Category: Retirement

A retirement fund is a personal expense account for retirement living. The amount of money you have in your retirement account must sustain you for the rest of your life after you retire. The average man lives to be 74 and the average woman lives…

Retirement marks the end of an era. Your parent is taking a step back from the workforce and focusing more on how they want to spend their days. That makes it a moment worth celebrating and a perfect moment to give them a gift to…

When retirement is on the horizon, changing economic situations may make you hesitant to pull the trigger. One prime example is the high rate of inflation that’s occurring today. Prices in many areas are skyrocketing, dramatically decreasing the purchasing power of many households. Since retirement…

Running out of money is a big fear for many retirees. And unfortunately, depleting your nest egg in retirement is a real risk. Half of all Americans over the age of 65 who live alone don’t have enough financial assets to cover their basic needs….

When you are planning for or nearing retirement, one question gets stuck in your mind: Should you take the lump sum or choose the annuity for your pension? Taking the lump sum means you’re going to receive the pension in full, while an annuity is…

You’ve been carefully planning and saving for retirement for decades. The last thing you want is to run out of money during your golden years and be forced to go back to work. That’s why it’s important to calculate a sustainable withdrawal rate for retirement….

  You have probably already calculated for major expenses during your retirement years such as housing, utilities, and groceries. But chances are you likely overlooked some important expenses. Here are 10 commonly overlooked retirement costs that you should include in your calculations to ensure you…

Due to the uncertainty the pandemic has caused, you may think it’s impossible to retire comfortably in 2022. Although COVID-19 has lead to inflation and other economic challenges, you can still exit the workforce this year and enjoy your golden years with some advance planning….

The start of the year is a great time to review your finances and make sure you’re on track for long-term goals like retirement. If you’re thinking about adjusting your retirement contributions, then you’ll need to know about 401(k) changes for 2022. The IRS recently…

Millennials Making Monster Market American adults between 30 and 50 years of age will push the stock market to new highs over the next 14 years, according to institutional analyst Tom Lee. Lee works for Fundstrat, an analytics research firm. The former J. P. Morgan…