What Makes a Successful Retirement? Studies Paint a New Picture of How Retirees Spend Time and MoneyFinke, Michael
The agate capital of the world is located in ... How Jesse James indirectly helped put a Minne... Family's house decorated with rocks collected... The rock house of Arco, Minnesota Why Minneapolis is home to the Spoon and Cher... How the Miracle of Birth Center at the state ... Le...
With minimal limitations on vacation time in retirement, it’s possible to get out and explore both domestically and internationally. With the flexibility to take extended leave, retirees can even enjoy trips dedicated to a specific hobby or pastime, such as golfing, shopping, biking, attending sp...
How to make money in retirement Retiring from your career doesn’t mean the end of your earning potential. In fact, it can be time to pursue a money-making passion. If you have worked most of your adult life, you’ve likely built significant business skills and career-related knowledge....
4 ways to ensure you have enough money in retirement Approaching retirement and have a target date in mind? Here are some ways you can increase your retirement savings and start looking forward to your years of financial security. Crunch the numbers Use tax-advantaged retirement savings accounts...
However, you also have to consider the opportunity cost of taking that money out of your account, potentially for years (by the time you make additional contributions to cover your withdrawal). 13. Take a 401k Loan You can also borrow fromemployer-sponsored 401ksto fund your down payment. ...
If you are lucky enough to get a raise at work, you might consider directing the extra money directly into your retirement savings account. You have been living off your previous salary, so you won’t be any worse off now if those funds go into savings instead of getting spent. You’ve...
Any wiggle room you have here comes from the money available for wants or from saving on your necessities, not your emergency fund and retirement savings. Priority No. 7 is you. Congratulations! You’re in a great position — a really great position — if you’ve built an emergency fund,...
If your employer allows it, it’s possible to get money out of a401(k) planbefore age 59½. Taking that route is not always advisable, though, as early withdrawals deplete retirement savings permanently and, minus a few exceptions, carry a 10% penalty and a substantial income tax bill....
Lessen your exposure to riskier holdings likesmall-capstocks as you get closer to retirement. These securities tend to be more volatile than high-grade bonds ormoney market funds, so they can put investors in a bigger hole when the economy goes south. Older adults, unlike younger workers, sim...