Planning
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Areas to also consider when planning for retirement - dental and pets
Aug 30 2024
I am coming up on a year of retirement at 62. We did all the planning ahead of time to make sure we had enough SS income and retirement savings. All good. Dental - If I could go back to my last year b...
reddit.com
Having a plan vs executing the plan
Aug 30 2024
I'm coming up on 3 months retired, and so far, so good! I'd like to look back, though, on the last 10 years. 10 years ago, in the fall of 2014, I had a plan. My wife and I were both 56 years old. Our ...
reddit.com
Consumers Show Positive Response to In-Plan Annuity Solutions
Aug 30 2024
Hearts & Wallets latest research features a focus group’s reactions on lifetime income…...
401kspecialistmag.com
The Behavior Gap with Carl Richards
Aug 29 2024
An interview with Carl Richards—one of the most influential voices in the financial planning world— where we discuss what the behavior gap is, why it is so persistent, and what we as inves...
whitecoatinvestor.com
How to Plan Ahead After a Loved One's Dementia Diagnosis
Aug 28 2024
Financial, medical and safety preparations can ease the burden for caregivers while ensuring your loved one receives their preferred care....
kiplinger.com
Should I sign up for a Medicare Advantage Plan?
Aug 27 2024
I qualify for Medicare this October. As a military retiree, I am already covered by Tricare. Both of my knees need replacement. I understand that Advantage Plans cost less, and often include dental an...
reddit.com
Seeking investment advice for a concerened 61 yr old.
Aug 26 2024
I am 61 years old. Reasonably healthy and still working. Wife is 65 and on disabilty but better after 2 new knees. I don't have any retirement plan other than SS. We just paid off our house, vehicles ...
reddit.com
Three Ways to Create a Stronger Income Plan for Retirement
Aug 25 2024
Rather than despairing over a lack of retirement savings, try to focus on what you can do to help ensure a more confident retirement for you and your spouse....
kiplinger.com
Why You Must Adjust for Inflation in Long-Term Planning
Aug 25 2024
Inflation is real, and it'll have a serious impact on your life. You have to be sure you're planning for inflation when building a nest egg. The post Why You Must Adjust for Inflation in Long-Term Pla...
whitecoatinvestor.com
RMD Due. Rollover Former Employer Plan to Current Plan?
Aug 23 2024
I have a 401K with a former employer and anhave a 401K with a former employer and another one with my current employer, also an IRA. The current 401K is better, I think, than the former one. Theother ...
reddit.com
Five Reasons Some Financial Planners Avoid Tax Planning
Aug 22 2024
They might not be allowed to do it at their company, but they also might not be willing to commit the time or are more focused on compensation. Here's how to make sure you're covered....
kiplinger.com
Benefits of Permanent Life Insurance in Your Estate Plan
Aug 22 2024
Liquidity and tax-free benefits can bring peace of mind to policyholders, and the healthier and younger you are when you get it, the better....
kiplinger.com
SilverSneakers Membership Questions About Planet Fitness and Anytime Fitness
Aug 21 2024
My wife and I are 68 and planning on traveling around a few states (Ohio, Michigan, Wisconsin and Indiana) in September. If I sign up using SIlverSneakers with Anytime Fitness and Planet Fitness in my...
reddit.com
Do You Need a Trust or a Will? 4 Questions to Ask
Aug 21 2024
Watch a free clip from the “Estate Planning in Your Retirement” online course to learn: The 4 essential questions that can help you determine if you need a trust or […] The post Do ...
theretirementsolution.com
Medicare Advantage Plans Get High Marks from Customers
Aug 21 2024
Regional Medicare Advantage plans score higher than national alternatives on customer satisfaction, according to a new study....
kiplinger.com
Succession Planning: Three Strategies for a Smooth Transition
Aug 19 2024
Someday, you'll want to step away from your business so you can enjoy a happy retirement. To prepare for that day, these tips are essential....
kiplinger.com
IRS Issues Guidance On Retirement Plan Matches Based On Student Loan Payments
Aug 19 2024
The match amount is calculated as if the employee contributed their loan amount to the plan even if they did not make any elective contributions....
