Retirement income is the money you receive from various sources during your retirement years. It's important to plan for retirement income, because you will no longer be receiving a regular paycheck from employment.
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If you and your spouse are several years apart in age — or simply plan to retire at different times — this episode reveals the financial and relationship challenges most couples never anticipate and h...
Average home equity is $310,000 in 2026, but mostly sits untapped. See how it breaks down by state and income, and how to put yours to work. The post Average Home Equity in 2026: What Homeowners Have ...
The other day I made $10 winning a set of tennis at a public park. It was a funny situation because I didn't set out to make money playing tennis. It just happened. I was hitting with my long-time bud...
Roger Whitney explains six levers that can influence Social Security benefits: reviewing your earnings record, choosing when to claim, managing retirement income, reconsidering an early claim, conside...
Oil is out of sight; gasoline is at all-time high; diesel and heating oil are at five to six bucks a gallon; electricity prices are at risk from data centers and tetrad war with Canada... And the mark...
While the 4% rule is a useful starting point, a lengthy retirement can't rely on a one-time calculation. This is why you need a personalized income plan.
Bridging the gap between your vision of retirement and real financial readiness requires planning, adaptable income strategies and expert guidance.
New “Withdrawal Optimizer” helps advisors determine where to source unexpected client cash needs while accounting for taxes, Medicare surcharges, investment holdings and other planning considerations
I am 57, and plan to work another 10 years or so. I've got a long history of managing my own portfolio but lately I've been shopping around for an advisor. One I talked to recently suggested I add a f...
Free retirement training for people within 10 years of retirement and $1M+ saved. Watch “The Sequoia System Training” here: https://learn.rootfinancial.com/c8e6cf ======================= If you have a...
My husband and I are retired at 60/61. We are trying to bridge the gap between today and Medicare. Today I developed a plan to take a large withdrawal this year and limit income over the next three ye...
How is your Social Security benefit actually calculated? In this episode, Roger explains how you qualify for retirement benefits, how your earnings history determines your benefit, and why the age you...
For those who do their own taxes, what software do you use? I used Turbo Tax when I was young and I liked the format where it asks me a question and I fill in the answers. Since about 15 years ago I l...
A retirement plan is more than an investment portfolio and a decision about when to claim Social Security. Jeremy Keil is joined by financial advisor Joe Schmitz Jr. to compare the planning processes ...
Schedule a Free Financial Assessment with an experienced professional: https://bit.ly/YMYWassessC Today on Your Money, Your Wealth® podcast 598, Joe Anderson, CFP® and Big Al Clopine, CPA spitball ear...
At the end of the year, I am retiring at 60 (wife retired last year). We have a 5 year pension that starts in January and essentially replaces my income. We have always lived below our means and will ...
Today's retirement investors face a dramatically different landscape than they did during the long...
I'm 63, I have my exit plan for next December. Some of my MBA fellows have already retired, and doing consulting. Why? Why would you retire, just to do consulting work? To me, retirement is just that,...
Many people assume that only major decisions move the needle on wealth. However, lifestyle creep can sabotage savings goals without you noticing. Each time you choose to upgrade your car, expand your ...
Considering retiring next year. After bills we're looking at roughly $900 to $1,000 "extra" cash each month. VA, SS, 401k distribution and pensions are the income streams. Bill include setting aside f...
I'm 63 and started collecting Social Security this year. I had a heart attack last year that did some permanent damage. I still work 2 days a week in HVAC. And pretty much light duty. I have a IRA wit...
For the better part of this year I've been trying to assess when I'll be able to afford to retire. I've been playing with Boldin, Projection Lab, my own overly complicated spreadsheets, Fidelity's pla...
Spouses who collect substantial Social Security benefits may see a significant drop in income when one dies. These annuities can help make up for the loss.
Hi everyone, I recently moved into a subsidized low-income senior housing apartment building and am looking for ideas to bring that will involve other residents but isn't the lame bingo or cards group...
