The ideal retirement means different things to different people. Some envision themselves living in a peaceful cottage in the countryside, some dream about travelling the world and visiting all the places they didn’t get the chance to visit in their youth, others would very much enjoy spending more time with their families and so on. No matter how you’d like to spend your retirement, the ultimate goal is to enjoy [...]

For millions of retirement savers, the pandemic was a gut punch. There was the jarring stock market drop in March 2020, then millions lost their jobs, health insurance and ability to fund their savings. The pandemic stymied adults who hadn’t started saving for retirement, the number of workers taking withdrawals from their 401(k)s last year jumped, and some companies cut their 401(k) matching contributions. John F. Wasik, a writer for The [...]

Reaching age 50 is a milestone that most of us celebrate. Still, after you’ve blown out the candles and bid farewell to your guests, you may have a headache from too much champagne, but otherwise feel the same as before. Wake up! This is the time to reassess and make sure that your financial plan is in order. If you push it off until later, you may make serious mistakes that will [...]

An individual retirement account, or IRA, is a powerful savings tool for retirement. But there are a few tricks you might not know to make the most of your retirement savings account. Here are four unexpected ways to level up your IRA. 1. Get paid to contribute If you're struggling to contribute to your IRA, the federal government wants to help you out. You can receive a tax credit just for [...]

Many of us work and save our entire careers in hopes of achieving a relaxing, comfortable life during retirement. However, the actual process of transitioning into retirement can bring about stress and worry. It doesn’t have to be that way — being prepared can ease you into this new stage of life and help you get ready for any upcoming changes. Having goals for retirement and tracking your progress toward [...]

You hit a lot of milestone birthdays when you’re young. There’s your first birthday, of course, and also the one where you turn 10 (finally, double digits!). At 13, you’re a teenager. At 16, you’re probably thinking about driving. At 18, you can vote; at 21, you can get into bars. You hit a bunch of milestones later in life as well, and many of them have to do with retirement. [...]