Tag

Retirement Planning

All articles tagged with #retirement planning

money9 days ago•5 min saved

Early Clues Point to a Bigger 2027 Social Security COLA, with Caution

COLAs are based on third-quarter inflation. April’s CPI rise of 3.8% hints at a larger 2027 COLA than 2026, with the Senior Citizens League forecasting around 3.9% (aligned with the CPI-W used for COLAs). But the official 2027 COLA won’t be announced until October, and any increase could be offset if energy prices fall or Medicare Part B premiums rise. A bigger COLA isn’t necessarily a win for retirees, as higher benefits can come with higher costs; diversification of income or returning to work may help supplement Social Security.

via The Motley Fool|

#cola #inflation #money

personal-finance15 days ago•5 min saved

Don’t chase a break-even: experts urge holistic Social Security planning

Experts warn that break-even analyses for Social Security can mislead when to claim benefits. Since lifespan, taxes, and a spouse’s benefits affect outcomes, the right approach is a holistic plan—often delaying to 70 for a larger, guaranteed monthly check and considering longevity and the couple’s finances rather than chasing a break-even point.

via CNBC|

#break-even-analysis #longevity #note-extra-tag-counted

personal-finance17 days ago•4 min saved

RMD Reality: What a $300K Nest Egg Must Withdraw Each Year

CBS MoneyWatch explains how required minimum distributions (RMDs) from tax-deferred accounts work using a $300,000 balance. Starting at age 73, the annual RMD is calculated by dividing the balance by an age-based life expectancy factor from the IRS Uniform Lifetime Table, yielding roughly $11,320 at 73, about $12,195 at 75, about $13,100 at 77, and around $14,200 at 79+, with taxes due on withdrawals and considerations for diversification (including gold) as part of retirement planning.

via CBS News|

#irs-uniform-lifetime-table #personal-finance #required-minimum-distribution

personal-finance29 days ago•7 min saved

Maximize Your Social Security: Five Retirement Mistakes to Avoid

The Motley Fool highlights five common Social Security mistakes that can reduce retirees’ benefits and offers practical fixes: claiming benefits early out of fear instead of planning, working without understanding the earnings test, assuming benefits won’t be taxed (tax rules and potential RMDs can affect taxability), failing to coordinate spousal benefits, and not checking your earnings record regularly for errors. The piece emphasizes careful timing, tax considerations, and using online tools to estimate outcomes, noting 2026 thresholds ($24,480 earnings before benefits are reduced and $65,160 for the higher earner) and the broader context of Social Security’s finances.

via The Motley Fool|

#earnings-test #personal-finance #retirement-planning

business1 month ago•5 min saved

Sixty-Something Intel Technician Rebuilds Career After Layoff

Brad Jenkins, a 60-something Intel technician in Hillsboro, Oregon, was laid off in mid-2025 and, with retirement plans upended, is scrambling to reenter the job market. Relying on savings, severance, and unemployment benefits, he pursued free EV‑charger maintenance training and even considers entrepreneurship while networking for new roles, but healthcare access and timing of Medicare/Social Security complicate a quick return to work. He advises fellow older job seekers to stay persistent, leverage networks, and adjust expectations on pay and job fit.

via Business Insider|

#business #healthcare #intel

economy1 month ago•19 min saved

More Americans Reach Millionaire Status, Yet Inflation Dulls the Sense of Wealth

The number of American millionaires has reached a record high (about 1 in 6 families), and average net worth tops $1 million per household, but rising costs and inflation erode real wealth and leave many millionaires feeling less affluent than the figures suggest.

via The Washington Post|

#economy #inflation #personal-finance

sports1 month ago•2 min saved

Verstappen could stay with Red Bull as ambassador after F1 exit

Max Verstappen could remain linked to Red Bull as an ambassador even if he steps away from driving after 2026, with a post-driving role likely for at least two years while his Red Bull contract runs to 2028. The Race says his loyalty and marketing pull could let Red Bull keep him in a non-driving capacity, potentially alongside the Verstappen.com GT3 project; he could trigger an exit clause before October if he’s outside the top two in the world championship, though a later return to F1 isn’t guaranteed.

