Planning
Showing 50 results of 1046
Hidden Flaws That Frequently Mess Up Estate Plans
Nov 27 2024
Many people believe they have solid estate plans but really are putting their legacies at risk because of some very common oversights....
forbes.com
2024 Year-End Investment Checklist
Nov 27 2024
Investors can create a well-structured plan to help achieve their financial goals before year-end. Check out these six investment planning ideas to consider....
forbes.com
Alert: Mutual Of Omaha And Clear Spring Are Dropping Part D Drug Plans
Nov 27 2024
Mutual of Omaha and Clear Spring have decided to leave the Medicare Part D drug plan market. Thousands of people could end up with no coverage....
forbes.com
Year-End Planning: Charitable and Family Giving
Nov 27 2024
Welcome to another episode dedicated to enhancing your retirement journey! Today, we wrap up our series on year-end action items with a focus on charitable and family giving. Discover how strategic ch...
share.transistor.fm
A Fun Way To Help Your Retirement Over The Holidays
Nov 25 2024
You’ll gain helpful insights to plan your retirement by asking retired relatives and friends thought-provoking questions during the holidays about their life in retirement....
forbes.com
What Not to Do When Planning Your Retirement
Nov 24 2024
Committing any of these four common mistakes can set you back in your golden years. Here's how to increase your chances of a successful retirement....
kiplinger.com
GreenPath 401k Debuts as ‘First Fully Vetted and Transparent’ Retirement Plan for Legal Cannabis Industry
Nov 24 2024
Green Leaf Business Solutions taps First Citizens Bank as Custodian to bring top-tier 401(k)…...
401kspecialistmag.com
Corporate Roundup: Fiserv and ADP Partnership, NAGDCA Offers Governmental DC Plans Guide
Nov 24 2024
The latest news from Fiserv, ADP, NAGDCA, T. Rowe Price, and more...
401kspecialistmag.com
12 Year-End Tax Planning Strategies to Keep More 2024 Money and Prepare for Future Wealth
Nov 23 2024
These 12 year-end tax tips for retirement will help you minimize your 2024 taxes and reduce future tax bills. The post 12 Year-End Tax Planning Strategies to Keep More 2024 Money and Prepare for Futur...
boldin.com
The Bucket Planning Strategy: Your Key to a Reliable Retirement Plan
Nov 23 2024
How can you do more of what you enjoy in retirement? Start by creating a plan. Watch a free clip from the “Retirement Ready: Building Your Financial Plan” online […] The post The Bu...
theretirementsolution.com
Retirement planning by the hour or fee based investing?
Nov 23 2024
Hi. We're about five years out from retirement. Want to safeguard our nest egg while maximizing any possible returns. Most of it is in pre-tax IRAs. Financial advisor proposes one of two ways to move ...
reddit.com
Hiring a financial planner for a CD ladder
Nov 21 2024
One of the concerns for a good financial plan is immediacy of money. The guy I'm talking with has a money market type bucket for money that is readily available (no charge for this service). A second ...
reddit.com
Smart Borrowing: How Flexible Credit Lines Can Support Your Financial Independence
Nov 21 2024
Achieving financial independence requires strategic planning and smart decision-making, especially when it comes to borrowing. Unlike traditional loans, flexible credit lines offer a dynamic approach ...
thinksaveretire.com
Thrift Savings Plan Contribution Limits for 2024 and 2025
Nov 21 2024
Thrift Savings Plan contribution limits are rising to $23,500 in 2025 from $23,000 in 2024. Plus, new catch-up limits for people 60-63....
kiplinger.com
A Simple Plan to Fix Social Security? Be Suspicious, Very Suspicious
Nov 21 2024
This proposal would undermine support for the program and delay a real solution. My clever friend, and occasional co-author, Andrew Biggs is up to mischief again. He and his lawyer co-author Kristin S...
crr.bc.edu
A Plan for Reliable Lifetime Income Using Bucket and Income Floor Strategies
Nov 21 2024
This is a deep dive into developing a retirement income plan using the concepts of an income floor and a three bucket plan comes from Glen Nakamoto, a long time user of the Boldin Planner. Here is Nak...
