Planning
Showing 50 results of 785
?? 6 Reasons to Move to Michigan for Retirement (AARP Article)
Feb 12 2024
Affordable housing, mild summers and friendly small towns draw retirees to the Great Lakes State. By Patrick J. Kiger. Published November 08, 2023. https://www.aarp.org/retirement/planning-for-retirem...
community.aarp.org
Retirement and no family support
Feb 11 2024
My wife and I have no kids or family. What should we be thinking about and planning differently than if one had a big family? We have a will and the packet that goes along with that. I was hoping to f...
reddit.com
IBM Reopens Its Frozen Pension Plan, Saving the Company Millions
Feb 11 2024
The company has stopped making contributions to 401(k) accounts, and instead gives workers cash credits in a new version of its old pension plan....
nytimes.com
Is Making A Snowman Like Building A Sound Financial Plan?
Feb 11 2024
As we make our way through winter, we have a little fun in this episode by comparing how making a snowman can be like building a sound financial plan. Glenn is available for in person and online meeti...
retirementroadmappodcast.podbean.com
Retirement Environment: Urban or rural?
Feb 10 2024
Looking to retire in a year or two and planning to sell my home with stairs in a high tax community for a ranch-style home in an area of lower property taxes. I like the idea of living in the country ...
reddit.com
silver sneakers benefit for fitness programs
Feb 10 2024
It's not part of regular Medicare, but a lot of Medicare supplements and Advantage plans offer silver sneakers for various gym memberships. I recently signed up for Planet Fitness for free. Silver sne...
reddit.com
?? Find the Best Place For Your Retirement (AARP Article)
Feb 09 2024
Creative and innovative housing options to live your best life. https://www.aarp.org/retirement/planning-for-retirement/info-2021/unique-retirement-communities.html...
community.aarp.org
From Dreams to Reality: A True Retirement Story With Fritz Gilbert
Feb 07 2024
Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Spotify Podcasts” or read below for A True Retirement Story. Summary: [175] ...
keilfp.com
Is A Roth IRA Better Than A 529 Plan?
Feb 05 2024
Are you a parent looking for the best way to build a savings account for your child? Here’s a common question many seek the answer to....
forbes.com
Planning for Retirement at any Age
Feb 05 2024
Retirement planning isn’t only for those close to retirement. In today’s post, we’ll review essential retirement tips by age range ... Read more...
physicianonfire.com
Planning to pull the plug soon; questions on time frames
Feb 05 2024
I’m 66 next month and on FMLA from my high stress health care job with a mean boss. I’m done. When should I apply for Medicare? I’ll loose my insurance from work April 10th if I don&...
reddit.com
Will Contract: Should You Have One?
Feb 04 2024
Should a married couple sign a will contract to backstop their estate plan, especially in a second or later marriage? While these make sense, they can be problematic....
forbes.com
Impact of inflation on retirement funding plans
Feb 04 2024
So I have a realistic budget built and was analyzing my required yearly withdrawals from my retirement along with social security etc. I made an assumption of 4%inflation each year. Looking ten years ...
reddit.com
Has “Funding Relief” for Private Sector Defined Benefit Plans Gone Too Far?
Feb 02 2024
Making liabilities look small doesn’t make them go away. In doing background reading to figure out how many companies may follow IBM and reopen a closed defined benefit plan, commentators kept r...
crr.bc.edu
Life Expectancy After Retirement–Here’s What To Expect
Feb 01 2024
You might live longer than you think, so it’s smart to plan for a long retirement....
forbes.com
The 4 Phases of Retirement
Feb 01 2024
I’ve been planning a post about the phases of retirement for a while, but I wanted to be sure I’d spent enough time in retirement to write with credibility. In my 5th year of retirement, t...
theretirementmanifesto.com
Financial Planning for a Seamless Move: Budgeting Tips for Relocating Seniors
Jan 31 2024
This post was contributed to Leisure Freak by Quintin Beaumont of Verified Movers. Embarking on a new chapter in life, seniors often face the challenge of relocating. Managing this process smoothly re...