via F1 Oversteer|

#ambassador #formula-one #red-bull-racing

economy1 month ago•18 min saved

Trump plan would let 401(k)s include crypto and private equity

The Labor Department proposed expanding 401(k) investment options to include alternative assets such as cryptocurrencies and private equity, broadening access for about 118 million workers but critics warn of higher risk to retirement savings; the rule would be open to public comment before any implementation.

via The Washington Post|

#cryptocurrency #economy #government-regulations

personal-finance2 months ago•4 min saved

Why Waiting Until 70 Often Maximizes Social Security

The article weighs the pros and cons of claiming Social Security at 62 versus waiting until 70, showing that while early claims provide immediate income, waiting yields larger monthly benefits that typically surpass early withdrawals over a lifetime (with a break-even around age 80). For most, delaying to 70 offers the best outcome, though exceptions exist for those needing money now, facing health issues, or exploring investing early benefits—despite market risks and the program's solvency concerns.

via USA Today|

#break-even #claiming-age #longevity

personal-finance2 months ago•6 min saved

Trading full-time work for a 16-hour week in Valencia

Gigi Gonzalez, 36, moved from Chicago to Valencia, Spain in 2025 with her husband and now works about 16–20 hours weekly, enabled by Spain’s lower costs and a digital nomad visa. She saved roughly $40,000 to start her business and move abroad, and now enjoys a calmer routine while continuing The First Gen Mentor. She has more than $220,000 in retirement investments and plans to retire by 65 through compounding. While rent is cheaper (~€1,900) and private health insurance costs about €200/month, managing her business across two countries adds tax and visa complexity. She aims to stay long-term and pursue Spanish citizenship after residency.

via CNBC|

#cost-of-living #digital-nomad #expat

business2 months ago•5 min saved

Near-retirees urged to rebalance as Iran conflict spurs market wobble

Investors nearing retirement shouldn’t panic over short-term volatility from the Iran conflict; instead, rebalance toward safer assets, ensure 2-5 years of living expenses in cash or short-term bonds, check for concentration risk in employer stock, and maintain enough equity exposure for growth, since bear markets often recover within about 13 months.

via CNBC|

#business #employer-stock-risk #liquidity

personal-finance2 months ago•21 min saved

Trump’s $1,000-a-year retirement boost: will it actually help workers?

Washington Post columnist Michelle Singletary argues that while Trump’s proposal to give millions of workers $1,000 a year to boost retirement savings sounds appealing, it may not reach the workers most in need and could fall short of solving the broader gaps in access to employer-sponsored retirement plans.

via The Washington Post|

#economy #government-programs #personal-finance

investing2 months ago•23 min saved

Five Ultra-High-Yield Stocks Could Yield About $5,500/Year From a $10k Start

A 24/7 Wall St. piece proposes placing $10,000 in each of five ultra-high-yield dividend stocks (ARCC, APC, EFC, STWD, TXO) to target roughly $5,500 in annual passive income, with yields from about 9.9% to 12.6% and Ellington Financial paying monthly. Results depend on future prices and dividends.

via 24/7 Wall St.|

#dividends #high-yield #investing

economic-policy3 months ago•18 min saved

Trump pitches a sweeping federal-style retirement plan for private workers

In his State of the Union address, Trump floated a major new federal-style retirement benefit for roughly 54 million private-sector workers, but the White House lacks the legal authority to enact it and experts are skeptical about the proposed legislation.

via The Washington Post|

#donald-trump #economic-policy #personal-finance

personal-finance3 months ago•36 min saved

Can $1 Million, Two Pensions, and Three Homes Support Early Retirement at 61?

A 61-year-old couple with $1 million saved, two lifetime pensions (about $14,000 a month) and three homes weighs whether they can retire early. With mortgages still decades from payoff, selling one property could unlock extra equity, but retirement feasibility hinges on current expenses, health costs until 65, taxes on withdrawals, and survivorship decisions. Market-win advisers say a fiduciary financial planner can help model timelines, optimize Social Security and Medicare, and craft a withdrawal plan to determine if retirement next year is realistic.

via MarketWatch|

#financial-advisers #pensions #personal-finance