Retirement News & Analysis

24/7 Wall St. Key Takeaways: When you plan to retire early, having a bridge account is important. This account acts as the “bridge” between early retirement and the accessibility of tax-advantaged accounts. Striking a balance between these two accounts is important. You don’t want to choose just one or the other. Also: Take this quiz to […]

The post I’ve been maxing out my retirement accounts – but is it actually hurting my early retirement goals? appeared first on 24/7 Wall St..

Economic conditions for Americans over the last four years have been challenging, to say the least. Inflation, struggling small business and employment rates, higher taxes, and a litany of other problems have become major issues for the bulk of Americans. Northwestern Mutual conducts an annual survey, The Planning and Progress Study, that explores the attitudes, […]

The post Americans Who Do This Have Saved Twice as Much for Retirement Than Those You Don’t appeared first on 24/7 Wall St..

Homeowners who are selling are closer to retirement than those in decades past, National Association of Realtors data show

24/7 Wall St. Key Takeaways: It’s okay to spend on big experiences if you’ve laid the groundwork for financial security. Retirement isn’t just about keeping money in the bank; it’s about using that money to live the lifestyle you want. Also: Take this quiz to see if you’re on track to retire (Sponsored) I like to watch […]

The post We’re 62 and have $1 million saved for retirement – should we pay $20,000 to take our family to Disney world? appeared first on 24/7 Wall St..

Chelsey Nelson moved from the US to Australia to be with her boyfriend. They get taxed 39% of their income and they could still afford to buy a house.

Voya (VOYA) delivered earnings and revenue surprises of 3.41% and 9.11%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

The union supports a pay and retirement proposal that could put factory workers back to work after seven weeks off the job.

24/7 Wall St. Key Takeaways: Budgeting properly for retirement is just as important as saving for retirement, and many early retirees miscalculate costs. Lowering spending is almost always preferable to trying to save more money for retirement. When possible, lowering costs is often easier than trying to find other money. Also: Take this quiz to see if you’re […]

The post We’re in our mid-30s and want to retire at 50 with $7 million – is our current strategy the right one? appeared first on 24/7 Wall St..

Many Americans rely on Social Security as part of their retirement income, and several updates in 2025 will affect most retirees’ monthly benefits. It’s important to stay on top of these updates so that you know what to expect next year. Three main factors impact how much Social Security you can expect to receive: claiming […]

The post Social Security 2025: Best Benefits for 62, 66 and 70 Year of Age appeared first on 24/7 Wall St..

Between the “go-go” years and healthcare costs, your expenses may stay the same — or even rise.

24/7 Wall St. Key Insights: While their fees can be expensive, a trusted financial advisor can help you overcome market volatility and provide a safety net for your spouse. An advisor can help with the transition from saving for retirement to withdrawing for retirement. Also: Take this quiz to see if you are on track to retire (Sponsored) As […]

The post I’m 65 and have an advisor managing $2 million of my portfolio – is it worth it to continue paying them? appeared first on 24/7 Wall St..

24/7 Wall St. Key Takeaways: There is a large gap between the younger generations and older generations when it comes to Social Security. Social Security should be seen as a supplement, not as your primary source of income in retirement. Also: Take this quiz to see if you’re on track to retire (Sponsored) According to the Nationwide […]

The post More Than Half of Gen-Z and Millennials Expect Social Security Benefits to Cover Their Basic Retirement Needs appeared first on 24/7 Wall St..

Research finds retirees who suffer severe memory loss face tens of thousands of dollars in lost savings, primarily through bad investments.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. We’re all hopefully going to age into retirement. And as we continue to invest our money toward our golden years, many investors may wonder – what’s the best path toward the kind of wealth-building […]

The post Retirees: The Only 3 ETFs You Need to Own for Passive Income and Growth in Your Golden Years appeared first on 24/7 Wall St..

Most Americans are woefully underprepared for retirement. Based on analysis of Federal Reserve data by the accounting firm PwC, the typical American between the ages of 55 and 64 has just $120,000 in a retirement savings account. Though the vast majority of retirees supplement their savings with Social Security income, the average monthly Social Security […]

The post Retiring in These States Will Stretch Any Retiree’s Budget appeared first on 24/7 Wall St..

We discovered all sorts of things we are paying for that we don’t really need or use. But there’s one cost we’re not ready to face.

The IRA contribution limit, on the other hand, is not changing for 2025.

Most people want to play it safe with their retirement nest egg — but they could also lose ground that way.

The Internal Revenue Service said Friday that 401(k) contribution limits will climb to $23,500 next year, meaning retirement savers will be able to tuck away a little more in 2025.

2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.

The new super catch-up rule is part of the inflation adjustments to retirement account limits announced Friday.

Lincoln National (LNC) delivered earnings and revenue surprises of 25.61% and 0.39%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

It took many frustrating years for Marcia Mantell to convince her mom to let her help.

“If you feel like you’re behind if you don’t get 12%-plus returns every year, then maybe you need to re-evaluate your plan.”

New York State Teachers Retirement System decreased its position in Gilead Sciences, Inc. (NASDAQ:GILD – Free Report) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund …

Social Security can be a blessing or a curse, depending on how much you know and how prepared you are for retirement. When should you claim your benefits? Taking out your Social Security funds even just a few years too early can cost you thousands of dollars or more, depending on your circumstances. Navigating Social […]

The post Are You Making These Common Social Security Mistakes? appeared first on 24/7 Wall St..

Here’s everything you need to know about how to buy precious metals in self-directed IRA.

Learn everything you need to know about gold IRAs in this guide, including why you might want to invest some of your nest egg in precious metals.

New retirees frequently rhapsodize about the joys of tossing their alarm clocks into the trash and filling their days with whatever activities they find gratifying

What do rich people worry about? When they manage to find a peaceful night’s rest, what keeps them awake? Is it how to spend their vast wealth in a responsible and moral way? Is it how to improve the world around them? Is it how much wealth needed to be transferred from the poor in […]

The post The #1 Burning Retirement Question Keeping Millionaires Awake at Night appeared first on 24/7 Wall St..

“Neither of us will have an inheritance and everything we have, we built together.”

24/7 Wall St. Key Takeaways: For American millionaires, it seems that the real advantage isn’t just their bank balance. It’s their much more detailed planning strategy, especially when it comes to retirement. Millionaires are more likely to account for all retirement costs, such as taxes and healthcare when planning for retirement. Also: Take this quiz to […]

The post The Biggest Difference Between American Millionaires and Everyone Else appeared first on 24/7 Wall St..

24/7 Insights When it comes to retirement income, there are multiple ways to earn. It should come as no surprise retirement accounts are the biggest income provider. Some retirees will still choose to work, just in a slower-paced environment. Also: Take this quiz to see if you’re on track to retire (Sponsored) When you think […]

The post The 10 Most Common Ways Americans Generate Retirement Income Outside Social Security appeared first on 24/7 Wall St..

Most people want to age in place, but most homes aren’t designed for that.

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 If You’re 50 Years Old, This Is How Much You Should Have Saved for Retirement appeared first on 24/7 Wall St..

“I anticipate that could have a large impact even though my retirement horizon is a bit short.”

Louisiana State Employees Retirement System acquired a new stake in CSW Industrials, Inc. (NASDAQ:CSWI – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,000 …

Louisiana State Employees Retirement System bought a new position in Inspire Medical Systems, Inc. (NYSE:INSP – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 14,400 shares of …

Louisiana State Employees Retirement System grew its position in Etsy, Inc. (NASDAQ:ETSY – Free Report) by 740.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investo…