#retirement-planning

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#investment-strategies
Retirement
from24/7 Wall St.
1 week ago

Boomers Can Generate Huge Passive Income With the 5 Highest-Yielding Nasdaq 100 Stocks

Relying on government support for retirement isn't advisable; dividends and capital appreciation are essential for financial independence.
Retirement
from24/7 Wall St.
2 weeks ago

My income is rising but I still want to save for retirement in a Roth IRA

A backdoor Roth IRA allows individuals to continue contributing despite income limits.
from24/7 Wall St.
1 day ago
Retirement

I'm 65 with $2.5 million stashed in a 401(k) - is it time to stop contributing and avoid a tax nightmare down the road?

Retirement
from24/7 Wall St.
1 week ago

Boomers Can Generate Huge Passive Income With the 5 Highest-Yielding Nasdaq 100 Stocks

Relying on government support for retirement isn't advisable; dividends and capital appreciation are essential for financial independence.
Retirement
from24/7 Wall St.
2 weeks ago

My income is rising but I still want to save for retirement in a Roth IRA

A backdoor Roth IRA allows individuals to continue contributing despite income limits.
from24/7 Wall St.
1 day ago
Retirement

I'm 65 with $2.5 million stashed in a 401(k) - is it time to stop contributing and avoid a tax nightmare down the road?

more#investment-strategies
Retirement
from24/7 Wall St.
10 hours ago

From $100k to $501k: How I Achieved My Net Worth Goal Before 30 - My Journey of Hard Work and Sacrifice

Achieving a net worth of $500,000 by age 30 is possible with strategic saving and increased earnings.
#social-security
Retirement
from24/7 Wall St.
1 week ago

My Parents Have a $100K Mortgage and Are Struggling to Live on $2,400 a Month. What Can They Do?

Living on Social Security alone can create financial distress for seniors, but utilizing home equity might provide relief.
Retirement
from24/7 Wall St.
2 weeks ago

Still Working at 70-Should I Start My Social Security Benefits Now?

Deciding when to claim Social Security is a personal decision influenced by various factors.
Delaying benefits until age 70 maximizes monthly payments, with no additional increase after that.
Retirement
from24/7 Wall St.
2 days ago

Can a person retire comfortably at 65 with 3 million saved?

Careful withdrawal strategies are crucial for retirees with $3 million, especially regarding taxes and healthcare costs.
Retirement
from24/7 Wall St.
6 days ago

Truths Boomers Need to Face About Their Finances Today

Baby Boomers face reduced spending power in retirement due to potential Social Security cuts and inflation.
The cost of living adjustments for Social Security are not reflective of retiree spending habits.
Retirement
from24/7 Wall St.
1 week ago

The Biggest Mistakes People Make When Filing for Social Security - and How to Avoid Them

Many Americans lose significant Social Security benefits due to filing errors, emphasizing the need for proper preparation.
Retirement
from24/7 Wall St.
1 week ago

My Parents Have a $100K Mortgage and Are Struggling to Live on $2,400 a Month. What Can They Do?

Living on Social Security alone can create financial distress for seniors, but utilizing home equity might provide relief.
Retirement
from24/7 Wall St.
2 weeks ago

Still Working at 70-Should I Start My Social Security Benefits Now?

Deciding when to claim Social Security is a personal decision influenced by various factors.
Delaying benefits until age 70 maximizes monthly payments, with no additional increase after that.
Retirement
from24/7 Wall St.
2 days ago

Can a person retire comfortably at 65 with 3 million saved?

Careful withdrawal strategies are crucial for retirees with $3 million, especially regarding taxes and healthcare costs.
Retirement
from24/7 Wall St.
6 days ago

Truths Boomers Need to Face About Their Finances Today

Baby Boomers face reduced spending power in retirement due to potential Social Security cuts and inflation.
The cost of living adjustments for Social Security are not reflective of retiree spending habits.
Retirement
from24/7 Wall St.
1 week ago

The Biggest Mistakes People Make When Filing for Social Security - and How to Avoid Them

Many Americans lose significant Social Security benefits due to filing errors, emphasizing the need for proper preparation.
more#social-security
#financial-independence
fromBusiness Insider
5 days ago
Retirement

I've run a financial independence podcast for 9 years. Here are 4 mistakes I see early retirees make all the time.

