If you’re hoping for a comfortable retirement, you may want to check in on your 401(k) to make sure it’s not underperforming. Learn More: 4 Retirement Expenses Boomers Didn’t Plan for — but Should Have For You: 6 Hybrid Vehicles To Stay Away From in Retirement Experts say the vast majority of employer-sponsored retirement accounts…
PeopleImages / Getty Images/iStockphoto For decades, retirement has been thought of as something workers do once they turn 65 or so. The Social Security Administration played a role in this, as it kept “full retirement age” at 65 for decades until it started inching higher to its current 67 for those born in 1960 or…
In a previous article about Roth conversions, an advisor wrote: “For many folks, a prime time for Roth conversions takes place during the years after retirement but before Social Security and RMDs kick in. Those can be relatively low-income years during which initiating a conversion can result in a triple benefit. Those benefits are: lower…
Can You Guess The Average Net Worth Of The ‘Above Average’ Married Couple? There’s a big difference between the “average” married couple and the “above-average” ones. While some are figuring out how to balance a budget, others plan early retirements, buy vacation homes and make their money work overtime. If average couples are cruising toward…
Elderly Homeowner A generation of homeowners face a retirement crisis as tens of thousands will end up paying off their mortgages after they give up work. Data from the Bank of England shows two in five home loans issued in the second quarter of last year will run past the age at which the owners retire….