Planning
Showing 50 results of 462
If You Have a Pension, Smart Tax Planning Should Start Now
May 03 2024
Adding pension income to Social Security benefits and income from required minimum distributions could see you facing a tax torpedo and higher Medicare costs....
kiplinger.com
A Quarter of Women in the Workplace Fear They’re “On The Wrong Track” For Retirement
May 03 2024
Survey reveals gender gap in retirement readiness and confidence among employer-sponsored retirement plan participants In a year wheremore Americans are reaching 65than ever before, lingering economic...
wiserwomen.org
Retirement Planning for Women Can Be Harder: Here’s How To Do It
May 03 2024
Insights regarding challenges women face while trying to meet retirement savings goals and what they can do about it. Women differ from men in countless ways, including how theyplan for retirement. GO...
wiserwomen.org
Why Gen X Can’t Retire
May 03 2024
Roughly 13 percent of Gen X-ers in the United States—ages 39-64—are still paying off student debt, with an average of $40,000 threatening their potential retirement plans in a decade or so...
wiserwomen.org
ProjectionLab Review: Powerful DIY Financial Planning (+ Video)
May 02 2024
ProjectionLab is a powerful financial planning toolthat empowersdo-it-yourselfersto set and track financial goals and forecast how their wealth will change over a lifetime. We can use it to experiment...
retirebeforedad.com
Plan Sponsors Focused on Reining in Fees: Callan
May 02 2024
2024 DC Trends Survey shows reviewing plan fees a top priority...
401kspecialistmag.com
Younger Participants Show Strong Interest in 401(k) Plans
May 02 2024
Findings from the EBRI/ICI database show that 40% of plan participants are in their twenties…...
401kspecialistmag.com
As You Sow Calls Out Big Tech for $5 Billion Loss in 401(k) Returns
May 02 2024
A report by the corporate social responsibility non-profit analyzed 401(k) plans of 12 tech…...
401kspecialistmag.com
Why the U.S. Slipped Even Further Down the List of Best Countries for Retirement
May 01 2024
Plan your dream retirement with Money’s guidance. Explore our retirement planning sources and discover our top pics for ideal retirement destinations. Wondering about 401(k)? Understand the bene...
money.com
Americans Are Starting to Feel Optimistic About Retirement Again: Survey
May 01 2024
Plan your dream retirement with Money’s guidance. Explore our retirement planning sources and discover our top pics for ideal retirement destinations. Wondering about 401(k)? Understand the bene...
money.com
I discovered that you can announce your retirement too early.
May 01 2024
Early this month I had my annual review with my supervisor. I'm 65 and he asked my plans for retirement. I was honest and said I'd retire at the end of 2024, when I'm 66 and after I finished some majo...
reddit.com
Why are we afraid of retirement?
May 01 2024
I retired last year at 60. My wife plans on retiring next April at 60 as well. We’ve done ok in life relatively speaking. We will be able to buy a retirement home and live near our kids fairly c...
reddit.com
Can I wing it without a financial planner?
May 01 2024
My credit union has financial planners who, for a limited time, are offering to create a financial outlook/plan for retirees at no cost. My contact there also draws commissions from certain investment...
reddit.com
The ‘Best’ Medigap Plan Is Not Really The Best
Apr 30 2024
Plan F was once called the Cadillac of Medigap plans, but after the Medicare Access and CHIP Reauthorization Act of 2015 it's more of an Edsel....
forbes.com
Medical Practice Valuation: Understanding the Process and Importance for Practice Owners
Apr 29 2024
What is a doctor’s office worth if you plan to sell and retire? Recently, my father has been considering selling ... Read more...
physicianonfire.com
Interview With The Mad FIentist
Apr 29 2024
The Mad FIentist (Brandon) is a FI legend. Many of his posts are cornerstone content for planning and executing FIRE life. These stand out: And my all-time favorite: How To Access Retirement Funds Ear...
