Ideally, you'll enter retirement with a healthy chunk of savings, whether in a 401(k) or IRA. But you'll need a plan for accessing that money. You don't want to just randomly take withdrawals from savings, because that's a good way to deplete...
More than 60 million Americans get Social Security payments right now. Tens of millions more expect to file for benefits in the coming years. The money they'll get from the program is vital for their financial survival.
When it...
If you’re retired and are thinking about downsizing or relocating, and it involves buying a home, you might want to look into how you would finance it.
You may discover that qualifying for a mortgage is different from the...
I hate to break it to you, but worrying about your finances doesn't stop once you leave the workforce. In fact, for a lot of people, financial worry ramps up as they find themselves facing decades of living on a fixed income....
What's the best age to retire? Is it 65, when you first become eligible for Medicare? How about 70, when your Social Security benefit maxes out? Or maybe it's 59 1/2 -- the age when you can tap into your retirement savings...
Putting ‘spare’ cash into a savings account for life’s little emergencies is something many of us have been taught to do from an early age.
But what if you also have a lot of debt to repay? Should you...
If you’ve been eyeballing savings accounts, you may have noticed there’s a wide range of interest rates out there. If you're looking to grow your hard-earned money as quickly as possible, zero in on a high-yield savings account, which offers significantly higher...
It’s fairly easy to be befuddled by Medicare.
With different coverage options, confusing enrollment deadlines and disparate cost-sharing among beneficiaries, ending up with faulty assumptions isn’t hard.
However, some mistaken beliefs can be more costly than...
More and more retirees are choosing to work longer, with roughly one-third of baby boomers saying they expect to continue working until at least age 70, according to a report from the Insured Retirement Institute.
But continuing to work...
We all know the advice on retirement planning.
The younger you start, the easier it will be, and the less you’ll have to save.
Not everyone, however, is able to get that early start.
