Siriporn Wongmanee / Eyeem | Eyeem | Getty Images The U.S. retirement system may seem flush — yet it ranks poorly in relation to those in other developed nations. Collectively, Americans had more than...
Tag: Retirement
3 Ways Retirees Can Inflation-Proof Their Portfolios
Rather than vanishing with the final days of summer, inflation has proven stickier than anticipated. For retirees, that means not just higher daily prices, but also the chance that their savings won’t...
Cash Is No Longer Trash. T-Bill Yields Near 4%.
Text size After years of yielding near zero, cash is suddenly a better investment. Eva Hambach/AFP via Getty Images Cash is no longer trash. For the first time in 15 years, investors can get nearly 4%...
Is it possible to save too much for retirement? The top 3 signs you’re going way overboard
Is it possible to save too much for retirement? The top 3 signs you’re going way overboard When it comes to retirement, you can’t save enough money — until you do. Saving for a post-work world i...
Why Total Yield Can Be a Savior in Volatile Markets
Text size MetLife is one of the financial firms that has thrived this year. Michael Nagle/Bloomberg Income investors are finally having their moment. In a volatile year for markets, which saw major in...
New 401(k) statements could confuse folks about their retirement savings
There’s a new twist to your quarterly 401(k) statement that may merit an extra look. For the first time, 401(k) statements will feature a lifetime income illustration which shows the monthly income yo...
How Retirement Savers Should Prep for The End of the Bull Market
Image shows a pull figurine signifying a bull market. T. Rowe Price says investors should expect lower returns in the midterm. In 2022 the S&P 500 had its worst annual first-half in five decades. ...
Senators introduce the next retirement savings proposal – the EARN Act
The EARN Act is the latest addition to the lineup of proposals legislators have put forth to bolster retirement savings. Senators Ron Wyden, a Democrat from Oregon, and Mike Crapo, a Republican from ...
Democrats Want to End Lucrative Retirement Loophole
Democrats are proposing a number of tax reforms related to retirement accounts, including the elimination of backdoor Roth IRA conversions for the wealthiest Americans. Congressional Democrats want to...
How to Get Uncle Sam to Contribute to Your Retirement Savings
What is the Savers Credit? And how do you qualify for this special tax credit? Retirement Daily’s Robert Powell caught up with Jeffrey Levine, CPA and tax pro from Buckingham Strategic Wealth Pa...
Is it possible to save too much for retirement? Here are the top 3 signs you’re going way overboard
Is it possible to save too much for retirement? Here are the top 3 signs you’re going way overboard When it comes to retirement, you can’t save enough money — until you do. Saving for a post-wor...
Do I have enough cash to cover my own health care needs in retirement? Here is the simple math you need to figure it out
Do I have enough cash to cover my own health care needs in retirement? Here is the simple math you need to figure it out Baby boomer couples should expect to shell out $315,000 during a 20-year retire...
Kings & Aristocrats: 5 Retirement Favorites
Cash is king, economic treasure and financial successful retirement conceptual idea with gold metal … [+] crown on pile of 100 dollar bills isolated on white background Getty With the average di...
Target CEO Brian Cornell to stay on for three more years, as company scraps retirement age
Brian Cornell, Chairman and Chief Executive Officer of the Target Corporation. Anjali Sundaram | CNBC Target CEO Brian Cornell has agreed to stay on in his role for about three more years, as the reta...
We earn $7K a month, have $798K in retirement and will get pensions. But we want to help our child buy a house, and my wife wants to retire at 55. Do we need professional help?
How to find the right financial adviser for you Getty Images/iStockphoto Question: As teachers, my wife and I bring home $7,000 a month combined. We save 20% of our income in pre-tax 403(b) contribut...
I Lost My Job. Can I Tap Retirement Accounts Without Penalties?
Michele Cagan is an Ask an Advisor columnist I lost my job last year and need to take care of a parent. In doing that, I must withdraw money from my retirement. I don’t understand the tax implications...
4 Sources of Income for Your Retirement
After a lifetime of working and saving, retirement is the light at the end of the tunnel. Most of us envision it as a time of rest and relaxation when we enjoy the fruits of our labors. We envision a ...
Investors Are Suing Companies Over This Poor-Performing Retirement Fund. Do You Have One?
Target-date funds may be cramping your retirement. Between July 29 and Aug. 2, lawyers representing current and past participants in six separate retirement plans filed suit against their employers an...
The 6 Things Georgetown Says Affects Your Retirement The Most
SmartAsset: How these six themes can carry you in retirement The AgingWell Hub at Georgetown University recently released a study that helps readers imagine how different retirement journeys might loo...
Ranking Your 401K Account Against Your Peers
Once in a while, U.S. retirement savers should sit down and compare their 401k amount totals with peers in the same age group. That task is made easier by the California Society of Certified Public Ac...
Serena Williams Stuns World No. 2 Anett Kontaveit at U.S. Open To Postpone Retirement Yet Again
Serena Williams, of the United States, returns a shot to Anett Kontaveit, of Estonia, during the … [+] second round of the U.S. Open tennis championships, Wednesday, Aug. 31, 2022, in New York. ...
Dreaming of a Big Inheritance? Don’t Count On It, Financial Advisors Say
Separating fact from fantasy is one of the most valuable services that financial planners can provide to their clients. And a common financial fantasy is that our parents will leave us a sizable inher...
If you think you’re ready for retirement, think again
Suze Orman: If you think you’re ready for retirement, think again Everyone hopes that their reward for decades of hard work will be decades more to enjoy the fruits of their labor. But if you as...
Here’s how much the typical baby boomer has saved up for retirement — how do you stack up right now?
Here’s how much the typical baby boomer has saved up for retirement — how do you stack up right now? The 71.6 million men and women of the postwar baby-boom generation started hitting retirement...
Serena Williams Fends Off Retirement At U.S. Open. Is She Poised For A Jimmy Connors-Type Run At Age 40?
Serena Williams, of the United States, serves to Danka Kovinic, of Montenegro, during the first … [+] round of the US Open tennis championships, Monday, Aug. 29, 2022, in New York. (AP Photo/Fra...
How much do I need to retire? 11 big retirement questions answered
I spend a significant amount of time reading the viewpoints of people who are planning for retirement or who are already retired. My frequent reaction: What are they thinking? When I review retiremen...
Here’s What a $2 Million Retirement Looks Like in America
For many Americans, retirement advice is limited to encouragement to save more or warnings that they haven’t saved enough. But most people get little guidance or give little thought to what to do with...
I’m 62, single and never had a retirement account. I have $100,000 to invest, but is it too late?
I am a 62 year-old single man and have never had a retirement account. I do own both my home and a rental property which are paid for and I have no other debt. I have $100,000 in savings which I would...
My $10,000 in student debt is canceled. What should I do now? Save for retirement, invest in the stock market and bonds — or buy a home?
President Joe Biden made a long-awaited announcement in August that individuals earning less than $125,000 a year would have $10,000 in federal student loan repayments forgiven, but that would rise to...