 26, 2018 One of the easiest ways to save for retirement is to contribute to your 401(k). Set up through your employer, a 401(k) allows you to set aside a certain amount of each paycheck before taxes. Sometimes, your employer can also contribute to your 401(k) through an employer match program. This program can really help boost your retirement savings. Plus, there’s not too much extra work on your part to snag this perk. Read More...

Oct 26, 2018 Virginia divorce laws can be complex. Individuals must meet certain eligibility requirements even before filing for divorce. And unless a couple agrees on how to split property and assets, a judge will divide these as fairly as the court sees fit. Child support and alimony may also play a role. But as emotionally straining as divorce can be, it doesn't have to be a financial nightmare. This article will explore how to file for divorce in Virginia and what you can do to protect your finances, whether you’re the plaintiff (person filing) or defendant. As always, finding a financial advisor can serve as a valuable asset to either party going through divorce in Virginia. Read More...

Oct 26, 2018 When love does not end up being until death do you part, you’ll have a maze of legal and financial challenges to work through as part of your divorce. If you live in California, you’ll need to know about the specifics of how divorce works in the Golden State. This guide will take you through the steps and specifics of divorce in California so you can  keep your finances intact even though your marriage is ending. If you are going through a divorce, you might want to find a financial advisor. SmartAsset can help you find a suitable advisor in your area with our Read More...

Oct 25, 2018 Sometimes, it just doesn’t work out. While you’d like to think that your marriage will last forever, there may come a time when you and your spouse want to call it quits. That scenario brings with it a series of legal and financial challenges that you’ll have to work your way through. If you’re living in Texas, this guide will walk you through all of the intricacies of severing a marriage in the Lone Star State so that you can hopefully avoid having a Texas-sized mess on your hands. Finding a financial advisor can be a good idea during a divorce — try finding one using SmartAsset's Read More...

Oct 24, 2018 If you dream of retiring in Europe, Portugal is worth considering. It boasts a rich culture and a Mediterranean climate, all at an affordable price. There are sunny beaches in Algarve, wine in Porto and a historic metropolis in Lisbon. What’s more, the Portuguese government has taken steps in recent years to make the country easier and more affordable for tourists and expatriates. You may be eligible to receive up to 10 years of tax benefits, which will certainly help you extend your retirement savings. So for those looking to spend their golden years abroad, here's a rundown of the things you need to know in order to retire in Portugal. Read More...

Oct 24, 2018 It isn’t always entirely clear when we’re supposed to retire. The reality is that everyone’s situation is different. Some people have the means to retire early while others have to work their whole lives. To know exactly when you’ll be ready to retire, you’ll need to do some calculations. This will include looking at your salary, set expenses, savings, projected spending and more. Read More...

Oct 23, 2018 When choosing a place to retire, you may want to look for an affordable locale that’s full of things to do and sights to enjoy. If you’re interested in retiring abroad, Argentina is an attractive country to consider. In addition to the low cost of living, it showcases a number of diverse cultures and has varied landscapes to explore - the Andes Mountains, glacial lakes and the Pampas in addition to Buenos Aires. But before making any moves, it’s a good idea to talk with a financial advisor - an expert who can help you understand the best way to make your retirement savings last. If you’re just researching why Argentina could be a good retirement destination and how you might go about moving there, this guide should help you. Read More...

Dec 05, 2018 Retiring in Idaho is a great option for those seeking an active retirement. Because many of the cities given below lie along the Snake River or rest near a National Park, they offer plenty of opportunities for outdoor activities. There’s still lots to do in Idaho even if the active lifestyle isn’t for you. Plus, the best places to retire aren’t just about fun activities. We also took into account taxes and the presence of medical centers to find the best places to retire in Idaho. Read More...

Oct 23, 2018 If you dream of retiring on a sunny island with delicious food and a thriving local culture, it may be time to look at Greece. The country offers hot summers and mild winters. You can live in a metropolis, like Athens, or a picturesque town on Santorini. Greece has a long history with centuries of fine architecture, delicious foods and a thriving culture. So is Greece the right retirement destination for you? It’s good to get an expert opinion, like from a financial advisor, but this guide will help you to answer some basic questions about whether you could afford to live in Greece and whether or not it would be a feasible option for you. Read More...

