Ever think about how long you’ll have to work before you can finally retire and enjoy your golden years? If you’re like most Americans, you probably think you’ll work until 65 or even 70. But the truth might surprise you! As someone who’s spent years researching retirement trends (and worrying about my own retirement timeline) … Read more
Cash advance apps can provide quick funds in an emergency, but may come with high fees. J. R. she has been a professional writer for 17 years and has won three Florida Press Club Excellence in Journalism awards. For the past seven years, she has edited and written about personal finance. His work has appeared … Read more
Once you hit a certain age, you may start thinking about having enough savings for retirement. You may think more about it when you hit milestone decades, such as when you turn 40. For many, this decade is marked by growing families (and the accompanying college funds) and a mortgage. Dont forget the regular bills … Read more
If youre retiring and you qualify for Social Securitys maximum benefit, you could pocket $3,895 per month in Social Security income in 2021. Youll only collect that much money if you begin receiving benefits at 70 years or older, though. The maximum amount you can collect this year if you file at age 62 is … Read more
The impact of saving more, spending less later and benefiting from an extra year or more of compounding can be truly staggering. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. As a financial planner, I believe in the efficacy of financial planning. One of the … Read more
Are you afraid that taking money out of your 401(k) will lower your Social Security checks? I have good news for you! Taking money out of your 401(k) won’t directly lower your monthly Social Security benefit amount, but there is a catch you need to know about for taxes Over the years I’ve spent helping … Read more
So you’ve lost your spouse, and among all the grief and paperwork, there’s this Roth IRA account sitting there. What now? I know it’s overwhelming to deal with financial matters during such a difficult time, but understanding your options for an inherited Roth IRA can actually help secure your financial future. You have special rights … 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
Life can be full of curveballs, which can force your long-term financial goals, like retirement savings, to take a backseat. If this sounds like you, youre not alone. In fact, the Thrift Savings Survey on Retirement Readiness found that almost 24% of people who are close to retirement have done little to no planning for … Read more
It’s the retirement savings conundrum: choosing which account type youll use to save for your future. If you’re weighing whether to pick an IRA vs. a 401(k), you have 2 strong choices. (But spoiler alert: The answer may be both!). Here’s what you need to know about the similarities and differences between 401(k)s and IRAs—plus … Read more