Retirement News & Analysis

Americans struggling to stay financially afloat should consider debt relief before tapping into retirement accounts, experts say.

“I will receive $105,000 per year in retirement. I earn $135,000 a year now.”

Readers had questions about individual retirement accounts, distributions and access to brokerage accounts if they moved away from the U.S. Here are some answers.

As people plan out their budgets for 2025, there’s a chance for high earners to supercharge their retirement savings using the “mega-backdoor Roth” strategy — a rare but increasingly popular option for employer-sponsored 401(k)s.

Last year, the S&P 500 reached new highs despite geopolitical tensions and market pressures. Defensive stocks in sectors like technology, health, and food and beverage provided stable dividends and cash flows, making them attractive to long-term investors. Indeed, dividends play a significant role in stock market returns, and companies with solid payouts are often generating […]

The post Baby Boomers: 3 Top Defensive Stocks to Add in 2024 and Hold Through Retirement appeared first on 24/7 Wall St..

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 a look at these three top-ranked, best-performing and well-managed mutual funds if you’re looking to maximize your retirement portfolio returns.

If you are 50, you’ve seen firsthand throughout your life how volatile the market can be, how prices of goods can change through the decades, and how quickly the job market can fluctuate. The good news about being 50 and reviewing your retirement savings is that you can have a more accurate estimation of how […]

The post This is how much you should have saved by 50 — are you on track? appeared first on 24/7 Wall St..

24/7 Wall St. Key Takeaways: The question of “What do you do?” is often more about identity than work itself. When you retire early, that question can get a bit complicated. Luckily, that question doesn’t have to be answered by a job title. Many people do continue to do things in retirement, and those things can […]

The post I’m only 34 and just inherited $5 million from my parents – if I retire now, what do I tell people? appeared first on 24/7 Wall St..

24/7 Wall St. Key Takeaways: Early retirement is a goal for many. But, for others, it may not happen on our terms. Still, that doesn’t mean that it can’t be fulfilling and successful. By adjusting financial goals, exploring part-time opportunities, and considering new investment strategies carefully, you can adjust your retirement strategy to a late […]

The post I’m being forced to retire early and not sure if I should take it or not because I’m 40% away from my financial goal of retirement appeared first on 24/7 Wall St..

DOC raises 2024 guidance as a result of the continued strong performance of its high-quality lab, outpatient medical and CCRC portfolios.

Phyllis Cavone and her husband have made sacrifices in their retirement to raise three teen grandsons in order to provide stability and love.

You might want to consider adding these three top-ranked, best-performing and well-managed mutual funds to your retirement portfolio to maximize your returns.

You might want to consider adding these three top-ranked, best-performing and well-managed mutual funds to your retirement portfolio to maximize your returns.

Meet Janet, a 64-year-old woman who recently realized she may have made a hasty decision when she claimed Social Security at 62. She didn’t fully understand at the time that claiming early would mean receiving a permanently reduced benefit compared to waiting until her full retirement age (FRA) or even age 70. Now, two years […]

The post I claimed Social Security at age 62 and am filled with regret – can I change my mind? appeared first on 24/7 Wall St..

“Family members often make tremendous sacrifices to leave the workforce and care for their aging relatives, and as a result, they miss out on key years of saving for their own golden years.”

America’s 65-plus population is on track to reach 80 million over the next 16 years, according to the US Census Bureau.

After years of hard work and paying taxes, you may feel empowered to collect your Social Security benefits as soon as possible. You can begin earning Social Security benefits at age 62. But if you wait until your full retirement age or until age 70, you would earn a bigger payout. “If you are in […]

The post Suze Orman says “no decision is bigger than deciding when to start receiving your Social Security” – 3 tips for making the right call 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.

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.

See how millennials are investing their money and planning for retirement. The trends may surprise you.
The post Millennial Investing: Stocks, ETFs, Personal Finance, Student Loans appeared first on Investor's Business Daily.

