#retirement-savings
#retirement-savings

1 month ago

Retirement

Do I Include 401K Contributions When Calculating My Monthly Savings?

The Typical 401(k)-Only Retirement: My Dad's Story at 67

Relying solely on a 401(k) for retirement savings is common but has both benefits and potential pitfalls.

Retirement

I just discovered my 401(k) has a hidden clause forcing half into an annuity if I die - is this normal?

1 month ago

Retirement

Do I Include 401K Contributions When Calculating My Monthly Savings?

The Typical 401(k)-Only Retirement: My Dad's Story at 67

Relying solely on a 401(k) for retirement savings is common but has both benefits and potential pitfalls.

Retirement

I just discovered my 401(k) has a hidden clause forcing half into an annuity if I die - is this normal?

more#401k-plans

1 month ago

A Gen Xer bumped her pay to $100K by taking on a second office job with her employer - and she works a side hustle to manage the stress

When Rivera started her second role in 2020, her pay increased to about $100,000 from roughly $60,000. Additionally, when she accepted the extra position, she initially worked 80-hour weeks but has since scaled back to about 60 hours.

NYC startup

fromwww.ocregister.com

10 sources of emergency cash, ranked from best to worst

Consider short-term securities and low-risk assets first when facing unexpected expenses.

Roth IRA contributions allow penalty-free withdrawals but may jeopardize retirement savings.

Cash values from life insurance policies can provide emergency funds when needed.

A 401(k) loan, while helpful, could negatively impact long-term retirement savings.

#401k

fromAol

Retirement

NYC man lost $114,000 - his entire 401(k) - after his physical check from Paychex was stolen and cashed

Retirement

At 29 With $45K in 401(k), Why Projected Figures Might Mislead

Retirement

3 Changes to the 401(k) Laws Congress Should Make - But Probably Won't

Retirement

Is a 25% match in a 401(k) too good to be true?

I'm Drowning In Credit Card Debt. Should I Raid My 401(k)?

Tapping your 401(k) for credit card debt can incur penalties and risk retirement savings.

Should you worry about the stock market tanking your 401(k)? Here's what to know

Market fluctuations can cause anxiety about 401(k) savings, critical for retirement, especially for older Americans.

fromAol

NYC man lost $114,000 - his entire 401(k) - after his physical check from Paychex was stolen and cashed

Retirement plan administrators continue to use insecure paper checks for rollovers, exposing savers to significant risks and complications.

At 29 With $45K in 401(k), Why Projected Figures Might Mislead

It's never too early to start saving for retirement through 401(k) plans.

3 Changes to the 401(k) Laws Congress Should Make - But Probably Won't

Automatic enrollment in 401(k) accounts could significantly boost retirement savings for low and middle-class Americans.

Retirement

Is a 25% match in a 401(k) too good to be true?

I'm Drowning In Credit Card Debt. Should I Raid My 401(k)?

Tapping your 401(k) for credit card debt can incur penalties and risk retirement savings.

Retirement

Should you worry about the stock market tanking your 401(k)? Here's what to know

more#401k

fromMoneywise

NYC man lost $114K - his entire 401(k) - after his physical check from Paychex was stolen. So why do 43% of retirement savers still have to deal with this 'outdated' and 'insecure' method?

Paper-based 401(k) rollovers expose savers to significant risks including fraud, delays, and limited protections.

$5 Million at 50-Something: Rich Enough to Retire, or Just Scared?"

Many Americans dream of early retirement, but its feasibility is declining; for those with sufficient savings, it is possible, yet comes with challenges.

Is It Possible to Retire By 40 If You've Banked $2 Million?

A $2 million nest egg by age 40 can allow for early retirement if managed wisely.

$5 Million at 50-Something: Rich Enough to Retire, or Just Scared?"

Many Americans dream of early retirement, but its feasibility is declining; for those with sufficient savings, it is possible, yet comes with challenges.

Is It Possible to Retire By 40 If You've Banked $2 Million?

