Besides money, what are the essentials for a happy retirement? This checklist is a must-read for anyone who wants to have a really happy retirement.
If you are one of the 51 million Americans who have invested in a 401(k) plan, you are probably being ripped off. Read further to see why.
One important thing you have to consider when you plan your retirement is location. See the 3 worst states in America for retirement living in 2014, according to a recent study.
Did you know that older Americans spend more on home and home-related products and services than on health care? As they are nearing their retirement age, many Americans are asking themselves: “Should I pay off my mortgage?” Read further to see why you may want to
A recent tax court case decision changed the interpretation of the “one-rollover-per-year” rule, resulting in more restrictions on IRA rollovers. Starting January 1, 2015, you can make only one rollover from an IRA to another (or the same) IRA per year, no matter how many IRAs you have. However, you are still allowed to make as many transfers from trustee to trustee as you want and as many rollovers from traditional IRAs to Roth IRAs (“conversions”) as you want. Read more
Advice from Mr. Money Mustache who retired at 30 and has been a stay-at-home dad for the past nine years. For many Americans, the idea of early retirement must sound like a delusion. Our confidence that we have enough money saved for retirement has been at historically low levels according to the 2014 Employee Confidence […]
According to a report by Kaiser Family Foundation, a couple retiring in 2014 will spend an average of $220,000 out-of-pocket for a variety of expenses including Medicare premiums, supplemental insurance, hospital readmission and other medical services. Preparing for retirement is becoming increasingly more costly and it is imperative that one prepares for a comprehensive retirement
Newly released data from Fidelity Investments indicates that Americans are saving more for retirement. The trend is consistent across people in all age demographics over the past year, with IRA contributions reaching record highs. Given America’s obsession with short term gains in recent years, experts are encouraged at the development. Find out more here
Delaying one’s retirement is seemingly daunting, as many look forward to the relaxation and leisure associated with traditional retirement. However, this recent analysis finds that working for a longer time entails many benefits that transcend the benefits of a comfortable, but disengaged life. Working through retirement brings mental happiness as well as physical strength to ensure a longer, healthier life, and can bring more financial security.
Recent data predicts that by 2016, 401(k) funds, normally placed heavily in stocks, will perform worse than other investment options. This is alarming in terms of what it means for retirement of individuals who have worked so hard to preserve their future and ensure a secure, comfortable life after work. With 401(k)'s being heavily invested in stocks, it seems inevitable that there will be a massive shift towards IRAs in order to avoid financial disaster.
