With constantly changing regulations, a market that seems to be continuously in flux, and inflation driving costs up across the board, it can be hard to know when and if you should start investing your money. So how do you know when you should start?
If the Social Security trust fund runs dry in 2033—which it is projected to do if no action is taken—a couple with average earnings would lose $17,400 in benefits that year alone, according to a new report.
Retirement is more of a balancing act than a one-and-done decision. You have to know if you’re ready before you actually do it.
As a retirement writer who is working past his normal retirement age, I’ve witnessed a lot of people transition from work to retirement. And I’ve noticed that a source of stress for many is determining which things have to happen at retirement versus which decisions can wait. While every retirement is unique, these are my observations about what issues should be prioritized and what can be delayed.
The Secure 2.0 Act, passed in December, contains more than 90 provisions affecting retirement-savings plans, such as individual retirement accounts and 401(k) workplace plans.
A regret-free retirement requires several years of planning, putting money aside, and staying the course.
The Roth IRA is a popular way for people to save for retirement. Millennials and GenZ can even begin early.
The bipartisan legislation recently signed by President Biden requires that all new retirement savings plans incorporate a savings autopilot
starting in 2025. This means that workers are automatically enrolled in their retirement plans unless they opt out, and their savings rates are
gradually escalated over time.
Inflation has been hitting everyone hard and going into 2023, there are several things you can be doing in order to protect the state of your
finances.
If you’re a decade or so away from retirement, you’ve probably spent at least some time thinking about this major life change.