Saving enough for your golden years is only part of the formula for a good retirement.
We frequently see retirees who worked hard and socked away plenty of money, only to discover in retirement that they’re unhappy.
Some would rather continue
As you know, Social Security stands as one of America’s greatest assets to retirees.
Having robust assets might seem comforting, but at the end of the day, what really matters is income. It’s knowing that you are going to have
At a recent conference, retirement experts concluded that the lack of an easy withdrawal mechanism in 401(k) plans was the major challenge facing the 401(k) system.
In 2014, the Treasury Department and the IRS issued guidance that made fixed index
In 2015, Russell Karr moved from his job as vice president for operations at tea company Twinings North America into a new role as a consultant there. Same person, same company, same expertise—yet the two jobs were very different
The fourth largest economy on planet Earth is the equivalent of our country spends on healthcare annually. We spend more on healthcare than the entire GDP of Germany, the largest economy of the European Union.
17% of our $18.6 trillion
Regardless of where you are in the retirement planning process, it might be time to think about your future path. Through our experience, we have identified six paths retirees tend to follow.
It is important to note that a path
Individual Retirement Accounts, or IRAs, are wonderful retirement accumulation vehicles when utilized. Contributions are generally tax-deductible (with limitations), and the assets in the accounts grow without the burden of taxation until withdrawn. Distributions are generally taxed the same as
Below are the tasks you should complete ahead of your 65th birthday to ensure you have the right coverage in place for your unique healthcare needs.
5 months before your 65th birthday:
Learn about Medicare, including what it does and does
Most people don’t know much about retirement.
Fidelity Investments’ Retirement IQ test is a prime example of the lack of nest-egg knowledge. The company asked 2,054 adults in December, nearly half aged 55 to 65, eight fundamental questions about retirement
These days, the notion of running out of retirement income before your time runs out is a real threat. According to financial planners, a 4% rate of withdrawal on retirement assets is most likely to ensure that your income