Retired Couple on the Beach

Searching for “retirement planning rules” produces 221 million results on Google. Yes, there’s a lot of advice out there. But even the most common tips can put you on the wrong path, leading to retirement planning mistakes. Here are some of the leading legends, and why they should be taken with a large helping of…

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old phone

When it comes to handling our money in retirement, there’s probably one number to keep in mind above all others. That number? Zero. For example, it’s the exact percentage of our savings we should be gambling on private companies, meaning those not traded on the stock market. And it’s the amount in round dollars that…

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retirement party

How long does it really pay to wait to claim Social Security? Getting these benefit questions wrong could cost you KEY POINTS You may have heard it pays to wait until age 70 to claim Social Security benefits. But if you delay claiming past then, you could actually lose money. That question and more tend…

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chess dollars

You’ve worked hard to build your retirement cushion, and now it’s time to enjoy it—but don’t use up that money too quickly. In a perfect world, we would all work for 30 years and retire with full confidence that our investments and retirement planning could support us at our current lifestyle until the day we die. In reality, planning…

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women walking

Stop focusing on the big, scary numbers As retirement risks go, it’s one of the more impossible to manage and mitigate. Or is it? For years now, firms in the financial services industry, as well as researchers, have been scaring preretirees into thinking they need an ungodly amount of money set aside at age 65…

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man reading

If your goal is to enjoy your retirement to the fullest, the last thing you’ll want is to spend your senior years pinching pennies. And if you manage to sock away a nice amount of money in a 401(k) or IRA, you won’t have to. Your savings, combined with your Social Security benefits, could make…

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retired couple yoga

After saving decades for their golden years, it turns out that retirement isn’t at all what people expected, according to a recent survey, with seniors wrestling with spending worries, forced retirement, and an identity crisis. “We expect retirement is going to be one thing and then when you actually get into retirement, as your priorities…

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pension, retire 401k eggs

Nobody will fault you for front-loading your retirement contributions, but be aware of the limitations. Your employer-sponsored retirement plan — for most, it’s a 401(k) — is one of your more important tools as a retirement saver. With a 401(k), 403(b), or 457 plan, you have the opportunity to contribute current income and take advantage of tax-deferred…

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bank bags

Running out of money is the No. 1 retirement fear — annuities could help COURTESY EVERETT COLLECTION Annuities are neither good nor bad.But you wouldn’t know that given how most people, including financial planners, react when the product is discussed as a potential part of a retirement plan. Such products, critics say, are nothing but…

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