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Retirement Planning

All articles tagged with #retirement planning

Verstappen could stay with Red Bull as ambassador after F1 exit
sports11 days ago

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
Why Waiting Until 70 Often Maximizes Social Security
personal-finance26 days ago

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
Trading full-time work for a 16-hour week in Valencia
personal-finance26 days ago

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
Near-retirees urged to rebalance as Iran conflict spurs market wobble
business1 month ago

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
Can $1 Million, Two Pensions, and Three Homes Support Early Retirement at 61?
personal-finance2 months ago

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
Dave Ramsey’s Social Security Timing: Why 62 May Beat 70
personal-finance2 months ago

Dave Ramsey’s Social Security Timing: Why 62 May Beat 70

Dave Ramsey argues that claiming Social Security at 62 can build more wealth over a lifetime than waiting until 70, citing longevity risk and the value of investing early benefits. He notes that delaying to 70 only pays off if you live long enough to offset years without benefits, and for many retirees the opportunity cost of waiting or using other income sources could yield higher total retirement income. Ultimately, the best filing age is a personal decision based on health, savings, and goals.

via 24/7 Wall St.|
#investment-returns#longevity-risk#opportunity-cost