One of the downsides of the Roth IRA (Individual Retirement Account) is that there are income limits that preclude high-income earners from contributing directly to these accounts. But for people on the cusp, or for those who unexpectedly end up earning more than they planned (or who get married during the year and only discover […]
If you’re like most people, you’ve at least given some thought to whether you’ll be able to retire and how to try and get from where you are now to retirement. If you’re like most people, you’re also unlikely to retire comfortably. These Risks Mean Your Retirement Could Be Less Comfortable Than You Hoped Let’s […]
The young aren’t thinking about retirement, and who can blame them? It seems a long way off. Anything could happen between now and then. In the meantime there is (often expensive) fun to be had, and student debt to pay off. After that there are (maybe) homes to buy, weddings to pay for and families […]
Ask an Advisor: I lost $137,000 in the bond market. Should I liquidate or hold the course? Investments are in an IRA so I cannot write off the losses. – Anonymous The first question to ask yourself is – “Why did I decide that bonds belong in my portfolio?” Has that reason changed? If an […]
As the sun sets on one chapter of life, a new one begins, beckoning seniors to embark on a journey of relaxation, fulfillment, and cherished memories. The quest for the perfect retirement destination is paramount for older adults seeking an age-friendly state that encapsulates their needs and desires. However, searching for an ideal retirement destination […]
Do you know how much you should have saved to retire? What if you want to retire by 60 or 65 – maybe even sooner, like 50? The answer depends on many variables in your life and potential income sources. There’s not really a “magic number” like, “If you have __, you can retire at […]
It’s no secret that despite the large following garnered by the FIRE movement, an acronym for Financial Independence – Retire Early, the retirement reality in the U.S. is dismal. American workers’ retirement savings lag far behind where they should be to provide a comfortable retirement. Many who face this situation say they plan to continue […]
Learning How To Retire (Or Not) I have heard the terms semi-retired, working in retirement, scaling back and “just doing a little consulting here and there”. Why would anyone want to work in retirement in the first place? Why would I retire if I still want to work? Am I retired if I am still […]
(And If Not, How Can I Retire Now Anyway?) You just got out of yet another meeting with your jerk boss… Or, it’s Monday morning, and you can’t face another week at your soul-sucking job… Or, you’ve been scrolling through your Facebook feed or Instagram and can’t stop fantasizing about traveling to all those exotic […]