When someone asks you about “risk,” what is your first thought? To most people, their focus immediately turns to what can happen with their investments—especially in a year like this one. But risk has many different elements, and some may be more perilous to your wealth than volatility.
Will you need $1.7 million to retire? That was the average amount survey participants thought they would need. We breakdown this and other parts of the survey including the obstacles to retirement, how long your retirement savings will last, and how much of your income will come from your 401k.
We answered your questions on our live show. Check it out.
When is the right time of the year to take your Required Minimum Distribution? Will your major home improvement retain its value? And the challenge of being an optimist in a world full of pessimism.
One of the most common questions asked by our clients pertains to Required Minimum Distributions. Most people know they will reach an age where they have to take something from their retirement accounts. But not everyone understands how it works. Today we will talk about the rules, how the amount is computed, what happens if you fail to take your required minimum distribution.
According to BMO Harris Bank, one-fourth of Americans are considering delaying their retirement. High inflation, a looming recession and poor investment results impact their decision. If you are considering retirement you need to, know your numbers, make good decisions, look at delaying your retirement, and be flexible.
Divorce can create many challenges--especially for women--when planning for retirement. Today we answer a question from Jennifer, 50. She divorced her former husband a few years ago. She asks, “How can I Retire at 65?” We take a closer look at her situation and dig into the details to make sure she is on the right track.
Many young people would like to retire as early as they can. It is possible, but there are some major obstacles in front of you. If you want to retire at 57 (or any age for that matter), here is what you need to know.
Paul and Elaine are 58 years old. So far they have saved about $58,000 for their future. What can they do to plan for retirement? We take a look at some basic concepts to help them get on the right track with their retirement planning.