decision of retirement including equity market returns, retirement status of spouse, and the type of retirement plan. As stated, an increase of one percent in the Standard and Poor's 500 index in any given year increases the probability of an individual to retire by 2.5 percent during that ...
The Social Security Administration (SSA) has been slowly increasing the full retirement age as life expectancy increases. Any age at which you start collecting before your "full retirement age" is considered "early retirement." The youngest age an individual can begin collecting Social Secu...
The rules forSIMPLE IRAsstate that employees who participate in this type oftax-deferredretirement account may not transfer funds to another retirement plan for two years after opening a SIMPLE account.1 What does this mean, though, if you leave the company within two years, but your new emplo...
"This may not be an option for someone within 10 years of retirement who cannot afford the impact of volatility," Featherngill said. Qualified retirement vehicles, such as individual retirement accounts and deferred annuities can help address that problem by allowing money to accumulate pretax. Re...
Ameriprise also surveyed those with less than $1 million in assets. Their top financial priorities were: Saving for retirement. Managing day-to-day living expenses. Increasing income. Paying down debt. READ: Can You Retire on $1 Million? Here’s How Far It Will Go. ...
By Roger Parloff Though no one would ever pigeonhole U.S. Supreme Court Justice David Souter as having been a pro-business judge, the announcement this month that he'll be stepping down in June has some top appellate advocates for the business community expressing some separation anxiety. ...
Tax-deferred: What does it mean? Since the introduction of theIndividual Retirement Account (IRA)in 1974, the U.S. government has passed legislation letting individuals contribute to tax-advantaged accounts. These accounts motivate people to save for their retirement, so they aren’t solely relian...
Retirement isn’t a blip on the life radar — it’s a significant chunk of time. While your parents may have retired and never worked another day in their lives, you may find that part-time work when you get older fulfills your mental needs and helps your retirement savings last. You...
When you move to a retirement community, you’ll also have more time to spend on your passions. How many times do you get sidetracked when you’re at home? You’re about to dig into a new book, but then you realize you forgot to do the dishes or mow the lawn. Or maybe you don...
Matters of personal finance include but aren't limited to the securing of financial products like credit cards, life and home insurance, mortgages, and retirement products. Personal banking products such as checking and savings accounts, individual retirement accounts (IRAs and 401(k) plans) are al...