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.
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Building a retirement plan means balancing financial security with the life you want to live. Steve Chen sits down with fee-only fiduciary financial planner Jesse Cramer, host of Personal Finance for ...
Building a retirement plan means balancing financial security with the life you want to live. Steve Chen sits down with fee-only fiduciary financial planner Jesse Cramer, host of Personal Finance for ...
You read that right, we’re bringing the holiday spirit earlier this year with a discussion on how early is early ... Read more
You must coordinate different retirement timelines while stretching your savings to cover a longer lifespan.
In her recently released book The Forever Paycheck, Jean Chatzky—CEO and founder of HerMoney—encourages retirees to fund essential retirement spending with Social Security and non‑risky investments, a...
Two years after Hurricane Helene hit his hometown, Earth Equity Advisors founder Pete Krull argues advisors need franker conversations about where clients invest and where they retire.
A high-profile tax case is shining a light on how the IRS may view certain estate planning strategies.
If a drop in income at retirement has put you in a lower tax bracket, find out whether tactical Roth conversions now could reduce your tax liability forever.
Estate planning tips on social media don't always contain misinformation, but what worked for one family may end up causing yours a whole heap of trouble.
Answering listener questions about some of the trickier corners of financial planning, including 529 strategies, gifting appreciated shares, and upstream gifting for a step up in basis. The post Advan...
Dolly Parton's songs and movies will live on forever. But when the 80-year-old entertainment icon passed away last month, she also left behind an impressive financial legacy that we all can learn from...
Your 60s can be the most valuable decade in your life, but far too many people miss valuable tax planning opportunities that can lower their lifetime tax bills.
Non-financial retirement planning covers what a portfolio can't: time, health, purpose, and the people you love. Here are 10 places to start. The post Non-Financial Retirement Planning: 10 Investments...
By planning your own funeral, you can spare your loved ones some stress and create a meaningful send-off.
Assumptions regarding how long you and your spouse, if you have one, plan to survive in retirement are central to determining your funded status. These assumptions — your lifetime planning period assu...
Your 50s mark the start of a critical retirement planning window. For those with significant wealth in an ESOP, failing to plan can get expensive.
Try these proven strategies from the ultra-wealthy to protect your assets, cut taxes and pass on more to your heirs.
From outdated beneficiary designations to the false security of a set-it-and-forget-it plan, active engagement is the strongest defense against costly mistakes.
The first time a physician shows us a locums paycheck, the reaction is almost always the same. No taxes were ... Read more
This Summer Replay revisits Roger’s 2018 conversation with Gretchen Rubin about the Four Tendencies and how understanding your personality can help you create a retirement plan and daily life that tru...
For the vast majority of retirees, there will come a time when the IRS comes calling and you're required to start taking money out of qualified retirement accounts. These required minimum distribution...
Estate planning isn't just for the wealthy — it's for anyone who wants control over what happens next. These four core documents will help you establish it.
You probably know your full retirement age, but do you know these other milestone ages — and why you should pay attention to them as you plan for retirement?
AI helps clients have informed retirement planning conversations with advisers. It can also rapidly handle technical work, freeing up an adviser's time to talk.
Sustainable retirement spending begins with quantifying the present value of your essential expenses and then allocating the remaining funded status toward discretionary “menu items” such as travel, h...
How six Americans picked retirement spots ranging from Mauritius to France. Start your own search with Forbes’ list of The Best Places To Retire Abroad in 2026.
Learn how the type of investment account you use can influence tax efficiency in retirement and why thoughtful planning may help improve long-term financial outcomes.
Hi everyone, My wife and i are hoping to retire in about 7 - 10 years, ultimately my question is have I forgotten anything important in my calculations. My wife will retire with a full pension and i w...
After reviewing dozens of financial tools on this site since 2009, ProjectionLab is one of the most comprehensive planning tools I've come across. It shows you how today's financial decisions play out...
The uncertainty and turmoil regarding estate planning is over. There is no reason now to delay action. Create or update your estate plan using this checklist.
The market is doing well, but you still want to monitor your retirement plan.
Does your retirement plan account for increasing healthcare costs and longevity? It's time to stop focusing on market returns and take a more complete approach.
If you're asking a financial advisor whether using them is "worth it," know that this is a reasonable and totally unanswerable question. The post Paying for Financial Planning — Is It ‘Worth It?’ appe...
I recently met with a 71-year-old retiree who relies on Social Security for a sizable share of her retirement spending. She’s concerned about recent news that the Social Security retirement trust fund...
High-net-worth women are redefining financial freedom and aligning wealth with values — without sacrificing returns. Financial plans must evolve with them.
An estate plan requires a three-step process of design, structure and the often-missed step of funding your assets to ensure your wishes are legally executed.
Nearly half of unadvised workers and 20% of retirees expect to hire an advisor, according to new research. Plus, many workers erroneously think they are saving.
Cash balance plans are underused despite their potential to boost retirement savings and reduce tax liability for high earners. Time to give them another look.
Prudent retirement planning requires using a planning horizon longer than your life expectancy. In prior posts we have recommend using the Actuarial Longevity Illustrator and the three-step process ou...
Most people spend decades preparing financially for retirement. They contribute to retirement accounts, pay down debt, evaluate Social Security strategies, and work with advisors to make sure their sa...
From emergency savings to helping your children, here's how advisors suggest ranking the financial demands competing for your money.
Like your golden years, RMDs creep up on you quicker than you think. Planning ahead can prevent you (and your heirs) getting hit with penalties and extra taxes.
Organizing your financial, digital and legal affairs and talking openly about your final wishes is one of the most loving gifts you can give your family.
Most of us focus on how much to save for retirement, but what you'll spend is just as important, and your spending habits might change more than you expect.
Long-term care as you age is expensive and, for most of us, inevitable. Making arrangements now, while you can, is a gift to those you love.
I’m getting closer to retirement and trying to decide how best to manage planning and ongoing finances. I see a lot of discussion around tools like Boldin and other retirement planners, but I’m curiou...
We are pleased to announce that Microsoft Copilot is now an integrated part of our “How Much Can I Afford to Spend in Retirement?” team. Copilot enhances our actuarial approach by providing structured...
Morningstar research suggests that while expenses drop in retirement, so, too, does income. Findings suggest some considerations for retirement planning.
You might be surprised: Most millionaires don't feel rich. But you might if you adopt these five key habits that could help you reach millionaire status.
Could one outdated beneficiary form, missing trust provision, or overlooked document completely derail the legacy you intended to leave behind? Topics covered in this episode: The biggest misconceptio...