Planning
Showing 50 results of 784
Medicare Basics: IRMAA - Break Down with Planning Demo
Mar 21 2023
Hey Everyone, A lot of you had direct messaged me or commented on the Medicare Basics post and had questions regarding IRMAA. I decided to make a youtube video that breaks down the issue more in depth...
reddit.com
ESG and its effects on 401k plans
Mar 21 2023
The government recently did a veto on a bill that would require investments in Retirement funds not be required to meet the Environment, Social, and Government requirements, rather than on profitabili...
community.aarp.org
Retired or Just Tired? Nearly 70% of Americans Plan to Work in Retirement
Mar 20 2023
Working through retirement may seem like an absurdly oxymoronic approach to one's golden years, yet it's becoming the norm. Over two-thirds (69%) of unretired investors report they may work or continu...
wealthofgeeks.com
Long-Term Care Planning vs. Taxes: Finding a Healthy Balance
Mar 20 2023
Many families discover that trying to mitigate the cost of long-term care can conflict with another common retirement concern — reducing taxes for retirees and their heirs....
kiplinger.com
Do you have Active Coverage from a Medicare Advantage Plan, Medicaid or other Plans from Marketplace ( Obamacare)
Mar 20 2023
Paid Research Opportunity Savvy Cooperative is looking for people who have Active Coverage from a Medicare Advantage Plan, Medicaid Plan, or other plans from Marketplace (Obamacare) Details 10-min use...
reddit.com
Clean Out Your Estate Planning Attic
Mar 19 2023
Cleaning out your estate and related planning "attic" can simplify your planning, identify steps and improvements, save professional fees and taxes....
forbes.com
How A Botched Retirement Plan Led Me To Living On A Cruise Ship
Mar 19 2023
My initial retirement plan wasn't to retire part-time on a cruise ship, but Mother Nature had other plans. Here’s what happened....
travelawaits.com
Advice needed as I approach retirement
Mar 19 2023
Hello, wise and helpful people :) I'm (Single, no dependents, M58) planning to retire at 60 in the fall of 2024. My pension will cover 86% of my living expenses, and the remaining 14% will come from i...
reddit.com
Wapo article on senior care
Mar 18 2023
Curious to know how the people on this sub are planning to handle this, or how they're thinking about it. https://www.washingtonpost.com/business/2023/03/18/senior-care-costs-too-high/ submitted by /u...
reddit.com
Frontline's Age of Easy Money
Mar 17 2023
Anyone changing their retirement investment mix, retirement plans or both? Seems like we just lived through a very unusual period of financial events which dont correlate to anything we have seen in t...
reddit.com
Top 10 Costly Mistakes In Estate Planning
Mar 16 2023
During the estate administration process, it is easy to see where the decedent veered off course. Often the fix was inexpensive and could have saved their heirs lots of money in legal fees....
forbes.com
Financial Planning Checklist For LGBTQ Families
Mar 13 2023
There are areas of financial planning for LGBTQ families that need special attention and are often overlooked. Taking a proactive approach will help ensure that LGBTQ couples’ finances are handl...
forbes.com
Denied by AI: How Medicare Advantage plans use algorithms to cut off care for seniors in need
Mar 13 2023
submitted by /u/lebushjr[visit reddit] [comments]...
statnews.com
What should I chose? Im just starting my roth IRA today and am planning on putting in $100 per month what should I invest in?
Mar 13 2023
submitted by /u/MyNameNickk[visit reddit] [comments]...
reddit.com
I just started a mission square retirement account at work that my employer contributes to I see two different accounts when I login, one labeled RHS & one labeled 457B I am brand new to this so
Mar 13 2023
submitted by /u/VicWoodhull[visit reddit] [comments]...
reddit.com
Back End Slats A SLAT, ILIT, DAPT, Or SPAT By Another Name?
