Category: retirement
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I Earn Over $300k but Only Have $546k in Retirement Savings. How Can I Save More While Also Supporting My Family?
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Financial Adviser and Column writer Michel Kagan Smartasset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I am 48 years old. I achieved $ 310,000 last year and I currently have $ 546,000 in my retirement plan at work. My husband suffers from…
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How to Use Buffered ETF Strategies for Retirement Planning
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An investor is looking at how to use ETF stored stored for its pension portfolio. Smartasset and Yahoo Finance LLC may earn commission or revenue through links in the content below. ETFS stored is an investment option for the latest designer to reduce risk in retirement portfolios. They protect from…
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Retirement expert details the ‘highest single correlation’ to success
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Listen and subscribe to the decoder on Apple Podcast, SpotifyOr wherever you find your favorite podcasts. The key to a successful transition into retirement lies in many tactics, and preparation — both financial and nonfinancial — is among the most important, according to one expert. “The single highest correlation to…
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What’s a Realistic Retirement Budget? I’m 48 With $430k Saved, Making $95,000 Annually
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SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. When it comes to estimating your retirement income, a common rule of thumb is that you’ll typically need about 80% of your work income to maintain the same standard of living. This comes from…
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Why traditional retirement accounts have become the worst asset for estate planning
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Listen and subscribe to the decoder on Apple Podcast, SpotifyOr wherever you find your favorite podcasts. Those saving for retirement have long viewed traditional individual retirement accounts (IRAs) as the ultimate savings vehicle, offering pre-tax savings, tax-free growth, and a sweet deal for beneficiaries of inherited IRAs. However, people should…
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Should I Sacrifice Retirement Funds to Eliminate $240K in Debt?
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With stocks and bonds declining, should I use retirement assets, such as a Simplified Employee Pension Plan (SEP) IRA, Roth, or annuity, to pay off credit card debt? My stocks are down 15% to 20%, and my annuity is the only investment in a positive direction. I just turned 59…
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Should I Sacrifice Retirement Funds to Eliminate $240K in Debt?
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With stocks and bonds declining, should I use retirement assets, such as a Simplified Employee Pension Plan (SEP) IRA, Roth, or annuity, to pay off credit card debt? My stocks are down 15% to 20%, and my annuity is the only investment in a positive direction. I just turned 59…
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How to overcome the ‘financial vortex’ to save for retirement
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Listen and subscribe to the decoder on Apple Podcast, SpotifyOr wherever you find your favorite podcasts. For many Americans, retirement planning often seems unrealistic. Instead of focusing on the future, many are preoccupied with the what Chris Sider is a senior retirement strategist at Goldman Sachs Asset Managementreferred to as…
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1,200 baby boomers told us what they regret about investing for retirement
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Millions of Americans facing retirement worry that they will never be there Financially prepared – Or fear that they will have to work forever. Some of them already exist. Finances and retirement were top topics in nearly 1,200 responses Business Insider received from Americans ages 48 to 90 who filled…
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1,200 baby boomers told us what they regret about investing for retirement
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Millions of Americans facing retirement worry that they will never be there Financially prepared – Or fear that they will have to work forever. Some of them already exist. Finances and retirement were top topics in nearly 1,200 responses Business Insider received from Americans ages 48 to 90 who filled…
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We’re 70 With $1.4M in an IRA and $99k in Retirement Income. Is a Roth Conversion Still an Option?
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Stephen Jarvis, CPA My wife and I are 70 years old. We paid for everything, including the house. Between my $29,000 pension and Social Security, we get a gross income of $99,000 a year, which is more than enough. Our current savings in our brokerage account is $700,000. Our individual…
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We’re 70 With $1.4M in an IRA and $99k in Retirement Income. Is a Roth Conversion Still an Option?
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Stephen Jarvis, CPA My wife and I are 70 years old. We paid for everything, including the house. Between my $29,000 pension and Social Security, we get a gross income of $99,000 a year, which is more than enough. Our current savings in our brokerage account is $700,000. Our individual…
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How to transition from saving for retirement to living
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You’ve been a diligent saver for decades, and the moment you’ve been preparing for has finally arrived: retirement. But as you stand on the threshold of this new chapter, you may find yourself facing an unexpected challenge: going from saving for retirement to actually living in it. This transformation is…
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How to transition from saving for retirement to living
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You’ve been a diligent saver for decades, and the moment you’ve been preparing for has finally arrived: retirement. But as you stand on the threshold of this new chapter, you may find yourself facing an unexpected challenge: going from saving for retirement to actually living in it. This transformation is…
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How do I invest my Sh2m for comfortable retirement?
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My name is Ambrose. I am 57 years old, have three adult daughters and three sons, and a grandfather of four. I am single. My wife moved to the Democratic Republic of the Congo in 2004, leaving the then young children in my care. Her existence is questionable as there…
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New Yorkers React To Retirement Numbers, Exclaiming ‘Who Could Save That Much?’
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New Yorkers React to Retirement Numbers, Asking ‘Who Can Save That Much?’ In a recent discussion about retirement savings with Vox, Labor economist Teresa Ghilarducci She set some strict criteria: By age 30, you should have saved twice your annual salary; by age 40, you should have saved two and…
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Ovarian insufficiency: When ovaries take an early retirement
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Female reproductive capacity depends on the complex and well-designed developmental maturation of the ovaries at puberty. It is defined as the period in which secondary sexual characteristics are observed including breast development, growth of pubic and armpit hair, and the onset of menstruation. This process is characterized by cyclic hormonal…