#retirement-planning

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#financial-advice

The Hidden Downsides of Annuities That Can Demolish Your Retirement

Annuities provide guaranteed income but come with hidden costs that can diminish retirement savings.

I have $5.3 million in cash sitting in an IRA and I'm nervous about throwing it all back in the current market - what are my options?

Investing for retirement requires a balance of risk management and strategy, particularly when dealing with large cash reserves.

Prediction: If You're In Your 50's, or Early 60's Your Social Security Age Will Be Raised Before Getting A Dime

Social Security eligibility age may increase by 2-3 years due to financial sustainability concerns.

I'm 54 With No Retirement Savings Outside of My $4 Million 401(k), but I'm Ready to Retire. What's My Move?

Having $4 million in retirement savings places you in a favorable position for early retirement, despite potential withdrawal penalties.

I'm looking to save $2.5 million in order to spend $100k in retirement - how should I factor in future taxes?

A $2.5 million nest egg can yield $100,000 annual retirement income using the 4% rule, but taxes must be considered carefully.

Baby Boomers: The Right Medicare Plan Makes the Most Sense Depends On a Few Things

Baby boomers are crucial for investors and increasingly seek tailored Medicare advice as many reach retirement age.

The Hidden Downsides of Annuities That Can Demolish Your Retirement

Annuities provide guaranteed income but come with hidden costs that can diminish retirement savings.

I have $5.3 million in cash sitting in an IRA and I'm nervous about throwing it all back in the current market - what are my options?

Investing for retirement requires a balance of risk management and strategy, particularly when dealing with large cash reserves.

Prediction: If You're In Your 50's, or Early 60's Your Social Security Age Will Be Raised Before Getting A Dime

Social Security eligibility age may increase by 2-3 years due to financial sustainability concerns.

I'm 54 With No Retirement Savings Outside of My $4 Million 401(k), but I'm Ready to Retire. What's My Move?

Having $4 million in retirement savings places you in a favorable position for early retirement, despite potential withdrawal penalties.

I'm looking to save $2.5 million in order to spend $100k in retirement - how should I factor in future taxes?

A $2.5 million nest egg can yield $100,000 annual retirement income using the 4% rule, but taxes must be considered carefully.

Baby Boomers: The Right Medicare Plan Makes the Most Sense Depends On a Few Things

Baby boomers are crucial for investors and increasingly seek tailored Medicare advice as many reach retirement age.
morefinancial-advice
#budgeting

Is Your Social Security COLA Falling Short? Here's What to Do

Social Security's 2.5% COLA for 2025 is insufficient to match rising inflation, necessitating budget re-evaluation for seniors.

Dave Ramsey: Do These 6 Key Things With Your Money Now

Most American households are financially unhealthy, indicating a need for better financial management.

With $1.3 million in a 401(k) and $4 million of real estate - can we afford to retire next year?

Careful financial assessment is crucial before deciding to retire, especially with substantial expenses.

I'm 42 with $2.5 million in index funds and we're not sure how much we spend per year and need help getting organized

Organized financial records and understanding annual spending are essential for early retirement planning.

Is Your Social Security COLA Falling Short? Here's What to Do

Social Security's 2.5% COLA for 2025 is insufficient to match rising inflation, necessitating budget re-evaluation for seniors.

Dave Ramsey: Do These 6 Key Things With Your Money Now

Most American households are financially unhealthy, indicating a need for better financial management.

With $1.3 million in a 401(k) and $4 million of real estate - can we afford to retire next year?

Careful financial assessment is crucial before deciding to retire, especially with substantial expenses.

I'm 42 with $2.5 million in index funds and we're not sure how much we spend per year and need help getting organized

Organized financial records and understanding annual spending are essential for early retirement planning.
morebudgeting
#social-security

Social Security 2025: 4 Things That Are Changing This January

Social Security changes in 2025 impact benefits, taxes and planning for retirement.
Understanding Social Security changes is essential for everyone, not just retirees.

