Generation Z will soon surpass millennials as the most populous generation on earth, with more than a third of the world’s population counting themselves as Gen Z. And this group is motivated to retir...
Tag: Retirement
‘We are not sure how prepared we are for retirement’ – we are 60 and 61, and don’t know how much longer we can work, have $360,000 in retirement savings and a pension
I am a 61-year-old teacher in Missouri who plans to work 3-4 more years before retiring. Depending on what option my husband and I choose from the Public School Retirement System, we should get betwee...
Here’s a New Way to Generate Lifetime Income for Retirement
SmartAsset: Here’s a New Way to Generate Lifetime Income for Retirement Many adults approaching retirement age have little to no retirement savings. In fact, the U.S. Government Accountability O...
Millennials have solved the retirement crisis
Wow. It looks like millennials have totally solved the retirement crisis. And it turns out it was a lot easier than anyone realized. The solution? Cryptocurrencies, of course. A new survey of 4,000 pe...
More than a quarter of U.S. millennials plan to use crypto to fund retirement
According to a recent survey published by Investopedia, 28% of the U.S. millennials polled said they expect to use cryptocurrency to support themselves in retirement — a figure that was higher than th...
‘Retirement for most people is financial suicide’
Laurence Kotlikoff, the brash Boston University economics professor and Social Security expert, doesn’t mince words. “We Americans are financially quite sick,” he writes in his new book, “Money Magic:...
I’m 41, my partner is 50. We have $800,000 in retirement savings and make $250,000. We want to retire ASAP but know our money won’t last us our lifetimes – what can we do?
I love reading your responses to everyone’s retirement questions, but realized that I haven’t seen one that matches up closely to what I’m hoping to do. I am 41, and my partner is 50. We are both empl...
4 Big Expenses You Could Face in Retirement
Retirement planning is part savings, part guessing game. While many of your day-to-day expenses will remain the same, there are big-ticket categories that can take a large bite out of your savings. Th...
Want to Unload That Investment Property? What Advisors Recommend.
With valuations high and many boomers gearing up for or entering retirement, many investment property holders could be rethinking their strategy around real estate ownership. It’s a big issue for many...
Job loss — not resignation — drove the pandemic’s retirement boom
Many older workers exiting the workplace during the pandemic were not part of the Great Resignation, a new study found. They were pushed out of the labor force. Since March 2020, 1.1 million more Amer...
Three painful ways in which inflation is ravaging seniors’ retirement income
In times like these, Mary Johnson is willing to break the rules — at least when it comes to some of the classic axioms of investing. She’s gone heavy into stocks even though senior citizens like herse...
Want to Add Crypto to Your Retirement Portfolio? Here’s How, and What to Consider.
With many cryptocurrencies surging last year as the overall market surpassed $3 trillion in value, a growing number of retirement savers are looking for ways to tap into the potential. Before joining ...
Opinion: This simple change in words can dramatically increase retirement savings
In today’s increasingly complex financial world, individuals are faced with many competing financial priorities — from student debt to emergency healthcare expenses, just to name a few. As a result, n...
Should I use a 401(k) or an IRA to save for retirement? A traditional account or the Roth version? Here’s what to know
You can save on taxes while saving for retirement by using an IRA or a 401(k). But deciding the best account is not always straightforward. There’s also the Roth option for both, meaning four choices,...
Your 401(k) Statement Will Soon Have Lifetime Income Estimates. What to Know.
Participants in 401(k)s should begin seeing a “lifetime income illustration” on their statements this year, getting an estimate of how much guaranteed monthly income their current account balance woul...
How Can I Maximize Growth and Minimize Taxes in Retirement?
Tanza Loudenback, CFP® Are there investment strategies that take into consideration growth and taxation post-retirement?– Julie One of the keys to maximizing growth and minimizing taxes in retirement ...
I’m 67 and retired with $57,000 left on my mortgage and $600,000 saved for retirement — should I pay off my home now?
I am 67 years old, single and retired at 66. After taxes, I receive $3,100 per month from a pension. After taxes and my Part B Medicare payment, I receive $2,100 per month from Social Security. I have...
My husband and I bought a retirement condo in 2008, and he died two years later. The condo is worth $50,000 more than we paid. Should I sell it now or wait?
Dear MarketWatch, I have a condo in Palm Desert, Calif., that my husband and I were going to retire to. We also have another primary residence in nearby Riverside. We bought the condo in 2008 for $363...
Andrew Miller’s Retirement Serves To Remind How Hard It Is To Find The Next Andrew Miller
CLEVELAND, OH – OCTOBER 15: Andrew Miller #24 of the Cleveland Indians celebrates after striking … [+] out Josh Donaldson #20 of the Toronto Blue Jays in the top of the eighth inning durin...
Opinion: How to make your money last in retirement
Lots of research has been done on the best way to generate retirement income. It’s one of the most popular financial topics. I think this popularity is driven by two things: its obvious importance—and...
How the Secure Act Could Trigger Higher Taxes for Some Retirees
Text size Delaying required minimum distributions of tax-deferred accounts, as proposed in the Secure Act 2.0, could be a mixed blessing for retirees. Lightfieldstudiosprod/Dreamstime At first glance,...
Senators Plan Bipartisan Retirement Package as House Poised to Pass Secure 2.0
Retirement experts urged lawmakers Tuesday to take action to expand the availability of workplace savings plans and to level some of the barriers that have kept workers from putting more money away fo...
How an IRA Works After Retirement
An individual retirement account (IRA), as the name implies, is a place to store those golden nest eggs for the golden years. But here’s an interesting fact: Many senior workers and new retirees...
Bill extending 401(k) withdrawals and boosting auto-enrollment in retirement accounts passes House
Americans may have more help in the fight to save for retirement after the U.S. House on Tuesday overwhelmingly passed a bill that aims to bolster workplace plan options. The House passed the Securing...
RMD Age Stands to Rise to 75 as House Passes Secure Act 2.0. Here’s What to Know.
Dreamstime Text size The second major piece of retirement legislation in little more than two years advanced in the House on Tuesday, putting required minimum distributions in line to rise to age 75 o...
What Percent of Your Salary Should Go Toward Retirement
How much money you need to live financially comfortable during retirement varies widely depending on the individual. There are plenty of proposals on how much retirement savings you should have. Meanw...
Retirement-Reform Bill Could Slash Taxes
Congress is working on some major revisions to the 2019 law that overhauled retirement tax rules for older Americans – and the changes could mean big savings for your investment portfolio and nest egg...
I’m 61, left my job due to medical reasons, and made $150,000 from the sale of my home. I’d like to work for at least another 5 years. Can I still retire? If so, how?
Dear Quentin, I recently sold my house and had to leave my job due to a medical issue that was easily resolved, and I am now fine. I have approximately $150,000 in my checking account from the sale of...