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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You've done the hard work. You saved consistently, built a seven-figure portfolio, and are ready to enjoy retirement. But even millionaire retirees can make mistakes that put their plans at risk. In t...
Fear of facing the fact that we all die may be the reason why people hire an attorney to do their estate plan documents but then fail to sign them. It can create a mess....
For those of you who are married which spouse retired first and what was the reason for this? How are the dynamics post-retirement? I will retire before my husband. I've always made less and as I stop...
My wife and I plan to retire at the end of 2028. While we both have good paying jobs now, for most of our adult lives, we've been barely making it - raising children and living paycheck to paycheck. O...
Answering listener questions about the pros and cons of traditional vs. Roth contributions, merging finances when a spouse has no income but owns an IRA, and how to maximize annual contributions to a ...
? Show Notes In this episode, Roger Whitney wraps up our four-week series on smarter retirement goal setting. He dives into the ideas of buoyancy and Maslow’s hierarchy of needs, showing how the...
From procrastination to AI, these five estate planning pitfalls could mean your heirs are left with bureaucratic hassles — or a reduced inheritance....
Think of investing in terms of time, savings and risk. By carefully monitoring all three, you'll keep your retirement plans heading in the right direction....
Recently, in her Motley Fool article, A Big Reason the Famous 4% Rule May Not Work for Your Retirement, Maurie Backman confirmed what we have been telling our readers for years—you aren’t ...
The Stretch IRA used to be much more generous for those receiving an inherited IRA. Here's what a Stretch IRA is and how to plan for it. The post What Is a Stretch IRA? appeared first on The White Coa...
I’m 61 and “retired” 4 months ago. Arthritis is taking its toll and I wanted time before I’m not able to do more than hang out in front of a tv. My wife plans to work for 5 mor...
I’m 51 & planning to retire around 60, likely in Ontario; probably Ottawa or Toronto. The financial side’s mostly sorted (pensions, TFSAs, RRSPs, the whole spreadsheet thing). What I k...
Public-sector pensions are shifting more risk onto employees through hybrid designs, variable contributions and COLA changes, transforming retirement planning for millions....
many people don’t know is that the Social Security Administration doesn’t recognize traditional powers of attorney. An additional step must be taken to complete the plan....
FROM THE ARTICLE. Are Workers Warming Up to In-Plan Annuities? Surveys show growing interest in 401(k) plans with a guaranteed-income option. By Maya Dollarhide and Tamara E. Holmes, AARP. Published O...
Private markets are trying to make a move from the margins to the mainstream in workplace retirement plans—and the implications could be enormous. In this episode, we sit down with Greg Jenkins,...
Retiring early isn’t just about having enough money, it’s about using the right tax moves in the right years. This conversation between James and Ari maps the three biggest levers for earl...
Change is in the air every fall – not just in the leaves and weather, but in your financial planning. At this time of year, the federal government announces some important rate adjustments that ...
Tax planning often slips to the bottom of our financial to-do lists—until a surprise bill or missed opportunity crops up. But behind the scenes, the right process for an ongoing tax strategy can...
FROM THE ARTICLE. 9 Steps Gen Xers Should Take to Prepare for Retirement. Shore up your emergency fund, prepare for medical costs and other moves to make before leaving your 9-to-5. By Cameron Huddles...
I’m looking for advice or some experience based opinions on my retirement plan. I’m two years out from retirement and at the same time, I would have my mortgage paid off at 60. But instead...
Retirement fears are real and deeply felt, but planning reduces the worry as shown by a poll of 1,000+ people who are approaching retirement. The post What Scares People More: Retirement or a Dark Wal...
Understand the key differences between Medicare Supplement Plans G and N, including costs, coverage, and how to choose the right one for your needs....
Rona Guymon and Jeremy Keil discuss how the recent economic changes have affected retirement plans and strategies....
New research from the National Council on Aging found that wealth plays a major role in longevity, a factor financial advisors say can dramatically alter retirement plans....
Joe Anderson, CFP® and Big Al Clopine, CPA tackle the fears that mess with even the best-laid financial plans, today on Your Money, Your Wealth® podcast 552. Big Wallet Barbie and Ken from the...
The MIT AgeLab’s Longevity Preparedness Index redefines retirement planning, turning longevity from a financial goal into a blueprint for living better longer....
Here’s what to know before you commit....
How can you identify gaps and hidden assumptions in your tax plan for retirement? The solution may be stranger than you think....
How many of these 29 retirement planning mistakes are you making? Almost everyone fails at #4, #8, and #26. See how to fix your errors. The post The 29 Biggest Retirement Planning Mistakes and 29 Easy...
The Social Security trust funds are on course to run dry in less than a decade, but finance experts say not to panic yet....
The belief that more data equals more control is an illusion. Our obsession with finding the“perfect” financial plan and receiving constant information often leads to anxiety, not peace. J...
Everyone should have a will. But should the will or a trust control most of the assets in an estate?...
In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions (QCDs) in end-of-year tax planning....
Homeowners who are considering using home equity in their retirement plan can analyze it like they do their other investments. Here's how....
Today, I’m speaking with Edward McQuarrie. Ed is the Professor Emeritus at Santa Clara University, where he taught in the marketing department for more than three decades before retiring in 2016...
To help ensure you reach your savings goals and enjoy financial security in your golden years, be aware of these common pitfalls. The key is to be proactive, informed and flexible....
Discover how auto features in 401(k)s improve outcomes and reduce costs, according to Principal's Marc Howell and Felix Okwaning....
Stock market swings. Uncertainty with Social Security and Medicare. New tax rules. The skyrocketing cost of healthcare. None of these things are small issues – and they’re reshaping how we...
The drug coverage provided by Medicare Part D is a key part of a retiree’s health insurance, and there are many options to choose from for those who have standalone Part D plans. Since these pla...
Business owners often can't rely on standard retirement strategies. Advisors explain how goal-setting, diversification and exit planning can secure their financial future....
Your will is the backbone of a strong, adaptable estate plan that ensures what you leave behind goes to your selected beneficiaries. Without a will, state laws determine who gets your assets....
If you’re 50 or older and planning to make catch-up contributions to your 401(k), big changes are on the way – especially if you’re a higher-income earner. The IRS recently issued fi...
Many retirees think they have a plan when what they really have is an investment pitch dressed up as planning. This episode uncovers why that illusion is dangerous, the costly mistakes it hides, and h...
Updated for 2025: New OBBBA rules now allow 529 funds to cover physician licensing exams, board certifications, and CME expenses. ... Read more...
Beneficiaries enrolled in Medicare Advantage and Part D prescription drug plans might be losing their plan as UnitedHealthcare, Humana, and Aetna (CVS Health) scale back offerings for 2026....
A spendthrift clause in an estate plan can protect an inheritance from a financially irresponsible child's debts and poor decisions....
When talking with my financial advisor and running all these scenarios and simulations for retirement it seems like getting to 90 yrs old is the goal. Is that even realistic? How many people who retir...
I've often asked myself, "If you could design a financial planning firm from the ground up, what would it look like?" Here's the answer. The post What Would Your Ideal Financial Advisory Firm Look Lik...
Retiring soon. Will my plan work? I am planning on retiring soon and I am making serious plans. I am hoping I can save at least $500k in stocks before retirement in about 6 years. I will also have abo...