What should I do in the 5 years before retirement? If you haven’t been tracking all this already, this is the time to calculate how much money you will need and how much income you can expect to ...

Should I continue to put money into my retirement account, put it in CDs, or just spend it? I do not have to take an RMD until 73 and my husband’s RMD is minimal. We both receive pensions.

Experts recommend saving 10% to 15% of your income each year, but understanding how much money you need for retirement will require more personalized planning. Many, or all, of the products ...

Our opinions are always our own. Saving for retirement can feel intimidating and overwhelming. How much do you really need to retire? How do you know when you've saved enough? Business Insider's ...

American workers have no shortage of options for selecting the best retirement plan. Most people are eligible for more than one retirement plan. 2024 retirement plans generally offer tax advantages.

Unlike a pension, a 401(k) provides no guarantee that workers will have a specific level of income in retirement. When you're ready to retire, you'll want more than Social Security to pay the bills.

Aim to replace 80% of pre-retirement income for a comfortable lifestyle post-retirement. Consider Social Security and pensions as part of your income sources, not just savings. Use the 4% rule to ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.

Recessions happen. When you are accumulating wealth, recessions can be helpful, but in retirement they are not. Recessions generally highlight and bring about the realities of downside risk.

After all, taxes don’t stop once you leave the workforce, and high-tax states can drain retirement savings faster than states with lower taxes. Additionally, overall tax burdens can vary ...

Our retirement calculator uses the information you have now to see where you’ll be when you retire. That way, you can see if ...