Planning

Showing 50 results of 785

Employers: One Way to Break Through the Barriers to Financial Help?

Dec 03 2023

David Blanchett makes the case for plan sponsors to ramp up their offerings of financial…...

401kspecialistmag.com

Employers Overestimate Employee Retirement Confidence

Dec 03 2023

A new study from Voya Financial found that while the vast majority of plan sponsors (87%)…...

401kspecialistmag.com

Plan Your Dreams: 11 Guidelines for Building a Financial Plan for the Life You Want

Dec 01 2023

So much that is written about retirement planning is about rates of return, inflation, savings thresholds, tax mitigation, budgeting, asset allocations, and other relatively dry and often somewhat str...

newretirement.com

To Build Retirement Savings, Leverage The Power Of Your 401(k) Plan

Dec 01 2023

If you work for a company that offers you a way to leverage your savings, it pays to learn as much as possible about how that works....

forbes.com

Converting your RRSP to a RRIF: What you need to know

Nov 30 2023

When planning for retirement, Canadians often turn to registered retirement savings plans (RRSP) as a tax-advantaged option to grow their money. After all, RRSPs are designed to help you accumulate re...

retirehappy.ca

Before December 31, Establish Your Two-Year Plan To Slash Taxes

Nov 30 2023

Major tax changes likely are on the way. It's time to plan now....

forbes.com

Any good books to read on Estate Planning?

Nov 30 2023

My dad passed away a couple of years ago, and the entire process of probate, inheritance, beneficiaries was a mess. The emotional effects were obviously hard enough on my mom, but this compounded ever...

reddit.com

It’s Time To Establish Your Two-Year Plan To Slash Taxes

Nov 28 2023

Major tax changes likely are on the way. It's time to plan now....

forbes.com

Should You Tell Your Beneficiaries What They Will Inherit: 10 Estate Planning Tips

Nov 28 2023

Should you tell your heirs what your assets are or what they should expect to inherit?...

forbes.com

What Is Estate Planning? A Guide And FAQ For Investors

Nov 28 2023

Estate planning is an often overlooked topic during the financial planning process. Here's why that's a mistake....

forbes.com

How do you keep your brain engaged in retirement?

Nov 28 2023

Since retiring I have kept busy with helping my daughter plan her wedding, which has now passed. Also started playing pickleball for regular exercise. And I am busy with a non profit helping them get ...

reddit.com

Do You Know What’s in Your 401(k)? If Not, You Should

Nov 27 2023

A recent CNBC Your Money Survey reveals 46% of 401(k) investors are unaware of the specific investments in their workplace retirement plan.¹ Considering 401(k)s are most people’s largest as...

401kmaneuver.com

FM 026: Understanding What Todd Means By “Epochal Change”

Nov 27 2023

[podcast-transcript possessive=”Todd’s best tips for epochal change”] Two years ago, I announced to my Expectancy Wealth Planning course community that we were about to enter epochal...

financialmentor.com

Four Tips To Keep Your Holiday Stress With Family In Check

Nov 22 2023

Family gatherings can create a lot of stress. Have a plan for yourself to deal with difficult people. Non violent communication is possible....

forbes.com

Only 6% of Higher Ed Institutions to Join Pooled Plan Solutions

Nov 22 2023

The report by Transamerica analyzes how pooled plan arrangements can increase access and…...

401kspecialistmag.com

More Americans Expect to Delay Retirement to Age 63

Nov 22 2023

Those who don't have any financial plan in place plan to delay a full five years more, finds…...