Oct 17, 2018 If there’s nothing keeping you from staying here in the U.S., why not retire abroad? You have a ton of options from the standard destination of Mexico to a colder retirement in Iceland. Somewhere in between those is Spain, which offers both great mountain and beach experiences. But before you start packing your bags, check out what it takes to retire in Spain, including the costs and residency requirements. Read More...

Oct 17, 2018 Pennsylvania is filled with great places to retire. All 10 of the communities on this list perform well nationally as well. Only Florida and Oregon have 10 communities that all rank higher in our national index. Major cities like Philadelphia and Pittsburgh provide plentiful resources, but the state is also filled to the brim with small-town charm and space to spread out. If you are considering moving for retirement or you just want help developing your general retirement plan, finding a financial advisor could be a big help. Thankfully, SmartAsset’s Read More...

Oct 17, 2018 Saving for retirement is one of the most important financial steps you can take. If you don’t, you could end up entering what should be your golden years struggling to make ends meet. One of the most common ways to save for retirement is to use a workplace retirement plan. While most people use a 401(k), there are other workplace retirement plans you might have access to, such as a 401(a) plan. Read More...

Nov 12, 2018 If retirement in Florida seems a little too overwhelming for you, consider a retirement in Georgia instead. As Florida’s northern neighbor, Georgia offers easy access to the popular beaches and attractions that draw so many other retirees while maintaining enough distance. Plus, Georgia contains a number of its own cities that will set you up for a retirement that's just peachy. You can find the top 10 of those cities, all within close proximity to Atlanta, below. Read More...

Oct 16, 2018 If your dream retirement involves small town living and wide open spaces, then you may be very interested in a Wyoming retirement. The ten communities listed below are our best places to retire in Wyoming, and all performed fairly well in our national ranking of the best places to retire, ranking between 74th and 528th in the country. Wyoming may lack a sprawling urban metropolis or a sandy beach. However, the state is filled with interesting history and plenty of room to spread out. The low cost of living and favorable taxes aren’t bad either; Wyoming ranked 49th in our study of where it costs the… Read More...

Nov 30, 2018 If you’re looking to spend retirement abroad and strengthen both your faith and your Jewish identity, then you may want to retire in Israel. Moving to Israel is generally referred to as "making Aliyah." While the process can get a bit complex, there are plenty of resources available to help you along the way. Israel certainly isn't thought of as a retirement destination as quickly as somewhere like Mexico, but it has everything that makes for pleasant golden years. Read on to learn all the essentials for an Israeli retirement. Read More...

Oct 15, 2018 One of the biggest advantages to investing in a qualified retirement plan like a 401(k) or an individual retirement account ( IRA) is tax-deferred growth on your savings. But you can’t keep avoiding taxes by keeping your money locked up in these plans forever. At some point, Uncle Sam wants his cut. That’s why the IRS established  required minimum distributions (RMDs). This is the amount you must withdraw from these accounts each year after you reach age 70.5. But how do you calculate your RMD? Read on to learn all about RMDs and how to calculate your withdrawals so you won’t face a severe penalty. Read More...

Oct 12, 2018 Most people envision retirement as relaxing on a bright beach without a care in the world. But if retiring along sunny shores isn’t quite your thing, consider a retirement in Washington state. Many of the best cities to retire in Washington give you access to beautiful bay views with the cooler weather of the Pacific Northwest. Plus, Washington is tax-friendly toward retirees, ensuring a more affordable retirement option. Read More...

Oct 12, 2018 If scenic New England towns and access to fresh seafood seems like a great way to spend your retirement, Maine may be the perfect place for you to spend your golden years. There are a lot of places in the Pine Tree State to choose from though. This guide takes you through the top 10 best places to retire in Maine and explains exactly why each city is a good place for retirees to live. If you want to retire in Maine, it may be a good idea to hire a financial planner to help you get ready. SmartAsset can help you find the right advisor for you with our free financial advisor… Read More...

Oct 12, 2018 The Great Lakes, access to several great cities and a lot of great scenery are just a few of the perks waiting for you if you choose a retirement in Michigan. Where exactly in the Wolverine State should you settle down though? This list lays out the top 10 best places to retire in Michigan and walks you through what makes each of them a worthwhile spot to spend your golden years. If a Michigan retirement is of interest to you, consider finding a financial advisor to help you make it happen. Finding the right financial advisor is key to achieving your retirement goals, and you can do that with SmartAsset’s Read More...

