Retirement is one of the most important life events you’ll experience, and getting it right takes planning. Making sure you have a comfortable retirement from a personal and financial perspective is a long process that takes years of following a plan and continuous saving. Once you’ve reached your financial goals, managing your retirement is a continuing process that lasts the rest of your life.
The time it takes and the complexity of building a retirement portfolio to make sure you’re financially secure and personally ready for retirement may seem daunting but the process isn’t as complicated as most people are led to believe. Use Retirement Living’s Retirement Calculator to evaluate your current retirement plan.
With some research, the proper guides and tools, a savings and investment plan that works for your personal financial situation and a commitment to save for the long-term, you’ll be well on your way to your retirement goals.
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While there's hardly a definitive answer to how much money you'll need to retire comfortably, this article attaches some hard estimates to the savings rules most commonly touted by experts.
Pre-retirement planning
An investment strategy can help make sure the money you saved before retirement grows and lasts as long as you need it during retirement. Whether it's choosing the right IRA or deciding if an annuity is right for you, a personalized investment plan will make sure your savings won't run out.
Created in 1974, IRA accounts were created to allow Americans to save for retirement. To help you plan your 2021 IRA contributions, we compiled the necessary contribution guidelines.
401(k) accounts are great retirement savings tools for people of all ages. Based on historical trends and public information, we gathered the necessary information to help you plan your 2023 contributions.
The SECURE Act, signed into law December 20, 2019, is the first overhaul of retirement savings plans in over a decade. The Setting Every Community Up for Retirement Enhancement (SECURE) Act primarily improves on requirements for retirement investments like IRAs.
Retirement planning
The more you build your retirement planning knowledge-base the smarter decisions you'll make with your investments. Below, you'll find answers to common questions about the differences between the various types of retirement savings plans, social security tax information and more.
When a $32 billion dollar company collapses in a matter of days, people are sure to have questions. Most recently, FTX, once the second-largest crypto exchange by volume, filed for bankruptcy…
The IRS requires individuals to complete Form 5329 if they receive a retirement account distribution before the age of 59½. We take a look at what Form 5329 is and tips for filing it.
If you’re looking for supplemental income in your retirement, we have seven ways to pad your wallet.
Thinking about where you're going to retire and what kind of housing you want when you're there is an exciting part of retirement planning. However, the vast amount of choices might make it a bit overwhelming. Where are the best places to retire? Which states are the most tax-friendly for retirees? How much does senior housing cost? The answer to questions like these will get your retirement housing planning off on the right foot.
Talking to your parents or other loved ones about moving to an assisted living is one of the most difficult conversations you will have.
Memory care costs depend on a number of factors including the location of the memory care facility, the number of clients accepted, and the amenities offered.
It can be difficult to find out the true cost of assisted living. We found the average cost of care and the change over time to help you.
Retirement
Aside from investing your money, there are other ways to earn supplemental income during retirement. Working part- or full-time during retirement helps you stay active and engaged in your community while earning a helpful paycheck. There are plenty of job opportunities available for retirees to help you stay financially stable during retirement.
Investors searching for a low-risk way to fortify their retirement portfolio should consider leveraging dividend stocks as part of their investment strategy. Some use the profits made from dividend stocks to fund purchases, while others hold onto them for future use during retirement.
We researched how much you should have saved for retirement based on your age. Check out rules of thumb to go by and ways you can start saving for retirement today.
Many Americans return to work after retirement due to the need for extra income for unexpected expenses, lack of savings, or because of a desire to stay busy. Here’s a look at some of the best jobs for retirement.
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