Retirement planning is the process of determining how much you will need to save and invest in order to have enough money to live on during retirement. It involves setting goals, analyzing your current financial situation, and making a plan to help you reach your retirement goals.
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Life insurance is a frequently overlooked component of retirement planning for various reasons: Some people may already have life insurance in place and think the policy they set up years ago still me...
It is time for Gen-X to get serious about retirement planning. The choices you make today will determine how happy, healthy and wealthy a retirement you have....
October 6, 2023 – There’s been a lot of chatter about the Bill Perkins book “Die With Zero” and its approach to life and retirement planning. Most recently, just yesterday on t...
The most effective retirement planning involves keeping up with current legislation and using it mindfully to make the most of your savings and do the things you’ll enjoy most in retirement. For...
By Dr. Jim Dahle, WCI Founder When it comes to planning for retirement, there are three concepts that physician investors often misunderstand. Unfortunately, two of these three constitute “bad n...
Poor succession planning was at the heart of the HBO show Succession, but this financial advisory business owner is here to help you prevent that from happening at your business....
I know that we need to talk with a planner, but was hoping for some practical advice here. I am a Massachusetts teacher, and am planning to retire June 2027 to fully vest at 80% (I've paid into it a l...
Sept. 5, 2023 — By now many Topretirements.com Members and visitors are well into their retirement planning, if not already retired. The next generation is coming along now, Gen Xers, folks born...
July 20, 2023 — Just about everyone knows that not having a will is a really bad idea. But still, about 60% of Americans either don’t have one or have no estate planning. But almost as bad...
We all have blind spots. For those who are planning on retiring in the next few years, retirement blind spots can be dangerous. Wouldn’t it be helpful… …If we could […] The pos...
Retirement planning is an essential part of personal finance that requires careful thought and consideration. One of the most popular retirement savings vehicles in the U.S. is the 401(k) plan, which ...
Contrary to what you might expect, using precatory language such as ‘I wish’ or ‘I hope’ can play an important part in three estate planning objectives....
A Health Care Proxy is a critical legal and estate planning document that everyone should prepare and sign. But you also need to take additional practical steps to facilitate its use....
Hey everyone. I have an announcement to make. Heh heh. The announcement always means trouble, especially at the dining table. But this isn’t a huge deal. I’m planning to work a bit more to...
Hello, wise and helpful people :) I'm (Single, no dependents, M58) planning to retire at 60 in the fall of 2024. My pension will cover 86% of my living expenses, and the remaining 14% will come from i...
Curious to know how the people on this sub are planning to handle this, or how they're thinking about it. https://www.washingtonpost.com/business/2023/03/18/senior-care-costs-too-high/ submitted by /u...
Registered Retirement Savings Plans (RRSPs) are one of the most significant retirement planning tools for Canadians. There are a number of ways to put your RRSP money to work during retirement, but th...
Rising interest rates, pressure on Social Security, unpredictable markets and longevity risks are making annuities ever more attractive as a part of retirement planning....
Whether you need time to rebuild your nest egg, or you want to ease into full retirement, some financial planning can make the transition a smooth one....
[Editor's Note: It’s finally here! After months and months of planning, the Physician Wellness and Financial Literacy Hybrid Conference (WCICON23) starts today. But don’t worry: there&rsqu...
Planning to retire within 5 years. I live in an LA-area house that’s fully paid off. Looking to downsize then by buying a cheaper and smaller house, perhaps in southern OC or SD, and one in PHX....
I'm amazed not to have read the following anywhere while planning retirement, so I thought I'd alert others to how delayed credits work. As you all know, your benefit is increased by 1/12 of 8% (2/3%)...
I'm currently 31. Planning to retire at 55. I work for my county government. As such. We are part of the state pension plan. If my income trends stay about how they've went. I'm looking at making appr...
As someone who is planning to buy a new car by 2025, I’m having second thoughts. With the average new car price at almost $50,000, it seems like only the rich can buy new cars today! Think about...
I just finished reading this book and I would say that if you’re a student planning to go to college or a parent planning to fund your child’s college education, it would be worth reading ...
I've recently started looking at a bit of estate planning as I am aging. I am still a number of years from retirement, but my health isn't perfect and given my family history, I probably won't be arou...
[Editor's Note: If you’re a medical or dental student who needs a jumpstart on your financial education, mark your calendar for the Planning for Success webinar on February 15. WCI Founder Dr. J...
Click here to download the transcript of Todd's best tips for epochal change! Free Instant Access Two years ago, I announced to my Expectancy Wealth Planning course community that we were about to ent...
I'm a federal employee retiring soon. I'm curious what others have done with their TSP funds. I'm planning on shifting my funds to an investment firm...but are there compelling reasons to stay with TS...
Planning retirement in a few years and of course, the question comes up as to how much do you need on an annual basis to retire. I’ve been asked my expenses and I’ve been asked what percen...
Not to get too niche, and with full respect to all here, but I see so many posts about planning for retirement and watching grandchildren, or spousal benefits, or others that assume a heteronormative,...
Retirees of reddit I'm trying to help my mother find some info. My mother is planning on retiring this year at 68 from her job. So if she starts collecting her social security now it's a certain amoun...
Designing a strategy to efficiently use your retirement savings is a critical step on your retirement planning journey to maximize your income and ensure a long-lasting retirement....
I'm planning to retire this year at 55. And would appreciate any feedback/suggestions on how I'm planning for it. Interest only Mortgage of 100k at 2% fixed for 5 years remaining. 700k pension - will ...
I am 2 weeks away from being 50. Am planning to retire at 62. I just sold a condo I had for 20 years. I hated condo life because the maintenance kept going up and the assessments meant I couldn’...
Beginning in 2024, you can convert your child’s 529 plan to a Roth IRA. This backdoor Child IRA now becomes a valuable planning tool. Here’s a step-by-step process you can start today....
Retirement planning requires making our best effort to project far into the future. That is hard, if not impossible. The reality is that we are constantly changing as is the world around us. We need t...
I’m planning on retiring this year at 65. Besides inflation, what else should I be concerned with about retiring during a recession? submitted by /u/Tb182kaci[visit reddit] [comments]...
I have access to Fidelity and other brokerage web based planning tools which are nice but simplistic in the output they give and the what-ifs you can do. I assume it is intended to be user friendly an...
Planning for retirement can be exciting and a bit overwhelming. Discover the seven factors you need to consider for determining when to retire....
Retirement planning can be exciting, but for many, the actual savings part can feel overwhelming. Learn about the different types of retirement plans here....
October 26, 2022 – The topic of spousal compatibility around retirement planning is an intriguing topic. We are not talking about how you and your spouse or partner get along day to day, but mor...
Here’s why a smaller, independent adviser could be a better fit for your retirement-planning needs than the big-name institutions....
Hint: It’s a little different than the usual retirement planning. When you want to retire early, there are a few extra considerations you need to think through....
The most important step for retirement is to simply start saving for it. Get five actionable strategies to kick off your retirement planning....
An expert in the field of retirement planning shares his perspective on how to find fulfillment in retirement. His advice is worth heeding....
In today’s episode of eggstack, we examine retirement rules of thumb. Who knew retirement planning was so easy you could do it with a rule of thumb? Continue reading...
The one question most readers have been sending me has to do with The Number. I write those words with capital letters in homage to the financial planning book by Lee Eisenberg of the same name and ...