Retirement
from24/7 Wall St.
4 days ago

How I Went from a $100K Goal to a $1.9 Million Net Worth by Age 36 - Is Early Retirement Realistic?

Early retirement planning can start at a young age, setting actionable financial goals can lead to significant achievements.
Retirement
from24/7 Wall St.
2 weeks ago

Is Aiming for $10M in Savings Enough for Early Retirement?

$10 million is a significant goal for financial independence, but accumulating more may impact personal happiness.
Retirement
from24/7 Wall St.
12 hours ago

I Plan to Retire in 5 Years with $500,000 and Dividend ETF Income

Planning for retirement requires a solid financial strategy, especially when relying on dividend income for living expenses.
Retirement
fromBusiness Insider
5 days ago

I've run a financial independence podcast for 9 years. Here are 4 mistakes I see early retirees make all the time.

Poor planning for post-retirement life can lead to dissatisfaction for early retirees.
Retirement
from24/7 Wall St.
2 days ago

Is my $5 million net worth enough to actually retire?

Financial independence requires setting a target net worth, with $5 million being a common goal for the FIRE community.
from24/7 Wall St.
4 days ago
Retirement

How I Went from a $100K Goal to a $1.9 Million Net Worth by Age 36 - Is Early Retirement Realistic?

more#financial-independence
#withdrawal-strategies
more#withdrawal-strategies
#financial-advisors
Retirement
from24/7 Wall St.
2 weeks ago

My Dad Is Retiring Soon - How Can I Get Health Insurance Before I Miss Important Appointments?

Healthcare costs can drastically impact retirement finances, creating substantial fears for retirees.
Having a financial backup plan can mitigate risks associated with unexpected expenses in retirement.
Retirement
from24/7 Wall St.
1 week ago

Relying on Old Apple Stock at 55: Too Risky for Early Retirement?

Diversifying your retirement portfolio is essential to manage risk.
Relying on a single stock for retirement can jeopardize financial stability.
from24/7 Wall St.
3 days ago
Retirement

Can I reinvest my required minimum distribution into stocks or property without paying taxes twice?

Retirement
from24/7 Wall St.
2 weeks ago

My Dad Is Retiring Soon - How Can I Get Health Insurance Before I Miss Important Appointments?

Healthcare costs can drastically impact retirement finances, creating substantial fears for retirees.
Having a financial backup plan can mitigate risks associated with unexpected expenses in retirement.
Retirement
from24/7 Wall St.
1 week ago

Relying on Old Apple Stock at 55: Too Risky for Early Retirement?

Diversifying your retirement portfolio is essential to manage risk.
Relying on a single stock for retirement can jeopardize financial stability.
from24/7 Wall St.
3 days ago
Retirement

Can I reinvest my required minimum distribution into stocks or property without paying taxes twice?

more#financial-advisors
#financial-advice
Retirement
from24/7 Wall St.
2 weeks ago

Skipping a $50K Advisor Fee After Losing a Spouse-Wise or Foolish?

Paying $50K for a financial advisor may be justified given the user's significant assets and need for expertise.
Understanding the value of financial advisory services is crucial for decision-making.
Retirement
from24/7 Wall St.
2 weeks ago

$40K used cars, $200K in 529s, and $20K+ a year in extras-are we underestimating the real cost of college years?

The Reddit user questions if $200K for college savings is enough amidst rising support costs from other parents.
Retirement
from24/7 Wall St.
3 days ago

Is 27 Too Late to Start Saving for Retirement? My Journey to Financial Freedom

It's never too late to start saving for retirement, even for young adults with modest nest eggs.
Retirement
from24/7 Wall St.
3 days ago

With $1.25 million tied up in company stock, am I taking too much risk if I want to quit in 5 years?