Retirement Planning in 2025: 5 Brutal Truths No One's Telling You

Many people are overly optimistic about retirement, risking financial shortfalls due to unrealistic withdrawal rates and misconceptions about Social Security.

3 Social Security Moves for 2025 That Could Raise Your Future Benefits

Taking proactive steps can enhance your future Social Security benefits significantly, including checking earnings records and pursuing salary increases.

Why the 4% Rule Is Dead to Me

The 4% rule for retirement withdrawals may be outdated and not applicable to today's financial landscape, necessitating alternative strategies.

3 Potential Changes to Social Security to Watch in 2025

Social Security changes expected in 2025 include more benefits for public service workers and the potential end of taxation on benefits.

Outside of Social Security, my parents have absolutely nothing for retirement and I'll be stuck financing their retirement - is this normal?

Young adults often face the burden of helping financially unprepared parents during retirement.

Social Security 2025: 4 Things That Are Changing This January

Social Security changes in 2025 impact benefits, taxes and planning for retirement.
Understanding Social Security changes is essential for everyone, not just retirees.

Retirement Planning in 2025: 5 Brutal Truths No One's Telling You

Many people are overly optimistic about retirement, risking financial shortfalls due to unrealistic withdrawal rates and misconceptions about Social Security.

3 Social Security Moves for 2025 That Could Raise Your Future Benefits

Taking proactive steps can enhance your future Social Security benefits significantly, including checking earnings records and pursuing salary increases.

Why the 4% Rule Is Dead to Me

The 4% rule for retirement withdrawals may be outdated and not applicable to today's financial landscape, necessitating alternative strategies.

3 Potential Changes to Social Security to Watch in 2025

Social Security changes expected in 2025 include more benefits for public service workers and the potential end of taxation on benefits.

Outside of Social Security, my parents have absolutely nothing for retirement and I'll be stuck financing their retirement - is this normal?

Young adults often face the burden of helping financially unprepared parents during retirement.
moresocial-security

Asking Eric: I'm not on board with my wife's vision for my retirement years

Communication about values and dreams is crucial in retirement planning.
It's important to discuss financial perspectives to avoid resentment and disappointment.

Most Americans Don't Realize How Much Money You Can Make Right Now

High-yield savings accounts continue to provide substantial returns despite recent interest rate cuts, making them a good choice for near-term savings.
#baby-boomers

Baby Boomers Have Never Been So Wealthy, Yet Many Aren't Feeling the Booming Economy. Here's Why.

Baby boomers constitute a significant portion of U.S. wealth but often feel financially insecure due to rising costs and inadequacies in savings.

The typical baby boomer is facing at a $900k "hole" in their retirement savings

The cost of retirement is rising significantly, highlighting the disparity between savings and necessary funds.
Baby Boomers face an acute problem due to their proximity to retirement and inadequate savings.

4 High-Yield Dividend Kings Baby Boomers Count on for Safe Passive Income

Quality dividend stocks are crucial for baby boomers approaching retirement to secure passive income amidst falling interest rates.

Baby Boomers Have Never Been So Wealthy, Yet Many Aren't Feeling the Booming Economy. Here's Why.

Baby boomers constitute a significant portion of U.S. wealth but often feel financially insecure due to rising costs and inadequacies in savings.

The typical baby boomer is facing at a $900k "hole" in their retirement savings

The cost of retirement is rising significantly, highlighting the disparity between savings and necessary funds.
Baby Boomers face an acute problem due to their proximity to retirement and inadequate savings.

4 High-Yield Dividend Kings Baby Boomers Count on for Safe Passive Income

Quality dividend stocks are crucial for baby boomers approaching retirement to secure passive income amidst falling interest rates.
morebaby-boomers
#financial-independence

Roth vs Traditional 401(k)/457(b) when expecting pension income in retirement - how do I choose?