401kspecialistmag.com

Important Retirement Plan Changes For 2024 You Should Know

Nov 21 2023

Some changes in retirement plans take effect in 2024....

forbes.com

Suddenly Everyone’s Talking about Defined Benefit Plans

Nov 21 2023

Some form of risk-sharing plan would be good, but coverage is the real issue. How did this happen? Now that the shift from defined benefit plans to 401(k)s is almost complete (see Figure 1), everybody...

crr.bc.edu

Estate Planning 101: What You Need To About The Basic Documents, Wills, & Trusts

Nov 21 2023

In this week’s video we’re going to look at an introduction to estate planning. This will kickoff a series of estate planning posts that will explore more in depth concepts surrounding it....

thomaskopelman.com

Medicare’s Plan Finder Shows I Could Save $709 For Prescription Drugs

Nov 20 2023

If your Medicare Part D premium will increase by a lot in 2024, you could save a lot of money by shopping your policy....

forbes.com

The 5 Best Financial Planning Tools Online (Find a Great Replacement for Mint)

Nov 16 2023

Mint was one of the most popular financial planning tools online. They are shutting down and like a lot of you, we are sorry to see them go. After all, budgeting is an important habit of financial wel...

newretirement.com

Key Retirement Planning Ages: Important Milestones Everyone Hits in their 50s & 60s

Nov 16 2023

Upon entering your 50s, it’s not unusual to start taking personal finance more seriously, if you weren’t already. You might be aware that certain ages play a crucial role in financial plan...

newretirement.com

From Food Stamps to FIRE (A Case Study on Retirement Planning)

Nov 16 2023

Most of us enjoy hearing inspirational stories. It’s even more rewarding when you get to play a small role. Today’s article is a combination of both. This one is special. A real-life case ...

theretirementmanifesto.com

End of Year Tax Planning Moves Business Owners Can Make

Nov 15 2023

Last week I wrote about 21 end of year tax planning moves W2 income earners can make. So of course I have to follow that up with a similar post for business owners. Let’s walk through 23 impactf...

thomaskopelman.com

Planning for retirement date that hopefully will be here in about a year. HR Question

Nov 15 2023

I'm hoping to call it quits in just over a year. This next year is going to be spent planning so that I'm ready for the big day. I know HR isn't always in your corner and I know that I don't have to g...

reddit.com

Cost of A/B pour over Trust ? Shocked at the quote

Nov 15 2023

Hello I moved from Texas where we had a estate plan done by professional board certified estate planning attorney. However now we are in a different state Oregon that has estate tax and so I went to o...

reddit.com

An Essential Yet Overlooked Question: Why Do You Want To Retire?

Nov 14 2023

Be clear about how retirement will improve your life. It will help you better plan for a fulfilling life in retirement....

forbes.com

How to Teach Your Adult Children to Plan for Retirement

Nov 14 2023

James walks through a framework of how you ensure that your legacy goals include more than just leaving a chunk of money to your kids when you're gone. He explains the key concepts that can help your ...

buzzsprout.com

Should I “retire” at 62 with the following plan?

Nov 13 2023

Just turned 59 and earn 80k/yr. My wife is 52 and makes 50k/yr. Our only debt is 70k on our 1200 sq ft house at 2.5%. Would like to retire at 62. My 401k will most likely have 300k in it by then. Thin...

reddit.com

Portability Services Network Launches Solution to Reduce Plan Leakage

Nov 12 2023

Founding members include Alight Solutions, Empower, Fidelity Investments, Principal, TIAA,…...

401kspecialistmag.com

Higher Contribution Limits Are Coming for 401(k) Retirement Plans

Nov 11 2023

But, financial advisers note, most people cannot afford to set aside the maximum amount. “This is a system geared for high earners,” one expert said....

nytimes.com

Why Financial Planning is the Ultimate Marshmallow Test

Nov 10 2023

The marshmallow test is a psychological experiment that is supposed to determine a person’s ability to delay gratification and plan for a more abundant future. While managing your money doesn&rs...

newretirement.com

IBM Shocking New Type Of Pension Is The Old Defined Benefit Plan

Nov 10 2023

There is no reason smallish firms won’t start to sponsor them, many do, like dentist offices, because the permitted tax-qualified contributions are larger in DB than DC....

forbes.com

What is your plan for vehicles after retirement?

