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.
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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...
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...
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...
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....
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...
People leave a lot of money on the table by waiting until late in the year to consider their charitable gifts....
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...
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 ...
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...
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...
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 ...
Responses to multi-agency request for information will help shape report to Congress…...
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 ...
The post 5 Tips on How to Get Started with Estate Planning appeared first on The Retirement Solution....
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...
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....
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...
The priority of every estate plan shouldn't be taxes, investments, gifts, or other financial issues....
Entering your 40s can throw you into an emotional tailspin — one that may lead you to spend more and jeopardize your nest egg....
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...
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....
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?...
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 ...
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 ...
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...
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...
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...
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:...
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...
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...
Let's ditch the one-size-fits-all debt drama from financial pros and gurus in favor of more personalized personal finance guidance....
Pooled employer plan debuts this week in partnership with Ameritas, AmericanTCS and…...
We've got no kids and I'm not particularly close to my niece and nephew, having spent all of about 20 hours with the since they were born. My partner and I do need to make a will because it's irrespon...
I have decided to retire early (62) and trying to decide if I should start this process with HR or just take all my vacations and then give 2 weeks notice. I have a pension plan but I probably will no...
While concern about stability is understandable, worry about costs is based on serious misperceptions. At any given time, only about half of private sector workers in the United States are covered by ...
If you’re married, do you have retirement planning meetings? If you’re single do you plan a time to meet with yourself to plan your retirement? What or whom do you use as a sounding board?...
As CDs mature and rates drop, where would you move this money? My current portfolio is 50% Equities, 40% CD and 10% Bonds. I'm drawing SS and plan to retire this year. I'm 68 years old, sold my house ...
SECURE 2.0 auto-enrollment tax credit provides “substantial incentive” for self-employed…...
Today you’ll meet Mark–half of our newest case study for Retirement Plan Live. Mark and Mary are a year and a half into their new marriage and are trying to figure out how to plan the rest...
The more the Great Recession recedes in the rearview mirror, the clearer is the damage sustained by the workers born in the final years of the baby boom. These so-called late boomers were between 42- ...
The new year will usher in more changes than usual that will impact your retirement plans....
Losing the founder or long-time owner of an enterprise can leave the business adrift and shatter family relationships, but it doesn’t have to be that way...
Hi, Soon to be 64 and contemplating Retirement. Not sure exactly when. Told we could afford it now. We have no debt as cars, mortgage, CC are all paid. I think our income will be ok. I will be out wit...
Estate planning is vital to your protection and those you love. Plan!...
Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Spotify Podcasts” or read below about Navigating Elections, Tax Changes, and...
Today Laura Stover, RFC® explores the concept of choice overload and how it can affect your investment behavior and retirement planning. With so many options and information available to us, it's ...
Today, Laura Stover, RFC® and Michael Wallin, CFP® discuss the importance of planning for retirement income and the role of annuities in retirement planning. They start by emphasizing the sign...
In 2024, more low-balance, forgotten 401(k)s and similar retirement plans could be forced into rollover accounts, which don’t benefit their owners. Here’s what to know....
Retirees aren’t finished with their retirement planning! Here are six goals to keep your retirement on track....
The end of the year is always the best time to reflect and plan. I'd like to share severalfinancial moves you should make before the new year in order to protect your wealth and hopefully grow your we...