Diversification is crucial to reducing investment risk, especially for new investors holding excessive company stock.
Retirement
from24/7 Wall St.
4 days ago

I am 63, still earning, and eyeing Roth IRA funds for renovations. Is that a mistake?

Age 59 1/2 marks penalty-free access to Roth IRA, needing 5-year account opening.
Evaluate financial options before using Roth IRA funds for home renovations.
Retirement
from24/7 Wall St.
2 weeks ago

Skipping a $50K Advisor Fee After Losing a Spouse-Wise or Foolish?

Paying $50K for a financial advisor may be justified given the user's significant assets and need for expertise.
Understanding the value of financial advisory services is crucial for decision-making.
Retirement
from24/7 Wall St.
2 weeks ago

$40K used cars, $200K in 529s, and $20K+ a year in extras-are we underestimating the real cost of college years?

The Reddit user questions if $200K for college savings is enough amidst rising support costs from other parents.
Retirement
from24/7 Wall St.
3 days ago

Is 27 Too Late to Start Saving for Retirement? My Journey to Financial Freedom

It's never too late to start saving for retirement, even for young adults with modest nest eggs.
Retirement
from24/7 Wall St.
3 days ago

With $1.25 million tied up in company stock, am I taking too much risk if I want to quit in 5 years?

Diversification is crucial to reducing investment risk, especially for new investors holding excessive company stock.
Retirement
from24/7 Wall St.
4 days ago

I am 63, still earning, and eyeing Roth IRA funds for renovations. Is that a mistake?

Age 59 1/2 marks penalty-free access to Roth IRA, needing 5-year account opening.
Evaluate financial options before using Roth IRA funds for home renovations.
more#financial-advice
#investing
from24/7 Wall St.
3 days ago
Startup companies

I have invested in dividends for 15 years-These dividend aristocrats built my passive income stream

from24/7 Wall St.
3 days ago
Startup companies

I have invested in dividends for 15 years-These dividend aristocrats built my passive income stream

more#investing
Retirement
fromUSA TODAY
2 days ago

$1.7 trillion sits in lost and forgotten 401(k) accounts. Is one of them yours?

At least $1.7 trillion is trapped in lost 401(k) accounts, representing 29 million idle accounts. Tracking them down is increasingly manageable.
#financial-strategy
Retirement
from24/7 Wall St.
2 weeks ago

Having $3M in Investments-Why Doesn't It Feel Sufficient?

Reaching $3 million in retirement savings by age 50 is a significant accomplishment despite personal financial uncertainties.
Retirement
from24/7 Wall St.
2 weeks ago

401(k) Rollover vs. Roth IRA: Which Is the Smarter Move?

The Roth IRA offers tax-free growth but isn't a universal solution; alternatives may be better based on individual financial situations.
Retirement
from24/7 Wall St.
2 weeks ago

Having $3M in Investments-Why Doesn't It Feel Sufficient?

Reaching $3 million in retirement savings by age 50 is a significant accomplishment despite personal financial uncertainties.
Retirement
from24/7 Wall St.
2 weeks ago

401(k) Rollover vs. Roth IRA: Which Is the Smarter Move?

The Roth IRA offers tax-free growth but isn't a universal solution; alternatives may be better based on individual financial situations.
more#financial-strategy
#work-life-balance
more#work-life-balance
#investment-strategy
Retirement
from24/7 Wall St.
1 week ago

Trust Fund at 38: Charting My Course to Financial Independence

Financial flexibility provided by a trust fund can enable early retirement, but fulfillment beyond money must be considered.
Retirement
from24/7 Wall St.
2 weeks ago

Living on $600K a Year in Retirement-Are We Truly Prepared?

To sustain a $50,000 monthly retirement spend, one would need a substantial nest egg, likely around $15 million.
from24/7 Wall St.
3 weeks ago
Retirement

Our retirement plan includes $160K+ in dividends and no major expenses - what are we missing before calling it quits?

