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The IRS has clarified some questions surrounding new catch-up contribution rules for retirement savings plans....
How have others approached life insurance once they get closer to their retirement savings goal? I just crossed the $1 million mark in a 401k and expect to reach my goal in less than five years. Which...
Saving enough for retirement can sound as daunting as walking on the moon. But what would your future look like if you took one small step toward it this year?...
What if one of the best ways to get wealthy is to trick yourself into thinking you’re poor? It sounds counterintuitive, even ridiculous. But after decades of saving, investing, and observing how...
I'm planning to retire in 2 years with about $3 million in savings. The vast majority of this total is currently in tax deferred IRAs. Using the 4% rule, I expect to be withdrawing $120k annually, adj...
Planning for your child’s college education can feel overwhelming, especially when faced with skyrocketing tuition costs and countless savings options. This week on the show, we’re discuss...
Your 401(k) shouldn’t be a “set it and forget it” investment. While automation makes saving for retirement easier, it doesn’t mean your account should be left untouched for yea...
Learn how mandatory 403(b) contributions can significantly increase your retirement savings potential while maximizing tax-deferred space in 2025. The post Why Mandatory Retirement Plans Can Help You ...
President Trump has signed an executive order that could pave the way for the use of private equity (PE) and alternative assets in retirement savings accounts....
Being too conservative in retirement can erode savings. Learn how inflation and limited growth impact portfolios and how to balance risk and stability....
Building a million-dollar retirement account requires strategic saving, consistent contributions and a mindset focused on long-term progress....
The new tax legislation offers unique opportunities to make smart financial moves and save on taxes, especially for people nearing or in retirement with significant savings....
A wealth adviser shares a childhood saving technique that taught him lessons of stewardship, generosity and responsibility and helped him answer the question we all need to answer to define our lives ...
Your retirement savings may need to last 30 years or more, so don't pick a withdrawal strategy without considering all the options. Here are four to explore....
Buying a second home in retirement, especially with sufficient savings, can enhance your lifestyle or serve as a smart investment. But it requires careful planning....
Saving money doesn’t have to be complicated. These proven strategies can help reduce expenses, avoid costly habits, and strengthen long-term financial stability. Based on recent consumer and fin...
These Golden Rules of Retirement Planning, developed by a financial pro with many years of experience, can help you build a plan that delivers increased income and liquid savings while also reducing r...
Want to retire in your 50s and withdraw from savings? You need to understand the Roth 5 year rules to avoid penalties. The post Understanding the Two Roth 5-Year Rules: A Key to Smarter Early Retireme...
How do you retire ‘tax-free’? This state doesn’t tax retirement income, has a low median property tax bill, and even offers savings on gas. Are you ready for a move?...
Gen X is retiring soon. Are they ready? The outlook isn’t great. Gen X is the first generation to rely primarily on their own individual savings through 401(k)-like plans for retirement. They we...
A deep dive into “No Tax on Overtime” in the new 2025 Trump tax law, with a calculator to estimate tax savings. It's not what you think. Learn the Nuts and Bolts I put everything I use to ...
A deep dive into "no tax on tips" in the new 2025 Trump tax law, with a calculator to estimate tax savings. What qualifies and what doesn't? Learn the Nuts and Bolts I put everything I use to manage m...
Saving up a bunch of money gives you power - power you can use to make your life better and your journey to financial independence quicker. The only way to take advantage of the power though is to use...
Six months into President Trump’s second term, and 401(k) savers are getting ready to have more ways to diversify their retirement savings accounts....
Having a bunch of retirement accounts can cause unnecessary complications. Consolidation can make it easier to manage your savings and potentially improve investment outcomes....
Stressing over shrinking savings, rising healthcare costs, or losing your purpose can give you chills, but smart money moves can lead to financial freedom and a happy retirement....
In his June 25, 2025 Kitces.com post, Adam Van Deusen encouraged financial advisors to help their clients understand when they may have enough retirement savings to “Coast-Fire” and keep w...
As parents, it’s our job to teach kids how money works because most schools won’t. It’s not just about saving, it’s about earning, spending, and thinking clearly in a world tha...
This strategy challenges conventional retirement rules of thumb by combining traditional savings, home equity and annuities to provide higher income and liquid savings and help cover long-term care co...
Outliving your retirement savings is a real fear, especially if you live in these five states....
College grads can help set themselves up for financial independence by focusing on emergency savings, opting into a 401(k) at work (if it's offered) and disciplined, long-term investing....
Most people enter retirement without any idea how to manage withdrawing their savings without running out of money. Here is what you need to know....
What is the best type of account for you to allocate your retirement savings? One of the biggest factors in helping you make this decision will be taxes. In this episode, we discuss: Current tax deduc...
With the 2024 presidential election now behind us, what does that mean for the future of tax policies, tax rates, and their impact on your lifelong savings? In this episode, we discuss: A brief histor...
New research highlights savings challenges of workers without employer-sponsored…...
Saving more and spending less — all while finding joy. Americans are walking a balance, but doing it confidently....
For years, $1 million has been a benchmark for retirement savings, but can it last through the golden years? That depends on several factors, including state of residence....
Cash balance plans offer business owners and high-income professionals a powerful way to significantly boost retirement savings and reduce taxes....
Recently turned 60 and choose to still work even though I do not need to. My spouse and I came from homes where saving and planing for the future were a priority. We both started saving and investing ...
I am retiring on 7/31 and have already transferred the bulk of my 401K to a qualified IRA at Schwab. However, I still have about 1/3 of my qualified savings in my employer's 401K program and it's 100%...
A side gig in retirement can help combat boredom, loneliness and the threat of inflation eroding your savings. And the earlier you start planning, the better....
Even after accounting for income, Black Americans still trail in retirement savings, according to a recent EBRI study. Advisors point to a mix of historic and systemic barriers that make the gap hard ...
Answering reader questions about HSAs and who might want to use them, the Thrift Savings Plan, and what to do with your retirement accounts when transitioning into active duty in the military. The pos...
You've heard of mutual funds and ETFs, but direct indexing may be a new concept ... one that could offer greater flexibility and possible tax savings....
As college costs rise, parents are resorting to increasingly costly means to pay for their children's educations. Financial advisors say the loss in retirement savings is rarely recovered....
If you're worried that long-term care costs will drain your retirement savings, consider a personalized retirement plan that could solve your problem....
When is enough, enough? Many investors have recently found solace in growing their cash reserves, whether in their checking accounts, savings accounts, or certificates of deposit (CDs). With attractiv...
Borrowing from a 401(k) to start a business may seem like a fast way to fund your dream, especially if you’re short on startup capital. But before you dip into your retirement savings, we believ...
Money Versus Time: Change Is Hard The FI crowd has a hard time giving up old habits. Optimizing for hardcore saving and investing will get you to the Promised Land of FI. But it will hold you back onc...
Despite health savings accounts being highly tax-advantaged, most savers do not fully utilize their unique benefits, new data from the Employee Benefit Research Institute shows....