Retirement Planning

The pandemic has put a dent in many people’s financial lives, affecting their ability to save and stash away cash for retirement. Add the fact that more Americans are living longer, and the prospect of financial security in retirement for many is falling short. But if you’re concerned about running out of money in retirement,…

There are many changes in store for retirees in 2021. Under the Biden administration, we might see an increase in individual tax rates and other key tax policy changes that could have a direct impact on your retirement portfolio in years to come. We are also expecting to see increased stimulus measures as we continue…

Fear can keep you from getting the most out of retirement Many U.S. households retire without enough money to maintain their pre-retirement standard of living. Once retired, though, people often reduce their spending enough to make their money last, according to a recent study by David Blanchett, head of retirement research at Morningstar, MORN, +0.54% and Warren Cormier,…

Americans are under-saving for their retirement, according to PwC’s Retirement in America report. One in 4 Americans have no retirement savings and those who are saving aren’t saving enough, PwC U.S. Asset Manager and Wealth Management Leader Bernadette Geis told Yahoo Money. “Those that are [saving], on average, what they have saved will afford them like…

Retirement savings accounts are governed by well-known rules on everything from income eligibility to contribution levels to the timing and size of withdrawals. But there are a number of financial-planning opportunities these accounts offer that often get overlooked because holders worry about taxes and penalties. While savers should be cautious about provisions that allow them…