Gareth Bale, center, celebrates during LAFC’s MLS Cup victory parade and celebration on November 6 … [+] in Los Angeles. Getty Images Perhaps country music star Toby Keith best summed up G...
Tag: Retirement
‘It feels like I’m holding two full-time jobs:’ I’m 65, retired and have a $2K pension. I own rental properties, but they’re stressful to maintain. Should I keep them or sell?
Dear MarketWatch, I’m a 65-year-old married man in Southern California. I retired about 5 years ago, and have very little in pension payments of about $2,000 from my old job, without any medical benef...
6 Surprising Facts About Retirement
Retirement is a topic that regularly makes headlines and not all of them are encouraging. Americans are living longer than ever before. However, if you assume most people are saving more to prepare fo...
Can I Use Retirement Funds to Buy a Second Home?
SmartAsset: Can You Use Retirement Funds to Buy a Second Home? Can you use retirement funds to buy a second home? Technically, yes. Retirement funds are funded with your money. But perhaps a better qu...
Even the rich think it’s going to ‘take a miracle’ to be ready for retirement — here’s how to catch up on your savings
Even the rich think it’s going to ‘take a miracle’ to be ready for retirement — here’s how to catch up on your savings If you’re planning on putting your feet up by the coast and sipping m...
Do Retirement Accounts Go Through Probate?
Probate is a legal process that authenticates and validates someone’s will. The process involves the review of a deceased individual’s assets and determines their heirs. While probate isn&...
I am 60 and plan to retire in March. I have $113K in my 401(k) and no other savings, but I will get an early retirement package of 9 months salary. Should I get a pro to help me?
Question: I am accepting an early retirement offer from my long-term employer of 24 years. In March of 2023, I will retire and receive nine months of salary as well as my benefits. During this time I ...
Investors who did this one thing survived the markets in 2022
Forget inflation. Forget oil prices. Forget Vladimir Putin’s invasion of Ukraine. Forget layoffs in the tech sector. Forget the yield curve. When I sat down to write about what worked for investors in...
Why this Japanese idea can lead to a more fulfilling retirement
Typical New Year’s resolutions, financially speaking, tend to be things like:” I’ll save more,” “I’ll reduce debt” or “I’ll become smarter about investing.” I’d like to offer a different one for 2023,...
Fund a Roth 401(k) if You’re in a Low Tax Bracket. Here’s Why.
If you’re not earning big bucks this year, consider saving money in a Roth 401(k) instead of a traditional 401(k). Roth contributions make sense when your current tax rate is less than your rate in re...
4 Lucrative Loopholes That Can Get You Early Access to Retirement Funds
news magnet early access to retirement Generally, when you save for retirement, your goal should be not to touch the money until you are actually retired. Sometimes, though, life gets in the way and y...
6 Tips Americans Follow to Maximize Retirement Savings: Are You Keeping Pace?
SmartAsset: 6 Tips Americans Follow to Maximize Retirement Savings While inflation and market volatility loom over the U.S. economy, a new survey by Principal Financial Group shows that 59% of respond...
2023 Retirement Contribution Limits
SmartAsset: 2023 Retirement Contribution Limits Funneling money into a tax-advantaged account, such as an IRA or a 401(k) is a must if you’re banking on enjoying a comfortable retirement. These ...
What’s In The Secure 2.0 Act? What The Government Spending Bill Means For Investors And Retirement
| Getty Images Key takeaways SECURE 2.0 comes on the heels of the original SECURE Act passed three years ago, expanding retirement account types and eligibility. There are new rules for those approach...
Here are the biggest retirement changes coming in 2023
Surging inflation this year smashed retirement savings accounts and left retirees battered by escalating prices from gas and food to monthly rent. The fallout from higher prices transformed the landsc...
How Much Do Millennials Need To Save for Retirement?
Retirement Savings Needed by Age and Multiples of Salary Lifestyle Age 30 Age 35 Age 40 Age 45 Age 50 Age 55 Age 60 Age 67 Average 1X 2X 3X 4X 6X 7X 8X 10X Source: Fidelity Investments If your plan i...
New bill allows unused 529 college funds to become a retirement tool
Nestled in the $1.7 trillion spending bill passed last week is a nugget of good news for Americans with unused funds in their 529 plans that help families save for college. Section 126 of the bill ame...
With this simple year-end change to your retirement accounts, you can reap significant tax rewards
If you are a middle-income earner, you may be in a much better position tax-wise than you realize. That’s good news: You may be able to take advantage of that better position to strengthen your retire...
Here’s What a $1 Million Retirement Looks Like in America
Once a symbol of extravagant wealth, $1 million is now the retirement-savings goal for millions of Americans. For retirees able to accumulate $1 million in savings, the funds translate into inflation-...
What Are Qualified Retirement Plan Types?
A qualified retirement plan is simply a plan that meets the requirements set out in Section 401(a) of the U.S. tax code. This does not mean that other types of plans are not available to build your ne...
How to Factor Family Into Your Retirement Plan
How Can Family Be Factored Into Retirement Planning? Factoring family into your retirement plan—and other aspects of annual financial planning—often calls for significant change. Your retirement plan ...
How to Calculate Your High-3 for Federal Retirement
SmartAsset: How to Calculate Your High-3 for Federal Retirement Federal workers receive a monthly income in retirement based on specific formulas. While these formulas vary depending on certain factor...
Not All Retirement Accounts Should Be Tax-Deferred
Millions of Americans sock money away every year in individual retirement accounts (IRAs), annuities, and employer-sponsored retirement plans. The tax deferral that these plans and accounts provide is...
A Reckoning for Crypto and FTX
To the Editor:I’ve been hoping for some sort of catalyst that would implode the crypto market, and it has finally happened (“The Crypto Ice Age Is Here. What’s Ahead for Bitcoin and the Stocks,” Dec. ...
I Changed My Investment Strategy This Year and Prepared for How It Went
Barron’s Staff Illustration Text size In recent weeks, I’ve gone from passive investor to a sort of living room corporate treasurer, scrounging for ways to boost the yields of my portfolio by a few ba...
If You’re Ready to Retire, Consider These Cities
When you enter retirement, the first question is where will you live? To help you answer it, Storage Café, an online storage-unit listing service, has put together a ranking of the largest 100 metropo...
Yes, You Can Benefit From Rising Rates—Here’s How
Getty Images The Federal Reserve finished the year with yet another interest rate hike. If inflation slows as expected, analysts still expect further increases of at least 75 basis points. You know ho...
What’s in the new $53 billion retirement bill now headed to President Biden’s desk
Nestled inside the $1.7 trillion government spending bill, which has passed Congress and is headed to President Biden’s desk for a signature, is a suite of significant reforms to the private ret...
Opinion: Roth IRA conversions: Take advantage of this limited-time offer to save on taxes
No one likes taxes, but everyone loves a sale. So the idea of a major blowout on Roth conversions in 2023 — a limited time offer, no less — might make it enticing to pay taxes now to avoid them in the...