Effective retirement planning requires navigating complexities of taxes, RMDs, and financial products to ensure financial security.

It took me forever to save $5k and here I am decades later and looking to retire with $2m in my 401(k) - here's how I did it

Compounding is a powerful, proven method for building wealth over time, requiring patience despite initial slow results.

Some say 'retirement planning is more than tax planning,' but is it true?

Retirement planning should balance financial savings with quality of life considerations.
Millennials and Gen-Zers focusing solely on aggressive financial strategies may miss vital quality-of-life aspects.

I'm in my late 30s with over $7 million saved for retirement - I still feel like I need more of a cushion though

Early retirement is achievable for those with substantial savings, but lifestyle desires greatly influence retirement plans.

I'm already retired in my mid-30s but can't access my 401(k) or Roth IRA yet - what are my options?

Early retirement requires strategies to access funds in retirement accounts without penalties.
Most retirement programs are designed for traditional retirement ages, complicating early access.
The risk of penalties and taxes can affect financial plans for young retirees.

At what age do you plan to retire and why?

Retirement planning should be based on targeted exit dates, financial readiness, and personal health considerations.
Many Redditors base retirement age on pension access and Medicare eligibility.

Roth vs Traditional 401(k)/457(b) when expecting pension income in retirement - how do I choose?

Effective retirement planning requires navigating complexities of taxes, RMDs, and financial products to ensure financial security.

It took me forever to save $5k and here I am decades later and looking to retire with $2m in my 401(k) - here's how I did it

Compounding is a powerful, proven method for building wealth over time, requiring patience despite initial slow results.

Some say 'retirement planning is more than tax planning,' but is it true?

Retirement planning should balance financial savings with quality of life considerations.
Millennials and Gen-Zers focusing solely on aggressive financial strategies may miss vital quality-of-life aspects.

I'm in my late 30s with over $7 million saved for retirement - I still feel like I need more of a cushion though

Early retirement is achievable for those with substantial savings, but lifestyle desires greatly influence retirement plans.

I'm already retired in my mid-30s but can't access my 401(k) or Roth IRA yet - what are my options?

Early retirement requires strategies to access funds in retirement accounts without penalties.
Most retirement programs are designed for traditional retirement ages, complicating early access.
The risk of penalties and taxes can affect financial plans for young retirees.

At what age do you plan to retire and why?

Retirement planning should be based on targeted exit dates, financial readiness, and personal health considerations.
Many Redditors base retirement age on pension access and Medicare eligibility.
morefinancial-independence

I am planning to retire but now here come opportunities - should I stop working or keep going?

Retirement should align with personal happiness, not just financial readiness.
Health and fitness remain achievable goals regardless of age.
#investment-strategy

If your household brings in $500k per year, this is how much you should have saved by your mid-40s

High earners often face financial difficulties due to lifestyle maintenance, impacting their retirement savings significantly.

We're in our 40s with a $3.5 million home and $1.5 million mortgage at 2% - do we need a different strategy?

Couple with high net worth seeks financial optimization while considering retirement options.

A company offering a 401(k) match is invaluable - should I prioritize that over other investments?

Maximizing your employer match in a 401k plan is crucial for enhancing retirement savings.

TLT vs. Shorter-Duration Bond ETFs: Which Should You Buy in Your Portfolio?

Conservative investors should reconsider their bond investments for low-risk returns in changing market conditions.

If you're over 50 and make $500k per year, you should have this much saved for retirement - are you on track?

To maintain a $500K lifestyle in retirement, aim for $3.03 million by age 55.

I'm 48 and aim to retire in 10 years, spending $50k per month-is my net worth enough?

Modern culture equates financial success with money comparisons, overshadowing the real purpose of money.

If your household brings in $500k per year, this is how much you should have saved by your mid-40s

High earners often face financial difficulties due to lifestyle maintenance, impacting their retirement savings significantly.

We're in our 40s with a $3.5 million home and $1.5 million mortgage at 2% - do we need a different strategy?

