Showing 50 results of 348
I've been reading and researching different allocation and withdrawal strategies for retirement savings and the 'bucket strategy' was one that appealed to me. The basic premise as I understand it, is ...
Since middle school, I've embraced frugality, largely influenced by my parents' thrifty habits. They drove aging cars, donned the same clothes for decades, and preferred water at restaurants. Today, I...
Jennifer, 54, plans to retire soon. Her husband, 70, is retired, on Social Security, and dealing with some severe health issues. Jennifer worries about possibly becoming single in retirement, which co...
Fidelity retirement specialist is telling me that I could take a portion of my 401(k) money and put it in what is called an anchor strategy. He is proposing an annuity for three years. The goal would ...
In today's fast-paced environment, it can feel like there's never enough time to accomplish all of our goals. Between career obligations, socializing with friends and family, and our own personal deve...
If past financial crises has caused you to pause and re-evaluate what you want your money to do for you, you are not alone. Tens of millions of Americans who trusted the traditional approach to saving...
The "Three Bucket Strategy" is a popular retirement income planning method. The first bucket covers immediate expenses in retirement. Listeners John and Donna are seeking advice on constructing their ...
Learn what is Coast FIRE and how it can help you achieve financial freedom to help you enjoy retired life before your 60s....
In 2009, I established my first rule of FIRE: generate enough passive income to cover your basic living expenses. Once achieved, you attain financial independence and the freedom to pursue your desire...
Hi, I plan to retire in 1-4 years but more than likely towards the higher end with my Son just starting college. His expenses are covered in a 529 but ya never know…and I like (on most days) my...
I was hoping to get some advice from folks who have done this. My wife and I currently live in Seattle. We have lived here 30 years but it getting too expensive. At 62 I still have a mortgage to pay o...
Has anyone used the NUA (Net Unrealized Appreciation) Strategy for 401k’s with highly appreciated company stock? If so, did you use the Frank Duke or standard method? I’m curious how popul...
At a certain age you'll start getting invitations to listen to pitches for various financial planners and products. They're usually held at nice restaurants and include a good dinner. Always go. You g...
After months of speculation, last week the SEC approved spot Bitcoin ETFs. In the months prior to the approval, Bitcoin reentered the public consciousness. Its price jumped by over 60% in just under t...
YOU HAVE WORKED HARD, SAVED, INVESTED — all with the goal of having enough to live the retirement life you ... Read more...
Sorry for the length. I'm looking for reactions to our approach to downsizing and staying out of managed care. We've watched a number of people our age dealing with parents who are forced to move out ...
I recently terminated my financial advisor based on the helpful feedback from this subreddit. NOW, I need to educate myself more. I am planning to retire next year, and wondering about when to start s...
Simple diversification used to be the go-to plan for a typical portfolio. A balanced plan of stocks, bonds, and cash would simply do the trick. But that type of diversification has been proven less ef...
I recently received the following reader comment: “In regards to spending in retirement, I wonder if you could educate your readers, including myself, about differences between a 60/40 asset all...
I recently retired with a pension. With my pension and my Social Security, I’m still going to be in a fairly high tax bracket. When I left my government job, I was allowed to roll my IAP 457 ove...
Retirement planning consists of 2 broad phases – accumulation and withdrawal. Early retirement is difficult to achieve because there is less time to build wealth and more years to spend. The tim...
Out-of-pocket healthcare costs in retirement continue to rise. Not just a Baby Boomer problem, Millennials could see their healthcare costs double in retirement....
With the 2022 RRSP contribution deadline right around the corner, it’s the perfect time to revisit your retirement savings strategy. Is the money in your RRSP aligned with your retirement goals?...
I'm a canadian in my mid 20's. Since the past 2 years, I used the services of a financial advisor who works for an independant private financial service group. All of my investments are currently in m...
Hello. I am 58 retiring at 60 with a public pension of $2700 and would have a base $1200 monthly SS (at full SS age 67) coming from pre-pension jobs. However, my SS is subject to the full monthly WEP ...
if your portfolio doesn’t generate enough passive income to fund your lifestyle then you may want to consider including an Early Retirement Bucket Strategy....
There are many articles claiming to have the Best Roth Conversion Tax Strategy. In the end it all comes down to individual situations and where they are...
Look to build savings, reduce risk, minimize taxes and ensure a successful retirement by reviewing your budget, contributions, allocations and beneficiaries....
The Answer: Diversify! If you’ve saved $100,000 + for retirement in an IRA, 401(k), TSP or other retirement account, get your free guides written by me. I’m the company’s on-staff, H...
I compared two free calculators for the optimal Social Security claiming strategy with hypothetical test cases. They both do a good job....
A Roth conversion can be a smart move. But it can be made even smarter if you use more than one Roth IRA to do it, then recharacterize the underperformers....
In this week’s Wealth Wise advice column, planners explain why a "core-satellite" strategy might offer the best of both worlds.
Do you have a 401k account from a former employer, kind of invested, you think, and still being charged FEES? Yes, your old 401k account is not free and you’re being charged fees. So, the question is…...
You don't need to have retirement figured out before you FIRE. Why giving yourself permission to do nothing might be the best way to start early retirement.
Episode 536 00:00 Introduction 01:45 – Market Resiliency & Normalizing Rates 04:15 – Historical Rate Regimes (Post-WWII to 1970s) 07:30 – The Natural Rate Benchmark & Nominal GDP 10:00 – Economic Bene...
Even wealthy pre-retirees worry about financial security in retirement. That's because peace of mind requires an income strategy, not just a high net worth.
A tax planning strategy that combines direct indexing and tax-loss harvesting could help retirees minimize what they pay Uncle Sam and keep more of their wealth.
Here's my approach to goal-setting and how I incorporate SMART goals into my overall strategy. Using SMART goals has been highly effective. The post Setting SMART Financial Goals appeared first on The...
September is Life Insurance Awareness Month. What better time to take a look at the best way to find a policy that supports you and your family?
Record market highs can present an opportunity to retire earlier than planned, provided your strategy relies on spending control, risk management and more.
Without a shift in your investment strategy, all it takes is one bad year in the markets to derail your retirement plan.
Securing your future before life hands you a major transition, such as retirement or widowhood, is the best way to ensure you have clarity when it matters most.
Social Security may still be part of the retirement picture for younger workers, but it shouldn't be the cornerstone of your strategy. How to adapt.
Women should move beyond simple saving to a strategy that optimizes taxes, asset location and diversification, so every dollar works toward long-term goals.
As I get closer to retirement, I'm trying to figure out the best way to budget for major home expenses. Things like a roof, A/C unit, water heater, or appliance replacement may not happen for years, b...
Diversification is a risk management strategy that mixes a wide variety of investments within a portfolio. We'd venture to guess that everyone who is listening to this podcast is very familiar with th...
A declining market will make any retiree uncomfortable, and it could put your future in jeopardy if you haven't thought through your withdrawal strategy. Many retirees struggle to shift their mindset ...
From second marriages to special needs trusts, test your disinheritance strategy with our 10-question quiz to prevent family feuds.
If you're a retiree with a pension, treating taxes as a core part of your retirement strategy is the best way to keep your income sustainable for the long haul.