forbes.com
Michael Kitces on the State of Financial Planning
Aug 17 2024
Today, Dr. Jim Dahle talks with Michael Kitces, creator of the popular blog Nerds Eye View. He is a CFP (along with many other designations) who has a passion for educating. His platform is huge, and ...
whitecoatinvestor.com
The Future Won’t Happen as Assumed
Aug 17 2024
Thanks to Justin Fitzpatrick at Nerd’s Eye View for his recent article reminding us that planning assumptions about the future (in his article, mortality/longevity assumptions) are just assumpti...
howmuchcaniaffordtospendinretirement.blogspot.com
What To Do If The $2,000 Cap Jeopardizes Your Employer Drug Coverage
Aug 15 2024
The new Part D cap on out-of-pocket costs, could cause trouble for people on Employer Health Plans that will no longer be credible....
forbes.com
Why Your Retirement Likely Will Include An AI Humanoid Robot
Aug 15 2024
Home robots have been a futuristic fantasy, but advances in robotics and AI are converging with global aging. Tomorrow’s retirement plan might include a humanoid robot....
forbes.com
Lifetime Access to a Luxury Cruise Ship Could Be Your Retirement Plan
Aug 15 2024
Thinking about retiring on a luxury cruise ship? With programs like the new “Endless Horizons,” you can retire at sea and travel the world for the rest of your life....
kiplinger.com
Ask a Financial Pro: I've Saved $5 Million. Is That Still Enough Money to Fund a Comfortable Retirement?
Aug 15 2024
It depends on how you plan to live in retirement and the associated cost of doing so....
money.usnews.com
Busting the 4% Rule Myth
Aug 15 2024
Derek Tharp explains how risk-based guardrails can provide a better retirement spending plan than the 4 percent rule would allow....
keilfp.com
Dying Rich Is A Bad Plan
Aug 13 2024
Dying with too much money is a bad plan. Learn how to spend and gift more to benefit yourself, your family, and your favorite charities....
forbes.com
Listener Q&A: Navigating RMDs, Investment Strategies, and Retirement Income Planning
Aug 12 2024
In this episode of Big Picture Retirement, Devin is joined by Alexander Davis, a financial advisor at Carroll Advisory Group, to address some of the most pressing questions from our listeners. Togethe...
sites.libsyn.com
Do You Need a Trust or a Will? 4 Questions to Ask
Aug 11 2024
Watch a free clip from the “Estate Planning in Your Retirement” online course to learn: The 4 essential questions that can help you determine if you need a trust or […] The post Do ...
theretirementsolution.com
Books About Personal Finance, Retirement Planning, Living in Retirement, Aging: Make the Most of Your Money and Time
Aug 09 2024
Personal finance, investments and much more. Find fiction and many books on achieving a meaningful, happy, healthy and successful retirement. The post Books About Personal Finance, Retirement Planning...
newretirement.com
How to Start a Retirement Planning Group or Club: Plan for a Happier Wealthier Future, Together
Aug 09 2024
Having a group to discuss your finances with can be a source of calm, inspiration, know-how, and fun. Learn about starting a retirement planning club. The post How to Start a Retirement Planning Group...
newretirement.com
A proactive approach to long-term care planning can pay off for clients
Aug 09 2024
Clients have several options to tackle this unpleasant topic, but for advisors, the best time to start the discussion is now....
financial-planning.com
Does Gold Belong in Your Retirement Plan?