Couple with high net worth seeks financial optimization while considering retirement options.

A company offering a 401(k) match is invaluable - should I prioritize that over other investments?

Maximizing your employer match in a 401k plan is crucial for enhancing retirement savings.

TLT vs. Shorter-Duration Bond ETFs: Which Should You Buy in Your Portfolio?

Conservative investors should reconsider their bond investments for low-risk returns in changing market conditions.

If you're over 50 and make $500k per year, you should have this much saved for retirement - are you on track?

To maintain a $500K lifestyle in retirement, aim for $3.03 million by age 55.

I'm 48 and aim to retire in 10 years, spending $50k per month-is my net worth enough?

Modern culture equates financial success with money comparisons, overshadowing the real purpose of money.
moreinvestment-strategy

My parents saved money for my siblings and I to go to college but I don't want to help them with their retirement - am I wrong?

Familial relationships can be strained due to unclear financial expectations and obligations regarding education and retirement funding.

Is It Legal To Invest SSAS Pension in Cryptocurrency?

SSAS pensions allow UK citizens to legally invest in cryptocurrencies, offering diversification and potential for better returns.
#financial-management

We're in our 60s with $9 million in liquid assets but worried about upcoming large tax liabilities

High-net-worth individuals should manage retirement funds early to mitigate RMD tax implications.
Regularly update tax-saving strategies in response to IRS rule changes.
Some individuals prefer to continue working even after achieving financial independence.

I'm 55 with $2.5 million in Apple stock that I bought 30 years ago and now it's all capital gains - can I use these funds for the first 5 years of my retirement?

Effective capital gains tax management is crucial for retirees to maintain income without triggering higher taxes.

We're in our 60s with $9 million in liquid assets but worried about upcoming large tax liabilities

High-net-worth individuals should manage retirement funds early to mitigate RMD tax implications.
Regularly update tax-saving strategies in response to IRS rule changes.
Some individuals prefer to continue working even after achieving financial independence.

I'm 55 with $2.5 million in Apple stock that I bought 30 years ago and now it's all capital gains - can I use these funds for the first 5 years of my retirement?

Effective capital gains tax management is crucial for retirees to maintain income without triggering higher taxes.
morefinancial-management
#financial-goals

My husband just inherited $100k and looking for the best retirement account to put it in so we aren't tempted with it - where should we stick it?

Careful management of inheritances is key, especially when considering future financial goals like retirement and housing.

I make $80k a year and I only have $140k in my 401(k) after contributing for a decade - when will I ever get ahead?

The journey to retirement requires patience, as compounding takes time to show significant results.

Don't Just Save More: 5 Money Moves to Make in 2025

Setting specific financial goals in 2025 enhances your path to financial success.
Utilizing tax-advantaged accounts correctly can significantly boost retirement savings.

I'm 35 with $8 million in liquid assets and $2 million in a Roth - should I stop contributing to my 401(k)?

A net worth of $8 million by age 35 may allow one to stop saving, but it depends on retirement goals.

My husband just inherited $100k and looking for the best retirement account to put it in so we aren't tempted with it - where should we stick it?

Careful management of inheritances is key, especially when considering future financial goals like retirement and housing.

I make $80k a year and I only have $140k in my 401(k) after contributing for a decade - when will I ever get ahead?

The journey to retirement requires patience, as compounding takes time to show significant results.

Don't Just Save More: 5 Money Moves to Make in 2025

Setting specific financial goals in 2025 enhances your path to financial success.
Utilizing tax-advantaged accounts correctly can significantly boost retirement savings.

I'm 35 with $8 million in liquid assets and $2 million in a Roth - should I stop contributing to my 401(k)?