boldin.com
The Downside of Working "Just One More Year"
Nov 21 2024
Are you delaying retirement, working for "just one more year" to feel ready? In this episode, Ari and James dive into goalpost planning—the tendency to postpone retirement over financial or emot...
buzzsprout.com
For a More Secure Retirement, Build in Some 'Safe Money'
Nov 20 2024
To solidify your retirement plan, write it down, reduce your market risk and allocate more safe money into your plan for income....
kiplinger.com
The Medicare Prescription Payment Plan: Yay Or Nay?
Nov 20 2024
The Medicare Prescription Payment Plan allows a drug plan enrollee to spread their prescription drug costs out over the year....
forbes.com
Retirement Year End Planning: Withdrawing from Assets
Nov 20 2024
Join us in this insightful episode as we continue our series on year-end action items, focusing on optimizing your retirement planning. Today, we delve into the intricacies of withdrawing assets, disc...
share.transistor.fm
Better Planning Starts with Granular Budgeting
Nov 20 2024
Thanks to Rivan Stinson for teeing up the Actuarial Approach in Stinson’s recent Washington Post article titled, “Retiring soon? Plot a detailed budget first before tapping your 401(k).&rd...
howmuchcaniaffordtospendinretirement.blogspot.com
Why States Are Offering Workers at Private Companies Access to I.R.A.s
Nov 19 2024
With the plans, workers are automatically enrolled and contribute through payroll deductions. The goal is to help more Americans save for retirement....
nytimes.com
Why Most People Still Plan To Take Social Security Early
Nov 18 2024
Despite knowing that they're giving up higher income, many pre-retirees plan to claim Social Security benefits before full retirement age....
forbes.com
The C.S. Lewis Quote That Could Transform Your Financial Future
Nov 17 2024
You can't change the beginning of the story in your financial plan—but you can change the ending....
forbes.com
Estate Planning: How Does the Basis Step-Up Rule Work?
Nov 16 2024
The step-up in basis, one of the most powerful tools in estate and tax planning, can make a huge difference in capital gains taxes owed....
kiplinger.com
The 4% Rule: Clearing Up Misconceptions With Its Creator Bill Bengen
Nov 15 2024
I had the pleasure of speaking with Bill Bengen, creator of the “4% Rule” for retirement planning. Bill has been a reader of Financial Samurai for many years and has always been courteous ...
financialsamurai.com
How to Create a Retirement Income Plan to Cover Caregiver Costs
Nov 14 2024
Getting all of your assets to work together is key to having enough retirement income to pay for caregivers and other long-term care needs....
kiplinger.com
Retirement Plan Participants Want More in Digital Experiences
Nov 14 2024
Still, a Corporate Insight report finds that 87% of plan participants are “somewhat…...
401kspecialistmag.com
Plan For Retirement Beyond Your Go-Go Years
Nov 14 2024
With long retirements, you’ll need to plan ahead for multiple phases of life that come with different needs and interests....
forbes.com
Retirement Year End Planning: Contributing to Assets
Nov 14 2024
Join us as we dive into year-end financial planning strategies to optimize your retirement plan. This episode unpacks the essentials of contributing to various accounts like 401(k)s, IRAs, Roth IRAs, ...
share.transistor.fm
From Soldier to Financial Planner: Jim’s Journey to Inspiring Others
Nov 13 2024
In a world where financial stability often feels elusive, Jim’s journey from military service to financial planning offers a unique perspective on discipline, planning, and the importance of a [...
theretirementsolution.com
Podcast: The B.O.S.S. Retirement Blueprint Explained (Ep. 2)
Nov 13 2024
Want to improve your knowledge of retirement planning without feeling overwhelmed? Welcome to episode two of Retirement Solutions The Podcast! Join Tyson and Ryan Thacker this week as they dive&hellip...
bossretirement.com
How will Trump Impact My Retirement Plans?
