Are you sitting on a nest egg of $700,000 and wondering if it’s enough to hang up your work boots for good? You’re not alone. This question keeps many Americans up at night as they approach their golden years. Let me take you through a detailed breakdown of whether $700K is enough for your retirement … Read more
Do you want to avoid paying taxes on the money you take out in retirement? With a Roth IRA, you can make that dream come true, but only if you know the rules. As someone who has spent a lot of time researching retirement options for clients, I can tell you that knowing about “qualified … Read more
Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Heres an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy. Bankrate logo. Founded in 1976, Bankrate has a long track record of helping people make smart financial … Read more
Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Heres an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy. Bankrate logo. Founded in 1976, Bankrate has a long track record of helping people make smart financial … Read more
Ever found yourself staring at your retirement account balance and wondering, “Is this enough?” You’re not alone. I’ve spent countless nights crunching numbers and worrying if my nest egg will keep me comfy through my golden years. The truth is figuring out how much you need monthly to retire comfortably can feel like solving a … Read more
Is $1 Million Really Enough for Retirement in 2025? Everyone wants to reach the magical $1 million mark in their retirement accounts. But the real question is: how much money will $1 million bring in when you’re ready to relax and enjoy your golden years? I’ve worked with a lot of clients who reached this … Read more
Understanding the Tax Implications of Your LGPS Retirement Benefits So you’ve been diligently contributing to your Local Government Pension Scheme (LGPS) for years, and now you’re wondering about the tax situation when it’s time to cash in on those hard-earned benefits I totally get it – nobody likes surprises when it comes to taxes, especially … Read more
As part of the Coronavirus Response and Relief Supplemental Appropriations Act, which was just signed into law, the IRS said they have started sending a second round of stimulus payments to people who are eligible. Here are answers to some of the top questions you may have about the second stimulus checks. For information on … Read more
More than 71 million Americans will see a 3. 2% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2024. On average, Social Security retirement benefits will increase by more than $50 per month starting in January. The Consumer Price Index (CPI-W) from the Department of Labor shows that federal benefit … Read more
Social Security benefits are a crucial part of the retirement income for millions of Americans. If you don’t have enough Social Security credits to get benefits on your own work record or your own benefit is small, you may be able to receive benefits as a spouse. Your spouse must be receiving benefits for you … Read more