A $2 million nest egg by age 40 can allow for early retirement if managed wisely.

more#early-retirement

#financial-advice

Retirement

Dave Ramsey's Warning: Don't Tap Your 401(k) to Pay Your Mortgage

Mental health

After A Decade Of Saving I Only Have $140K In My Retirement Account. When Will Things Turn Around?

Retirement

Dave Ramsey's Warning: Don't Tap Your 401(k) to Pay Your Mortgage

Mental health

After A Decade Of Saving I Only Have $140K In My Retirement Account. When Will Things Turn Around?

more#financial-advice

#investing

Retirement

Thinking of Putting All Your Savings Into VOO? Here's Why You May Not Want To

Bootstrapping

How I Discovered the Bank Balance Needed to Retire at 67 with Zero Contributions

Retirement

Thinking of Putting All Your Savings Into VOO? Here's Why You May Not Want To

Bootstrapping

How I Discovered the Bank Balance Needed to Retire at 67 with Zero Contributions

Should I give up my low 2.3% mortgage rate to buy my dream $650k home?

Homeowners must weigh financial benefits of low mortgage rates against lifestyle needs, especially with future family considerations.

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-planning

Retirement

10 best states for retirees

Retirement

I'm turning 60 and want to know if I can retire on $800k

Retirement

If You've Saved $3 Million By 50, Do You Have Enough to Retire?

Retirement

Is $10 Million the New Baseline for a Care-Free Retirement in America?

You Can't Trust This Long-Standing Retirement Rule Any More

The 4% rule for retirement withdrawals is increasingly being questioned and may no longer be a reliable strategy for financial planning.

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.

I'm turning 60 and want to know if I can retire on $800k

Retirement savings of $800,000 may support modest lifestyles, but personal expenses greatly influence retirement feasibility.

If You've Saved $3 Million By 50, Do You Have Enough to Retire?

Having $3 million doesn't guarantee retirement at 50; lifestyle and assets structure are crucial.

Retirement

Is $10 Million the New Baseline for a Care-Free Retirement in America?

You Can't Trust This Long-Standing Retirement Rule Any More

The 4% rule for retirement withdrawals is increasingly being questioned and may no longer be a reliable strategy for financial planning.

more#retirement-planning

Parenting

Why more parents are supporting their adult children financially

Parents of grown children are increasingly providing financial support, affecting their retirement savings.

UK politics

fromwww.theguardian.com

The Guardian view on Labour's pension reforms: building on flawed foundations | Editorial

Rachel Reeves advocates for UK pension funds to invest in local infrastructure, addressing both retirement savings and economic regeneration.

All-In on QQQ? These 3 ETFs Offer a Smarter Path to Growth

The recent market dip was described by Wells Fargo as an 'attractive entry point,' indicating that purchasing QQQ and other growth ETFs could be worthwhile.

Cryptocurrency

3 tips to balance your short-term and long-term savings goals

Balance saving for short-term goals without neglecting long-term investments, as compounding plays a crucial role in financial growth.

#market-volatility

Cryptocurrency

1000-Point Market Swings Signal Danger: Boomers Should Move to 5 Guaranteed Dividend Investments

fromThe Motley Fool

Marketing tech

Stock Market Sell-Off: 2 Growth Stocks to Buy Hand Over Fist | The Motley Fool

Cryptocurrency

1000-Point Market Swings Signal Danger: Boomers Should Move to 5 Guaranteed Dividend Investments

fromThe Motley Fool

Marketing tech

Stock Market Sell-Off: 2 Growth Stocks to Buy Hand Over Fist | The Motley Fool

more#market-volatility

Should You Stop Saving for Retirement and Hoard Cash?

Stay committed to retirement savings amidst market uncertainty; invest in quality stocks while prices are low.

#roth-ira

Retirement

Should I Double Max Out My Roth IRA or Invest My $20,000 Elsewhere?

Mental health

I've converted 46% of my nest egg to Roth - am I overshooting my target with more conversions?

Roam Research

3 Reasons You Should Be Saving for Retirement in a Roth IRA

Roth IRAs allow tax-free investment gains and withdrawals, providing significant advantages for retirement savings.

Miscellaneous

4 Reasons the Roth IRA Might be the Most Powerful Retirement Account of All Time

Retirement

Should I Double Max Out My Roth IRA or Invest My $20,000 Elsewhere?

