Recently, when a family member died suddenly, I saw financial chaos up close: his wife couldn’t access certain accounts, didn’t have login or banking information, and didn’t even know what credit cards or bills he had. The grieving widow could have been spared the hassle and added stress of finding and accessing her late husband’s … Read more
Recently, when a family member died suddenly, I saw financial chaos up close: his wife couldn’t access certain accounts, didn’t have login or banking information, and didn’t even know what credit cards or bills he had. The grieving widow could have been spared the hassle and added stress of finding and accessing her late husband’s … Read more
Question: My husband and I are trying to figure out if we need a financial advisor. He’s retired and I’ve been a stay-at-home spouse since 2005. His 401(k) is still with his employer, even though he’s retired. We don’t need it to meet our monthly obligations. We would like the 401(k) to grow. However, the … Read more
The HRS surveys a nationally representative sample of older adults every two years, allowing researchers to rely on “waves” of responses rather than a one-time snapshot, says Seiter. He and Slavov collected nearly 14,200 responses from 5,087 seniors about what they expected to get from Social Security at their expected age and, once they filed, … Read more
I am try to get outside advice on the possibility of retiring in the next 5 For 7 years. I amI have to work until I’m 59.5 to be able to start using the retirement funds. We have about $1.4 million in 401(k) and Roth accounts, $30,000 in stock, a rental house we owe $245,000 … Read more
Potentially, thousands of state businesses have yet to comply with the rules of a new public retirement savings program. And a key deadline is just a week away. All businesses in the state with five or more employees that do not offer a qualified savings program must register for something called MyCTSavings by March 30. … Read more
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Jamie Grill | Getty Images More from The New Road to Retirement: Here is an overview of retirement news. More than half of savers prioritize short-term financial goals in 2023, including emergency savings, according to recent research by Fidelity Investments. And a recent Personal Capital survey revealed that building an emergency fund is a top … Read more
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When your budget is tight, it can be difficult to choose between retirement savings and your emergency fund, especially during uncertain economic times. Although the 401(k) contribution limit has jumped to $22,500 for 2023, experts say you shouldn’t forego emergency savings to maximize your plan. Jamie Grill | Getty Images More from The New Road … Read more
Gautam Kalia, SVP and Head Super Investor at Sharekhan by BNP Paribas The allocation of post-retirement retirement capital is as important as saving for retirement. The 30:30:30:10 rule can be a good way to allocate retirement corpus. From the total retirement corpus, the first 30% is for the children as inheritance and the investor can … Read more
Getty Images/iStockphoto Question: My husband and I are trying to figure out if we need a financial advisor. He’s retired and I’ve been a stay-at-home spouse since 2005. His 401(k) is still with his employer, even though he’s retired. We don’t need it to meet our monthly obligations. We would like the 401(k) to grow. … Read more