Retired individuals frequently contemplate the amount they can withdraw from their portfolio while avoiding the risk of insufficient funds. In response to this issue, the 4% Rule is widely utilized in retirement planning. It calculates a secure annual withdrawal rate from a retirement portfolio to prevent its rapid depletion.
Wealth experts offer various rules of thumb about how much you need to save. Some suggest $1 million, others say 80-90% of your annual pre-retirement income, and others still say 12x your pre-retirement salary. But what is right for you? And how do you know you're on track?
Right-sizing is the process of selling your home to get into something that fits your lifestyle and better serves your needs. If you’re looking for a lifestyle change, the equity in your home can become a useful tool.
How has your retirement strategy changed over time? This article explains several types of retirement strategies, and explains several of the factors to consider as you plan for your golden years.
The Social Security Administration (SSA) officially announced that Social Security recipients will receive a 5.9 percent cost-of-living adjustment (COLA) for 2022.
Net worth is just one part of your financial picture, but it’s a good diagnostic to know. Learn more about how to calculate your net worth and why it matters.
Did you know people are Googling the word "Inflation" at a record-breaking rate? If the economic uncertainty of the past year has you scratching your head as well, here's what you need to know about inflation and your investments.
Throughout the pandemic, we spent more time than ever on our phones. Think it's time for a detox? Your bank account may thank you. Reset your spending habits with these 5 tips.
During retirement, your wealth needs to last for the rest of your life. Avoid paying more taxes than you need to by keeping these 4 tips in mind throughout the year.