Nov 10 2023

Just for a fun post. I am not looking for advice. What is your plan for vehicles/transit after or during retirement? Will you get new vehicle(s) right before you retire or will you continue with your ...

reddit.com

Are you continuing medication after retirement?

Nov 10 2023

For those who are taking medication for issues like depression, anxiety, or ADHD, do you plan to continue after going in to retirement? I was thinking since I seem most anxious/depressed about work, a...

reddit.com

Medicare Suppliment Plans - where to find unbiased information

Nov 09 2023

Medicare Suppliment plans - where do I look for unbiased information I want to switch from insurance though a job to a Medicare Suppliment plan but I am not sure where to look for unbiased information...

reddit.com

November 8: 20 End of Year Tax Planning Moves W2 Earners Can Make

Nov 08 2023

We are officially approaching the last 2 months of the year which means that you should start making end of year tax planning/financial planning moves. Now you may be wondering, “what are those ...

thomaskopelman.com

IRS Announces New 2024 401(k) Contribution Limits

Nov 08 2023

Good news for those looking to maximize their contributions to retirement accounts, IRS has announced higher contribution limits for 401(k) and Cash Balance Plans....

forbes.com

Protect Your Finances: Essential Tips for Family Caregiving With Danielle Miura

Nov 08 2023

Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Google Podcasts” or read below for How to Financially Prepare for Family Car...

keilfp.com

How do you know when to retire and where do I start planning?

Nov 08 2023

I am a single female, age 64 (65 in July). I have been working since age 14. I just got laid off from my job and even tho I was not planning to retire now, I’m thinking maybe I should. My career...

reddit.com

Are Medicare Part D Drug Plan Premiums Falling? We’re Skeptical.

Nov 07 2023

In several press releases over the last few months, the Centers for Medicare & Medicaid Services (CMS) touted improvements in Part D prescription drug plans....

forbes.com

Retirement Plan Contribution Limits for 2024

Nov 06 2023

The IRS just announced contribution limits for qualified retirement plans for 2024. Keep reading below to find out exactly how much you can contribute for 2024, and start making plans now to do what y...

401kmaneuver.com

3 Reasons For Business Owners To Open A Solo 401(k) Before Year End

Nov 06 2023

Optimizing your tax planning can help business owners reach financial freedom faster. Maximizing your Solo 401(k) benefits can help you pay fewer taxes....

forbes.com

Advantage Plans - I just switched over and got slammed

Nov 05 2023

Hiya, I hate me sometimes. I thought I did the research, but with all "this and that" this year, I dropped the ball. The sales staff said everything was covered. But, I should have looked so much clos...

reddit.com

12 Year-End Tax Planning Strategies to Keep More 2023 Money and Prepare for Future Wealth

Nov 03 2023

Yes. The year is already coming to a close. Use this list of year-end tax planning tips for 2023 and beyond to help launch you into a better future. It has been another interesting 12 months with stoc...

newretirement.com

The Surprising Way Binary Thinking Can Ruin Your Retirement

Nov 03 2023

Don’t get trapped by binary thinking in retirement planning. Creativity helps you find the balance between living a great life today and planning for tomorrow....

forbes.com

Common Retirement Planning Questions

Nov 03 2023

It's time for another discussion of common retirement questions. Listen in on our conversation as we delve into another round of questions that often come up when thinking about retirement and plannin...

retirementroadmappodcast.podbean.com

Creative Planning Buys Mesirow’s $13B Retirement Services Team

Nov 02 2023

Mesirow's corporate retirement advisory service business works with over 350 plans and holds…...

401kspecialistmag.com

How To Create Your Own Financial Plan

Nov 01 2023

There are a lot of DIYers out there. If you are one of them, you need to make sure you have your own WRITTEN financial plan. I have yet to meet anyone who really does. Many people have told me this is...

thomaskopelman.com

IRS Announces Retirement Contribution Limits Will Increase In 2024

Nov 01 2023

The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023....

forbes.com

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.