leisurefreak.com
6 Financial Planning Considerations In A High Rate Environment
Jan 31 2024
Folks who take time to evaluate the market dynamics may find strategies to help them achieve their goals. Here are some points to consider in this high-rate environment....
forbes.com
Retirement Plan Live: Mature Marriage - Managing Joint Cash Flow with Separate Assets
Jan 31 2024
How do you manage a joint cash flow with separate assets? In addition to discussing Mark and Mary’s situation, today I chat with Kay about how she and her husband handled finances with their lat...
rogerwhitney.libsyn.com
Retirement Planning Strategies for Managing Interest Rates, Investment Yields, and 529 Accounts
Jan 31 2024
My team at Keen on Retirement has been hard at work analyzing the question that's top-of-mind for many of our listeners. And after crunching the numbers ... Yes, it looks like Taylor Swift will be abl...
keenonretirement.libsyn.com
My Game-Changing Spreadsheet to Track Upcoming Credit Card Bills
Jan 30 2024
Once upon a time, I decided that I wanted to be a little more “hands-off” with our finances once we became early retirees. This didn’t mean to push down the major planning or big mov...
routetoretire.com
5 ways to be a tax planning 'rockstar'
Jan 30 2024
From knowing your demographics to understanding RMDs, these are some of the best opportunities for tax planners to demonstrate their value to clients this year....
financial-planning.com
Future retirement financial nervousness
Jan 30 2024
Many of you have likely dealt with this. Planning to retire in 18 months or so. I have run and re-run my financial numbers several times, and while I will definitely have less income, it should be ple...
reddit.com
Now Is The Optimum Time To Plan Your 2024 Charitable Gifts
Jan 28 2024
People leave a lot of money on the table by waiting until late in the year to consider their charitable gifts....
forbes.com
How to retire with low income, too late to plan ahead
Jan 28 2024
I'm about to reach full retirement age for Soc. Security. I've been working in a kitchen for the past few years and it's now gotten too physically demanding. I'm just about to pay off debts and I will...
reddit.com
Conflicting advice
Jan 26 2024
I am the higher earner and also older spouse. I am older by 4 years. Our plan was to wait until I turn 70 to receive the maximum benefit. A year after that my spouse would reach her FRA of 67 and her ...
community.aarp.org
Revisiting Your Estate Plan: Ensuring Your Wishes are Fulfilled
Jan 25 2024
Although it’s not the most exciting thing on the financial to-do list, it’s always a good idea to revisit your estate plan from time to time. If you have experienced a major life transitio...
newretirement.com
A 529 Plan Is Not Enough To Pay For College, We Must Save More
Jan 24 2024
In 2017 and 2019, I superfunded two 529 plans for my two children. Since then, my wife and my parents have also regularly contributed to the two college savings plans. You would think with all this ag...
financialsamurai.com
3 Things Conventional Retirement Wisdom Gets WRONG
Jan 24 2024
Sound retirement planning advice is incredibly valuable, but some of the things we might consider “conventional wisdom” in retirement planning are actually mistakes. Listen to this episode...
keilfp.com
5 Year Planning with Unexpected Inheritance
Jan 24 2024
Husband and I have been planning to retire early in 5 years at age 60. Both of us are government employees and will have enough years for modest, but decent pensions. The idea has been that one of us ...
reddit.com
Feds Want Your Help to Improve Retirement Plan Benefits Info
Jan 24 2024
Responses to multi-agency request for information will help shape report to Congress…...
401kspecialistmag.com
Retirement Plan Live - Mature Marriage: Shared Resources
Jan 24 2024
We’re back with Retirement Plan Live to explore how two adults who married later in life can share their resources as they age. Last week we looked at their goals both individually and together ...
rogerwhitney.libsyn.com
5 Tips on How to Get Started with Estate Planning
Jan 24 2024
The post 5 Tips on How to Get Started with Estate Planning appeared first on The Retirement Solution....
theretirementsolution.com
IRS Announces Modest Changes To Retirement Plan Contribution Limits
Jan 23 2024
The IRS adjustments for 2024 reflect an economy where inflation rates are still warm. These adjustments help maximize retirement savings; secure a stable financial future...
forbes.com
Here Are Top Tips For Family Financial Planning
Jan 23 2024
Larry Sprung, a CFP and author of Financial Planning Made Personal, joins 'Forbes Talks' to discuss how families can better plan for children's college, retirement, and unexpected life events....
forbes.com
Why did my monthly benefit estimate for when I retire in three years increase from 2023 to 2024?