Mental health

I've converted 46% of my nest egg to Roth - am I overshooting my target with more conversions?

Roam Research

3 Reasons You Should Be Saving for Retirement in a Roth IRA

Roth IRAs allow tax-free investment gains and withdrawals, providing significant advantages for retirement savings.

Miscellaneous

4 Reasons the Roth IRA Might be the Most Powerful Retirement Account of All Time

more#roth-ira

What I Wish I Knew Before Setting Up a 401k: Lessons from My Small Business Experience

Offering a 401(k) plan is essential for small businesses to retain employees and promote retirement savings.

We went to the anti-Trump protests. Here's what surprised us the most.

Nationwide protests targeted President Trump for policies perceived to benefit the wealthy while negatively impacting the economy and retirement savings.

Cryptocurrency

Should I Pay Off My $23,000 Student Loans or Invest Instead?

Investing is often more beneficial than early repayment of student loans due to favorable interest rates and tax deductions.

I'm 38 with a $3.5 million net worth - how do people go from 7 figures to high 8 or 9 figures in a decade?

Growing net worth requires time and strategic investments.

Hitting an 8-figure net worth in 10 years is attainable for skilled savers and investors.

I Used to Think a Health Savings Account Was Irrelevant, But These 8 Benefits Turned Me Into a Believer

Health Savings Accounts (HSAs) offer unique tax advantages that can sometimes be more beneficial than traditional retirement accounts.

HSAs provide a 'triple tax benefit' that is rarely matched by other savings vehicles.

How to Build Wealth Without a Six-Figure Salary - What Actually Works

The reality is that it's possible to build wealth if you are financially disciplined, invest early, and cut costs to save for retirement.

Retirement

Germany news

fromThe Local Germany

'I store cash at home': Why Americans in Germany struggle to save for retirement

US citizens in Germany face unique challenges in saving for retirement due to taxation and banking complications.

The Foreign Account Tax Compliance Act (FATCA) creates hurdles for American clients in German banks.

fromDigital Insurance

Family caregiving responsibilities impact women investors' careers, Nationwide

Economic uncertainty and caregiving duties hinder women's retirement savings across generations.

fromwww.nytimes.com

Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.

Victims of online scams face surprising and burdensome tax liabilities after draining retirement savings to fraudsters.

Should We Pull Money From Our 401(k) to Eliminate Our Credit Card Debt?

Consider the long-term costs of withdrawing from retirement accounts to pay down debt.

SF real estate

fromSFGATE

Pause Saving for Your Future To Buy a House Now, According to Dave Ramsey

Dave Ramsey advises potential homebuyers to temporarily pause retirement contributions to fund down payments, a controversial but pragmatic strategy.

fromwww.thenorthernecho.co.uk

I've Socked Away $3M For Retirement, 20 Years Ahead Of Schedule, But Still Can't Get Comfortable Spending

Fear of spending money stems from upbringing despite having substantial savings.

UK politics

Everyone under 40 urged to 'act now' to not miss out on 11,000 in free cash

Savers approaching 40 should consider opening a Lifetime ISA (LISA) to secure government bonuses for retirement savings.

Roam Research

Clark Howard explains how if you save a dollar in a Roth IRA you save $1 but it's not the case if you do the same in a 401(k)

Roth accounts provide better long-term savings by locking in current lower tax rates compared to traditional 401(k)s.

Baby Boomer Savings Are Being Eaten Alive Right Now

Baby boomers face retirement savings shortfalls due to inflation, rising healthcare costs, and inadequate savings.

The increase in living expenses erodes baby boomers' purchasing power significantly.

I'm 35 and worried about my retirement - how can I get help reviewing my Roth IRA?

Investing in individualized stocks is risky; use diversified portfolios for retirement savings.

It's important to seek professional advice to assess retirement savings and investment strategies.

I Live in a $1M Home and Have $3M Saved Up at 50 -- Why Does It Feel Like I'm Behind?

Avoid comparing your wealth to that of others to maintain a positive self-image and focus on personal accomplishments.

Miscellaneous