Retirement

Senior woman paying billsgettyMike Tyson famously said “everyone has a plan until they get punched in the mouth.” Unfortunately, this can be as true when it comes to retirement planning as it is in boxing. Here are some ways LIFE can get in…

There are safe high yield dividend stocks if you know where to lookgettyInflation plus rising interest rates on your variable debt may be putting the squeeze on your budget. There are two ways out of that problem: Lower your spending or…

SECURE 2.0 introduced an interesting possibility - The Baby RothgettySECURE 2.0 was part of the Consolidated Appropriations Act, 2023. It introduces a significant number of changes to contributions, simplicity of participation, and the date…

Don't wait until December to start planning for your RMDs.gettyMany people often wait until December to withdraw their required minimum distribution (RMD) from their IRAs and 401(k) accounts. While that may have worked for them in prior…

gettyA classic mistake made when considering annuities is to focus too much on current interest rates and the direction they seem likely to move. Annuities are income vehicles, so it’s natural to consider interest rates and the outlook for…

Racial Wealth Inequality Has Persisted for DecadesgettyWealth inequality by race remains staggeringly high, but it has gradually declined throughout the pandemic. This is different from the experience of the Great Recession, when after 2007…

(AP Photo/Mark J. Terrill)Copyright 2022 The Associated Press. All rights reserved.Key takeaways Digital assets exchange Crypto.com has laid off 20% of its global workforce. The announcement is the latest in a long line of crypto companies…

gettyBefore mutual funds became the de facto standard investment option in 401(k) plans, before 401(k) plans became the de facto standard retirement savings option, most people invested in individual securities. Sure, mutual funds existed…

gettyYou’ve learned why it’s important to avoid investment products once you enter your retirement. If you’re lucky, you can, and maybe you should, begin transitioning your investments to individual securities well before you earn that gold…

Targeted Saving for RetirementgettyTargeted saving is a saving plan directed toward a future benefit that is otherwise beyond the means of the saver. An example is the consumer who places $X every month in an earmarked account that is…