Nov 30, 2018 Many Americans are looking to spend their post-work lives abroad these days, and Switzerland is an attractive destination for a number of reasons. While it may not be as exotic as somewhere like Costa Rica, the beautiful scenery, high standard of living and plentiful English speakers make it a great spot all the same. However, retiring in Switzerland can get pretty pricey, and there are several details you’ll want to have nailed down before you buy plane tickets. Read on to learn all the essentials for a proper Swiss retirement. Read More...

Dec 05, 2018 Between the mountains, the scenery and the relatively easy access to the beaches and other attractions of the West Coast, a retirement in a Mountain West state like Utah certainly has its appeal. But where in the Beehive State should you hang your hat? There are a number of good options. This guide will take you through the top 10 best places to retire in Utah, and tell you what makes each city a great place to spend your golden years. If retiring in Utah is your goal, financial planning can make it a reality. SmartAsset’s free financial advisor matching service makes it… Read More...

Nov 30, 2018 Many retirees are traveling abroad to live out their post-work lives these days, and the island of Iceland is becoming an increasingly popular locale. While it’s not as cost-effective as somewhere like Mexico or South America, Iceland’s mythic natural beauty, rich history and plentiful English speakers make it an attractive destination. However, retiring in Iceland or any foreign country can be a bit complex, and you’ll want to have all the logistics settled before you jet off. Read on to learn all the essentials for a proper Icelandic retirement. Read More...

Nov 12, 2018 Do you want to spend your retirement nestled in a quaint New England town? If so, New Hampshire may be the state for you. The question is, where in the Granite State do you want to settle down? This list lays out the top 10 best places to retire in New Hampshire and walks you through what makes each of them such a great place to spend your golden years. If you are planning a New Hampshire retirement but aren’t sure how to make it financially feasible, you should find a financial advisor. SmartAsset’s free financial advisor matching service makes it easy to find an… Read More...

Oct 12, 2018 If you want to spend your retirement someplace warm and with a unique culture, you can’t go wrong with New Mexico. The Land of Enchantment has a lot of great places where you can spend your golden years, but some do shine brighter than the rest. This list identifies the top 10 best places to retire in New Mexico and explains why each town is a great place for retirees to live. If you want help getting ready for your New Mexico retirement, you might want to find a financial advisor to work with using SmartAsset’s free financial advisor matching service. Read More...

Oct 12, 2018 An annuity can be a useful tool when planning for retirement. After you’ve stopped working, you’ll be relying on your savings and Social Security payments to support yourself and enjoy your golden years. Purchasing an annuity creates an additional income stream, which can make things easier. You may find yourself wondering, though, about the present value of the annuity you’ve purchased. The present value of an annuity is the total cash value of all of your future annuity payments, given a determined rate of return or discount rate. Knowing the present value of an annuity can help you figure out exactly how much value you have left in the annuity you purchased. This makes it easier for you to… Read More...

Oct 05, 2018 Arizona, the land of cacti and dry heat, is understandably a popular place to retire, especially if you lived in a cold-weather place during your career and you’re eager to escape the snow. Certain cities in The Grand Canyon State, though, are even more appealing to retirees than others. This guide will walk you through the 10 best places to retire in Arizona. Whether you want to retire in Arizona or have another destination in mind, a financial advisor can help you prepare. You can use SmartAsset’s free financial advisor matching service to get paired with advisors in your area or take a look at SmartAsset’s list of the Read More...

Oct 05, 2018 California, here we come... There’s certainly an allure to retiring on the left coast and living out your days under the California sun. The Golden State has more than just great surfing, though, and you can surely find a city to retire there that will fit all your needs. This guide will take you through the top 10 best places to retire in California, explaining what each city has to offer. No matter where you are thinking of retiring, you may want to find a financial advisor to work with using SmartAsset’s free financial advisor matching service. Read More...

Oct 05, 2018 Looking to retire deep in the heart of Texas? To be sure, the Lone Star State has plenty to offer those who have left the working world behind and are looking for somewhere to spend their retirement. Some Texas cities, though, have more to offer retirees than others. This guide will show you the 10 best places to retire in Texas and explain what makes them so good for retirees. Whether a Texas retirement is imminent or just a distant dream, finding a financial advisor can help you get prepared. SmartAsset’s free financial advisor matching service makes it easier to find a… Read More...

