The end of the year tends to be a popular time for people who are looking to retire to do so. For those fortunate enough to be able to choose between a monthly pension or taking a lump sum payment, the question they must ask is, “Which one do I choose?”
The Social Security Administration announced a 2.5% Cost of Living Adjustment for 2025, effective January 1, marking a modest boost compared to last year’s 3.2% increase. This increase may feel insufficient to many.
As people live longer and healthier lives, more individuals are choosing to continue working well past the traditional retirement age of 65. Sometimes, it’s by necessity—they need the money—and sometimes, it’s by choice. Which path is right for you?
Many seniors are carrying debt in retirement, representing a serious problem for some. Let’s discuss good debt vs. bad debt and how debt in retirement can impact one’s financial independence.
Millennials often get a bad rap. Yet despite their financial hurdles, new research shows they may be on track to surpass their elders when it comes to saving for retirement!
As you near retirement, you need to consider how your cash flow will change. Where you want to live is one of the most consequential decisions you may make. Should you age in place or downsize?
Think retirement is boring? Think again. Here’s what I learned after spending one week in Florida (and how it may impact my advice going forward).
Retirement changes your income – and your tax obligations. But retirement won’t eliminate your tax obligations. Learn who needs to make estimated tax payments in retirement, and some tips for avoiding it.
As many of us approach retirement, one of the key financial questions homeowners face is: should you pay off your mortgage before crossing into this exciting new phase of life? There’s no easy answer. You must consider many variables, weighing both financial and psychological factors.
The 4% rule is a popular retirement withdrawal strategy that suggests retirees can safely withdraw the amount equal to 4% of their savings during the year they retire and then adjust for inflation each subsequent year. Here’s how it works and why there are doubters.
Recent changes to RMD rules are confusing taxpayers. But there is some good news to celebrate, and changes to be aware of.
How much do you need to retire with confidence? Is there a magic number? Let’s explore how much is enough and how you can achieve your goals.