- Americans Aren’t Satisfied With Their Retirement Plans Online — J.D. Power Ranks the Best
Facing both inflation and a possible recession, retirement investors are under a lot of financial stress in 2022. And they are looking at their retirement plan providers for both information and guidance. But the Michigan-based consumer research firm J.D. Power… read more…
- How Much Would a $10 Million Annuity Pay?
The amount a $10 million annuity would pay depends on when you make the investment, the returns attached to your annuity and the details of the contract. With that, it’s challenging to nail down a specific amount. However, we can… read more…
- Rules for Switching Social Security Benefits
Social Security benefits can provide you with a stream of retirement income that is reliable. Deciding when to take benefits is an important question, especially if you’re married and hope to qualify for spousal benefits. If you’re already taking Social… read more…
- How Much Would a $1.5 Million Annuity Pay?
Annuities are a form of hybrid financial product. Part investment and part contract, they’re primarily sold by insurance companies as a way to save for retirement. While in recent years they have come under criticism for below-market returns, many retirees… read more…
- 8 Tips to Help You Transition to Retirement
After a long, successful career, letting go and heading into retirement might be harder than you think. While retirement looks different for everyone, creating a solid financial plan can help alleviate some apprehension surrounding it. By assessing your finances, budgeting… read more…
- Here’s the Surprising Move to Make Amid Market Volatility
In times of relative economic turmoil, it may be natural to expect a lot of change to retirement savings patterns — perhaps to see people save less as they deal with more pressing needs. Others, restless at seeing losses, may… read more…
- How Much Would a $2 Million Annuity Pay?
Annuities can be beneficial for retirees, especially those who plan ahead and want to avoid stock market risks. However, your payout amount can be challenging to calculate, and each person’s circumstances will influence their monthly payment differently. Still, it’s not… read more…
- How to Retire During a Market Downturn: It’s All About Withdrawing This Way
It’s always hard to make your retirement savings last as long as you need it to — but it becomes even harder when you’re retiring during a market downturn, as Americans retiring right now are experiencing. A market downturn means… read more…
- Homeowners Are Sitting on Record Equity: How You Can Capitalize For Retirement
If you own a home, chances are your net worth has shot up in the last year. Skyrocketing home prices caused by a pandemic-fueled real estate frenzy have led to a scenario where homeowners in the U.S. are sitting on… read more…
- What Is a Good Age to Retire for You?
Part of a sound retirement planning strategy involves choosing the best age to retire. The normal retirement age is typically 65 or 66 for most people; this is when you can begin drawing your full Social Security retirement benefit. It… read more…
- How Much Do You Need to Live Off Dividends?
Dividends can be used to create passive income in an investment portfolio or grow wealth over the long term through reinvestment. Knowing how to live off dividends may be central to your retirement planning strategy if you want to avoid… read more…
- Almost a Third of Americans Believe Social Security Won’t Last: Here Are Three Ways to Get Retirement Income
A 2022 retirement survey shows that almost one in three Americans believe that Social Security could run out of money and stop making payments. And another 31% expect that they will need to get retirement money earlier. Let’s break down… read more…
- 4 Lucrative Loopholes That Can Get You Early Access to Retirement Funds
Generally, when you save for retirement, your goal should be not to touch the money until you are actually retired. Sometimes, though, life gets in the way and you need to dip into your retirement savings a bit earlier than… read more…
- 6 Tips Americans Follow to Maximize Retirement Savings: Are You Keeping Pace?
While inflation and market volatility loom over the U.S. economy, a new survey by Principal Financial Group shows that 59% of respondents plan to save more than $20,000 for retirement this year alone. Let’s break down what the survey says… read more…
- What Is a Good Retirement Income?
Saving for retirement is perhaps the most major financial goal every American has. But once you retire, you’ll need an adequate income to replace what you were making pre-retirement. As you might imagine, this number will vary from person to… read more…
- How Much Less You’ll Spend Throughout Retirement Depends on These 2 Factors
How much will you spend in retirement? This is a vital question to ponder as you approach your golden years. After all, a successful retirement plan not only focuses on the accumulation of money and assets, but also the… read more…
- How Much Would a $5 Million Annuity Pay
Annuities can be complex, and it’s easy to be overwhelmed by the different types and sub-types, but they are one of the best ways to receive guaranteed income in retirement. While $5 million sounds like plenty of money to retire… read more…
- Social Security Rules After a Divorce
Marriage can affect how you do your taxes, make money and plan for retirement. If your marriage ends, it’s important to know the rules regarding divorce and Social Security. Who’s eligible for what benefits, how much can you collect and… read more…
- 5 Backdoor Roth IRA Mistakes to Avoid
Saving for retirement is important for everyone, including those with high incomes — just because you make a lot now doesn’t mean you don’t need to plan for a future when you are no longer working. While generally the adage… read more…
- 4 Strategies to Limit RMDs
Saving for retirement is hard. It takes discipline, intelligence and likely a little bit of luck. You have to put money into your retirement fund consistently, make smart investment choices and hope that none of them end up going sideways.… read more…
- 4 Times Advisors Should Use Custom Indexing, According to Vanguard
Direct indexing is a hot strategy for financial advisors looking to differentiate themselves to potential clients – but what is it and when does it make sense for clients? The idea behind indexing, of course, isn’t new. Vanguard Group founder… read more…
- Social Security Payments Could Be This Much by 2030: How to Plan Accordingly
Increases in Social Security payments, which are linked to a key measure of inflation, are expected to rise significantly for the rest of this decade. By looking at historical data on annual hikes in Social Security payments, the average monthly… read more…
- Rule of 55 vs. 72(t): Retirement Plan Withdrawals
Deciding when to time your retirement plan withdrawals matters for determining how long your money will last and what you’ll pay in taxes for those distributions. If you have a 401(k) at work, you might follow the Rule of 55… read more…
- 401(k) Plan Participants Say They Need to Save This Much to Retire
If $1 million was once the consensus target for retirement savings in the U.S., that appears to be changing. A recent Schwab Retirement Plan Services survey found that 401(k) plan participants across the country now believe they must save $1.9… read more…
- Is the Bull Market Coming to an End? What Retirement Savers Should Do to Prepare
In 2022 the S&P 500 had its worst annual first-half in five decades. With the tailwinds that buoyed global economies during the pandemic recovery gone, those who are saving for retirement should take several steps to weather the drop-off… read more…