Investing money for the future is important. The earlier you start investing, and the more you invest at a young age, the easier it will be to build your desired nest egg. In fact, if you have enough ...
Tim and Maria are both 64. They've accumulated $875,000 in retirement savings. If they claim Social Security now, their ...
The average retiree collects $851 more per month at age 70 than at 62. Social Security benefits go a long way for millions of retirees, lifting around 16 million adults age 65 and older out of poverty ...
I am shifting from the 5% Rule to a 4% yield focus, blending income and growth for optimal long-term wealth building. Read more on the strategy here.
One rule of thumb is that you'll spend 70%-80% of what you spent before retirement during retirement. Using the 4% rule, you can calculate how much you need to save in total.
Depending on how much you've saved, you may have to pay federal taxes on your retirement income. About half of Social Security recipients pay taxes on their benefits, for example, according to data ...
Alessandra Malito is a retirement reporter based in New York. She holds the Chartered Retirement Planning Counselor™ and Chartered Financial Consultant® designations. You can follow her on Twitter ...