Practical steps to protect your retirement savings when markets decline

Learn how pausing retirement contributions can affect long-term savings, employer matches, and retirement outcomes. The article also explains how to test lower contributions before making a change.

How to tell when your retirement plan gives you room to spend, give, retire earlier, or enjoy more flexibility

This article explains how to interpret a retirement plan’s Monte Carlo probability of success. A 90% success probability can represent a strong plan, but the number should not be treated like a simple grade.

The widow’s penalty can seriously affect a surviving spouse’s retirement plan. It is not a separate tax, but a financial disadvantage that can occur when one spouse dies and the survivor has less household income while facing less favorable tax and Medicare rules.

Long-term care is one of the hardest retirement expenses to plan for because the timing, duration, and type of care are uncertain. Care may include help at home, assisted living, memory care, or nursing-facility care, and not everyone will need the same level of support.

Roth conversion planning is not just about deciding whether to convert. It is about finding the right timing, annual conversion amounts, and overall objective.

Higher inflation combined with market volatility can create additional pressure on retirement portfolios.

A strong retirement plan doesn’t just focus on total wealth. It accounts for timing, taxes, and healthcare costs together.

Retirement risk is driven more by when you retire than by your average investment return.

With Social Security’s future uncertain, individuals should take steps now to build financial security.

Older adults can boost financial stability by setting clear retirement goals, using tax breaks, and leveraging financial planning tools for better decision-making.

If you are married you have the option to collect spousal benefits instead of your own based on the earnings record of the other spouse. This may allow you to collect a higher benefit.

The average American now thinks they need around $1.46 million to retire. But this is overblown.

The Mega Backdoor Roth strategy could allow you to save an additional $46,000 per year into a Roth IRA or a Roth 401(k).

If a retirement calculator doesn’t handles taxes correctly and doesn’t know what they own, it can’t possibly run accurate retirement scenarios.

There are a lot of changes that impact planning and saving for retirement in 2024. We go over these important changes.

The sole proprietor 401(k) (better known as a Solo 401(k)) is a retirement plan specifically designed for small-business owners who do not have any employees. The contribution limits are more than typical 401(k) plans

Many studies have found that people are spending a lot of their retirement income on medical bills and most do not know how to project their medical costs in retirement.

Starting in 2024, higher-earning workers who make catch-up contributions to employer-sponsored retirement plans will have to put that money in a Roth account.