The rules governing inherited IRAs have just undergone a major overhaul. The SECURE Act of 2019 and subsequent IRS regulations have significantly impacted how beneficiaries can access and manage inherited retirement funds.

The traditional notion of retirement is evolving, with many individuals opting for a combination of work and retirement. This shift has led to innovative approaches for accessing retirement funds. One such strategy is in-service withdrawals from a 401(k).

After decades of helping guide people through retirement, I’ve discovered that almost no one knows the exact return their investments must generate to last a lifetime. This isn’t a random figure; it’s the crucial rate that helps sustain your retirement lifestyle while accounting for inflation.

The decision to move to a continuing care retirement community (CCRC) is a significant life change that often requires careful consideration by both residents and their families. Beyond the emotional and lifestyle factors, understanding the financial implications is crucial.

Four key numbers can significantly impact your financial independence. We explored the first in our previous article. Today, we’ll delve into the remaining three: the duration of your retirement savings, the potential impact of inflation, and the total value of your investment accounts.

Many diligent savers reach a point of questioning their financial future – a stage we call the Paycheck Dependency Threshold. Doubts about retirement readiness, spending power, and investment management can lead to extended work years or stressful retirements. If this resonates, keep reading.

Volatile markets, persistent inflation, and geopolitical tensions have created a perfect storm of financial uncertainty. These challenges can be overwhelming, especially when planning for retirement. Now more than ever, seeking guidance from a financial advisor is crucial.

Many Americans grapple with navigating Social Security retirement benefits. But it’s not just about the individual; spouses also need to understand how these choices can impact them. Learn more about eligibility for spousal benefits, different benefit types, and the application process.

Financial independence is a highly personal concept, meaning different things to different people. It’s a journey to discover what brings joy and fulfillment into your life, whether that’s traveling, family, personal projects, or simply living life on your own terms.

After my recent car purchase, I realized how stressful the experience can be. To help navigate this process, I’ve outlined the pros and cons of buying vs. leasing a new car, taking into account key factors such as mileage, make, and model.

Susan, a 62-year-old corporate vice president, faces a critical decision. Recent health concerns have her questioning her planned retirement date. Can she afford to step away now, or will she need to work a few more years? The answer hinges on the value of her company holdings, which include Performance Stock Units and Restricted Stock Units, a stock compensation package common among executives.

With 2024 in full swing, many nearing retirement are reevaluating their careers. Whether driven by recent experiences or a yearning for new challenges, a fresh start can be invigorating. But for those close to retirement, a strategic approach is key.