Today, we're diving into a topic that doesn’t always get the attention it deserves—how to plan for a retirement that could last up to 30 years. Many people dream of retiring early, but one big risk people often forget to consider is outliving their savings. What happens if you live longer than expected and run out of money? Let’s talk about how to avoid that scary situation.
When it comes to Social Security, you only have one major decision to make: when to start your benefits. This choice can have a big impact on your retirement income. Let’s look at what you need to know.
Welcome to the second part of our seven-part series on the keys to retirement success! Last time, we discussed the importance of cash flow in retirement. Today, we’re diving into a crucial aspect of planning for retirement: managing income taxes. Taxes are a fact of life, but with the right strategy, you can reduce their impact on your retirement savings. Let’s break down how you can plan effectively to manage taxes and keep more of your hard-earned money.
We all face a difficult reality in our lives. At some point, either you or your spouse will pass away. This event creates an emotional wave. In addition, those feelings can be complicated by financial issues. Today we are going to talk about 5 things you need to consider when your spouse dies
AI – Artificial intelligence. It is the new frontier of technology and could revolutionize every industry. This also includes the world of personal finance. It’s intriguing, exciting, and downright scary. Today, we dig in.
At some point in our lives, we will stop working. For many of us, we will choose when that will happen. But for others, it may not be your choice. An unplanned retirement can lead to some difficult decisions. Here is what you need to know if you are forced to retire early.
Social Security faces a major challenge. Projections show a significant funding shortfall. Right now, projections show a 24% shortfall in 2034. This would mean a pay cut for millions of retirees. This year is also an election year, and this will be a hot topic. How will they fix it?
Today we look at one of Fidelity’s Four Rules for Retirement Savings. This one is called the 45% rule. For a general rule of thumb, this one may actually be pretty good.
How is your income taxed in retirement? Today we look at a basic case study to show you how their income will be taxed. We look at what they face now, and when they get to the required minimum distribution age.