It won’t come as any surprise to learn that millions of Americans are trying to put money away for retirement, with varying ...
When it comes to estimating your retirement income, a popular rule of thumb is that you'll usually need about 80% of your ...
From one perspective, by age 67 your retirement budget is largely set in stone. The accumulation phase of your working life is over, and whatever set of savings and benefits that you have is… well, ...
Unfortunately, what you actually need will only be known with the passage of time. The exact number relies, of course, on ...
In order to ensure that benefits keep up with inflation, the Social Security Administration (SSA) typically makes a cost of living adjustment (COLA) each year. For 2025, the SSA has delivered a 2.5% ...
That’s why keeping a detailed retirement budget is important, so you can see exactly where your money is going and how your costs are changing from year to year. Here’s a look at the COLA ...
A big chunk of my income later in life is already spoken for, forcing me to think about the two biggest expenses I can ...
Braun is also pushing to phase out the state's tax on retirement income over the next four years. That tax rate is a little ...
The 80% rule of retirement planning promises to keep you living in the manner to which you are accustomed after you've given ...
But for many households, your finances at a retirement will set your budget. For example, let's take an individual with $900,000 in their 401(k), $200,000 in a savings account and $2,400 per month ...
With $430,000 in a 401(k), what kind of retirement budget should you plan for? Here's how to think about it. You can also consider using this free tool to match with a financial advisor to discuss ...
Your retirement savings won’t go far if you’re buying Cadillacs on a Chevrolet budget. But financial advisors have a range of rules to help gauge how much you need for retirement. Here are ...