Nov 13 2024
Understanding how the results of the 2024 election could affect your decisions in retirement. It's natural to wonder if political shifts will impact your financial decisions. Many are predicting major...
keilfp.com
How to Plan for Retirement When Only One Spouse Works
Nov 12 2024
When you're married but only one spouse works, leaving retirement planning to the working partner puts financial security at risk. A joint effort is vital....
kiplinger.com
Why Do Workers Yearn for Defined Benefit Plans?
Nov 12 2024
A closer look at the Boeing negotiations only makes the question more puzzling. Boeing workers recently accepted the company’s third offer. The agreement does not include reopening the Boeing de...
crr.bc.edu
Time for Some Fall Financial Maintenance: Here's a Checklist
Nov 10 2024
As you rake the leaves and clean the gutters, you should also consider tackling seven key year-end planning chores....
kiplinger.com
How Women Can Navigate Competing Priorities as They Age
Nov 10 2024
It takes planning and some frank conversations, but women can aim for a happy and financially secure retirement while supporting loved ones. Here's how....
kiplinger.com
Looking for a great retirement option that is affordable!
Nov 10 2024
I'm 59 and my retirement savings situation is not great. I'm single, female, and live in Texas. I do own a home right now, I have about $140k in equity. I am still working full-time and I'm planning t...
reddit.com
Trump Presidency: Yes, Estate Planning Is Still Important
Nov 10 2024
President Trump might extend the bonus estate tax exemption or even repeal the estate tax. But estate planning remains important, just different....
forbes.com
Want Your Kids to Inherit? You Need an Asset Protection Plan
Nov 09 2024
You've worked hard for your wealth. Don't let it fall into the wrong hands. Consider prenups, trusts and other protections to safeguard your family legacy....
kiplinger.com
The Election is Over: Should You Think Any Differently About Your Retirement Plans?
Nov 08 2024
President Trump's reelection likely means major policy shifts. Here are 5 considerations for preparing your retirement plans for these changes. The post The Election is Over: Should You Think Any Diff...
boldin.com
Looking for thoughts on how you developed interests while planning retirement.
Nov 07 2024
Thoughts on developing interests after retirement I’m not retired, but working hard to be. My wife and I are currently 55 and m looking at 4-6 more years. I have a retirement planning notebook w...
reddit.com
Financial Planning Through Changing Presidencies: My Journey
Nov 06 2024
With Donald Trump set to become the 47th President of the United States, it’s natural to wonder what this new administration could mean for your finances. For most people under 30, a change in l...
financialsamurai.com
457 Plan Contribution Limits for 2025
Nov 06 2024
There are higher 457 plan contribution limits for state and local government workers in 2025 than in 2024....
kiplinger.com
Retirement Year End Planning: Tax-Loss Harvesting
Nov 06 2024
Welcome to a transformative episode where we delve into year-end financial strategies to optimize your retirement planning. Join us as we discuss tax-loss harvesting with Erin Coe, a seasoned planner ...
share.transistor.fm
Are You an Estate Planning Procrastinator? Where to Start
Nov 05 2024
Quit putting it off, because it's vital for you and your heirs. From wills and trusts to executors and taxes, here are some essential points to keep in mind....
kiplinger.com
Planning for 2025's tax brackets and retirement rules
Nov 05 2024
The adjustments reflect how inflation is slowing down and upcoming changes to the rules based on the Secure 2.0 Act and the Tax Cuts and Jobs Act....
financial-planning.com
Should You Include Real Estate in Your Retirement Plan?
Nov 05 2024
Consider the advantages and disadvantages of using real estate to fund your retirement years....
money.usnews.com
You Need an Estate Plan
Nov 04 2024
If you are reading this, you probably need an estate plan. If you have children, live in states like California, you owe it to your family to have an estate plan that includes a revocable trust. One o...
andrenader.substack.com
A Nightmare on 401(k) Street: The Spookiest Retirement Facts
Nov 03 2024
These facts are sure to keep 401(k) plan advisors and investors at the edge of their seats...
401kspecialistmag.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.
