Submitted by Eric Hutchinson on Thu, 11/21/2013 - 3:00pm
The rules about when you must take out money from your individual retirement account and other such vehicles are vexing. Mess this up, and you owe a penalty. Here’s what anyone nearing age 70 must know.
Submitted by Roger Wohlner on Fri, 07/05/2013 - 9:00am
Estimating the retirement income that you need is not easy. Very often, our assumptions about how much we must save or can safely withdraw are off. Even millionaires can have trouble retiring comfortably.
Submitted by Jonathan DeYoe on Wed, 06/19/2013 - 12:00pm
Getting ready for retirement involves more than just calculating how much you will need and the rate you can draw down your savings. The year before you retire is a crucial time to prepare both financially and psychologically.
Often, I feel that many retirees underestimate their expenses, get bored without a daily grind and panic over market corrections.
Here are a few exercises that you can take during that last year of working life to get ready for the reality of retirement.
Submitted by Bert Whitehead ... on Wed, 02/20/2013 - 12:00pm
How much can you withdraw annually from your investment portfolio to be sure you don't outlive your money? Here are three tips to get you through retirement financially.
Don’t get bogged down worrying about exogenous issues like inflation rates, historical investment rates of return and life expectancy projections. Instead, focus more on the things that you can control like living within your means, how much you pay in taxes and taking appropriate risk for your situation.
Submitted by Jonathan DeYoe on Fri, 02/15/2013 - 12:00pm
The most important retirement planning task for your last working year is calculating where your income comes from when you retire. This probably seems completely obvious, but it usually isn’t. Your portfolio needs to yield more every year to keep up with inflation.
Submitted by Matthew Illian on Fri, 01/11/2013 - 3:00pm
Longevity is a blessing and many of us are living longer. Unfortunately, this makes retirement planning much more complicated. In retirement, you may be wiser to take out less money from your savings than you planned.
Submitted by Michael Kitces on Thu, 12/27/2012 - 12:00pm
Although financial professionals often rely on long-term historical averages when making capital market assumptions, not all starting points are the same. Getting into the market when valuations are high is dangerous. Investors need to take current stock market valuations into account as they make financial plans and allocate assets.
Submitted by Ken Weingarten on Thu, 11/29/2012 - 12:00pm
Now, more than ever, the wisest move for dealing with Social Security is to delay filing for as long as possible.
Right now, people born between 1943 and 1954 receive full retirement benefits at age 66. If they filed early at 62, the earliest most can claim a benefit, their Social Security payment gets reduced 30% of what they would earn by waiting until 66. If they wait until after 66, they get more than the full benefit.