A net worth of $8 million by age 35 may allow one to stop saving, but it depends on retirement goals.
morefinancial-goals
#investing

If you want to retire by 65, Suze Orman says that you need to do this right now and not wait

Start investing now to build wealth through compounding
Compounding allows for significant growth of wealth with time
The earlier you start investing, the less you need to contribute monthly

We're in our mid-50s and are considering early retirement - do we have enough saved to keep spending over $300k per year?

High annual spending of $350,000 raises concerns about the sustainability of a $15 million nest egg for retirement.

3 Dividend Kings to Buy and Hold Forever

Dividend Kings are stable investments providing reliable income and long-term growth.

I just retired - should I do a Roth IRA conversion or harvest capital gains?

Cashing out some investments may be wise given high stock market gains and potential low tax implications for long-term capital gains.

If you want to retire by 65, Suze Orman says that you need to do this right now and not wait

Start investing now to build wealth through compounding
Compounding allows for significant growth of wealth with time
The earlier you start investing, the less you need to contribute monthly

We're in our mid-50s and are considering early retirement - do we have enough saved to keep spending over $300k per year?

High annual spending of $350,000 raises concerns about the sustainability of a $15 million nest egg for retirement.

3 Dividend Kings to Buy and Hold Forever

Dividend Kings are stable investments providing reliable income and long-term growth.

I just retired - should I do a Roth IRA conversion or harvest capital gains?

Cashing out some investments may be wise given high stock market gains and potential low tax implications for long-term capital gains.
moreinvesting
#financial-security

Can I really retire? Seems too good to be true to pull the plug at 55 and live my dream life

People with a 7-figure portfolio may still hesitate to retire due to feeling inadequately financially prepared. Retirement goals should reflect realistic budget needs.

Half of all Retirees Share One Big Regret. You Can Make Sure You Don't End Up One of Them

Half of all retirees feel financially unprepared; starting to save early is key to a secure retirement.

I'm single and set to inherit $5 million - can I take my foot off the gas when it comes to saving for retirement?

Never rely on an inheritance until it materializes; financial habits matter more than potential windfalls.

Can I really retire? Seems too good to be true to pull the plug at 55 and live my dream life

People with a 7-figure portfolio may still hesitate to retire due to feeling inadequately financially prepared. Retirement goals should reflect realistic budget needs.

Half of all Retirees Share One Big Regret. You Can Make Sure You Don't End Up One of Them

Half of all retirees feel financially unprepared; starting to save early is key to a secure retirement.

I'm single and set to inherit $5 million - can I take my foot off the gas when it comes to saving for retirement?

Never rely on an inheritance until it materializes; financial habits matter more than potential windfalls.
morefinancial-security
#early-retirement

I'm in my 40s and most of the advice I'm seeing is to have $5.5 million saved for retirement, but I only have $150k saved and not sure where to go from here

Adjusting your view of retirement savings can reveal you may be closer to your goals than initially thought.

I'm 43 and have been able to save $3 million towards retirement - but I'm having a hard time spending money

Balancing saving for retirement and current spending is crucial, even with significant savings.

I retired early at age 33 - should I get a government job to bank another million and live the rest of my life on easy mode?

Transitioning from tech to government work can provide financial security through pensions and retirement planning.
Public pensions often appear more attractive than they are, requiring deeper understanding.

I'm in my 40s and most of the advice I'm seeing is to have $5.5 million saved for retirement, but I only have $150k saved and not sure where to go from here

Adjusting your view of retirement savings can reveal you may be closer to your goals than initially thought.

I'm 43 and have been able to save $3 million towards retirement - but I'm having a hard time spending money

Balancing saving for retirement and current spending is crucial, even with significant savings.

I retired early at age 33 - should I get a government job to bank another million and live the rest of my life on easy mode?

Transitioning from tech to government work can provide financial security through pensions and retirement planning.
Public pensions often appear more attractive than they are, requiring deeper understanding.
moreearly-retirement
#inflation-impact

EXPLAINED: Is it worthwhile setting up a private pension plan in Switzerland?