3 Retirement Decisions Nobody Prepares You For Retirement can change how you approach life insurance, mortgages, income, and investments. Jeremy Keil answers three financial questions retirees may not...
Social Security figures and 2026 withdrawal rate research show what three common retirement portfolios can generate in monthly income. The post What $250,000, $500,000, and $750,000 Pay You in Retirem...
Almost everyone struggles with debt at some point. In my early 20s, I learned some hard lessons about credit card debt. In my early 30s, I paid back graduate student loans that soaked up a huge share ...
As clients consider when to claim Social Security, an advisor proposed a strategy to maximize tax-free retirement income using certain benefits and senior deductions.
Vanguard shares principles that every affluent retirees needs to know to get the most out of their retirement income.
Housing affordability is at a crisis low. You've read that headline a hundred times. Either incomes rise or home prices crash to get back to pre-COVID levels. That's true if you measure a home in doll...
So, back in the day I used to breed reptiles. Lizards specifically. I don’t have a phobia of snakes or anything, but they just don’t do anything for me. I always felt like lizards have a personality. ...
Present value is the organizing principle of the Actuarial Approach recommended on this website. Retirement sustainability ultimately depends on a single question: Can the present value of your assets...
Why wait until December to review your financial plans? You'll have a clear enough picture of income, spending and investments to make meaningful decisions now.
From monetizing garage space to selling niche expertise, retirees are boosting cash flow on their own terms.
What does it actually mean to win at retirement? A bigger house, more expensive vacations, and a larger income during your working years may look like success, but they don't necessarily determine how...
Retirees often overpay their taxes because they mix up their cash flow, income and actual spending. Understanding the differences can help you stay in control.
Laura Stover, RFC® is joined by guest co-host Darlene Tucker, CFP® today. This week's weekend brief comes from Forbes: "5 Predictions For An Economic 'Soft Landing' That Were Totally Wrong." With a lo...
Laura Stover, RFC® and Michael Wallin, CFP® discuss the Baby Boomer Dilemma documentary and its implications for pre-retirees and retirees. The film talks about many topics we routinely cover on the s...
Laura Stover, RFC® and Michael Wallin, CFP® discuss why 1966 was the worst year to retire and why it matters in 2023. They explore the market downturn in 1966 and its impact on retirees, as well as th...
Investors often underestimate the risk in their portfolio. Today, Laura Stover and Michael Wallin break down 5 common portfolio mistakes, as outlined by Christine Benz in Morningstar. They are portfol...
Retirement planning involves mitigating risk and understanding the various risks that retirees face. Laura Stover and Michael Wallin break down these risks today, including reduced earnings capacity, ...
In this episode, Laura Stover, RFC® and Michael Wallin, CFP®, discuss the concept of a cookie-cutter retirement portfolio and its implications for retirees. They start by addressing the recent news of...
Once you make the decision to take the next step toward ensuring a solid financial future, the next is who you should work with. There are all types of financial professionals that provide a variety o...
Big tech has seen strong gains in 2023 and has outpaced most other sectors. In doing so, the S&P 500 has also performed well, but when you take away a handful of tech companies like Apple, Microsoft, ...
Every investor, whether you do it yourself or have professional help, needs to understand the fees they are paying because this is one of the most important factors attributing to investment performan...
No one can predict the future of finance, so how do you make sure your portfolio is able to withstand the inevitable swings in the market? The answer is through stress testing, which has proven to be ...
We're more than halfway through 2023 and we've already seen the impact SECURE Act 2.0 has on retirement planning. These first six months have given the financial industry time to identify some of the ...
Diversification is a risk management strategy that mixes a wide variety of investments within a portfolio. We'd venture to guess that everyone who is listening to this podcast is very familiar with th...
We know there's always another market crash in the future, but should we be worried that it's happening soon? An economist named Henrik Zeberg thinks so. He expects a massive blow-off top for equities...
You'll never be able to predict the movement of the market but understanding the cycles will make you a better investor. The market goes through different phases and building out a purposeful portfoli...