Retirement
from24/7 Wall St.
1 week ago

Trust Fund at 38: Charting My Course to Financial Independence

Financial flexibility provided by a trust fund can enable early retirement, but fulfillment beyond money must be considered.
Retirement
from24/7 Wall St.
2 weeks ago

Living on $600K a Year in Retirement-Are We Truly Prepared?

To sustain a $50,000 monthly retirement spend, one would need a substantial nest egg, likely around $15 million.
from24/7 Wall St.
3 weeks ago
Retirement

Our retirement plan includes $160K+ in dividends and no major expenses - what are we missing before calling it quits?

more#investment-strategy
#personal-finance
more#personal-finance
#healthcare-costs
Retirement
from24/7 Wall St.
2 weeks ago

Is $5 Million the New Baseline for a Comfortable Retirement in America?

A net worth of $5 million places you in the top tier of retirees, with substantial opportunities for a comfortable lifestyle.
Retirement
from24/7 Wall St.
2 weeks ago

Is $5 Million the New Baseline for a Comfortable Retirement in America?

A net worth of $5 million places you in the top tier of retirees, with substantial opportunities for a comfortable lifestyle.
more#healthcare-costs
#early-retirement
Retirement
from24/7 Wall St.
2 weeks ago

Pairing a $2M 401(k) With $120K Pension-Is Retirement Within Reach?

Pensions ease retirement financially, but sufficient savings is essential for a comfortable life.
Retiring early involves risks; planning and saving are crucial to ensure financial security.
Retirement
fromBusiness Insider
5 days ago

We thought we'd planned for a successful early retirement - but we're picking up side hustles just a few years in

Early retirement can still pose financial challenges despite good planning and savings.
Unexpected expenses and lifestyle changes can impact retirement budgets significantly.
Retirement
from24/7 Wall St.
2 weeks ago

Pairing a $2M 401(k) With $120K Pension-Is Retirement Within Reach?

Pensions ease retirement financially, but sufficient savings is essential for a comfortable life.
Retiring early involves risks; planning and saving are crucial to ensure financial security.
Retirement
fromBusiness Insider
5 days ago

We thought we'd planned for a successful early retirement - but we're picking up side hustles just a few years in

Early retirement can still pose financial challenges despite good planning and savings.
Unexpected expenses and lifestyle changes can impact retirement budgets significantly.
more#early-retirement
Retirement
from24/7 Wall St.
1 week ago

Why Do Dividend Investors Critique Dividends While Promoting ETFs? - A Dive into the Contradictions

ETFs provide a simple and cost-effective way for passive investors to approach market returns.
Combining passive and active ETFs allows for more personalization without the need for individual stock selection.
Retirement
from24/7 Wall St.
1 week ago

Discovering My Parents Went Broke in Secret-Five Years Too Late

Redditor's parents face homelessness, having exhausted finances without prior disclosure, pushing their child to step in and manage their fiscal situation.
Retirement
from24/7 Wall St.
2 weeks ago

We're in our mid-30s with $2.3 million but face large expenses on the road to our $5 million goal

Balancing immediate life desires with long-term financial goals is challenging.
Retirement
from24/7 Wall St.
2 weeks ago

How I Plan to Save for My Parents' Retirement - A Balancing Act of Family Responsibility

Understanding your parents' financial situation is crucial before providing assistance with their retirement.
from24/7 Wall St.
2 weeks ago

I Sold My Rental Property to Invest in JEPQ - Here's Why I Made This Bold Move

Covered call ETFs offer high yields and potentially lower risks than individual stocks, but investors must be aware of the associated dangers with high yields.
Retirement
Retirement
fromBusiness Insider
2 weeks ago

10 best states for retirees

Choosing the right state for retirement can stretch savings further amid economic uncertainty.
Average retirement savings vary significantly, emphasizing the need for personalized financial planning.
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