Proposal for an additional old-age pension aims to address inflation and rising living costs for Swiss citizens.

I'm 29 with $45k in my 401k and the calculators are telling me I'll have $4 million by the time I'm 65 - is that really accurate?

Funding a 401(k) consistently over time can lead to significant wealth accumulation, despite challenges faced early in one's career.

EXPLAINED: Is it worthwhile setting up a private pension plan in Switzerland?

Proposal for an additional old-age pension aims to address inflation and rising living costs for Swiss citizens.

I'm 29 with $45k in my 401k and the calculators are telling me I'll have $4 million by the time I'm 65 - is that really accurate?

Funding a 401(k) consistently over time can lead to significant wealth accumulation, despite challenges faced early in one's career.
moreinflation-impact

These 6 Medicare Costs Are Higher in 2025

Medicare changes in 2025 mean higher costs for seniors including increased premiums and deductibles.
#investment-decisions

I'm 50 with $500k in cash and over $30 million in investments - can I afford a second home?

A Reddit user with $30 million in investments is considering purchasing a $5 million vacation home to enjoy retirement.
Buying a vacation property can be a viable option for financial stability and enjoyment in retirement.

Should I move my personal 401(k) to a traditional IRA or to my new work's 401(k)?

This couple is considering whether to transfer their $700,000 IRA to a new 401(k) plan or wait until retirement.

I'm 50 with $500k in cash and over $30 million in investments - can I afford a second home?

A Reddit user with $30 million in investments is considering purchasing a $5 million vacation home to enjoy retirement.
Buying a vacation property can be a viable option for financial stability and enjoyment in retirement.

Should I move my personal 401(k) to a traditional IRA or to my new work's 401(k)?

This couple is considering whether to transfer their $700,000 IRA to a new 401(k) plan or wait until retirement.
moreinvestment-decisions
from 24/7 Wall St.
1 week ago

Suze Orman: This is One of the Biggest Risks to Your Retirement Savings

Plan for retirement should consider longevity; aim for funds to last until at least age 95
A significant gap exists between savings needed and savings held for retirement in the U.S.
A large percentage of older adults are unprepared for retirement, lacking sufficient savings.

I'm in my 50s making $315k a year and retirement is here but I don't feel ready - how do I reduce my financial stress?

Financial anxiety can persist regardless of wealth, indicating that emotional well-being is crucial for retirement planning.
from www.housingwire.com
1 week ago

Nearly half of retirees worry they'll outlive their savings, while 25% are burdened by housing costs

Many retirees are deeply concerned about outliving their savings, with anxiety affecting their perceived quality of life.

Retire in Comfort: 3 Utility Stocks That Keep Your Paychecks Flowing

Utility stocks are experiencing a rise due to increased electricity demand from data centers for AI.
Investors, especially retirees, may benefit from high-yield utility stocks for steady income and capital growth.

I'm in my 20s and make $100k a year - is it better to stash money in a Roth 401(k) r over a Traditional 401(k)

Choosing between a Roth 401(k) and a Traditional 401(k) requires careful consideration of tax implications and personal financial goals.

These Are the First 4 Financial Moves You Should Make in 2025

Start the year with a financial checkup to assess emergency funds, manage debt, and prepare for the future.

Maxing Out Your 401(k) Isn't Enough Anymore - Here's What to Focus on in the New Year

Maxing out 401k contributions isn't enough for retirement, especially for those without employer matches.
Consider contributing to a Roth IRA instead of a 401k when there's no match from the employer.
Diversification across accounts is key to building a robust retirement plan.
View your 401k as just one aspect of a multi-faceted retirement strategy.

Annuity vs IRA: Which Vehicle Is Actually Better for Your Retirement?

Annuities provide guaranteed income for retirement, while IRAs may offer higher rewards but with more risk.

I'm leaving my job to start my own business - how can I fund my retirement without a 401(k)?

Setting up a retirement plan is more complex for self-employed individuals than for employees.
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