Ah, grandmas … the sweet, retired dears. They are always knitting afghans and canning mysterious fruits, baking cookies, tending their azaleas and swimming a couple of miles each day in open ocean waters, taking close […]
More than two thirds of employees in the United States expected their main source of retirement income to come from retirement plans, such as 401(k), 403(b) or individual retirement accounts (IRAs), as of the end […]
While younger workers might have the luxury of finding new jobs with higher wages, the pandemic pushed many older workers to retire, according to a new study by The New School Schwartz Center for Economic Policy […]
After so much planning, you are finally living off your 401(k) and are looking for another string to your bow in terms of income. However, since you’ve reached a certain age, you’re looking for a gig that will […]
There’s one thing you know for certain: you want to retire. However, the thought of calculating (and recalculating) exactly how much you need to make it happen can be overwhelming. It’s common to worry about how much […]
The venerable 4% rule isn’t as unassailable as many people think (as Ben Le Fort points out in this article). Image Credit: Prostock-Studio / istockphoto. Definitions and Origins of the 4% Rule The 4% rule says […]
If you’re wondering what to do with bonus money, you’re not alone. Investing your bonus money in a tax-advantaged retirement account like a 401(k) has some tangible advantages. Not only will the extra cash help your nest […]
The rule of 55 is a provision in the Internal Revenue Code that allows workers to withdraw money from their employer-sponsored retirement plan without a penalty once they reach age 55. Distributions are still taxable […]
Preparing for retirement is such an essential endeavor for anyone. In America, only 50% of people calculate how much money they should save for retirement, and in 2020, only a quarter of all workers in […]
You’ve worked hard, and now it’s time to live the luxury retirement lifestyle you’ve wanted. Imagine waking up each morning to stunning views of the mountains or the ocean. Perhaps you’ll spend your days lounging […]