Planning
Showing 50 results of 779
Help with retirement plan
Feb 10 2023
Hi guys, I was recently hired by a company and they have a retirement plan. This is my first job with this "benefit " and I don't really know anything about contributions or how the pension plan works...
reddit.com
Estate Planning? Four Strategies for Leaving Assets to Your Heirs
Feb 08 2023
No family is exactly like another, so here are some considerations to help you decide which distribution strategy best suits your situation, values and goals....
kiplinger.com
Caring for Aging Parents Takes Planning Ahead and Patience
Feb 07 2023
Having legal documents in order and planning for the cost of care will help make an already difficult time a little bit easier to handle....
kiplinger.com
Retirement Tools
Feb 07 2023
What is a retirement tool I should be using to help plan for the future? I am 28yo and would like a tool that takes into account my income, retirement accounts, owned properties etc. Maybe something t...
reddit.com
Which Medicare plan when also have VA benefits…
Feb 07 2023
Hubby turning 65 this year… for the past many years he has only had VA health benefits.. 100% coverage. He is in great health, his mom lived to 91, he plays tennis 4 times a week, walks several...
reddit.com
FM 026: Understanding What Todd Means By “Epochal Change”
Feb 06 2023
Click here to download the transcript of Todd's best tips for epochal change! Free Instant Access Two years ago, I announced to my Expectancy Wealth Planning course community that we were about to ent...
financialmentor.com
thoughts on money as you age?
Feb 06 2023
As you grow older, do you care less about money? I'm middle class and I'm still working but plan to retire in 10 years. I'm comfortable but not rich. My point of view is that I can't take the money wi...
reddit.com
Gay-specific retirement thoughts or community
Feb 05 2023
Not to get too niche, and with full respect to all here, but I see so many posts about planning for retirement and watching grandchildren, or spousal benefits, or others that assume a heteronormative,...
reddit.com
New to understanding contributions, what’s going on here?
Feb 04 2023
I recently started a new job that offers a vanguard retirement plan. I set my contributions from my pay to 10% for every biweekly check I get. “Your employer matches 125%of your contributions be...
reddit.com
Different Approach to Financial Planning Addresses ‘the Missing Middle’
Feb 03 2023
Nontraditional financial planning model allows you to pay for the expenses you incur between now and retirement — the middle of your life — without losing the ability to build wealth....
kiplinger.com
A Retirement Income Distribution Plan Is as Critical as Saving
Feb 03 2023
Designing a strategy to efficiently use your retirement savings is a critical step on your retirement planning journey to maximize your income and ensure a long-lasting retirement....
kiplinger.com
The Markets Were Miserable Last Year, But That’s Great News
Feb 03 2023
It’s all about perspective. Hopefully, you learned that your financial plan can withstand market downturns. If not, now you know you need to make adjustments....
kiplinger.com
Student Debt Plan Helps Black Retirees
Feb 03 2023
For the sliver of retirees who are far behind in paying their own or their children’s student loans, Social Security can withhold part of their benefits to pay the loans back. But college has go...
squaredawayblog.bc.edu
403 (b) Plan Question
Feb 03 2023
My employer allows me to contribute $22,500 and matches the same amount to my 403(b) plan. However, the IRS website shows that the maximum contribution is $66,000. My question is what makes up that di...
reddit.com
10 Year Retirement Project Plan?
Feb 03 2023
I just recently turned 55 and plan to retire at a fairly standard age of 65. Being the project manager that I am, I just started to think about "project managing" my countdown to retirement - which in...
reddit.com
My plan to retire at 55 UK - Comments/suggestions appreciated
Feb 02 2023
I'm planning to retire this year at 55. And would appreciate any feedback/suggestions on how I'm planning for it. Interest only Mortgage of 100k at 2% fixed for 5 years remaining. 700k pension - will ...
reddit.com
Designing a Retirement Plan
Feb 02 2023
I recently joined a committee at my company that is responsible for creating a new 401(k) plan. In our initial meeting we discussed terms around auto enrollment, plan loans, and Roth conversions. What...
reddit.com
How do you keep from dwelling on your age?
Feb 02 2023
I'm 63 and plan to retire in a month. In my life I have had many different self-images: as an athlete, a student, a soldier, a worker, husband, father. It didn't matter that I wasn't particularly good...
reddit.com
Strategic Retire Early Plan - Leisure Freak
Feb 01 2023
You need a Strategic Retire Early Plan if you want the option of early retirement. There are two crucial basics to everyone’s early retirement strategy......
leisurefreak.com
Do You Have A Defined Pension Plan? What To Know > - Leisure Freak
Feb 01 2023
Funding your early retirement with a Defined Pension Plan is a fortunate thing to have. However, you may have serious decisions to consider before taking......
leisurefreak.com
My Strategic Early Retirement Plan - Leisure Freak
Feb 01 2023
My Strategic Early Retirement Plan began in 1998 when I was age 40 and I decided I wanted to retire by age 50. Before starting my 10 year Plan I needed to know...
leisurefreak.com
Eggstack retirement planning software calculator
Jan 30 2023
Retirement Planning Software. Our mission is to help you overcome uncertainty about retirement planning and inspire confidence in your financial future....
eggstack.com
Need an Estate Planning Checkup? Now Is the Perfect Time
Jan 30 2023
An appointment with your estate planning attorney can address any holes that have developed and ensure everything is in place....
kiplinger.com
Gaining More Certainty in Your Retirement Income Plan
Jan 29 2023
Relying on market performance to close the gap in your retirement income could let you down, but a CD ladder and fixed annuities could provide some certainty....
kiplinger.com
How A 529 Plan To Child IRA Conversion Can Turn Your Teen Into A Middle-Class Millionaire
Jan 28 2023
Beginning in 2024, you can convert your child’s 529 plan to a Roth IRA. This backdoor Child IRA now becomes a valuable planning tool. Here’s a step-by-step process you can start today....
forbes.com
How To Save Your Retirement Plans From Falling Apart
Jan 27 2023
Your retirement plan can stay on track when you avoid these big mistakes....
forbes.com
Financial Planning Should Be Intergenerational
Jan 24 2023
Overcoming the unspoken rule that money is too taboo a topic to discuss among family members is important going forward. The reality is that families, at some point, will need to be on the same page a...
kiplinger.com
In Retirement Planning, What’s Your Retirement Personality?