Mar 12 2023
SLAT, DAPT, SPAT - Demystifying the Trust Alphabet Soup including the latest moniker "Back Door SLAT" to help you really plan....
forbes.com
The Danger Of Dualism In Financial Planning
Mar 12 2023
In the age of blogging, vlogging, podcasts, and TikTok, bite-sized personal finance instruction is abundant. But is that helpful or hurtful?...
forbes.com
Secure 2 0 Act's Automatic Enrollment Provision Pros and Cons
Mar 10 2023
The new legislation requires employers to automatically enroll employees in retirement plans like 401(k)s. What are the benefits and drawbacks?...
kiplinger.com
Best easy books on estate planning?
Mar 07 2023
Written on a for dummies level submitted by /u/Huge_Prompt_2056[visit reddit] [comments]...
reddit.com
Thinking About Semi-Retirement? What You Need to Know
Mar 06 2023
Whether you need time to rebuild your nest egg, or you want to ease into full retirement, some financial planning can make the transition a smooth one....
kiplinger.com
SECURE 2.0 Act Helps Small Businesses Encourage Employees to Save
Mar 05 2023
Enhanced credits for small-business retirement plans, expanded 401(k) options and other provisions support businesses that give their employees a leg up on saving....
kiplinger.com
Planning to Retire in 10 Years? Do These 3 Things First. | The Motley Fool
Mar 05 2023
Taking these steps now can lead to a more comfortable retirement....
fool.com
Corporate Profits & Their Effect On Earning Limit Calculations
Mar 03 2023
I am considering semi-retiring this year. I am 62. I own a business and plan to continue working part time. My business is a LLC (files taxes as an S Corp) and I pay myself through the company. Taxes ...
community.aarp.org
Do Your Heirs A Favor: Make A Plan For The Family Home
Mar 02 2023
Decide now what you want to do with the family home after you are gone — and then write it down and update as necessary...
forbes.com
Planning Your Dream Retirement? Reconsider These 3 Scenarios
Mar 01 2023
When deciding on the ideal place to retire, a little homework can spare you a lot of headaches...
forbes.com
Alaska State Workers Hoodwinked Into Believing 401(k)-Style Retirement Plan Was As Good As A Pension
Mar 01 2023
From Alaska to Florida, America’s state and local governments have been pushing their workers out of pensions into 401(k)-type retirement plans—misleadingly claiming the retirement benefit...
forbes.com
Master the Art of Anticipation: How Travel Planning Can Double Your Vacation Fun!
Feb 28 2023
It’s hard not to enjoy a good vacation… a chance to get away from the “same old” just for a little while. Traveling can be an opportunity to visit places you’ve never be...
routetoretire.com
If you're planning to retire in 10 years, do these 4 things first
Feb 27 2023
It's always best to make sure you're prepared for retirement well before you get there. These four steps can help make sure you're ready....
usatoday.com
Using the AFP to Develop a More Aggressive Financial Plan in Retirement
Feb 27 2023
In our last post, we indicated that there are several levers in the AFP that more conservative users can employ to reflect their lower tolerance for potential future spending reductions, including: Us...
howmuchcaniaffordtospendinretirement.blogspot.com
Corporate Transparency Act Affects Your Estate Plan
Feb 26 2023
The Corporate Transparency Act will affect many people and require reporting of entities that form the foundation of many estate plans....
forbes.com
529 plans get a boost with tax-free rollovers to Roth IRAs
Feb 24 2023
Thanks to the SECURE 2.0 Act, you’ll soon be able to roll over funds from your 529 into a Roth IRA, as long as certain conditions are met. Here’s what you need to know about the new change...
kiplinger.com
Your Experience with Medicare Advantage Plans
Feb 24 2023
I am looking to enroll in one to begin in April this year. I am currently looking at Optimum HealthCare, Inc. | Plan ID: H5594-002-0 but am seeing mixed reviews all over the place. I have medical issu...
reddit.com
Any AZ snowbirds shuttling between Socal and AZ?
