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

There are plenty of stories of people outliving their retirement savings, especially if they live long past their life expectancy. One way to make ends meet at that point is to sell your home or take equity out of it.

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

In 2017, the Tax Cuts and Jobs Act (TCJA) was enacted by Congress, bringing about tax reductions for numerous individuals and businesses. However, without additional legislative changes, these tax cuts are scheduled to come to an end by the close of 2025.

The best way to optimize your Roth conversions is to find the optimal tax bracket to “fill up”. This can save you thousands of dollars over time.

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.

For those of you who are currently receiving Medicare Part B or will be within the next two years, it's crucial to understand that converting an amount that results in income just $1 over the threshold could lead to thousands of dollars in additional Medicare Part B costs.

Just knowing that an insurance payout would be there in case of an unexpected loss can alleviate a lot of worry.

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.

When you retire, your income taxes are likely to decrease, but it's important to minimize the taxes you do have to pay.

Social Security will have to cut benefits by 2034 if Congress does not address the program’s impending funding shortfall. You should prepare by creating a retirement plan and seeing how a benefits cut would impact you.

The number of funds you should own is going to depend on your investment goals, risk tolerance, and portfolio diversification strategy.

There are a few key mistakes to look out for when planning for your retirement. If you can avoid these mistakes you can help set yourself up for a wonderful retirement free from financial anxiety.

It's important to understand the factors that will have the greatest impact on your retirement plan. How much to save for retirement is one of the most important.

There are many interesting part-time jobs that can be enjoyable and provide great extra income in retirement. A part-time job can also help reduce the anxiety that comes with lower income in retirement.

We're into March already (how did that happen?), but that doesn't mean it's too late to adjust your retirement plan based on new laws and regulations that have recently been enacted for 2023.

The amount of risk you can take in retirement depends heavily on your retirement income vs. your expenses. There is no one size fits all approach.

The average income in retirement in the U.S. is probably lower than most people think. It is extremely important to know how much income you will need in order to meet all of your financial goals.

January is a good time to revisit your finances and investments, and to make sure you are doing all you can to ensure you are saving enough for retirement.

If you're in a position to do so, waiting to take your benefits--certainly beyond age 62, and at least as long as your Full Retirement Age (FRA)--makes the most sense.