Quick question: how many of you readers were “demanding” the internet in 1995? Or a GPS function on your mobile phone in 2005? The speculation here is that in 1995 no one reading this write-up had any...
Tag: Retirement
New England Patriots Captain Devin McCourty Announces Retirement After 13 NFL Seasons
Selected in the first round of the 2010 NFL draft, Devin McCourty’s New England Patriots career … [+] spanned 205 starts in the regular season. (AP Photo/Eric Christian Smith) Copyright 20...
When It’s Time to Stop Saving for Retirement
You’ve done all the right things—financially speaking, at least—in saving for retirement. You started saving early to take advantage of the power of compounding, maxed out your 401(k) and indivi...
Medicare and HSAs don’t mix — what near-retirees need to know
Dear Ms. MoneyPeace, I am retiring this year and trying to understand Medicare. At this point I am covered fully by a company plan. I turned 65 last fall and plan to retire in August or September. Wh...
We are in our 50s, living in California, and have $2 million in retirement savings. We want someone to tell us whether we can feasibly retire — what’s our best bet there?
Getty Images Question: We are a single income couple in Southern California, ages 56 and 54. We are looking for a fee-only financial adviser to assess our financial situation and provide a one-time co...
‘When we retire, we lose a lot.’ How to avoid retirement shock.
When I found myself unexpectedly packaged off by the bank, I was initially very happy. I was planning to leave anyway because the stress was getting to me. When the bank gave me a severance check at a...
7 Ways to Get Money in Retirement Without Working
7 Types of Retirement Income Sources When people retire, they go from having one main source of income to having several. The exact number of income sources and how heavily you’ll rely on them depends...
What Is ESG Investing—And Why Republicans Are Trying To Ban It From Retirement Funds
Topline The Republican-controlled House is expected to vote on a bill Tuesday that would block a Biden rule allowing retirement funds to take into account environmental, social and governance (ESG) in...
The SEC recently proposed new rules that could negatively impact millions of retirement savers — here’s what they are and how to keep your plans on track
‘Unworkable and costly’: The SEC recently proposed new rules that could negatively impact millions of retirement savers — here’s what they are and how to keep your plans on track The...
State IRA programs work toward closing the racial retirement savings gap
Maskot | Maskot | Getty Images The income and wealth gaps between people of color and white households is wide, but state-run retirement programs are attempting to help workers find parity. As many as...
Retirees Are Keeping Their Money Longer in Retirement Plans: Should You?
As you approach retirement age, you may be wondering what to do with the money in your retirement plan. In particular, you want to make sure you’re not losing money due to pesky fees and donR...
Older Americans increasingly struggling to save for retirement
For millions of Americans, saving enough for retirement is one of their biggest challenges, especially as recent Wall Street losses have led to shrinking 401(k) plans. Senior planning executive Daniel...
Moving in Retirement to Cut Tax Costs? Consider These 4 Factors First.
When an affluent suburban Chicago couple came to John Campbell, senior wealth strategist at U.S. Bank Private Wealth Management, planning to retire in New Mexico because of its weather and lower incom...
Bitcoin retirement plans elicit caution from regulators
Even as the crypto market continues to forge an impressive recovery from the 2022 bear market, the industry continues to attract the wrath of regulators worldwide, especially in the United States. Thr...
‘We love our forest life’: I’m 62 and work full-time. I own a $600,000 California home perched on the edge of wilderness. Has the time finally come to downsize?
Dear MarketWatch, I’m 62, and working full time making $60,000 a year. I have $31,000 in liquid assets and another $10,000 in a Roth IRA. I owe about $200,000 on my home in Northern California, which ...
Morningstar Says This Brokerage Account Can Help You Save More for Retirement Than a 401(k)
Morningstar Says This Brokerage Account Can Help You Save More for Retirement Than a 401(k) Many Americans save for retirement through 401(k)s. These accounts offer tax-deferred benefits, which means ...
Nearing retirement? Here’s how to shift your portfolio from growth to income.
Over the decades, perhaps you’ve been very good at saving your money and investing it for long-term growth. But when the time comes for you to stop working or to step back to a part-time job, you migh...
Should you buy an annuity for your retirement?
Annuities are a popular retirement income vehicle with many insurance agents, registered representatives and financial advisers. They probably have as many supporters as detractors. Here are some of t...
House price boom and gold-plated pensions to blame for wave of early retirement
House price boom and gold-plated pensions to blame for wave of early retirement Surging house prices and gold-plated pensions have helped to drive a wave of early retirement since the pandemic, MPs ha...
I’m High-Net-Worth & Approaching Retirement. How Can I Make Sure I’m Ready For the Transition?
A retired couple takes a walk on a beach. High-net-worth individuals use different retirement strategies to protect their assets. For anyone who anticipates retiring one day, planning is critical. Thi...
How Much Income Will I Need to Replace in Retirement? T. Rowe Price Says Start With This Percentage
SmartAsset: How Much Income Will I Need to Replace in Retirement? Retirement planning can be full of complicated calculations and projections. Whether you’re estimating a reasonable withdrawal rate fr...
How Delayed Retirement Credits Can Affect Early Retirement
Delayed retirement credits, which lead to larger Social Security benefits in the future, can be a financial windfall for individuals who earn them. They may be earned by deferring your Social Security...
Can I Contribute to an IRA After Retirement?
can you contribute to an ira after retirement An IRA (and its corollary, the Roth IRA) is a form of tax-advantaged retirement account that lets you save money during your working years so you can with...
Here are the 3 big reasons Dave Ramsey hates whole life insurance — do this with your hard-earned retirement savings instead
‘Absolutely horrible’: Here are the 3 big reasons Dave Ramsey hates whole life insurance — do this with your hard-earned retirement savings instead When it comes to whole life insurance, “...
I’m a single dad earning $100,000 – how do I maximize my retirement dollars?
Dear MarketWatch, I make over $100,000 a year, and expect to for the foreseeable future. As of now, I am contributing 8% of my income to my 403(b) with a 3% 401(a) match; all Roth. It would be more, ...
New estimates for retirement health care costs may be too low
Most Americans underestimate their health care costs in retirement, and that’s a problem because those future bills may turn out to be considerably higher than you expect. A 65-year old man enrolled i...
The Way Americans Retire Has Changed Forever. Saving a Nest Egg Isn’t Enough.
About the author: Martin Neil Baily is a senior fellow at the Brookings Institution. He was Chairman of the Council of Economic Advisers under President Clinton. He is the co-author, with Benjamin H. ...
Here’s where the 60/40 could really fail you. But a better option may be under your nose.
Only once in the past 100 years have America’s long-term savers done worse than they did last year. Only in 1974 — the year of Watergate, OPEC embargoes, gas lines and recession — did the standard, be...
Biden’s News Retirement Saver’s Match Could Help You Save More For Retirement
savers match secure 2.0 act The SECURE 2.0 Act was recently signed into law by President Biden. Coming just a few years after the first SECURE Act, this legislation makes a bevy of changes designed to...
Opinion: At last — somebody is trying to ‘save’ Social Security
Rude Europeans used to tell stories, possibly apocryphal, about American tourists who would ask for directions to a famous landmark while actually standing right in front of it. The Parisian would loo...