- Is $5 Million Enough to Retire at 40?
Retiring at age 40 with $5 million means you have a high likelihood of supporting a comfortable lifestyle. This assumes you are a moderately risk-tolerant investor with a diversified portfolio that generates a quality return annually each year. It can… read more…
- Is $5 Million Enough to Retire at 65?
Retirement planning has many elements, but there are two questions that must be answered before anything else can be addressed: What age do you plan on retiring? And, how much money do you need saved to retire at that age?… read more…
- What Is the Accumulation Period of an Annuity?
As you plan for retirement, you may consider buying an annuity. After all, who doesn’t want a guaranteed stream of income when they retire? But there are some things you should know about these investments before you sign on the… read more…
- How Long Will $4 Million Last in Retirement?
Budgeting for retirement can be more challenging than budgeting for life with a job. You start with a number you think will do the trick and hope that unforeseen circumstances don’t drain your savings too early. Similarly, you might not… read more…
- How Long Will $2 Million Last in Retirement?
If you have enough money, you can retire comfortably and never look back. If you don’t, you may have to keep working so the lights stay on and the fridge stays full. On the other hand, it’s a tough question.… read more…
- Fed’s Latest Rate Hike: What Retirees Need to Know
With the recent collapse of two banks serving as a backdrop, the Federal Reserve hiked interest rates another 25 basis points on Wednesday. The decision to raise the federal funds rate to a 4.75-5% target range comes on the heels of the… read more…
- Retirement Home: Cost and Service Guide
A retirement home is a private facility that offers seniors care and support. These facilities typically have amenities and services that cater to the needs of seniors, including meal preparation, housekeeping, medical care and social activities. Here’s a breakdown of… read more…
- Is $10 Million Enough to Retire at 30?
The sum of $10 million might sound like a lot – and to the average person, it is. But what if you want to retire at just 30 years old and potentially live another 40, 50 or even 60 years… read more…
- How to Save for Retirement When Self-Employed
As a self-employed worker or small business owner, your list of responsibilities never ends. Managing your taxes, training new hires and scaling your business can be time-consuming – but what about saving for retirement? Entrepreneurs can aim for comfort and relaxation… read more…
- How Biden’s Veto of Trump-Inspired Bill Could Impact Your Retirement
On Monday, President Joe Biden vetoed a bill that would have effectively banned ESG, or “Environmental, Social and Governance,” investments in tax-advantaged retirement accounts. This veto is the first of Biden’s term in office. It keeps in place a rule… read more…
- Are Annuities Insured?
An annuity is a type of insurance contract that can offer a guaranteed income stream, making them a common investment of retirees. In exchange for a lump sum or a series of payments, an insurance company provides guaranteed returns. While… read more…
- Is $2.5 Million Enough to Retire at 65?
For most people, it will be little or no problem to retire at age 65 if they have $2.5 million in savings. This amount of capital invested prudently is likely to provide sufficient income for a lifestyle comfortable enough to… read more…
- Switch to Roth Contributions If You Have This Much Money
Deciding whether to save in a pretax or Roth account for retirement just got a little easier – at least for people 50 and older. T. Rowe Price has pinpointed how much late-career workers who want to leave money to… read more…
- Can I Retire at 50 with $1 Million?
Retiring on $1 million at 50 will depend on longevity, health costs, lifestyle, retirement income, inflation and other factors. Here are different scenarios. So if you’re entranced by the idea of retiring early, you might be running through various scenarios.… read more…
- Is $2 Million Enough to Retire at 70?
Planning for retirement can be complicated, even with millions in the bank. Let’s take a look at some of the most common tools you can use and questions people have about retiring at 70 with a $2 million nest egg.… read more…
- How to Save for Retirement in Your 40s
It’s increasingly common for workers to only start taking retirement seriously after age 40. A combination of stagnant wages and spiraling student debt has forced more and more households to put off retirement planning for years, if not decades. Whether… read more…
- Is $3 Million Enough to Retire at 65?
To some people, $3 million will sound like a lot. You probably think $3 million is enough to retire if you’re among that crowd. But retiring with $3 million at 65 can last depending on your longevity, lifestyle and other… read more…
- JPMorgan Recommends These Themes For Retirement In 2023
“Some of the market’s best days occur very close to the worst days.” This is one of the pieces of advice from the 2023 Retirement Guide published recently by J.P. Morgan Asset Management . The guide is the 11th version… read more…
- How to Retire at 45 With $2 Million
Retiring before you’re 50 may sound like a pipe dream, but a nest egg of $2 million can make this a reality. The question is, how can you save that amount in only about two decades? Depending on your circumstances,… read more…
- Can I Retire at 45 With $1 Million Dollars?
Achieving retirement before 50 may seem unreachable, but it’s entirely doable if you can save $1 million over your career. The keys to making this happen within a little more than two decades are a rigorous budget and a comprehensive… read more…
- How to Save for Retirement in Your 20s
Saving for retirement is a long-term process, but starting earlier will give you a significant advantage. You will have more time for compounding to take effect and more money in the long run. Being in your 20s will give you time… read more…
- Am I Saving Too Much for Retirement?
It may seem like an odd notion, but it is possible to save too much money. You may have financial habits that allow you to sock away tons of money but cause your current quality of life to deteriorate. As… read more…
- How Long Will $300,000 Last in Retirement?
How long will $300,000 last in retirement? The answer to that depends on a variety of things: your lifestyle, your lifespan, your investments and any other income you have, to start. Let’s break down whether $300,000 is enough for your… read more…
- This Lucrative Retirement Tactic Dodged Biden’s Axe
President Biden signed the Inflation Reduction Act into law in August 2022. This is a trimmed-down version of the Build Back Better Act, a $1.75 trillion social spending initiative that had struggled to get votes in Congress. The expanded bill… read more…
- How to Roll Over a Pension Into an IRA
Private sector employers that once offered workers traditional pensions, typically defined benefit plans, have been encouraging people to roll over their pensions into tax-advantaged plans like individual retirement accounts (IRA) and 401(k)s. If you’re considering such a move, it’s important… read more…