1500days.com
FTC Ban On Noncompete Agreements May Undermine Your Estate Plan
Apr 27 2024
The FTC recently prohibited non-competition agreements (and non-disclosure or non-solicitation agreements),. This may adversely impact estate and succession planning....
forbes.com
Plan Ahead To Prevent The Retired Widow’s Money Crunch
Apr 26 2024
It’s inevitable that one spouse or partner will live alone at some point in their life; plan ahead to make sure the survivor will be OK financially....
forbes.com
Weighing the Pros and Cons of Medicare Advantage Plans
Apr 25 2024
Are Joe Namath and William Shatner giving you the best possible advice about Medicare? During the Medicare Open Enrollment period last fall, you probably saw TV ads for companies selling Medicare Adva...
keenonretirement.libsyn.com
Tax Planning for Widowed Retirees: How to Optimize Your Tax Strategy
Apr 24 2024
Jennifer, 54, plans to retire soon. Her husband, 70, is retired, on Social Security, and dealing with some severe health issues. Jennifer worries about possibly becoming single in retirement, which co...
buzzsprout.com
No more market slumps as "buying opportunities"
Apr 24 2024
When I was working full-time, and putting away money into my retirement plans and after-tax accounts, I could always put a smiley-face on long-term market declines by thinking of those times as "buyin...
reddit.com
U.S. Immigration Trends Create A New Market For Retirement Planning
Apr 23 2024
There are 46 million foreign-born people in the United States, creating a new, diverse market for financial services, employers, and financial professionals to discover....
forbes.com
Reader Guest Post – Adventure Before Dementia
Apr 22 2024
Today, I bring you a guest post from a couple of nomadic retirees, Tom Swan and Georganna Hawley. They’ve been living a nomadic lifestyle for about two and a half years and have no plans for sto...
caniretireyet.com
We are trying to decide where to live in retirement. How did you decide?
Apr 21 2024
We are considering/planning to move after I retire next year. We've already been taking week-long vacations in various potential places, but after the last two, I'm beginning to wonder if that is real...
reddit.com
What to Do When Your 401(k) Leaves Something to Be Desired
Apr 20 2024
Over the course of a career, the high fees and a lower-quality menu of investment options found in some plans can shrink your balance significantly....
nytimes.com
Employees Unhappy with Retirement Benefits
Apr 20 2024
The report by Nuveen analyzes how plan sponsors can use employee feedback to restructure…...
401kspecialistmag.com
3 Ways Financial Education Empowers Plan Sponsors and Employees at All Levels
Apr 20 2024
Jeremy France of Morgan Stanley underscores how utilizing financial education can drive…...
401kspecialistmag.com
Corporate Roundup: ‘Father of 401(k)’ joins Salt Labs, Ascensus Appoints SMB Leader
Apr 20 2024
Inventor of the 401(k) plan Ted Benna teams up with Salt Labs while Ascensus appoints its…...
401kspecialistmag.com
Podcast: Dr. Jordan Hutchison on the Future of Financial Planning, Financial Education, and Flow States
Apr 19 2024
In this New Retirement Podcast episode, host Steve Chen and guest Dr. Jordan Hutchison, Vice President of Technology for RFG Advisory, delve into the evolving landscape of financial planning. They dis...
newretirement.com
What is Consumption Smoothing? And, Why Is It Important if You Want Long Term Financial Stability?
Apr 19 2024
Consumption smoothing is a financial planning concept developed and tested by economists. It refers to the somewhat aspirational idea that people strive to maintain a relatively stable and predictable...
newretirement.com
Your Most Powerful Retirement Planning Tool
Apr 16 2024
An agile retirement plan is your map for living a fulfilling life in retirement. Without one, you risk missed opportunities and perhaps regrets....
forbes.com
A Litle Extra Planning Can Avoid “Heir Wars”
Apr 15 2024
A lot of an estate can be wasted on lawyers' fees when wills or trusts have built-in conflicts....
forbes.com
Consolidating Accounts as part of estate planning
Apr 15 2024
My wife and are are heading toward retirement and will be updating our wills/estate plans. We are both quite active and mentally sharp; both have advanced degrees, but my family has a history of Parki...
reddit.com
What Does Your Peace Of Mind Look Like? Finding Financial Tranquility In A Volatile World
Apr 14 2024
Peace of mind looks different from one person to the next, and we must not presume what will bring it—and what will take from it—in financial planning....
forbes.com
Guide to Retirement Planning for the Self-Employed
Apr 13 2024
Self-employed workers lack employer-sponsored retirement plans but have other options for tax-advantaged retirement accounts....
money.usnews.com
Unveiling The Hidden Benefits Of HSAs For Retirement Planning
Apr 12 2024
It’s no secret that Health Savings Accounts (HSAs) are intended to help with the burden of medical costs, allowing the account holder to contribute pre-tax dollars to ......
