Generally, if we’ve been in employment for many years and the retirement plan has been vested, we’re not going to forget about it. However, no matter how low the amount accumulated, it is money that belongs to us and to which we are entitled. When communicating with the company, we...
commit to it, and repeat. One common approach encourages would-be investors to participate in theiremployer-sponsored retirement savings plan. Another suggests entering personal information into aretirement planning calculatorto project how much money will be needed ...
It can be easy to divert the money you should be saving for retirement to other financial goals. Whether you become unemployed and need to pay the bills, or an unexpected expense arises, life can get in the way of your retirement savings goals. (By the way, these are all goodreasons wh...
And whether or not your TSP lasts your entire life is not up to the government. It is up to you! But here is a strategy to help you make sure your money will last and keep up with inflation. 4% Rule The 4% rule is a simple strategy to know how much you can withdraw every year...
If you retire before age 65, you’ll need to find how to get medical insurance until you are eligible for Medicare. You might qualify through a previous employer, professional group or your spouse’s health insurance plan (if they are still working). You can look at getting coverage through...
Many people who want to earn money in retirement turn to their hobbies as a jumping-off point for launching a small business. Here are some ways to make money in retirement by turning your hobby into a successful business. Mark Holtzman, retired sales manager turned aerial photographer. Source...
passive income, which means earning money with little or no effort. In retirement, it’s certainly possible to generate passive income with your investment portfolio. For example, if you want to invest $500,000 to create passive income, you can go about it in several ways, but give it som...
When it comes to planning the income required to meet all your expenses in retirement, one of the big factors to consider is your current income. In general, the more money you make, the smaller a percentage of your working income you may need to replace when you stop working. ...
Those who are just starting to save for retirement alsoneed to consider investment risk. Ask yourself: What’s the likelihood that I’m going to lose a substantial portion of my money? Novice savers and investors should be realistic aboutrisk. While any amount of savings is a good start, ...
If you live in a foreign country, you can also entrust a social insurance agency to send it to you through the post office or bank. If you have no relatives or others to go abroad to settle down, I request the social insurance agency to send the money to foreign countries, and the ...