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Are you worried about running out of money during retirement?

Unless you’re independently wealthy, it's very likely that you’re worried about having enough money to last through your retirement. The most obvious …

Retirement

12 Money Moves to Make the Moment You Decide to Retire

You deserve a big pat on the back, a rousing rendition of <i>He's a Jolly Good Fellow</i>, and a fat slice of cake when you decide to retire. You should …

The big problem new retirees run into

This article is reprinted by permission from NextAvenue.org.<p>As a retirement planning coach, I often find new retirees making a common error: they …

Ask the Retirement Expert: If I Don't Need the Money From An RMD, What Should I Do?

<i>By Amy Jamrog, Northwestern Mutual wealth management advisor</i><p>Do you have questions about retirement? Our retirement experts are here to answer them. Today’s question:<p><b>If I don’t need the money from an RMD, what should I do?</b><p>The IRS mandates you withdraw money from most retirement accounts—like IRAs or …

This 33-Year-Old Social Security Rule Is Wreaking Havoc on Seniors' Retirement Income

Image source: Flickr user Paloa Caruso.<p>After working for four-plus decades in many instances, and paying into the Social Security program, today's seniors have come to rely heavily on their monthly benefit check.<p><b>Social Security: not so secure after all?</b> A Gallup poll released in October found that …

10 things retirees won’t tell you

<b>1. We’re broke</b><p>Each day, roughly 10,000 baby boomers turn 62—the average age at which people actually retire, according to a recent Gallup poll. By …

7 Ways To Spend Your Retirement Money

A few weeks ago, a financial planning company contacted me about writing an article for their website. They were seeking some interesting insights for their readers about planning for retirement and saving money.<p>But I am incapable of writing an interesting piece about saving money.<p>I may have worked …

Here's How the Average American's Spending Changes in Retirement

You'll be spending more time with loved ones, and less money..<p>Lots of people fret about whether they'll have enough money to live comfortably in retirement. While some real shortfalls do exist, we normally completely ignore our ability to adapt to our financial situations and find happiness at any …

John Bogle: The “Train Wreck” Awaiting American Retirement

John Bogle is the founder of The Vanguard Group and a longtime champion of investing in index funds. America’s retirement system “is almost rigged …

Investing

Retirement income hit with highest effective tax rates

Most advisers think of income taxes in terms of the federal tax brackets: 10%, 15%, 25%, 28%, 33%, 35% and 39.6%.<p>But in the retirement space, taxes …

Avoid Being Pushed Into Higher Tax Brackets In Retirement

My new book, <i>The Overtaxed Investor – Slash Your Tax Bill & Be A Tax Alpha Dog</i>, underscores the key tax challenge facing retirees: being helplessly catapulted into rising tax brackets. Our tax code is progressive. It’s not just that we pay more just because we earn more – that would be true even if …

A guide to drawing down your savings in retirement

The approach of retirement should be an exciting time for 50- and 60-somethings. But when the issue is your finances — and whether you've saved enough to last the rest of your life — excitement can quickly be overridden by anxiety.<p>One of the first decisions retirees must make is how much of their …

Retirement

Less means more for Baby Boomers who downsize in retirement

When it comes to retirement planning, there are a lot of opinions on how much you need to save; eight times your salary and the 4% rule are just a couple rules of thumb out there.<p>Equally important to a comfortable retirement is not just the money you have, but also the expenses you’re tallying up, …

Soaring Rents Could Ruin Your Retirement Plan

As if Americans nearing retirement didn’t have enough to worry about, you can now add this: soaring rents and rental shortages. That combination could disrupt their retirement plans in a big way.<p>As someone thinking seriously about one day selling my home and then renting in retirement, I’m getting …

3 ETFs to Keep You Invested After Retirement

For investors who want the diversification benefits of mutual funds without the sometimes exorbitant fees, exchange-traded funds (ETFs) have quickly become the option of choice. For retirees who want to beef up their income and growth potential, three ETFs that warrant consideration are <b>Vanguard</b> …

4 Simple Steps to Making Your Money Last Through Retirement

Forget about that arbitrary number you've got in your head. Attaining financial security for retirement is all about doing the math, says finance expert Jane Bryant Quinn.<p><i>In the book</i> How to Make Your Money Last: The Indispensable Retirement Guide <i>(Simon and Schuster, 2016), bestselling author and</i> …

8 Ways To Get By On Less Money As You Near Retirement

You are facing retirement age and there is an important issue which you've been ignoring that can no longer remain ignored. You do not have enough money to retire. No matter how you run the numbers it looks like a financial disaster of Titanic proportions is certain.<p>If this frightens you, it …

3 Things You Never Knew About Medicare

Image source: Medicare.gov.<p>If you're getting close to age 65, or have even reached or surpassed it, you may be assuming that you know all you need to know about Medicare. If you mainly just know that it will provide health insurance for you in your golden years, you need to learn a little more. For …

How many funds do you need for a diversified portfolio?

<i>My retirement portfolio currently consists of two mutual funds. Is that enough? Or do I need more funds to be properly diversified --E.F.</i><p>When it comes to building a diversified portfolio for retirement -- or any other goal -- the issue isn't so much the number of funds. It's the type of funds you …

Retiring Soon? Here Are The 5 Things You Should Do First.

Confused about retiring? Don't panic. We asked 15 Certified Financial Planners about what to do before anything else.<p>The first day of the rest of your life<p>Thanks to an entire Internet worth of articles and financial advice, we know what to do in the years leading up to retirement. <i>But what about</i> …

Retirement

Your Most Important "Retirement Number" Is How Much You'll Spend

Every financial advisor on the planet has some suggestion for what the most important “retirement number” is. Some are even valid guidelines! But the …

The 10 Best States for Retirement

The Sun Belt has long held a natural allure for retiring Americans. Yet, in many cases, you can make a strong argument that the best states to retire are actually located farther north.<p>Bankrate ranked all 50 states according to a variety of factors that are important to seniors. Surprisingly, most …

How couples can make smart retirement decisions together

This article is reprinted by permission from NextAvenue.org.<p>If you’re married or have a partner: Want to boost your chances of having a secure …