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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Today you’ll meet Mark–half of our newest case study for Retirement Plan Live. Mark and Mary are a year and a half into their new marriage and are trying to figure out how to plan the rest...
Examining life insurance retirement plans and breaking down Nelson Nash’s book “Becoming Your Own Banker” to see how they compare to traditional retirement plans....
Do you think you could pass a basic quiz about planning for retirement? You might be surprised to learn that in a recent study… Only 31% of Americans … got…...
Consulting with a professional, especially when it comes to insurance and taxes, could save you a ton of time and hassle and money....
I am coming up on a year of retirement at 62. We did all the planning ahead of time to make sure we had enough SS income and retirement savings. All good. Dental - If I could go back to my last year b...
I'm coming up on 3 months retired, and so far, so good! I'd like to look back, though, on the last 10 years. 10 years ago, in the fall of 2014, I had a plan. My wife and I were both 56 years old. Our ...
Hearts & Wallets latest research features a focus group’s reactions on lifetime income…...
An interview with Carl Richards—one of the most influential voices in the financial planning world— where we discuss what the behavior gap is, why it is so persistent, and what we as inves...
Financial, medical and safety preparations can ease the burden for caregivers while ensuring your loved one receives their preferred care....
I qualify for Medicare this October. As a military retiree, I am already covered by Tricare. Both of my knees need replacement. I understand that Advantage Plans cost less, and often include dental an...
I am 61 years old. Reasonably healthy and still working. Wife is 65 and on disabilty but better after 2 new knees. I don't have any retirement plan other than SS. We just paid off our house, vehicles ...
Rather than despairing over a lack of retirement savings, try to focus on what you can do to help ensure a more confident retirement for you and your spouse....
Inflation is real, and it'll have a serious impact on your life. You have to be sure you're planning for inflation when building a nest egg. The post Why You Must Adjust for Inflation in Long-Term Pla...
I have a 401K with a former employer and anhave a 401K with a former employer and another one with my current employer, also an IRA. The current 401K is better, I think, than the former one. Theother ...
They might not be allowed to do it at their company, but they also might not be willing to commit the time or are more focused on compensation. Here's how to make sure you're covered....
Liquidity and tax-free benefits can bring peace of mind to policyholders, and the healthier and younger you are when you get it, the better....
My wife and I are 68 and planning on traveling around a few states (Ohio, Michigan, Wisconsin and Indiana) in September. If I sign up using SIlverSneakers with Anytime Fitness and Planet Fitness in my...
Watch a free clip from the “Estate Planning in Your Retirement” online course to learn: The 4 essential questions that can help you determine if you need a trust or […] The post Do ...
Regional Medicare Advantage plans score higher than national alternatives on customer satisfaction, according to a new study....
Someday, you'll want to step away from your business so you can enjoy a happy retirement. To prepare for that day, these tips are essential....
The match amount is calculated as if the employee contributed their loan amount to the plan even if they did not make any elective contributions....
Today, Dr. Jim Dahle talks with Michael Kitces, creator of the popular blog Nerds Eye View. He is a CFP (along with many other designations) who has a passion for educating. His platform is huge, and ...
Thanks to Justin Fitzpatrick at Nerd’s Eye View for his recent article reminding us that planning assumptions about the future (in his article, mortality/longevity assumptions) are just assumpti...
The new Part D cap on out-of-pocket costs, could cause trouble for people on Employer Health Plans that will no longer be credible....
Home robots have been a futuristic fantasy, but advances in robotics and AI are converging with global aging. Tomorrow’s retirement plan might include a humanoid robot....
Thinking about retiring on a luxury cruise ship? With programs like the new “Endless Horizons,” you can retire at sea and travel the world for the rest of your life....
It depends on how you plan to live in retirement and the associated cost of doing so....
Derek Tharp explains how risk-based guardrails can provide a better retirement spending plan than the 4 percent rule would allow....
Dying with too much money is a bad plan. Learn how to spend and gift more to benefit yourself, your family, and your favorite charities....
In this episode of Big Picture Retirement, Devin is joined by Alexander Davis, a financial advisor at Carroll Advisory Group, to address some of the most pressing questions from our listeners. Togethe...
Watch a free clip from the “Estate Planning in Your Retirement” online course to learn: The 4 essential questions that can help you determine if you need a trust or […] The post Do ...
Clients have several options to tackle this unpleasant topic, but for advisors, the best time to start the discussion is now....
There’s something sexy about a shiny gold bar, but should you go for the glitter? If you're tempted, a four-pronged investing approach could be best....
The biggest change coming to Medicare may be the $2,000 cap on Part D drug costs which has spawned a new program: the Medicare Payment Prescription Plan or MPPP....
I worked long and hard to make it to my role now where I make $130k per year. I am 59. I'm saving 45% of income and have $225k in retirement accounts. My plan on paper is to quit working at age 67. Hu...
Traditional planning for the cost of long-term care doesn't reflect the realities of what the costs are and how they'll be paid....
A 401(k) is a powerful retirement tool. Here's how they work and why your older self will thank you for investing in one....
It’s inevitable that stock market crashes will happen during your retirement; plan ahead to protect yourself....
Many couples trust each other and have shared goals for retirement, but more than half have yet to put an estate plan in place....
The single biggest retirement planning mistake to avoid, the problem with tax professionals, and answers to some of the most frequently asked retirement questions we get on YMYW: should you name a tru...
We’ve been so focused on the length of retirement and not running out of money that we’ve neglected the quality of the existence we’re sustaining financially....
Experts on retirement saving have plenty of ideas for making 401(k) plans work better. But most agree on the top priority: get these accounts into the hands of more people. Only about half of private-...
TL;DR; How did your desires and plans change during your go-go years? For example, did you expect to do huge amounts of travel only to burn out on it sooner than expected? Or, did your extra freedom o...
ERISA, which turns 50 this year, safeguards pensions and 401(k) plans. But it has limitations....
Retirement is more than planning an endless vacation. Longevity planning is preparing for what, how, where, and with whom to live well in older age for maybe 8,000 days....
How would retirement planning change if life expectancy rose to age 100? Exploring how differently each generation approaches retirement saving and spending....
Here are eight reasons why your kids should be involved with your estate planning meetings (and one potential downside to it). The post Why You Should Bring Your Kids into Your Estate Planning Meeting...
What are the key questions for Baby Boomers to ask when it comes to retirement planning? On this episode we explore a variety of questions and perspectives that could make a real difference. Glenn is ...
Tom Hawkins exposes the drawbacks for both plan sponsors and participants...
Planning for the unknown in retirement might sound impossible, but you can manage it by breaking it down into these five components....