Do the math, figure out whether you’re on track, and decide what to do next–everything from changing needs or retirement income to working a few more years. Start by understanding your ...

American workers have no shortage of options for selecting the best retirement plan. Most people are eligible for more than one retirement plan. 2024 retirement plans generally offer tax advantages.

Should I continue to put money into my retirement account, put it in CDs, or just spend it? I do not have to take an RMD until 73 and my husband’s RMD is minimal. We both receive pensions.

Our retirement calculator uses the information you have now to see where you’ll be when you retire. That way, you can see if ...

Experts recommend saving 10% to 15% of your income each year, but understanding how much money you need for retirement will require more personalized planning. Many, or all, of the products ...

Explore defined contribution plans such as 401(k)s, individual plans, such as Roth and traditional IRAs, plus plans for self-employed people, such as SEP and SIMPLE IRAs. Many, or all, of the ...

Requires a $3,000 minimum investment. Vanguard’s target-date fund for those already retired is the Vanguard Target Retirement Income Fund (VTINX), which features a bond-heavy strategy designed ...

Unlike a pension, a 401(k) provides no guarantee that workers will have a specific level of income in retirement. When you're ready to retire, you'll want more than Social Security to pay the bills.

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.

Recessions happen. When you are accumulating wealth, recessions can be helpful, but in retirement they are not. Recessions generally highlight and bring about the realities of downside risk.

After all, taxes don’t stop once you leave the workforce, and high-tax states can drain retirement savings faster than states with lower taxes. Additionally, overall tax burdens can vary ...

She is a graduate of the University of Florida. Saving for retirement can feel impossible when you're living paycheck to paycheck. But if you're struggling to put money away for the future ...