The 1 Reason a Roth IRA Is Really the Best Place for Your Savings

For the average earner, Social Security will replace about 40% of their former paycheck. But you’ll need about twice that if you want to maintain the lifestyle you’re used to. In this article, Motley Fool discusses why a Roth IRA may be a good savings plan.   Enjoy this complimentary download: By submitting your contact…

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The 90/10 Rule – Warren Buffett – #1 Money Savings Tip for Retirees

What is billionaire investor Warren Buffet’s #1 saving tip for retirees? Consistently buying an S&P 500 low-cost index fund. Due breaks down the 90/10 rule in this article.   Enjoy this complimentary download: By submitting your contact information, you consent to be contacted regarding retirement income strategies that utilize investments and insurance products. Source Article:…

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Retirees: Go Ahead and Spend More in the Go-Go Years

To have a happy, successful retirement, you need to do more than maximize your return on investment, you need to maximize your return on time. We all know money is a valuable resource, but do you know what is more valuable than money? Time. Retirement should be about enjoying the time you have, not worrying…

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5 Retirement Account Changes for 2022 You Should Know

Worried about retirement savings? Find out how five beneficial IRS tax adjustments for 2022 will help you save more money for retirement and create a stronger financial future. Wondering how 2022 tax adjustments could impact your retirement? This article may have what you’re looking for as they showcase a list of 5 retirement account changes…

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8 Signs You Need to Fatten Your Emergency Savings

Did you know that nearly three times as many Americans report having less in emergency savings than they did before the COVID-19 pandemic? That’s according to a new survey from personal finance site Bankrate. The same survey found that only 16% of respondents are “very comfortable” with the amount they have in emergency savings while…

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How Much Emergency Savings Do Retirees Need?

happy retired couple

While it doesn’t influence our opinions of products, we may receive compensation from partners whose offers appear here. We’re on your side, always. See our full advertiser disclosure.   No matter your age, it’s wise to have money in a savings account for unplanned expenses. In fact, most people are advised to sock away enough…

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Is it Time to Pare Back Withdrawal Rates in Retirement?

piggie bank and calculator

What are the right withdrawal strategies in today’s low yield environment? The fact that many investors feel stocks are richly valued and predict lower returns ahead complicates the matter. The 4% rule, a popular theory, says one can safely spend down 4% of their portfolio annually, increasing each year with inflation, during one’s retirement. While…

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Every state offers a different 529 plan—here’s how to pick the best one for you

529 college plans

May 29 is nationally recognized at 529 College Savings Day, a day (mostly celebrated by a niche group of higher education experts and personal finance enthusiasts) to draw attention to the tax-advantaged savings plans offered by all 50 states and the District of Columbia. First created in 1996, 529 plans are state-sponsored investment accounts that savers…

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Debunking the myths about 529 college savings plans

talking about financial aid

Even though they’ve been around for decades, 529 college savings plans are still often misunderstood. The investment vehicles are a tax-advantaged way to save for college or other schooling. Earnings are free from federal tax and the funds aren’t taxed when taken out to pay for qualified expenses. Yet only 36% of Americans can correctly…

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