Retirement expert explains how to avoid common planning mistakes
Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. When planning for the future, people often get caught up in short-term news rather than focusing on the long-term strategy, even though retirement planning can stretch across decades. And that’s just one of several mistakes those saving for […]
The biggest retirement regrets — and how to avoid them
Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. If given the opportunity to do things over, many retirees say they would’ve made financial decisions differently. According to research by Olivia Mitchell, a Wharton professor and executive director of the Pension Research Council, a majority of the […]
How to avoid taxes on savings account interest
Savings accounts help you earn money and prepare for financial rainy days. They also protect your savings from loss due to bank failures, fire, theft, and more. But if you’re earning interest on a savings account, there is one downside: the taxes. For most savings accounts, the IRS takes a portion of the interest you […]
How To Plan Your Retirement For A Life Of Travel
How can you craft a retirement plan that supports a travel lifestyle? (Photo by Robert Alexander) Getty Images Retirement often feels like the light at the end of the tunnel — a time to relax, enjoy life, and finally pursue the dreams that were put on hold during the busy years of work and family […]
How to manage your retirement savings in your golden years – Diana Clement
The 6% rule allows retirees to withdraw 6% of their total retirement savings annually. The money isn’t going to last as long, but research shows that people tend to spend less as they age, said Alison O’Connell, a member of the New Zealand Society of Actuaries who has a background in the pensions industry. The […]
How to prepare for an unexpected retirement
Federal employees who are planning for retirement have a multitude of questions that need to be addressed so that they can prepare for a smooth transition and a financially secure life after retirement. Today, I am going to share a question-and-answer session I recently had with an employee who is worried about her future employment […]
How to overcome the ‘financial vortex’ to save for retirement
Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. For many Americans, retirement planning often feels unrealistic. Instead of focusing on the future, many are consumed by what Chris Ceder, a senior retirement strategist with Goldman Sachs Asset Management, refers to as the “financial vortex” — the […]
How to avoid being poor in retirement – Darcy Ungaro
According to the Retirement Commission, almost one in three people today don’t think they’ll have enough by age 65. Inflation has likely messed up the numbers, so ask yourself this: Will you have ‘enough’, ‘just enough’, or ‘not enough’? Your retirement outcome depends on two things: When you start preparing, and the decisions you make […]
How to know when and how to retire
When to retire is one of those sticky questions. It’s financial. It’s psychological. And sometimes it’s out of our control. The idea of stepping out of the workforce in your mid-60s with possibly three decades of living in retirement ahead is unnerving, especially when it comes to your future financial security. “Money is part of […]
How to qualify for two state pensions – and get increases for life
Ireland may be close by, but this doesn’t make the rules around pensions any less complicated. The number of paid Pay Related Social Insurance (PRSI) contributions you require before being eligible for an Irish pension depends on when you reached pension age. If it was on or after 6 April 2012, you need to have […]