| | Personal Finance | | | | | | | Current retirees are generally in good shape, but that could change. Younger generations will need to rely more on personal savings, and many aren't ready. | | | | Personal Finance | | | | | | | Most older workers nearing retirement have less than $250,000 socked away -- which means they have some catching up to do. | | | | columnist | | | | | | | According to the IRS, the year you turn 70½ is when you must begin withdrawing funds from a retirement account, even if you don’t need the money yet. | | | | careers | | | | | | | Unemployment rate for ages 55 and over was 3.2% in February. That's lower than the overall unemployment rate of 4.1% and 14.4% rate for teens. Many Boomers want to work because they fear they don't have enough money for retirement. | | | | Personal Finance | | | | | | | Retirement saving benchmarks can put your portfolio’s value in perspective. By age 50 an individual should have six times their salary saved. That’s $420,000 for someone earning $70,000 a year. | | | | Personal Finance | | | | | | | Filing for benefits at 62 will cause your monthly payments to go down -- but that's a worthwhile sacrifice in these three scenarios. | | | | Personal Finance | | | | | | | If you want money advice you can trust, your best bet is to hire a fee-only financial planner. The trick is finding a planner who's willing to be hired for a reasonable fee. | | | | Personal Finance | | | | | | | What excuses will we think of next? | | | | Personal Finance | | | | | | | Which is best for you: a Roth 401(k) or a Roth IRA? We’ve created a chart for you to compare. | | |
|
No comments:
Post a Comment