Oct 05, 2018 North Carolina has a lot going for it when it comes to retirement: good weather, access to great beaches and a whole lot of barbecue, if that’s the type of thing that floats your boat. There are a lot of cities where you can hang your hat after you retire in the Tar Heel State. This guide will take you through the top 10 best places to retire in North Carolina, explaining what makes each of them so great for retirees. If you are thinking about retirement, you might want to find a financial advisor to work with using SmartAsset’s free financial advisor matching serviceRead More...

Nov 12, 2018 It probably comes as no surprise that Florida is full of great places to retire. After all, the Sunshine State is famous for being the destination for retirees to enjoy their golden years, especially if they spent most of their working lives in the less-temperate climates of the American North. But even within the retiree mecca of Florida, there are some cities that shine even brighter as the best places to retire in Florida. Read More...

Oct 05, 2018 An individual retirement account, more commonly referred to as an IRA, is a good place to save for your retirement. Once you reach a certain age, though, you’ll have to start taking a minimum amount out of your account each year, called a required minimum distribution (RMD). The RMD table the IRS provides can help you figure out your required minimum distribution. Read More...

Oct 12, 2018 Retirees flocking to the Volunteer State for their golden years are in for a treat. The best places to retire in Tennessee offer everything from scenic mountain landscapes and hiking trails that will keep you active to historic museums where you can keep your brain stimulated. And in terms of Tennessee tax friendliness, the state ranks quite well overall. It doesn’t tax retirement plan income or Social Security tax benefits. So a 401(k) plan can go further here than in states that will tax it. Plus, Tennessee property taxes are low. But despite these advantages, preparing for retirement can be challenging anywhere. So if you’d like access to professional advice, you can use our Read More...

Oct 12, 2018 The best places to retire in South Carolina have plenty to offer from pristine lakes and mountains to historic sites that date back to the Revolutionary War. So it’s no wonder so many nature lovers, outdoors enthusiasts and history buffs come to spend their golden years here. And it also has some of the lowest property taxes in the nation. Despite these advantages, retirement planning can still be a challenge and the cost of living in South Carolina can vary sharply depending on where you lay your nest egg. So if you’d like some professional guidance, you can use our Read More...

Oct 12, 2018 If you love the outdoors and want to stay active, you may consider spending your golden years among the pristine landscapes of Virginia. To help you narrow down your choices, we compiled a list of the top 10 best places to retire in Virginia. These locations offer great leisure activities for those in their post-work life with offer easy access to nature, as the state is home to plenty of national parks. And you have miles upon miles to hike, the Blue Ridge mountains to climb and numerous luxury golf courses. As the site of several Civil War battles and the birthplace of George Washington, Virginia can also suit all you history buffs out there with its museums and monuments. In addition, the state offers plenty of financial advantages to help you preserve your nest egg. Read More...

Oct 12, 2018 If you’re a fan of the great outdoors, maritime communities and the arts, you may want to retire in the Beaver state. The best places to retire in Oregon offer plenty of opportunities to stay active well into your golden years with activities including hiking, mountaineering and water sports. But picking the spot that’s just right for you can be a challenge. So the retirement experts at SmartAsset did the homework for you and devised a list of the top 10 best places to retire in Oregon. Of course, strategizing your own retirement once you're there is a challenge of its own. But if you’d like some professional guidance, you can use our free Read More...

Oct 12, 2018 The high mountains and pristine lakes in Colorado can serve as aesthetic backdrops for those who want to spend their retirement years close to nature. And the best places to retire in Colorado offer plenty of that. The state can also serve as a fine retirement ground for those who still want adventure in their life. Common activities among the best places to retire in Colorado include white water rafting, kayaking and horseback riding. You also have miles of trails  to hike. And to stay healthy enough to enjoy these tasks to the fullest, these locations also offer easy access to healthcare facilities. And if you’d like professional guidance in planning your retirement in Colorado, you can use our Read More...

Oct 02, 2018 Retirement can be a wonderful time when you get to relax, explore your passions and spend time with your family. No matter how carefully you’ve planned for this period, though, you may find yourself asking: How long will my money last now that I’ve stopped working? It’s understandable if you are concerned. If you don’t know how long your money will last, you could be in for a rough surprise. This guide will walk you through figuring out how long your money will last in retirement based on your current savings and expected expenses. Read More...

