Three U.S. senators have again asked Fidelity Investments to reconsider a decision to allow retirement plan participants to invest in bitcoin, saying the industry has become increasingly “volati...
Tag: Retirement
How $10,000 now will help my newborn granddaughter have a better retirement
Earlier this month, my wife and I were delighted to welcome a new granddaughter into the world, and we wanted to give her the very best gift that we could. My readers won’t be surprised to learn that ...
Why Your Money May Not Go to the Heirs in Your Will
Text size If you have given power of attorney to someone, you may have to sign a separate agreement at your bank to ensure access to funds. Dreamstime When it comes to distributing assets to loved one...
What Is My Coast FIRE for Retirement?
Person jumping with “FIRE” spelled out Adherents of the Financial Independence/Retire Early (FIRE) movement aim to reach a point where they don’t need ongoing income to retire and to get t...
Suze Orman ‘was so upset, honest to God’ when the government made it easier to tap your 401(k) in a time of need — she has one big reason why you should never borrow from your retirement
Suze Orman ‘was so upset, honest to God’ when the government made it easier to tap your 401(k) in a time of need — she has one big reason why you should never borrow from your retirement It migh...
The Average Retirement Age in The U.S.
Elderly Asian couple enjoying being outdoors Determining when to retire can be tough. There are various factors to consider, including your financial situation, your health, and the lifestyle you wish...
Does The FTX Bankruptcy Change Crypto Calculus In Your Retirement Account?
NurPhoto via Getty Images The collapse of the cryptocurrency exchange FTX sent ripples through the trading markets. And more. It’s a story that involves politicians, celebrities and, quite possibly, g...
5 Retirement Changes Coming in 2023
retirement changes tentpole Planning for retirement is one of the most important financial tasks most Americans have to consider. Almost no one wants to work forever, but those who fail to plan adequa...
Retirement savers seeking safe havens within 401(k) plans may rue it
Yongyuan | E+ | Getty Images Data suggests some retirement savers are seeking out safe havens within their 401(k) plans. But the move may hobble those investors in the long run; in fact, it may have d...
The secret to a happier retirement might be in your ‘retirement quotient’
You know all about IQ (intelligence quotient) and probably EQ (emotional quotient or emotional intelligence). But if you’re getting close to retirement or in retirement, you might also want to know ab...
IRS raises 2023 retirement savings cap, but few even hit it. Here’s what you can do about it.
Most of the news on inflation has been bad, but retirement savers may have been given a silver lining – if they’re savers and if they can afford to take advantage of it. The IRS lifted last month by a...
How to get a guaranteed retirement spending rate of 4.3%
Stop the presses! The 4% spending rule may be alive after all—at least for now. I’m referring to the famous research from William Bengen in 1994 that focused on how much a retiree could withdraw from ...
Market Losses Can Reduce Your Tax Bill for Years. Here’s How.
This year’s market mayhem could shave your tax bill for years to come. With just weeks to go, 2022 is poised for steep negative annual returns in both stocks and bonds, a correlated collapse that has ...
Can You Use Crypto for Retirement?
Many things have changed once the COVID-19 pandemic made its way to the table, and these days, people are constantly looking for creative ways to make and invest money, as well as save for their retir...
The ‘Retire Early with Digital Investing’ Financial Movement Modernizes Investing for Financial Freedom and Early Retirement – Profit Spotters
SAN JUAN, Puerto Rico–(BUSINESS WIRE)–Retire Early with Digital Investing (REDI), is a financial movement created by Profit Spotters to attain financial freedom and early retirement via digital invest...
Should You Accept an Early Retirement Offer?
Companies seeking to reduce or reshape their staff frequently offer employees a package of incentives to encourage them to leave their jobs voluntarily, often before their customary retirement date. I...
Fidelity, ForUsAll Start Rolling Out Crypto for Retirement Plans
Fidelity – a $4.5 trillion asset manager– said this fall that some of its 401(k) retirement plans have begun adding Bitcoin to their investment menus. Similarly, San Francisco-based 401(k) provider F...
Opinion: Forget the $22,500 limit, some workers can supersize their tax-deferred retirement savings up to $265,000 in 2023
If you really want to rev up your retirement savings and minimize income taxes, the best thing to be is a late-career professional in private practice. When you’re making a lot of money and are close ...
When retirement is a month away, here’s what you need to do
When retirement is coming up close—and you have that exciting date in mind—make sure you have everything organized to make it a seamless, enjoyable transition. Retirement Tip of the Week: Before you ...
The employee contribution limit for 401(k)s will now jump to $22,500 for 2023 — the largest-ever hike due to inflation. Here’s how that really helps your retirement goals
The employee contribution limit for 401(k)s will now jump to $22,500 for 2023 — the largest-ever hike due to inflation. Here’s how that really helps your retirement goals Big earners who are big...
Retired? Here Are 3 Things You Need to Get Right.
So much financial planning is focused on getting people to retirement. Planning and investing during those golden years is even more critical because missteps can be disastrous. Spending down money i...
Why retirement calculators fail the people who need them most — and what to do about it
Or were you so overwhelmed by the steps and questions that you only increased the amount you were saving by a little bit — or not at all? If you fall into the latter category, don’t feel bad. A new st...
Opinion: Your HSA can be an extra retirement savings — how to make smart choices during open enrollment
It’s open enrollment season, which means it’s time for most workers to choose benefits for the year ahead. Health insurance is one of the most popular benefits that workers review yearly, but there is...
Charles Schwab Reckons Crypto as Top Retirement Savings
On Tuesday, financial behemoth Charles Schwab published a study titled “401(k) Participant Study – Gen Z/Millennial Focus.” The report includes the findings of an annual online survey of 401(k) people...
Opinion: How a ‘529 solution’ can give gig workers health care and retirement benefits and boost the U.S. economy
U.S. workers are increasingly combining multiple income streams, moving from job to job, starting businesses, and craving more independence and control over their time. Changes to worker benefits must...