Retirement
Latest Retirement News
We’re 60, Have $1.3 Million in 401(k)s and Will Receive $5,100 Monthly From Social Security. What’s Our Retirement Budget?
At its most basic, creating a retirement budget is all about money in vs. money out. You figure out what kind…
I Have $640k in an IRA and Will Get $1,900 in Social Security. Can I Retire at 65?
When it comes to evaluating your retirement options, this might be the single most important question in finance. Your age…
Understanding Safe Harbor 401(k) Rules for Matching
The safe harbor 401(k) is a retirement savings plan that satisfies IRS non-discrimination tests while promoting equitable employer matching contributions.…
Rollover IRA vs. Roth IRA
With a rollover IRA, you transfer money from a 401(k) or other employer-sponsored account into a new individual retirement account.…
Is It Wise to Convert 20% of My 401(k) into a Roth IRA Each Year to Avoid Taxes and RMDs?
With retirement planning and taxes, there are often two ways to look at a question: First, can you do something,…
How Much Should I Have Saved By Age 45?
Saving for retirement is a project that spans around four decades, and progresses through multiple stages. It’s not necessary to…
Amount of Retirement Savings By Gender
Men and women save for retirement differently. There’s a persistent and significant gender gap in the average retirement savings women…
Should I Take a $150,000 Lump Sum or $1,200 Monthly Payments for My Pension?
When companies offer a pension, it’s common to give retirees two options: collect the pension as a lifetime monthly payment…
We Have $1.2M in an IRA, Plus Another $750k and Social Security. Should We Shift Assets to a Target Date Fund or an Annuity?
Annuities and target date funds are popular assets for households who are either saving for retirement or already in their…
How Much Money the Average Person Has Saved at 50
The answer to this question will depend on your income, expenses and saving habits, among other factors. One reliable source…