Aug 08 2024
There’s something sexy about a shiny gold bar, but should you go for the glitter? If you're tempted, a four-pronged investing approach could be best....
kiplinger.com
Prepare For Medicare’s First ‘Installment Payment Plan’: The Part D MPPP
Aug 08 2024
The biggest change coming to Medicare may be the $2,000 cap on Part D drug costs which has spawned a new program: the Medicare Payment Prescription Plan or MPPP....
forbes.com
8 years left, I'm tired of working
Aug 08 2024
I worked long and hard to make it to my role now where I make $130k per year. I am 59. I'm saving 45% of income and have $225k in retirement accounts. My plan on paper is to quit working at age 67. Hu...
reddit.com
How 'Home-Based Planning' Can Address Long-Term Care Costs
Aug 07 2024
Traditional planning for the cost of long-term care doesn't reflect the realities of what the costs are and how they'll be paid....
kiplinger.com
401(k) Plans: What You Need to Know Now
Aug 07 2024
A 401(k) is a powerful retirement tool. Here's how they work and why your older self will thank you for investing in one....
kiplinger.com
4 Strategies For Retirees To Protect Against Stock Market Crashes
Aug 07 2024
It’s inevitable that stock market crashes will happen during your retirement; plan ahead to protect yourself....
forbes.com
Five Tips to Find Financial Harmony With Your Partner
Aug 06 2024
Many couples trust each other and have shared goals for retirement, but more than half have yet to put an estate plan in place....
kiplinger.com
Good Tax Planning Can Save You HOW Much?! Find Out From IRA Guru Ed Slott, CPA - 489
Aug 06 2024
The single biggest retirement planning mistake to avoid, the problem with tax professionals, and answers to some of the most frequently asked retirement questions we get on YMYW: should you name a tru...
purefinancial.com
Life Span, Health Span, Wealth Span: A More Expansive Approach To Retirement Planning
Aug 04 2024
We’ve been so focused on the length of retirement and not running out of money that we’ve neglected the quality of the existence we’re sustaining financially....
forbes.com
The time is right for a national retirement savings plan
Aug 04 2024
Experts on retirement saving have plenty of ideas for making 401(k) plans work better. But most agree on the top priority: get these accounts into the hands of more people. Only about half of private-...
retirementrevised.com
How did your go-go years play out compared to how you had planned them?
Aug 03 2024
TL;DR; How did your desires and plans change during your go-go years? For example, did you expect to do huge amounts of travel only to burn out on it sooner than expected? Or, did your extra freedom o...
reddit.com
10 Tips for Planning to Manage Your Money in Retirement
Aug 02 2024
In some ways managing money in retirement will be easier and in other ways it will be harder. Here are 10 tips for getting it right. The post 10 Tips for Planning to Manage Your Money in Retirement ap...
newretirement.com
Employee Retirement Income Security Act Turns 50: Protecting Your Plans
Jul 31 2024
ERISA, which turns 50 this year, safeguards pensions and 401(k) plans. But it has limitations....
kiplinger.com
Why Your Endless Summer Retirement Dream Is A Fantasy
Jul 31 2024
Retirement is more than planning an endless vacation. Longevity planning is preparing for what, how, where, and with whom to live well in older age for maybe 8,000 days....
forbes.com
How Financial Planning Changes when People Routinely Live Healthy to 100
Jul 31 2024
How would retirement planning change if life expectancy rose to age 100? Exploring how differently each generation approaches retirement saving and spending....
keilfp.com
Why You Should Bring Your Kids into Your Estate Planning Meetings
Jul 29 2024
Here are eight reasons why your kids should be involved with your estate planning meetings (and one potential downside to it). The post Why You Should Bring Your Kids into Your Estate Planning Meeting...
whitecoatinvestor.com
Are Boomers Asking The Right Questions?
Jul 29 2024
What are the key questions for Baby Boomers to ask when it comes to retirement planning? On this episode we explore a variety of questions and perspectives that could make a real difference. Glenn is ...
retirementroadmappodcast.podbean.com
The Risky Business of Cashing Out Plan Balances Below $1,000
Jul 29 2024
Tom Hawkins exposes the drawbacks for both plan sponsors and participants...
401kspecialistmag.com
You Need a Retirement Contingency Plan: Five Steps to Get It Done
Jul 28 2024
Planning for the unknown in retirement might sound impossible, but you can manage it by breaking it down into these five components....
kiplinger.com
Protect Your Loved Ones With an Estate Plan
Jul 26 2024
Here are eight things you can do to help protect your family....
kiplinger.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.