Whether you’re ready for retirement income or not, IRS rules require that you start drawing down your savings from certain types of accounts when you reach a certain age. Unfortunately, navigating IRS rules can be a lot like a puzzle, especially when it comes to figuring out required minimum distributions (RMDs). Here are some tips on how to handle them.
Save for retirement or get rid of debt? The answer to this serious financial question is often difficult. But if you’re having a hard time choosing which one is more important, the good news is that you don’t necessarily have to. It is possible to do both. Here are 6 tips to help you find the right balance.
The longer you put off saving for retirement, the greater the risk will be of not having enough money to live comfortably in your golden years. But it might not be too late. You can still build yourself a comfortable nest egg if you commit to it. Here are some financial steps that can help you get there.
Now that you’re retired, you can finally do all the things you didn’t have time for when you were busy with a career. But once you’ve scheduled time for traveling, taking up a long-desired hobby or just spending more time with the grand kids, you may still find there’s a bit of a void to fill. Many seniors choose to use the extra time they have to volunteer.
Maybe you’ve reached your annual maximum contribution for your 401(k) and are looking for additional opportunities to set aside money for retirement. If this sounds like you, permanent life insurance may be a solution.
When retirement approaches and the time you have to build your nest egg shrinks, it’s important to think about ways to maximize your savings. Here are some strategies to get the most out of your retirement savings.
“Sandwich Generation” is a term used to describe a growing group of people in their late 30s, 40s, and 50s who care for their children and their aging parents. If this definition describes you, you know that coping with all these financial obligations is a real challenge.
There are lot of myths about annuities. With so many types to choose from, figuring what is factual and what isn’t about them can be a challenge. To help you understand how annuities work, here are 6 of the most common falsehoods about them.
March Madness is taking over the nation and you’ll soon be filling out your brackets for the NCAA Men’s Basketball Tournament. But did you know that how you select your teams for the tournament can actually help guide the way you handle retirement planning?
To be prepared, there are several roadblocks women must navigate in order to retire comfortably