This story originally appeared on NewRetirement. You want to know how to retire. Figuring out the answer to this question can feel overwhelming and sometimes impossible, especially if you are already in your 50s or 60s. Maybe it has been hard just making ends meet month after month, and now you are faced with creating a plan for the next 20 or 30 years of your life.

How much do you need to retire comfortably? It?s a question in the mind of every American saving for retirement. Unfortunately, there?s not a one-size-fits-all answer. There are several rules of thumb to help you figure out how much to save to retire. But the exact dollar amount you need will depend on a variety of factors ? especially where you plan to live in retirement. That?s because the cost of [...]

You deserve to enjoy retirement without worrying about running out of money. The only way to make that happen is with smart financial decisions starting early in your life. Most people can make a few simple money moves that should leave them with plenty of money to enjoy retirement. Here are three habits to embrace early on that will make all the difference to your financial security in your later years.

Picture this: You're taking a long vacation. You have some money saved up, but you're not really sure how you'll pass the time or how much you'll spend, or even how long you'll be there. You're just hoping you have enough money to last. Sounds ridiculous, right? Yet people do this with their retirement all the time. There's a simple way to fix that. Get out a pen and paper [...]

Nearly half of workers have less than $25,000 saved for retirement, according to a report from the Employee Benefit Research Institute, and of those workers, more than one-quarter have less than $1,000 stashed away. Whether you're nearing retirement or your senior years are decades away, it's important to be setting aside at least some money now to prepare. That can feel nearly impossible when money is tight, but these three [...]

The global pandemic has created shock waves in our markets and economies this year, and it has been hard to wrap our heads around exactly what it means for our financial well-being. Very few of us predicted back in February that we would be facing a renewed lockdown at Thanksgiving, or that we wouldn’t be able to travel to see our families during the holiday season. Many Americans are still [...]