What financial facts should you consider as you retire? What monetary realities might you need to acknowledge as your retirement progresses from one phase to the next? The reality of retirement may surprise you.
An HSA can potentially offer them: a pool of tax-exempt dollars for health care, a path to tax savings, even a possible source of retirement income after age 65. You may want to look at this option yourself.
As you approach retirement, it may be time to pay more attention to investment risk. Rebalancing your portfolio with your time horizon in mind is only practical. “Playing defense” with your invested assets should be a priority.
Although your retirement benefits may be taxed, more retirement income is decidedly better than less – and a key part of retirement planning is estimating both your retirement income need and your retirement income potential.
You have a chance to manage your money better than previous generations have. Some crucial financial steps may help you do just that. Avoid the money pitfalls of past generations and take these financial lessons to heart.
The Roth IRA changed the whole retirement savings perspective. Since its introduction, it has become a fixture in many retirement planning strategies. Here is a closer look at the trade-off you make when you open and contribute to a Roth IRA – a trade-off many savers a...