Retirement News & Analysis

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. 24/7 Wall St. Saving for retirement is easiest when you save a little at a time. If you’re behind on saving for retirement, it’s important to increase the amount of money you […]

The post If you make $400k per year, this is how much you should already have banked by age 35 appeared first on 24/7 Wall St..

Set boundaries and encourage responsibility for your kids, and consider making catch-up contributions in your 401(k)s and IRAs.

A 2011 law, known as Act 10, effectively ended the ability of most public employees to bargain for wage increases and other issues, and forced them to pay more for health insurance and retirement benefits.

How to know if you have a “lost” or forgotten retirement account — and how to get it back if you do.

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

To retire worry-free, long-term investing is key for most people. The ability to stash a significant amount of capital aside to create a meaningful passive income in retirement is important for so many. Unfortunately, for those who don’t start early enough, the task becomes a lot harder the closer one gets to retirement. Indeed, time […]

The post Here’s What You’d Need to Invest to Generate $75,000 a Year In Retirement appeared first on 24/7 Wall St..

Corporate America is cutting middle management jobs. That’s bad news for Gen Xers who are already having a tough time saving for retirement.

Adherence to a F.I.R.E. (Financial Independence Retire Early) strategy can help a substantial retirement nest egg grow to a target amount of as much as a decade or more before one reaches age 65. However, taking early retirement when one is still in their highest earning level and tax bracket can create a substantial tax […]

The post I’m in my 50s and am planning for early retirement abroad – how do I reduce my taxes on the $9 million in my retirement accounts? appeared first on 24/7 Wall St..

The narrative of a miserly, Scrooge-like figure hoarding his wealth for years instead of enjoying his retirement might seem unbelievable—but unfortunately, it isn’t relegated only to fiction. It’s a cold reality for many retirees.

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About 25% of retirees fall into the camp of people who decrease spending during retirement.

A boomer moved to Panama from California to save money. She said she’s struggling to find work and relying on side hustles to pay the bills.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Stock market volatility could be detrimental to baby boomer plans. You always want to have enough cash on hand in case of a market downturn. Diversifying your investments is also key to […]

The post The Stock Market Rollercoaster Could Wreck Baby Boomer 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. Key points: Inheritance plans can change at any time, and wills can be altered easily. Do not plan on receiving an inheritance, and don’t include it in your financial plans. Take this quiz to […]

The post My recently divorced dad told me I will inherit $5M. Do I need to keep aggressively saving for retirement? appeared first on 24/7 Wall St..

Retirement should focus on creating stable and consistent income to provide as stress-free of a retirement experience as possible. For millions of households, that’s easier said than done, with the majority of Americans living paycheck to paycheck. However, for those who are able to stash even small amounts of money away in a retirement savings […]

The post Baby Boomers: 3 Stocks to Buy to Generate $150,000 a Year In Retirement appeared first on 24/7 Wall St..

Determining whether to transfer your retirement nest egg to an after-tax account is complex. Here’s how to navigate opportunity costs, Medicare surcharges, the ‘five-year rule’ and more.

After building real-estate wealth from high housing prices, boomers are facing a shortage of suitable retirement housing.

Retirement is expensive, and millions of older Americans have to manage their finances carefully after leaving the work force. But even for retirees with limited savings, there are many coastal areas in the U.S. that stand out as affordable options for retirement-age Americans on a budget. Also: Discover the next Nvidia The United […]

The post America’s Most Affordable, Coastal Retirement Spots That Still Get Four Seasons 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. 24/7 Wall St. Key Takeaways: Today, we’ll explore a reader-submitted question about how to purchase a second home: with cash or a mortgage. When deciding which option is best for you, consider your tax […]

The post We’re in our early 60s with a few million in the bank – what is the best way to finance our second home in retirement? appeared first on 24/7 Wall St..

The traditional retirement planning approaches no longer cover all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.

Older Americans regret taking early retirement and premature Social Security claims, as well as overspending or being too cautious in retirement.

International stocks keep lagging behind U.S. companies, yet they make up nearly a quarter of target-date funds on average.

Thanks to advances in modern medicine and a much broader range of quality-of-life options, Baby Boomers are experiencing substantially longer life expectancies than previous generations. As a result, current retirement savings amounts that may be adjusted for inflation may still prove to be insufficient for the maintenance of lifestyle and healthcare in one’s golden years. […]

The post Baby Boomers: Ask These 3 Questions Before Spending Down Your Retirement 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. 24/7 Wall St. Key Takeaways: Trying to achieve big financial goals while balancing personal fulfillment and family can be challenging! One Reddit user explains how they’ve accomplished it. It’s important to constantly reassess your […]

The post We’re in our 40s and have socked away $2.3 million for retirement so far – why does it feel like we’re still five years behind on money goals? appeared first on 24/7 Wall St..

Phyllis Jo Kubey is still on a continuing education journey as retirement looms

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.

Take advantage of these top-ranked, best-performing and well-managed mutual funds to maximize your retirement portfolio returns.

FIRE Funds has introduced two new ETFs designed to align with the principles of the Financial Independence, Retire Early (FIRE) strategy.

Best Gold IRA Companies Takeaways Our top picks, listed alphabetically, include Advantage Gold, American Hartford Gold, Augusta Precious Metals, Birch Gold Group, Goldco, Noble Gold Investments and Orion Metal Exchange. Self-directed gold IRAs allow you to diversify your retirement plan. The best companies operating in this space facilitate insurance and secure storage, as required by…

Don’t ignore your feelings, don’t do anything rash, and take these three pieces of advice

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. 24/7 Wall St. Key Takeaways: Saving for retirement always requires discipline and consistency. However, the amount you need to save depends on how much you make now (assuming you have comparable expenses). You’ll probably […]

The post If you make $300k per year, don’t retire at 65 unless you have this much saved appeared first on 24/7 Wall St..

The Financial Independence Retire Early (F.I.R.E.) strategy embraced by Millennials and some Gen-Xers can be rewarding in unexpected ways. Founded on principles of thrift and aggressive growth-oriented investment, FIRE is designed so that average market growth metrics will allow for retirement nest eggs to appreciate to a 7-figure target (about 25x annual expenses) that can […]

The post I’m 34 and bought NVIDIA options in my Roth IRA and now it’s worth millions – should I take the money out so I can actually retire? appeared first on 24/7 Wall St..