By Danielle Howard, CFP in MarketWatch
Danielle takes her plumbing metaphor a bit too far but provides sound advice on intentional money management in retirement. By which she means you need to pay attention to the little stuff, stop the small leaks before you find yourself with a depleted retirement...
It's that time of the year again! RMD's! Many retirees love to hate their required minimum distributions, or RMDs. What to do? When to take it out? How much to pay in taxes? There's a myriad of questions. In this video, Morningstar discusses the topic with Maria Bruno, head...
“I
can’t wait to retire!” Have those words ever come out of your mouth? Oh, the
thought of divorcing that demanding, unreasonable boss; doing what you want
when you want; burning all the bridges you never intend to cross again. It’s
the payoff for all those years of hard work.
Unfortunately,
the retirement dream we’ve...
“What in the world does that mean?” I can’t tell you how many times I’ve been asked that question during almost 30 years in the financial industry. Clients naming beneficiaries on IRAs, 401(k) accounts, annuities, or insurance policies stop dead-in-their-tracks when asked to decide whether they want beneficiaries to...
Since its beginning in 1935, Social Security has become synonymous with retirement income. But as with any government program, Social Security is a behemoth with a lengthy list of rules and hidden intricacies that can make a huge difference in the amount you receive.
Collectively, Americans lose trillions of Social...
Almost one-quarter of the 65 million people receiving Social Security rely on it for 90% of their retirement income. They’re locked in and there’s nothing they can do to get a bigger check except cross their fingers and hope for a cost-of-living raise every year.
No one wants to be...
You plan for it, you dream about it, you look forward to it. But are you ready for it? Will you have the kind of retirement you’ve always wanted, or are there still some nagging questions? The 2021 Retirement Readiness Survey from the Insured Retirement Institute found that one-third...
When do you want to retire? For a lot of Americans, the answer is just as soon as possible. And it’s no wonder. Only 20% of U.S. workers are passionate about their jobs. 55% don’t like what they do. It’s a means to an end. They just want to...