Tag: retirement planning
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Are Social Security Benefits Affected by Marriage?
Social security is one of the most common and reliable insurance benefits provided by the US government. Last year, close to a trillion dollars were distributed among 64 million Americans in the form of social security premiums. The cover not only provides financial help but also acts as an aid for disabled workers or families ... -
Pension Plans: Fancy Projections, Dangerous Outcomes
Over the years, many Americans have come to believe that a pension plan is a gold standard when it comes to retirement benefits. However, this may not be the case always, especially in today’s political environment. Earlier, the Washington Post reported that the current Republican administration under President Donald Trump is considering to reform the ... -
The Concept of Safety-First Retirement Planning
Safety delineates all aspects of life and hence, should be carefully reflected upon in your financial plans as well. Same is the case with the safety-first retirement planning. The approach is driven towards safeguarding your financial and economic life before considering post-retirement luxuries like travel, etc. In other words, it focuses on the essentials. Let’s ... -
Dealing With Uncertainty While Planning For Retirement
Uncertainty is an inevitable part of life and quite prevalent in retirement planning as well. Since life after retirement is in some ways, dependent on your past investments, the market condition and volatility can largely impact your decisions. There are many things that you cannot predict beforehand and no amount of planning can guarantee a ... -
Here’s Why Retirees Must Protect Themselves from Inflation
If you recall your childhood, you will realize how a couple of dollars of pocket money had a greater purchasing power back then than it has now. The cost of living has been increasing steeply over the years, with an average of around 3% every year in the last few decades. This may appear to ... -
A New Look at Stretch IRAs
An IRA – or an Independent Retirement Account – is an assuring way to save money through tax-deferred earnings. Depending on the plan you chose, an IRA can help you get a step closer to your intended savings strategy for retirement. Out of the many ways in which IRAs help us save money, the most ... -
How much will you need to retire?
Strategic planning, intellectual investing, and considerable savings give way to a happy retirement. When you leave your job, you are free to create your own schedule. You also gain the liberty to pursue your interests without having to worry about missing office and losing out on a salary. This is only possible if you ensure ... -
Mistakes People Make With Their Retirement Benefits
Not getting everything exactly right remains a common inevitability about retirement planning. One isn’t always very sure about how their needs and expenses may change in the future. The best thing they can do is guess and estimate. But because of the unpredictability of the future, forecasting retirement benefits can sometimes lead to mistakes rather ... -
Importance of Debugging Errors in Retirement Calculations
Regardless of your age or the profession you are in, retirement is bound to come knocking on your door someday. Experts say that the right time to start saving for retirement is the day you earn your first paycheck. Considering that most people start working in their 20s or 30s, it may seem like there’s ... -
Retirement Planning If You Started Late
There can be many reasons for starting to save late. Not everyone hits the jackpot and a stable job in their 20s or 30s. Some people are occupied with family duties, some struggle to pay off student debt, and some are just complacent. Regardless of the reason, the importance of retirement planning cannot be stressed ...