The article offers advice on how to motivate people to save for their retirement and contributing to their 401(k) retirement plan. According to the author, the best way to motivate savings is by appealing to their ...
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...
“I am planning on leaving my part time job three and a half months after I turn 60 (Dec. 2023). I have not been eligible to receive the FERS Social Security Supplement after my first year of retirement due to my employment. Will I be eligible to have it reinstated? ...
In short, the only way to get a payout from a 401(k), pension or similar plan if you're not the worker is if you have a QDRO. However, QDROs need to be written in a certain way to be accepted. "The (retirement) plan administrator may have very specific rules," Stutman says. ...
I couldn’t have been further off the mark. After just a few weeks of retirement, anxiety slowly started creeping into my day. It was pleasant to be able to read the newspaper from front to back, which helped kill ...
If you’re nearing retirement, here’s some good news: 93% of retirees say that life is as good as or better than before they retired. Here’s how to take your retirement from good to great: Retirement doesn’t mean you have to g...
If you’re nearing retirement, here’s some good news: 93% of retirees say that life is as good as or better than before they retired. Here’s how to take your retirement from good to great: Retirement doesn’t mean you have to give up work if you don’t want to. In fact, ret...
Check your retirement benefits. Take advantage of last-minute benefits at work. Consider rolling over your 401(k) to an IRA. Make a financial plan. Decide what to do next. Decide When to Start Social Security You're eligible to claimSocial Securitypayments beginning at age 62. However, you...
“Retirement was a 20th-century invention, but it’s kind of gotten out of control,” says John Shoven, an economist at Stanford University. “If you go back to 1900, most men worked until they couldn’t work anymore and died a few years later. Now, you can spend 40% of your adult...
work.Retirement has always meant freedom.It has meant rest,relaxation and the chance to pursue dreams and ambitions that you don’t have time to fulfill when you work.Retirement,after all,is the period when those of us who have worked a lifetime finally have a chance to relax and do ...