Sep 28, 2018 Everyone has heard of Social Security, and everyone knows the basic concept. If you pay into it while you work, then you benefit from it when you retire. However, there are some lesser known features of Social Security that can make a big difference for your retirement. Social Security spousal benefits are just one of these features. Intended for married couples with a sole or primary breadwinner, spousal benefits can significantly increase the amount of money you have coming in during retirement. They can even provide a nice supplement to your  401(k) or IRA distributions. Read on to learn how you can become eligible for… Read More...

Sep 26, 2018 Looking to invest in your child’s future or teach him or her about the power of compound interest? A great way to do so is through a custodial account. With a custodial account, you can transfer funds to a minor easily while keeping the money safe until the minor is of age. You can even get some tax benefits along the way. Custodial accounts come in a few different shapes and sizes. And each kind has its own upsides and drawbacks. Read on to learn what a custodial account is, how it works and if it’s the right option for you and your child. Read More...

Sep 12, 2018 Raising a family has never been a walk in the park. But today’s parents may face a steeper uphill climb, financially speaking, than those in the past. The cost of raising a child has risen to $233,610. according to the United States Department of Agriculture. Meanwhile the need for, and price of, a college education has never been higher. It is no surprise, then, that conquering all of those financial feats may leave parents feeling like they missed their chance to save for retirement. But while saving for retirement is best done while young, it is never too late to start planning. With a little hard work, diligence and expert advice from a financial advisor, even someone starting with little savings at age 50 can… Read More...

Sep 04, 2018 A retirement system is a network of pension plans that states use to help public employees save for retirement. Each state has at least one retirement system and an organization that administers the program. The systems vary greatly from state to state both in terms of size and number. In Hawaii, there is one system: the Employees’ Retirement System (ERS). The ERS has a Board of Trustees governing it. Read on to learn more about how this plan works. (And should you want more guidance in your own planning, SmartAsset's  free financial advisor matching tool can pair you with a knowledegable advisor in your area.) Read More...

Aug 31, 2018 A retirement system is a pension plan that a state or other local government uses to help its public employees save for retirement. The systems requires members to contribute during their careers so that when they retire, there is a large enough fund for them to receive monthly benefits. This works similarly to Social Security benefits. There is a retirement system in each state but they vary in size and scope. The system in Maine is called the Maine Public Employees Retirement System, or MainePERS. Read on to learn about how this system works and who it covers. You can also jump start your retirement planning with  SmartAsset's financial advisor matching tool. It pairs you with financial advisors near you so… Read More...

Aug 31, 2018 Illinois state employees may be eligible to take part in the state’s retirement system. A retirement system is a pension plan that a state uses to help public employees save for retirement. Public employees become members in the system and then have to contribute a certain amount of their salary. Those contributions grow to cover employee retirement benefits. Each state has at least one retirement system, but they vary in both size and scope. Illinois has the State Retirement Systems (SRS) of Illinois. Continue reading to learn more about how the SRS works and who it covers. If you want more hands-on help in your own retirement planning, also check out SmartAsset's  free financial advisor matching tool,… Read More...

Aug 31, 2018 Saving for retirement is certainly a financial priority for everyone. For Nevada state employees, it’s comforting to know that your retirement savings are automatic. Once you start working for the state, you’ll begin making contributions to your pension through the Nevada retirement systems. Most employees are covered by the Public Employees' Retirement System of Nevada (PERS). Below, we outline the different retirement systems and each one’s eligible employees. And if you want personalized help navigating the Nevada retirement system, check out SmartAsset's free  financial… Read More...

Aug 30, 2018 Pennsylvania manages its state government employees’ pensions through two different systems: Pennsylvania State Employees’ Retirement System (SERS) and Public School Employees’ Retirement System (PSERS). SERS manages the public pension system for most state employees while PSERS serves state employees in the field of education. If you want extra guidance navigate the Pennsylvania retirement system, use SmartAsset's free financial advisor match tool to get paired up with an expert in your area. Read More...

Nov 28, 2018 Established in 1957, the Arkansas Public Employees Retirement System (APERS) provides pension, retirement and disability benefits for employees who meet its eligibility requirements. While APERS functions as the state’s primary system for public employees, it also offers additional pension and retirement systems. Below we take you through the ins and outs of the Arkansas retirement system. But if you want extra guidance from an expert, use SmartAsset’s matching tool to get paired with a financial advisor in your area who can best meet your needs. Read More...

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