Jan 23 2024
Greetings. I am retired but not yet collecting social security, which I plan to do when I turn 67 in about 4 years. I use some retirement planning models which have you look up you projected benefit a...
community.aarp.org
Be Sure You Have The Most Important Document In Every Estate Plan
Jan 22 2024
The priority of every estate plan shouldn't be taxes, investments, gifts, or other financial issues....
forbes.com
Keeping a Midlife Crisis From Wrecking Your Retirement Plan
Jan 20 2024
Entering your 40s can throw you into an emotional tailspin — one that may lead you to spend more and jeopardize your nest egg....
nytimes.com
W-4P for periodic installments permitted by my 401K plan after retirement.
Jan 20 2024
My company's 401K plan permits periodic distributions/installments after termination from employment upon reaching early or normal retirement age. I retired at the normal age last month. The plan admi...
reddit.com
Why Big Banks (and Some Odd Allies) Oppose a Plan to Protect Banks
Jan 19 2024
Federal regulators want to raise capital requirements for big banks. Their plan is drawing criticism from groups that aren’t normally aligned with the industry....
nytimes.com
The Most Often Overlooked Step In Retirement Planning
Jan 18 2024
Beginning with a vision is a fundamental difference between retirement planning and investment planning. What do you want your life to look like in retirement?...
forbes.com
Retirement is postponed due to bad/no planning
Jan 18 2024
I will be 63 this year & hubs is 4 years younger & retired 2 years ago with his pension. We never made saving for retirement a priority, AT ALL. No 401k or savings account. I am still working ...
reddit.com
LTC hybrid plans? Lincoln, Nationwide, Brighthouse?
Jan 18 2024
Hi, I've been researching the new Hybrid LTC insurance policies. Both of my parents had LTC policies and both made use of them before they passed away. Having seen what a lifesaver these policies can ...
reddit.com
A Multiple Employer Plans Primer: Exploring Their Potential to Close the Coverage Gap
Jan 17 2024
Thereport’s key findings are: About half of private sector workers are not covered by an employer retirement plan at any given time; this coverage gap is driven by small firms. To encourage more...
crr.bc.edu
Auto-IRA Programs Encourage Firms to Establish Their Own Plans
Jan 17 2024
The Pew Charitable Trusts recently reported that retirement assets in active auto-IRA programs have reached $1 billion. Auto-IRAs, which began in 2017 when Oregon launched its OregonSaves program, now...
crr.bc.edu
Retirement Plan Live: Mature Marriage - Shared Goals
Jan 17 2024
Do you like lemonade? If so, you won’t want to miss out on the lemonade I make on today’s episode. We’re discussing goals on this episode of the Retirement Plan Live series and we ge...
rogerwhitney.libsyn.com
Is Your Retirement Plan Flawed? With David Blanchett
Jan 17 2024
Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Spotify Podcasts” or read below for Is Your Retirement Plan Flawed? Summary:...
keilfp.com
The Case for Using Subsidies for Retirement Plans to Fix Social Security
Jan 16 2024
Thebrief’skey findings are: Tax preferences for saving in retirement plans are expensive – about $185 billion in 2020, according to Treasury estimates. Strikingly, they also seem a bad dea...
crr.bc.edu
The Case for Using Subsidies for Retirement Plans to Fix Social Security
Jan 16 2024
Introduction The U.S. Treasury estimates that the tax preference for employer-sponsored retirement plans and IRAs reduced federal income taxes by about $185-$189 billion in 2020, equal to about 0.9 pe...
crr.bc.edu
Ditch The Money Guru Debt Drama: It’s Time For Personalized Planning
Jan 14 2024
Let's ditch the one-size-fits-all debt drama from financial pros and gurus in favor of more personalized personal finance guidance....
forbes.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.