Feb 24 2023
Planning to retire within 5 years. I live in an LA-area house that’s fully paid off. Looking to downsize then by buying a cheaper and smaller house, perhaps in southern OC or SD, and one in PHX....
reddit.com
SSA Underpays Delayed Credits in First Year
Feb 24 2023
I'm amazed not to have read the following anywhere while planning retirement, so I thought I'd alert others to how delayed credits work. As you all know, your benefit is increased by 1/12 of 8% (2/3%)...
reddit.com
What are your plans for your immobile years?
Feb 23 2023
Yesterday as we were delivering Meals on Wheels to so many who can barely make it to the door, I asked my husband what his plan was for when he can’t drive anymore and for when we are shuffling ...
reddit.com
Improving Retirement Planning by Employing Basic Actuarial and Financial Economic Principles
Feb 22 2023
In our post of July 23, 2020 entitled, “How to Fix Advisor Retirement Planning Models,” we summarized some of the problems with commonly used Monte Carlo approaches used by financial advis...
howmuchcaniaffordtospendinretirement.blogspot.com
Some Surprises In Medicare Advantage Plans
Feb 21 2023
Know the long-term effects before choosing a plan....
forbes.com
When Estate Planning, Don’t Let Mistakes Thwart Your Wishes
Feb 21 2023
Should you work with an attorney to write your will, or can you do it yourself? That depends on a number of things, including where you live....
kiplinger.com
Unrealized Potential: Savings Accounts In A Retirement Plan
Feb 21 2023
This article proposes that, as a way to encourage consumers to save for retirement, banks offer a new type of savings account that has retirement plan features, the demand for which, unlike existing s...
forbes.com
Do you mentally prepare for retirement?
Feb 21 2023
I understand being financially prepared and having that plan in place, I am having a hard time getting my brain to accept that I don’t need to work my ass off to seek promotion or new responsibi...
reddit.com
Almost 50 and have not done any retirement planning. I don't know where to start.
Feb 21 2023
I had kids late. All 3 are under 14 so things are tight but I'm trying to prepare for retirement for my wife and I but don't know where to start. Everything I've read elsewhere seems to lead me to "WH...
reddit.com
Is Financial Planning As Good As Couples Therapy?
Feb 19 2023
"This has been more helpful than couples therapy!" is something that good financial advisors will inevitably hear in their work with couples....
forbes.com
I am new to financial planning for retirement. Please help.
Feb 19 2023
I am 30yo and just recently started getting active in planning for retirement. I had about 14k from a previous 401k that I transferred to a a Fidelity account. I set it for Auto management and it is b...
reddit.com
Rate my retirement
Feb 19 2023
I'm currently 31. Planning to retire at 55. I work for my county government. As such. We are part of the state pension plan. If my income trends stay about how they've went. I'm looking at making appr...
reddit.com
Only The Rich (Or Fools) Can Afford To Buy New Cars Today
Feb 18 2023
As someone who is planning to buy a new car by 2025, I’m having second thoughts. With the average new car price at almost $50,000, it seems like only the rich can buy new cars today! Think about...
financialsamurai.com
Enhance Your Longevity Literacy And Improve Your Retirement
Feb 16 2023
Increase your financial security by understanding how long you could live and planning for a long retirement....
forbes.com
Worried About Social Security’s Future? Make A Plan For When To Start Your Benefits
Feb 15 2023
Your optimism or pessimism about our politicians’ courage to shore up Social Security benefits could influence your claiming strategy, depending on your situation....
forbes.com
Estate Planning Seminars
Feb 15 2023
I get invites for a free dinner to listen to lawyers tell me how to protect my wealth on the reg. Is anything gained from attending these other than the meal and being scared into paying a lawyer a lo...
reddit.com
Retirement Planning That Lets You Enjoy Your Second Childhood
Feb 14 2023
Given inflation, rising interest rates and a possible recession, how can near-retirees feel confident that their planning will ensure a fun and secure retirement?...
kiplinger.com
12 College Financial Planning Tips for Parents
Feb 13 2023
Paying for college is expensive, which is why college financial planning should really begin as soon as each child is born. But, let’s be honest. Sometimes life gets in the way, and, before you ...
401kmaneuver.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.