forbes.com
Part D Plans Ramp up Restrictions on Medications
Apr 12 2024
The Inflation Reduction Act signed by President Biden in 2022 somewhat limits how much retirees will pay out of their own pockets for medications this year. Next year, the law imposes a hard cap of $2...
crr.bc.edu
What’s Your Why? How to Set Life Goals and Create a Financial Plan for Achieving Them
Apr 12 2024
Setting long-term financial goals is really important. However, the most important long- and short-term financial goal actually has nothing to do with money. Before determining when you can retire and...
newretirement.com
Retirement Income Planning Mistakes
Apr 12 2024
Retirement income planning can create the foundation for a successful retirement. In this episode we discuss a few critical mistakes to avoid and strategies designed to help create long term retiremen...
retirementroadmappodcast.podbean.com
56 years old, Retirement accumulation TIAA-Cref
Apr 12 2024
Hi been with same institution for 27 years. Not a high income earner, current salary is $63k. The retirement plan work is employer 5% to get the employer 9% “match”, which I’ve been ...
reddit.com
Revocable Trusts: The Most Common Trusts in Estate Planning
Apr 10 2024
Revocable trusts allow the trust maker complete control over the assets and can be quite efficient when it comes to capital gains and income taxes....
kiplinger.com
Corporate Roundup: Ascensus Surpasses $1B in State-IRAs, NEPC Names DC Solutions Lead
Apr 10 2024
Ascensus passes $1 billion in state-facilitated retirement plans, NEPC announces new head of…...
401kspecialistmag.com
Rural retirement seems like a bad idea
Apr 10 2024
I'm curious about people's opinions and experiences with rural retirement. I've read on this forum and others about folks retirement plans. Many seem to involve moving to an idyllic rural location suc...
reddit.com
Help - Retirement Asset Draw Down Plan
Apr 10 2024
Maybe not a good title. My (64M) wife (63F) retires in less than 3 months. I plan to retire in June of 2025. This will allow us to cobra my wife’s healthcare until she’s 65. We have about ...
reddit.com
Ask Better Retirement Questions
Apr 10 2024
Have you been wondering what retirement is like for real retirees out in the wild? With the success of our Retirement Plan Live series, we decided to try mini-case studies to learn more about what ret...
rogerwhitney.libsyn.com
This Week In Retirement Planning: Social Security, Index Funds, And Bonds
Apr 07 2024
I also share links to valuable research tools and model portfolios from the week....
forbes.com
Why Don’t We Do What We Know We Should Do With Our Money?
Apr 07 2024
Financial planning is less about knowing what to do and more about doing what we know....
forbes.com
National Retirement Plan Would Lift Low-income Saving
Apr 05 2024
Virtually all high-income workers in this country are saving in some type of employer retirement plan. But only a minority in the lowest-income group are. A new study tackles this serious shortfall fo...
crr.bc.edu
Making Sense of Financial Jargon: 15 Key Financial Terms to Know to Plan a Successful Future
Apr 04 2024
As the New Year begins, it always feels like an opportune time to reassess your personal finances. If you’re wanting to take a comprehensive look at your financial picture, you may be digging th...
newretirement.com
The State of Retirement Planning with Michael Kitces
Apr 04 2024
Michael Kitces is one of the innovators in the retirement planning and financial services space.His blog and ecosystem of resources help retirees and financial advisors gain the base knowledge needed ...
rogerwhitney.libsyn.com
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About Planning
Retirement planning is the process of determining how much you will need to save and invest in order to have enough money to live on during retirement. It involves setting goals, analyzing your current financial situation, and making a plan to help you reach your retirement goals.
Here are some steps you can take to start planning for retirement:
Determine your retirement goals: Consider how much you will need to live on during retirement, where you want to live, and what you want to do in retirement.
Calculate how much you will need to save: Use online retirement calculators or speak with a financial planner to determine how much you will need to save to reach your retirement goals.
Start saving and investing: Contribute to a retirement account, such as a 401(k) or IRA, and consider speaking with a financial advisor about the best investment options for you.
Review and adjust your plan regularly: As your financial situation and retirement goals change, be sure to review and adjust your retirement plan accordingly.
It's never too early to start planning for retirement. The sooner you start saving and investing, the more time your money has to grow and the more prepared you will be for retirement.