Who says you have to completely give up work when you retire? Once all your retirement planning comes to fruition, it can be a great time to relax, but it can also be a time to pursue retirement hobbies that make money to help supplement your retirement income. If you're looking for an activity, you could start with what you're passionate about and already know. Whether you enjoy beekeeping, professional gaming, fitness [...]

When planning for retirement, the truth is that the earlier you start saving and investing, the better off you'll be, thanks to the power of compound interest. And even if you began saving late or have yet to begin, it's important to know that you are not alone, and there are steps you can take to increase your retirement savings. "It's never too late to get started," says Debra Greenberg, [...]

While most workers are responsible for their own retirement savings these days, high schools don’t have required classes on 401(k)s and Individual Retirement Accounts (I.R.A.s). And colleges usually don’t teach anything about Roth I.R.A.s or 403(b)s. That’s where we come in. Here is what you need to know about saving for life after you stop working and getting on the path toward a comfortable retirement, no matter your career or [...]

The Internal Revenue Service’s official guidance on Covid-19-related 401(k) and Individual Retirement Account loans and distributions is out, and it expands the list of who can qualify for special tax relief. Newly eligible: those who’ve had a job offer rescinded or a job start date delayed due to the coronavirus. The CARES Act, the $2 trillion stimulus package passed in late March, opened the door to taking huge sums out [...]

Numerous studies—both past and current—report a looming shortfall of retirement savings for American workers who are approaching their retirement years. Some people call this a retirement savings “crisis,” whereas others characterize it as a serious retirement planning challenge. MORE FROM FORBESIs There Really A "Retirement Crisis"?By Steve Vernon Regardless of whether you call it a crisis or a challenge, there are steps we can take to improve Americans’ financial resources for [...]

A simple mindset shift, more bicycle riding, and other small adjustments to your daily routine can move your retirement date years or even decades earlier, personal finance and lifestyle blogger Pete Adeney (a.k.a Mr. Money Mustache) explained to The Motley Fool in an interview three years ago. Since then, his frugal methods have continued to rise in popularity, and his ideas have morphed into foundational bricks as part of a growing movement [...]