You’ve spent your entire working career saving and investing for retirement. Now it’s time to develop a retirement withdrawals strategy. Retirement withdrawals: break into the bank, but manage spending so your money lasts as long as you do… So, what’s the best way to go about withdrawing money from your retirement accounts to ensure that…
Retirement Savings and Investments News, Information and Guidance
We have A LOT of choices for where to invest our money — both before and after retirement. Some options are clearly bad investments. Others seem like a good bet, but probably aren’t. While we would all like to find a shortcut to massive wealth, the steady approach is probably the best route to a…
A lot has been written about saving and accumulating enough for retirement. But that’s only half the battle. Once you reach retirement it is important that you manage your retirement withdrawals from various accounts as tax-efficiently as possible. Taxes will likely be one of your biggest expenses in retirement. A tax-efficient withdrawal strategy can be…
Data from the Insured Retirement Institute (IRI) suggests that Baby Boomers are completely busted and busted up about their retirement prospects. Boomers have made some big retirement planning mistakes — even beyond giving away their record collections. The results of the IRI survey reveal that Boomers have an extremely dismal view of their future prospects. …
The transition to retirement is exciting and scary. Like all big events — graduations, relocations, marriage, childbirth and more — life will never be the same again. To make your planning for this transformation easier, here is advice from retirement and personal finance experts. Go for Risk and Reward You have a lot of choices…
When we reach the age of 70 ½ we must — in order to avoid tax penalties — take Required Minimum Distributions (RMD s) from IRAs, 401ks and other types of tax advantaged accounts — all retirement accounts funded with pre-tax contributions. So what exactly is a “Required Minimum Distribution?” Let’s break it down: Required —…
“The most important thing you can do for your retirement is have a plan — specifically a retirement income plan. A plan covers far more than what investments to pick. Investments are the last part of the plan; the icing on the cake. They should come only after you have the main meal menu in…
Saving for retirement doesn’t have to be difficult. Retirement savings can seem like a very complicated matter. But some of the most well-known and respected financial minds say it’s really not that hard. The difficult part is the saving; sorting out how much to save is simple. The younger you begin, the easier retirement saving…
Most of us are kind of horrified by personal finance. It can be mystifying and intimidating. However, there are also a lot of ways to profit from basic economic concepts. The problem is that sometimes the bad is good. And, other times the good is bad. Is Halloween a horrifying holiday or a cute community…
What is the best retirement investment? A target date fund or something else? This content was originally published on RealDealRetirement by Walter Updegrave, RealDealRetirement @RealDealRetire Ask Real Deal Retirement… I’ve been putting my retirement savings into a target-date fund but want to know whether that’s a good idea or if I should consider other investments….
