Retirement News & Analysis

Some older Americans are unretiring because of financial challenges. This story is part of BI’s ongoing series on retirement regrets.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Saving for retirement is an important part of financial planning, but how you go about that differs depending on your strategy. Is it realistic (or even necessary) to max out retirement accounts for decades? […]

The post I think it’s excessive when people max out their 401(k)s or Roth IRAs for over 20 years — am I wrong? appeared first on 24/7 Wall St..

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. When most people dream about retirement, they imagine walking away from a stressful, demanding job—not a cushy, well-paying gig with light responsibilities. But this isn’t always how it works out! 24/7 Wall St. Key […]

The post I’m 59 and make over $400k annually but my job is so boring and easy I just might quit – is that crazy? appeared first on 24/7 Wall St..

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. When Mr. Wonderful speaks, the world should listen. At least, that’s what Kevin O’Leary wants us to think. In this short YouTube clip, he provides a valuable lesson for the FIRE (Financial Independence, Retire […]

The post Kevin O’Leary says early retirement is a terrible idea and shares why he’ll never stop working appeared first on 24/7 Wall St..

New retirement research suggests a drawdown strategy that can get pretty close, but it’s not close enough for me

When investing for your retirement, you probably have a few objectives in mind. You won’t be working, for example, so you’ll want your investments to generate income that you can live on, and getting a stock that pays a good, high-yielding dividend is the most logical way to do that. When investing for retirement, or […]

The post Buy This High Yielding Stock With $1000 and Hold Forever appeared first on 24/7 Wall St..

The economy and your own spending should drive what you take out of your retirement investments, new research says.

Today, let’s meet IMovedYourCheese on Reddit. Cheese is a higher earner who’s been diligently following the traditional retirement playbook by maxing her 401(k) out each year. With a steady income, she assumed she was on the right track. But recently, she’s been hearing about strategies like the backdoor Roth and mega backdoor Roth, and it […]

The post I’m a high earner who has always maxed out my 401k. I keep hearing about backdoor Roth IRA – what is it? appeared first on 24/7 Wall St..

My wife is younger than I am, and longevity runs in both our families.

The Zacks Rank offers investors a way to easily find top-rated stocks and build a winning investment portfolio. Here’s why you should take advantage.

The Zacks Rank offers investors a way to easily find top-rated stocks and build a winning investment portfolio. Here’s why you should take advantage.

Social Security is a key part of many people’s retirement plans, which has led to many strategies being developed to optimize Social Security. Some of these strategies trend on search engines like Google. In this article, we used Google Trends to look at the search volume for different Social Security strategies. This article is organized […]

The post These Are Most-Searched Social Security Strategies From This Year appeared first on 24/7 Wall St..

If you’re in your 40s, paying for a child’s college should take a back seat to protecting your own savings, financial experts say.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Navigating tax-deferred retirement accounts like 401(k)s, IRAs, and Roth IRAs is a hot topic among those pursuing FatFIRE (financial independence with a luxurious lifestyle). After all, many of these accounts cannot be drawn from […]

The post I work for a small company and I can only contribute about $4k per year towards my 401k – are there other tax-advantaged accounts I can use? appeared first on 24/7 Wall St..

We are living in an age where convenience, digital technology, and no-fuss, auto-pilot protocols often are preferred over laborious, detailed methods that might yield higher quality at a commensurately higher cost.. Appliances like pressure cookers, automatically activated security and lighting systems, and even Spotify playlists are compiled in cookie-cutter fashion. Add a small amount of […]

The post Retirees: 4 Target-Date Retirement ETFs That Make Managing Your Portfolio a Breeze appeared first on 24/7 Wall St..

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Key points Your retirement goal should be based on your expected/anticipated yearly expenses. Don’t set arbitrary financial goals based on someone else’s life, set goals for yourself Also: Take this quiz to see if you’re […]

The post Halfway to my $20 million retirement goal but feeling stuck — how can I boost my cash flow to reach it? appeared first on 24/7 Wall St..

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Planning for retirement typically means choosing the right retirement account for you. However, there are tons of different options available, and it isn’t surprising that many people look up these accounts before making a decision. […]

The post The Most-Searched Retirement Accounts in America appeared first on 24/7 Wall St..

Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Zacks Rank.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The paths towards building a large retirement nest egg are varied. The methods used to accumulate those nest eggs often dictate one’s preferences on how to manage those funds going into retirement. The preferences […]

The post I’m 36 and have amassed $6 million through “boring” investments – why do the rich old guys I know seem to do things so differently? appeared first on 24/7 Wall St..

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. In the realm of FIRE (Financial Independence, Retire Early), achieving a comfortable lifestyle with minimal financial worries involves more than just hitting a certain number in your bank account. I recently came across a […]

The post I’m 41 with no kids and no debt – how should I factor in my $500k in a 401(k) into my early retirement plans? appeared first on 24/7 Wall St..

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. A 401(k) can be a powerful retirement savings tool. However, there is no one-size-fits-all solution. You need to use your 401(k) properly to ensure it works for you and your financial plans. We’ll take a […]

The post The Biggest Questions to Ask Yourself Before You Put a Dime Into a 401(k) appeared first on 24/7 Wall St..

Entrepreneurs aren’t looking to let go of power and are delaying retirement over fears about their legacy.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Key points There is no “standard” retirement contribution goal. You should save what you can afford. Most people can’t afford to save for retirement, don’t sacrifice your family well-being today for retirement. Also: Take this […]

The post I’m being told to raise my 401(k) contribution by 1% annually — should I follow this advice? appeared first on 24/7 Wall St..

An all-equity portfolio, with a focus on international stocks, could be the key to maximizing retirement wealth, research suggests.

Many Americans believe they’ll need more than $1 million to retire well.

When retirement funds accumulate and grow, it can be tempting to use those funds for current purchases rather than for retirement expenses. In most instances, such expenditures would be deemed as foolish, although purchasing a home, with some qualifications, may be a wise move. Home equity not only affords an individual a choice of additional […]

The post I’m over 60 and looking to purchase a $3 million house – should I use money from my investment accounts or 401k? appeared first on 24/7 Wall St..

Investing in real estate investment trusts (REITs) is an excellent option for long-term investors looking to create meaningful passive income streams in retirement. These funds are typically invested in broadly diversified portfolios of real estate, typically focused on one specific sector (residential, office, commercial, industrial, etc.) and also typically pay out around 90% (or more) […]

The post The Only 3 REITs You Need to Own In Your Lifetime appeared first on 24/7 Wall St..

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. If your household earns $400,000 annually, you should aim to have saved approximately $1.83 million by age 45 to maintain your current lifestyle in retirement. This is assuming several factors, though: A 15% pre-tax […]

The post If your household brings in $400k per year, this is how much you should have saved by your mid-40s appeared first on 24/7 Wall St..

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Rank.

The Zacks Rank offers investors a way to easily find top-rated stocks and build a winning investment portfolio. Here’s why you should take advantage.

Savers can thank the buoyant stock market for the lift.

Applying for retirement benefits can be confusing, and it’s all too easy to end up with permanent cuts to your benefits.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Trying to decide how to finance a home is always difficult. When you have multiple investment accounts as an option, it becomes even more troublesome, especially when the house is in the neighborhood of $3M. Throw […]

The post I already have almost $2 million saved for retirement – should I still max out my employer-offered 401k? appeared first on 24/7 Wall St..