Showing 50 results of 125
Mar 29 2024
It’s been almost 14 years since our first post on How Much Can I Afford to Spend in Retirement? This post is our 498th post. As implied by the title of our website, our primary goal is to help i...
howmuchcaniaffordtospendinretirement.blogspot.com
Mar 26 2024
How much money do you need to save … To retire successfully today? Is it $500,000? A million dollars? 5 million dollars? Have you come up with a number that will allow you to finally retire? Mo...
bossretirement.com
Mar 07 2024
A proper retirement income plan will include how you expect to pay for healthcare costs once you retire. The cost of medical care in retirement will shock you....
forbes.com
Mar 06 2024
Big Tex, Paul in Maryland, and Nick in Alabama all need to know how much money they should convert to Roth to pay as little tax as possible, today on Your Money, Your Wealth® podcast 471 with Joe ...
purefinancial.com
Feb 21 2024
When planning for your retirement, there are a variety of things to consider in addition to how much you might ... Read more...
physicianonfire.com
Feb 13 2024
Are there general guidelines on what percentages of your investment portfolio should be in tax-free accounts like your Roth, tax-deferred accounts like your 401(k), and taxable accounts like your brok...
purefinancial.com
Jan 26 2024
To find the best place to sell used shoes, consider the type of shoe you’re selling, whether you’d prefer to sell online or in-person, and how much you want to make from each pair. Use the...
thinksaveretire.com
Jan 16 2024
For those who wonder, “How much should I contribute to my 401(k)?” you’ve come to the right place. As much as we’d like to be able to tell you an exact amount to contribute, we...
401kmaneuver.com
Jan 10 2024
By Dr. Jim Dahle, WCI Founder I often get questions from white coat investors such as: Do I need to have more than one brokerage account? Is it OK to have all of my assets at Vanguard? How much is too...
whitecoatinvestor.com
Jan 10 2024
For this topic, I'm not asking anything about your income or draw-down rate. I'm only interested in what your annual expenditure is, as a thermometer for how much it takes to survive comfortably in re...
reddit.com
Jan 08 2024
Today, we are answering your questions from both emails and the speak pipe. We answer questions about saving for intermediate-term goals, institutional malpractice policies, how to safely invest in re...
whitecoatinvestor.com
Jan 06 2024
Out of all the cashback apps we’ve reviewed, Fetch ranks among the best with its user-friendly app flow, solid cashback rates, and various ways to earn. With this in mind, it’s certainly w...
thinksaveretire.com
Jan 02 2024
Thebrief’skey findings are: While annuities offer retirees a reliable stream of lifetime income, few people purchase them. To probe people’s perceptions of annuities, a new survey queried ...
crr.bc.edu
Dec 28 2023
What We Love I have been using the Upside app for around two years, and it’s become my go-to for finding the best deal on gas. I’ve redeemed my earnings via ACH and never run into an issue...
thinksaveretire.com
Dec 27 2023
According to Doximity, In 2023, Oncologists ranked as the 17 highest-paid physician specialties with an average annual salary of approximately ... Read more...
physicianonfire.com
Dec 22 2023
Beneficiaries of trusts sometimes need to realize how much control they actually have over a trust. That is because they are unaware of a power sometimes found in trusts....
forbes.com
Dec 14 2023
Here's a look at the year's average 401(k) balances, market trends, savings rates and asset-class performance....
money.usnews.com
Dec 06 2023
Cardiologists are one of the highest-earning physician specialties in the United States. According to a recent report by Doximity, cardiologists ... Read more...
physicianonfire.com
Dec 06 2023
Retirement communities offer plenty of perks, but the entrance and monthly costs are often steep....
money.usnews.com
Dec 05 2023
Depending on how much you keep up with technology, you may or may not have a decent understanding of what AI chatbots are (AI being artificial intelligence). Heck, you may not have even heard the term...
routetoretire.com
Nov 29 2023
A health savings account (HSA) is like a “super IRA,” so contribute as much as you can afford, subject to the IRS limits....
forbes.com
Nov 27 2023
How Much Money Do You Need ToBe Wealthy And Free? Key Ideas Reveals how more can actually be less. Discover how getting wealthy is just one step to the real goal. How to connect your values to “...
financialmentor.com
Nov 19 2023
Both my husband and I will have pensions, in planning our budget for retirement how do I know how much to subtract for taxes? Between the two pensions our monthly gross pay will be roughly $8,300 -$8,...
reddit.com
Nov 13 2023
Abstract A longstanding puzzle in the economics of insurance, household finance, and public policy is why so few individuals annuitize their wealth. This paper describes results from a recent survey o...
crr.bc.edu
Nov 11 2023
Getting close to transitioning to a working retirement but since downsizing options are now gone in my region of the PNW, I find many things to worry about! I’m 65 and eight months. How much hav...
reddit.com
Nov 07 2023
We had an amazing evening hosting our annual Ambassador Event at The Grand America Hotel. We always love a chance to spend time with our clients and show them how much we appreciate them! We enjoyed v...
bossretirement.com
Nov 03 2023
We all ask the question, “How much do I need for retirement?” It is a very hard question to answer. The difficulty lies in the fact that it varies greatly depending on how long you live. W...
