A senior may claim Social Security spousal benefits based on a younger spouse’s earnings history, but the younger spouse must have already claimed benefits. That’s the short answer to our second...
Tag: Retirement
Congress Could Change Your Retirement Plans. Is It Good or Bad News?
SmartAsset: Congress Could Change Your Retirement Plans. The House of Representatives and Senate are working along similar lines to reform laws governing retirement plans like 401(k)s and traditional ...
Schwab Says You Need This Much for Retirement
SmartAsset: How to Save for Retirement During Inflation A thousand workers told Schwab that they need an average of $1.7 million in savings to pay for retirement. But inflation, monthly expenses, stoc...
Expenses: How To Cut Them, Boost Retirement Savings
Why don’t you save more for retirement? Because you can’t afford to, right? But what if you could ax a big chunk of your expenses and funnel the difference into retirement savings? X Leadi...
How to Manage Income During Retirement
Retirement income functions very differently from income during your working years. When you were employed, you probably had a single employer and a single income source. As a retiree, you likely rece...
US Senators Send Letter to Fidelity Over ‘Ill-Advised’ Bitcoin (BTC) Retirement Plan
Three US Senators are writing to Fidelity’s chief executive over concerns about the banking giant’s ‘troubling’ plan to allow businesses to offer Bitcoin (BTC) as a retirement option. In the note, Sen...
Should you roll over your 401(k) to an IRA? Here are 3 tips for this key retirement decision.
In his classic tune “Roll Over Beethoven,” Chuck Berry famously belted: “Roll it over then move on up.” Well, if you’ve saved for years in a 401(k) plan, you’ll want to know how — or whether — to roll...
Have retirement savers been fooled by the bull market?
Today in Weird Retirement News: 75% of those currently saving through a workplace plan, such as a 401(k), are apparently expecting to make it through their entire golden years without even having to t...
These Senators Want To Know Why Fidelity Is Offering Bitcoin Retirement Plans
A group of U.S. Senator addressed a letter to Abigail Johnson, CEO of investment firm Fidelity, regarding its Bitcoin retirement plans. The document was signed by Senators Elizabeth Warren, Richard Du...
US senators call Fidelity’s bitcoin retirement plan “immensely troubling”
Democrat politicians have contacted Fidelity Investments CEO Abigail Johnson demanding to know why the firm would offer an asset as “volatile, illiquid, and speculative” as bitcoin in its 401(k) retir...
Congress May Soon Pass RMD Age Hikes And Retirement Aid For Student Borrowers
The House of Representatives has passed the SECURE Act 2.0, otherwise known as the Securing a Strong Retirement Act. This bill tweaks the laws around tax-advantaged retirement accounts in several diff...
Vince McMahon scandals, retirement heighten WWE sale speculation
World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller...
Sen. Lindsey Graham introduces legislation to raise mandatory pilot retirement age to 67
A pilot views a departure board at Newark Liberty International Airport (EWR) in Newark, New Jersey, on Monday, Jan. 3, 2022. Christopher Occhicone | Bloomberg | Getty Images As the country’s pi...
5 Common Questions About RMDs in Retirement
Required minimum distributions have been in the news lately as Congress works to pass the Secure Act 2.0, which would raise the age at which seniors must begin making withdrawals from employer-sponsor...
How to Invest During a Bear Market: 6 Tips
If you’re new to the stock market, you’ve probably had a rude awakening: The value of your investments has declined in the past few months. While that may be worrisome, don’t panic. A bear market—defi...
The Bear Market Has Brought ‘Fear and Uncertainty’ for Gen Z. How They’re Coping.
Ella Gupta made her first investment when she was 10. With the help of her parents, she took half the profits of her bracelet-making business and invested in the stock market. At 14, she opened a Roth...
How to Protect Your Retirement From Stock Drop: Morningstar
Those of you who are heavily weighted in stocks may be a bit concerned about the impact of the equity market’s decline on your retirement plans. Understandably so. The S&P 500 has slid 16% this y...
Turn Pennies Into A Retirement Fund With Gnox (GNOX), Polkadot (DOT) And Fantom (FTM)
Does the title sound too good to be real? Can someone really make a fortune out of pennies? Amid a brutal bear market, it feels like a sin to be even talking about such extravagant claims. However, hi...
6 Smart Strategies for Reducing Retirement Taxes
SmartAsset: 6 Strategies to Reduce Your RMDs Individual Retirement Accounts (IRAs), 401(k)s and other workplace plans can help you build wealth for the future while enjoying some tax benefits. There’s...
We have $1.5 million we don’t intend to ever use in retirement – how do we invest it if we plan on giving it to our kids one day?
I’m 59 years old, and my wife is older (retired early). I will be retiring next year after 40 years of Naval service and government contracting. After the recent market crash in 2022, we still have a...
Bear Market Have You Down? Here Are 3 Tips for Managing Anxiety During Tumult.
While investors and retirement savers grapple with a host of stressors from a bear market to surging inflation, financial advisors and psychologists say there are steps to take to ease anxiety. Illust...
Why Retirees Should Worry More About Longevity and Less About the Markets
A research paper by Wenliang Hou finds that retirees have an exaggerated sense of market volatility. Dreamstime Text size Market volatility may keep retirees up at night, but the biggest risk to retir...
Early Retirement Potential Investment Opportunities in Uniglo (GLO), Basic Attention (BAT), and THORChain (RUNE)
Advertisement     The idea of early retirement has changed over time. It no longer pertains to quitting your job and stepping away from the workforce. Today, it means ...
7 financial planning steps to take in the decade before retirement
The decade leading up to your retirement is one of the most critical periods for retirement planning. There are a number of financial planning issues to consider during this time period to help ensure...
I’ll be 65 soon, have $320,000 in retirement savings and a paid-off home but I’m $46,000 in debt – should I take more money out of my investments?
I’ll be 65 in a couple months. I retired at 63 and am currently receiving survivor Social Security payments (from my late husband). I plan on switching over to my Social Security at 70. I receive abou...
Understanding 403(b) Retirement Plans For Churches, Non-Profits And Schools
Churches, non-profits and schools can offer 403(b) plans for retirement. These are similar to 401(k) … [+] plans but 403(b) plans have some important differences. AFP via Getty Images If you’re ...
A psychologist’s 5 steps to stop panicking about your 401(k)
In the fall of 2008, when global stock markets were imploding, I happened to be in New York. I switched on the TV in my hotel room and saw financial commentator Suze Orman on Larry King Live. She took...
Worried your retirement savings will run out? These 5 states offer both adventure and affordability
Worried your retirement savings will run out? These 5 states offer both adventure and affordability After working for decades, retirement should be all about relaxing and getting some well-earned peac...
Public pension hole now $11,000 per U.S. worker
Top state and local pension funds lost $250 billion on the markets during the month of June and are down more than $600 billion for the year, according to a new study. The 100 biggest public sector pe...