Jan 23 2023
There are many ways to think about retirement planning, and your personality can influence yours. If your personality and plan match, you have a greater chance of retirement success....
kiplinger.com
The Year Ahead….
Jan 23 2023
Retirement planning requires making our best effort to project far into the future. That is hard, if not impossible. The reality is that we are constantly changing as is the world around us. We need t...
caniretireyet.com
How Long Does Retirement Last? Many Americans Don't Know
Jan 22 2023
And that can hurt their savings plans....
money.com
Software / tool recommendation for “complex” what-if retirement analysis?
Jan 22 2023
I have access to Fidelity and other brokerage web based planning tools which are nice but simplistic in the output they give and the what-ifs you can do. I assume it is intended to be user friendly an...
reddit.com
Am I Going to Be OK in Retirement? Yes, With Focus on 5 Key Areas
Jan 21 2023
All it takes is protecting what you save, having an income plan, knowing your health care options, reducing your tax burden and making an estate plan....
kiplinger.com
Estate Planning? 3 Ways to Know If Your Financial Adviser ‘Gets It’
Jan 20 2023
If they understand the value and mechanics of estate planning, they can offer you peace of mind and the support your loved ones will need when you’re gone....
kiplinger.com
Economic Devastation Might Be Exactly What We Need To Win
Jan 18 2023
Since I left my day job in 2012, I’ve been constantly preparing for economic devastation. I had to because I no longer had a safety net. My plan was to take a leap of faith and succeed. It would...
financialsamurai.com
Planning for retirement requires more than just financial planning
Jan 18 2023
Financial planning is important. Planning for your physical and mental health needs to be part or your plan as well. I'm surprised at how many people don't think of this. They end up floundering after...
reddit.com
Help deciding on a retirement plan set up
Jan 18 2023
Currently my spouse and I work for the government so we have modest pensions on deck for later. Both of our workplaces now are offering us 457(b) plans which got me thinking about Roth IRAs. We have n...
reddit.com
How anxious and stressful is planning retirement?
Jan 17 2023
I’m curious if anyone here can talk about the stress and anxiety and fear before retirement and how that affected them. Especially if you have stories looking back and realizing it made you a bi...
reddit.com
Stepping out of management in the last few months before retirement
Jan 17 2023
Hi all, Wondering if anyone else is in the same boat as me. I'm planning to retire about this time next year. My plan is to work my current job as a director (people manager) until around June or July...
reddit.com
Land buying question — pitfalls?
Jan 16 2023
As part of our retirement plan we’d like to purchase some rural land in another state now and build a home on it at a later date. I’m having trouble finding good info on the risks of doing...
reddit.com
Ongoing vs. One-Time Financial Planning in Retirement
Jan 15 2023
The Actuarial Financial Planner (AFP) advocated in this website is a relatively simple, deterministic actuarial model (i.e., it uses deterministic assumptions about the future to determine results). B...
howmuchcaniaffordtospendinretirement.blogspot.com
10 Changes to Know About IDR Plans for Your Student Loans
Jan 13 2023
By Andrew Paulson, CSLP, Lead Student Loan Consultant and Co-Founder of our partner site StudentLoanAdvice.com The Department of Education has proposed changes to the existing income driven repayment ...
whitecoatinvestor.com
The 5 Biggest Financial Threats You Face in 2023
Jan 09 2023
As the New Year gets underway, it’s good to set goals and make plans – but it’s also important to review the biggest threats you face. Here are the top 5 threats to your financial fu...
bankonyourself.com
7 Invaluable Retirement Planning Lessons from 2022!
Jan 08 2023
Between soaring inflation, stock market volatility, the worst year in history for bonds, and economic uncertainty, 2022 was a tough year for investors. But not all is lost! There are lessons to be lea...
bossretirement.com
My Financial Plan Step 2: Estimating Your Tax Bill
Jan 07 2023
Welcome back to the series on the 10 steps of my 2023 financial plan. In the previous newsletter, I covered the first step: revisiting my goals and mission statement. In today's newsletter, we will be...
andrenader.substack.com
Financial Planning for Retirement: It’s More Accessible, but Be Careful
Jan 06 2023
Financial planning and advice is no longer just for the wealthy. It can be especially important when planning for your later years....
nytimes.com
Climate Disasters: How to Protect Your Money, Home, and Retirement Well Being
Jan 05 2023
When planning retirement, you need to somehow prepare for many different kinds of unpredictable possibilities – inflation rates, stock market fluctuations, and the prospect of a long-term care n...
newretirement.com
Retirees, it’s Time to Update Your Financial Plan
Jan 02 2023
At the beginning of each new calendar year, we encourage our retired readers to perform an actuarial valuation of their household assets and spending liabilities to see whether changes should be made ...
howmuchcaniaffordtospendinretirement.blogspot.com
Fidelity Retirement Planning Tool: High-Level Model, Not Tactical
Dec 30 2022
Fidelity's retirement planning tool shows how much leeway you have and what moves the needle. It isn't designed to give year-by-year tactical guidance....
thefinancebuff.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.