newretirement.com
Nov 02 2023
For those on this board doing the countdown to retirement, how much longer do you have? How old will you be? Also, do you think you will call it quits then or work a little bit longer, at least part-t...
reddit.com
Oct 30 2023
Getting to the top 1% net worth by age is a very impressive goal. But how much money do you need to get there? Overall, to have a top 1% net worth in 2023 requires having at least $13 million accordin...
financialsamurai.com
Oct 25 2023
By Jamie Johnson, WCI Contributor The COVID-19 pandemic had a huge impact on all of us, but physicians and the medical community as a whole were hit especially hard. Even though physicians had to deal...
whitecoatinvestor.com
Oct 20 2023
Have you ever wondered what it really means to be rich? Is it a certain salary? A specific amount of assets? A particular lifestyle? The answer to this question is highly subjective and dependent on i...
ofdollarsanddata.com
Oct 18 2023
Both my wife and I are collecting SS benefits. I waited until just short of age 70 to collect. She started collecting at age 63. I receive the larger amount. When one of us passes, how is the survivin...
community.aarp.org
Oct 16 2023
Teaching English online is one of the most flexible side hustles. You can work from anywhere, choose your own schedule, and decide how much you work. That said, it has a few startup costs you may need...
thinksaveretire.com
Oct 15 2023
I've listed all my retirement money and come up with a monthly figure that is the amount I will have in retirement. I've calculated it assuming my stocks will stay the same value and not increase or d...
reddit.com
Oct 13 2023
The majority of Americans feel behind on their retirement savings, per Bankrate's survey. Here's how much experts say you should actually have saved up....
cnbc.com
Oct 11 2023
The amount of money you'll need in retirement varies by as much as $66,000 depending on where you live in the U.S....
cnbc.com
Oct 03 2023
It is just that it’s not adding up for me no matter what. I make a decent living. I have 3 kids two in college and I have a house mortgage. So these are the major expenses after school and prope...
reddit.com
Sep 18 2023
September 19, 2023 – Quick – what is the 2023 maximum monthly benefit from Social Security? $2810/mo., $3035/month, $4193/mo., or $4,555/mo.? And, how much is the average benefit? If you g...
topretirements.com
Aug 09 2023
August 9, 2023 — It’s a question just about everyone thinks about as they reach retirement age, at least to themselves. What is my life expectancy – or, how much longer do I have on ...
topretirements.com
Jul 25 2023
Last week The FI Couple, a real estate investing duo, sent out this tweet highlighting the growth in their rental income since 2018: However, when pressed about how much they make net of costs, they s...
ofdollarsanddata.com
Apr 25 2023
As the saying goes, "Risk happens fast." From medical emergencies to job loss to car and home repairs, unforeseen events can quickly derail your finances—especially if you're not prepared. That's wh...
ofdollarsanddata.com
Apr 13 2023
Imagine that you just received a raise at work and are tempted to go out and celebrate. After all, you've worked hard and you deserve something nice, right? Maybe you want a new luxury car? A better p...
ofdollarsanddata.com
Mar 14 2023
A simple question popped into my head at the 2022 version of The White Coat Investor Conference. How much more ... Read more...
physicianonfire.com
Mar 11 2023
In this article, we answer: $60,000 A Year Is How Much An Hour? In today’s economy, it’s not uncommon for people to wonder how much their salary equates to in hourly pay. Knowing your hour...
inspiretofire.com
Mar 08 2023
I love the idea of convergence — those rare times when multiple stories about very different issues seem to all land on the same “Grand Truth,” albeit from very different perspectives. Yester...
ritholtz.com
Mar 08 2023
New research from Vanguard details how a retire-and-relocate strategy can add to your savings, but it’s not a strategy that works for everyone....
barrons.com
Mar 07 2023
By Dr. James M. Dahle, WCI Founder Given how much of my portfolio (85%) is invested in publicly traded traditional mutual funds and exchange traded funds (ETFs), we spend way too little time around he...
whitecoatinvestor.com
Mar 03 2023
There are two main reasons to set money aside: Insurance against bad financial weather and provision for your retirement. But how much do you need to save?...
bankrate.com
Mar 03 2023
Often, people look at property tax, state income tax, and/or sales tax when they are looking at where to move. This article approaches it from of different angle - How much does the state spend and ho...
reddit.com
Mar 02 2023
I just turned 34 I only have about 9k in my 401k and it’s aggressive investments (since I’m still somewhat youngish) right now I have 10 percent going into traditional (+ 6 percent match)a...
reddit.com
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The amount of money you need to retire depends on a number of factors, including your desired standard of living in retirement, your projected retirement expenses, and the length of your retirement.
To determine how much you need to save for retirement, it's a good idea to create a retirement budget that outlines your expected expenses in retirement. This budget should include essential expenses such as housing, healthcare, and food, as well as any discretionary spending you plan to do in retirement, such as travel or hobbies.
You should also consider sources of income you may have in retirement, such as Social Security benefits, pension payments, and income from investments. You may want to use an online retirement calculator or work with a financial professional to estimate how much you will need to save to meet your retirement goals.
As a general rule of thumb, financial experts recommend that you aim to save at least 10-15% of your income for retirement, although this amount may vary based on your individual circumstances. The earlier you start saving for retirement, the more time your money has to grow and the less you will need to save overall.