I’m 64, Have $1.2 Million in a 401(k) Plan, and $2,800 in Social Security Benefits. What is My Retirement Budget?
For the average single person who plans to stop working at age 64, a $1.2 million 401(k) account and a …
Retirement income
Most Adults Fail This Simple 5-question Retirement Knowledge Quiz. Can You Pass?
A recent survey by the TIAA Institute and the Global Financial Literacy Excellence Center (GFLEC) at Stanford reveals significant gaps …
40 Countries That Do Not Tax Social Security Benefits
Social Security plays a major role in the financial lives of millions of Americans. For some, it’s virtually all of …
What Would Retirement Look Like at 55 and $2.5 Million?
can I retire at 55 with 2.5 million For most people, retiring at 55 with $2.5 million saved is probably …
Ask an Advisor: Am I Too Late? I’m 68, Have No Investments and Only $60,000 Cash
Ask an advisor: “Am I too late?” I am 68, have no investments and only $60,000 saved At 68, I …
I’m 62, Have $800,000, and Will Receive $2,600 a Month from Social Security. What is My Retirement Budget?
Planning for retirement can be both exciting and challenging. Figuring out how much you can realistically spend each year is …
My Tax Bill is Huge Because My Investment Accounts Do Not Retain Capital Gains. How Can I Mitigate This Situation?
Michele Cagan My investment accounts are not deducting taxes from my capital gains, causing me to owe large amounts when …
I Want to Convert $865,000 to a Roth IRA. How Do I Avoid Paying Taxes?
Converting a large amount like $865,000 to a Roth IRA is a strategic move to achieve long-term tax benefits — …