If you retired in your 40s, how much money would you need to live comfortably for the rest of your life? That's one of the questions at the heart of the FIRE (financial independence, retire early) movement. Financial independence, at least for many online communities, is defined as having...
Most Americans haven't eventried to figure out how much money they'll needin retirement, and that could help explain why so many arenot preparedfor their future. As noted on theTony Robbins blog, "you can't reach your financial dreams unless you know precisely how much it will take...
The article explains that people can visit the publication's website to find a tool that will help them plan their retirement. The web site will ask questions about finances and will provide an est...
During the working years, you may have felt like you were carrying out important tasks or meaningful work. Knowing your purpose is often just as important in retirement. “The real danger is for those that think they will figure this out during retirement,” Ross says. “I have seen transit...
Certain conditions of your Social Security benefits may depend on the country where you’ll be living. “The SSA has a Payments Abroad Screening Tool to help figure out your Social Security status abroad,” said Martha Shedden, president and cofounder of the National Association of Registered So...
How much money will you need to retire? When clients ask Dan Tobias, CEO and certified financial planner at Passport Wealth Management in the Charlotte, North Carolina area, how much they’ll need to retire, he’s quick to redirect the question by asking what retirement looks like for them...
“That’s why it’s important to think about retirement in a way that gets us to a strong financial plan as well as emotional preparedness.” Trying to figure out when you can retire? The questions below can help you get a handle on the timing that works for both your finances and ...
Learning how to estimate your retirement expenses can help you figure out what you’ll need income-wise, but that will only get you so far. You still need to act to ensure you’re saving enough. Thanks tocompound interest—when your interest starts earning interest of its own—the sooner ...
If you want to retire before age 60, keep in mind that, with some exceptions, you’re not eligible to take funds out of a retirement account without penalty until age 59½, notes Viktorin. (The IRS does allow some distributions called substantially equal periodic payments, aka 72(t) dis...
How to Retire Happy - Retirement With a Difference! The How to Retire Happy Website covers retirement planning topics such as Top-10 Reasons to Retire Early, Signs You Are Enjoying Retirement, How NOT to Retire Happy, and Letters & Reviews about The Worl