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Fidelity retirement specialist is telling me that I could take a portion of my 401(k) money and put it in what is called an anchor strategy. He is proposing an annuity for three years. The goal would ...
In today's fast-paced environment, it can feel like there's never enough time to accomplish all of our goals. Between career obligations, socializing with friends and family, and our own personal deve...
If past financial crises has caused you to pause and re-evaluate what you want your money to do for you, you are not alone. Tens of millions of Americans who trusted the traditional approach to saving...
The "Three Bucket Strategy" is a popular retirement income planning method. The first bucket covers immediate expenses in retirement. Listeners John and Donna are seeking advice on constructing their ...
Learn what is Coast FIRE and how it can help you achieve financial freedom to help you enjoy retired life before your 60s....
In 2009, I established my first rule of FIRE: generate enough passive income to cover your basic living expenses. Once achieved, you attain financial independence and the freedom to pursue your desire...
Hi, I plan to retire in 1-4 years but more than likely towards the higher end with my Son just starting college. His expenses are covered in a 529 but ya never know…and I like (on most days) my...
I was hoping to get some advice from folks who have done this. My wife and I currently live in Seattle. We have lived here 30 years but it getting too expensive. At 62 I still have a mortgage to pay o...
Has anyone used the NUA (Net Unrealized Appreciation) Strategy for 401k’s with highly appreciated company stock? If so, did you use the Frank Duke or standard method? I’m curious how popul...
At a certain age you'll start getting invitations to listen to pitches for various financial planners and products. They're usually held at nice restaurants and include a good dinner. Always go. You g...
After months of speculation, last week the SEC approved spot Bitcoin ETFs. In the months prior to the approval, Bitcoin reentered the public consciousness. Its price jumped by over 60% in just under t...
YOU HAVE WORKED HARD, SAVED, INVESTED — all with the goal of having enough to live the retirement life you ... Read more...
Sorry for the length. I'm looking for reactions to our approach to downsizing and staying out of managed care. We've watched a number of people our age dealing with parents who are forced to move out ...
I recently terminated my financial advisor based on the helpful feedback from this subreddit. NOW, I need to educate myself more. I am planning to retire next year, and wondering about when to start s...
Simple diversification used to be the go-to plan for a typical portfolio. A balanced plan of stocks, bonds, and cash would simply do the trick. But that type of diversification has been proven less ef...
I recently received the following reader comment: “In regards to spending in retirement, I wonder if you could educate your readers, including myself, about differences between a 60/40 asset all...
I recently retired with a pension. With my pension and my Social Security, I’m still going to be in a fairly high tax bracket. When I left my government job, I was allowed to roll my IAP 457 ove...
Retirement planning consists of 2 broad phases – accumulation and withdrawal. Early retirement is difficult to achieve because there is less time to build wealth and more years to spend. The tim...
Out-of-pocket healthcare costs in retirement continue to rise. Not just a Baby Boomer problem, Millennials could see their healthcare costs double in retirement....
With the 2022 RRSP contribution deadline right around the corner, it’s the perfect time to revisit your retirement savings strategy. Is the money in your RRSP aligned with your retirement goals?...
I'm a canadian in my mid 20's. Since the past 2 years, I used the services of a financial advisor who works for an independant private financial service group. All of my investments are currently in m...
Hello. I am 58 retiring at 60 with a public pension of $2700 and would have a base $1200 monthly SS (at full SS age 67) coming from pre-pension jobs. However, my SS is subject to the full monthly WEP ...
if your portfolio doesn’t generate enough passive income to fund your lifestyle then you may want to consider including an Early Retirement Bucket Strategy....
There are many articles claiming to have the Best Roth Conversion Tax Strategy. In the end it all comes down to individual situations and where they are...
Look to build savings, reduce risk, minimize taxes and ensure a successful retirement by reviewing your budget, contributions, allocations and beneficiaries....
The Answer: Diversify! If you’ve saved $100,000 + for retirement in an IRA, 401(k), TSP or other retirement account, get your free guides written by me. I’m the company’s on-staff, H...
I compared two free calculators for the optimal Social Security claiming strategy with hypothetical test cases. They both do a good job....
A Roth conversion can be a smart move. But it can be made even smarter if you use more than one Roth IRA to do it, then recharacterize the underperformers....
Here's my approach to goal-setting and how I incorporate SMART goals into my overall strategy. Using SMART goals has been highly effective. The post Setting SMART Financial Goals appeared first on The...
September is Life Insurance Awareness Month. What better time to take a look at the best way to find a policy that supports you and your family?
Record market highs can present an opportunity to retire earlier than planned, provided your strategy relies on spending control, risk management and more.
Without a shift in your investment strategy, all it takes is one bad year in the markets to derail your retirement plan.
Securing your future before life hands you a major transition, such as retirement or widowhood, is the best way to ensure you have clarity when it matters most.
Social Security may still be part of the retirement picture for younger workers, but it shouldn't be the cornerstone of your strategy. How to adapt.
Women should move beyond simple saving to a strategy that optimizes taxes, asset location and diversification, so every dollar works toward long-term goals.
As I get closer to retirement, I'm trying to figure out the best way to budget for major home expenses. Things like a roof, A/C unit, water heater, or appliance replacement may not happen for years, b...
Diversification is a risk management strategy that mixes a wide variety of investments within a portfolio. We'd venture to guess that everyone who is listening to this podcast is very familiar with th...
A declining market will make any retiree uncomfortable, and it could put your future in jeopardy if you haven't thought through your withdrawal strategy. Many retirees struggle to shift their mindset ...
From second marriages to special needs trusts, test your disinheritance strategy with our 10-question quiz to prevent family feuds.
If you're a retiree with a pension, treating taxes as a core part of your retirement strategy is the best way to keep your income sustainable for the long haul.
The 30-year retirement rule is outdated. Is your tax strategy ready for what comes next?
I critique the popular investment strategy known as Risk Parity, noting that it is filled with misconceptions and inefficiencies. The author argues that recent performance has been disappointing, espe...
Here's a framework for judging popular tax strategies by their effort-adjusted return to help determine if a tax strategy is right for you. The post Which Tax Strategies Are Actually Worth Your Time? ...
Retirement investing is all about discipline. Pick a strategy that’s optimized for maximum returns and lowest cost, then deploy it, and let time compound your wealth. Many DIY investors choose a passi...
The S&P 500 has been a portfolio staple for generations. But how should an index ETF actually fit into your retirement strategy? Here is what experts say.
Market downturns don't just trigger a dip in your account balance — they test your emotional resolve. Having a well-built strategy can help you stay the course.
Keen on Retirement listener "Joe" is 51 and his wife is 60. They are thinking about an early retirement before either of them turns 65. Joe wrote in asking about the best strategy for coordinating Soc...
This Roth retirement savings strategy allows high earners to sock away up to $72,000 a year — if their workplace plan permits it.
This podcast episode discusses the Rule of 55 retirement strategy, as well as listener questions about the risks of linking financial accounts to budgeting apps like YNAB, strategies for optimizing Tr...