Take a look at these three top-ranked, best-performing and well-managed mutual funds if you’re looking to maximize your retirement portfolio returns.

You might want to consider adding these three top-ranked, best-performing and well-managed mutual funds to your retirement portfolio to maximize your returns.

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. Jamie Dimon, CEO of JPMorgan Chase, uses his experience to help others succeed in their careers. Many individuals in their 60s can apply Dimon’s wisdom as they near retirement. […]

The post Jamie Dimon’s Brilliant Advice for Anyone Nearing Retirement appeared first on 24/7 Wall St..

Taking Required Minimum Distributions (RMDs) from your IRA is an integral part of planning for retirement, and the rules are seemingly always changing! With the constantly shifting life expectancy tables and potential tax penalties, staying informed is important. In this to-the-point guide, we’ll quickly go over some of the essential information you need to know […]

The post Read This Before You Take a RMD from Your IRA This Year appeared first on 24/7 Wall St..

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Saving for your retirement is investing like a tortoise. A long slow grind, with minor bumps, but you eventually get to your retirement savings goal. That’s good investing. However, it’…

“I’m in good health and still working part time.”

Many high-income earners find themselves at a crossroads when it comes to optimizing their financial strategies for the future. The complexities of tax laws, retirement accounts, and investment options can make even the most financially savvy individuals pause. A recent Reddit post highlights this dilemma, with a couple grappling with whether to utilize the Mega […]

The post I make $450k in annual income and am trying to decide if I should do mega backdoor Roth conversions appeared first on 24/7 Wall St..

24/7 Insights Baby boomers are working long past the traditional retirement date. There are several reasons why baby boomers are skipping retirement. Baby boomers are unwilling to give up their passions and income. Also:Are You On Track to Retire? Take This Quiz and Find Out (Sponsored) For one of the longest periods in American history, […]

The post Baby Boomers Are Bucking This Retirement Norm appeared first on 24/7 Wall St..

24/7 Insights In this case, the couple just inherited a $7 million estate. The husband wants to retire, while the wife wants to focus on some projects she’s been putting off. They have no children and no large expenses on the horizon. Also see: How one man went from “way behind” on retirement to ahead […]

The post My husband just inherited $7 million – what kind of retirement can we have? appeared first on 24/7 Wall St..

One of the trickier obstacles to handle when retiring with a sizable nest egg of retirement funds is dealing with taxes. While finally getting the chance to enjoy life and the fruits of scrimping, saving, and sacrifice without the obligations of a regular job is a prospect few would pass up, a strategy to minimize […]

The post We’re in our 60s with $9 million saved for retirement – we are excited but can’t stop thinking about the large tax liability coming up appeared first on 24/7 Wall St..

As you approach retirement, ensuring that your hard-earned savings and Social Security benefits are optimized is crucial for maintaining a comfortable lifestyle, as well as ensuring you also don’t run out of money in retirement (most people’s worst nightmare). Today, let’s take a look at a common scenario in America of someone who is 65, […]

The post I’m 65 and about to retire with $1.8M in savings and Social Security benefits — how do I maximize my monthly income? appeared first on 24/7 Wall St..

24/7 Insights This individual is looking to retire around 65. They are considering adding money to a deferred compensation plan. The challenge is that the plan and the company has to survive another 25 years. Also: Are You On Track to Retire? Take This Quiz and Find Out (Sponsored) There are many prevailing theories about […]

The post I’m 40 and have socked away $3 million in post-tax retirement accounts – should I put another $500k into a deferred compensation? appeared first on 24/7 Wall St..

With the plans, workers are automatically enrolled and contribute through payroll deductions. The goal is to help more Americans save for retirement.

HSAs have been infected with the investing bug. That’s healthy news for Americans saving for health care costs in retirement.
The post Investing Gains Clout With Health Savings Account Holders appeared first on Investor's Business Daily.