Can You Guess How Many Americans Have $2 Million Saved For Retirement? It’s Probably Less Than You’d Expect While retiring with a $2 million nest egg might seem rare, it’s closer to what many Americans now believe they need to retire comfortably. A survey from Northwestern Mutual reveals that Americans feel they need $1.46 million […]
The 401(k) has become king of the retirement industry, knocking down its competition in pensions and overshadowing the contribution limits of the IRA — but it could use some improvement. In the last 40 years, the 401(k) plan has emerged as the most common way for employers to offer a retirement benefit to their employees. […]
insta_photos / Getty Images/iStockphoto There are a slew of different retirement accounts, and choosing one can be tricky. But for personal finance expert and New York Times bestselling author Suze Orman, a health savings account is “one of the best retirement accounts out there.” Read More: Suze Orman: 5 Social Security Facts Every Soon-To-Be Retiree […]
Sen. Joe Manchin (D-W.Va.) and a group of Republican senators are moving to overturn a new retirement investment planning rule that was finalized by the Labor Department last month. The Labor Department unveiled a new rule last month that would update the definition of an investment advice fiduciary under the Employee Retirement Income Security Act […]
Here’s a revealing data point: older Americans are scared more of outliving wealth than of death itself. And unfortunately, even retirees who have built a nest egg have good reason to be concerned – with the traditional approaches to retirement planning, income may no longer cover expenses. That means retirees are dipping into principal to […]
Svetlana Lukienko / Shutterstock.com Think it’s too late to retire rich if you don’t have savings in your 40s? Think again. With focused effort, it’s possible to go from financially strapped to millionaire status within a decade or so. Read Next: I’m a Self-Made Millionaire: Here’s My Monthly Budget For You: 4 Genius Things All […]
“We’re both in good health and get yearly exams with our primary-care physician, dermatologist, and optometrist.” (Photo subjects are models.) – MarketWatch photo illustration/iStockphoto Dear MarketWatch, My husband is 59 and I am 49. We would like to retire together in 2030, when he is 65 and I am 55. He earns $315,000 a year […]
Grant Cardone warns of a 50% pullback in Americans’ retirement accounts — here’s what he’s doing with his money The S&P 500 has surged by 27% in the last few months, leading to substantial gains for many Americans in their retirement portfolios. But according to real estate mogul Grant Cardone, danger could be lurking ahead. […]
At its most basic, creating a retirement budget is all about money in vs. money out. You figure out what kind of income you can reliably generate from your combined assets, then compare it against your household spending. If income surpasses spending, you’re set. If not, you need to make some adjustments. Need help creating […]
meshaphoto / Getty Images Figuring out how to balance and strategize the right kinds of retirement accounts to bring you the best tax benefits and income in retirement can be challenging. Be Aware: Here’s Exactly How Much Savings You Need To Retire in Your State Find Out: 5 Unusual Ways To Make Extra Money (That […]
What Size Portfolio Do You Need To Replace The Average Retirement Income From Dividends Alone? Retiring solely on dividend income is a dream for many investors. The appeal of passive income that covers living expenses without needing to sell assets is undeniable. But how much does one need to have invested to make this dream […]
freemixer / iStock.com If you’re between the ages of 57 and 75, you might be thinking about retirement, or already living the retirement life. You might consider selling off some of your assets to add to your cash pot. Check Out: 10 Things Boomers Should Always Buy in Retirement Learn More: 5 Unusual Ways To […]