Budget for Retirement
How Much Do I Need for Retirement?
How much money will I need to retire? Sometimes I open a magazine and see that I need $1 million or $2 million. Could that possibly be right? Check out this rough guide to getting a back-of-the-envelope idea of roughly how much you'll need when you retire.
How Much Can I Put Into My Retirement Account?
The IRS announced 2012 contribution limits to some of the most popular types of retirement accounts, such as the 401k.
6 Expenses That Can Destroy Your Retirement Budget
Many people assume their expenses in retirement will be similar to their expenses today. Unfortunately, they don't anticipate all the costs associated with aging. Here are six unexpected major expenses that can hit you in retirement.
Not Enough Money to Retire? Move Overseas.
As Tony approached his 60's, he started realizing that he hadn't saved enough to retire. He pondered what to do. Tony realized he could rent out his home in Nebraska and use the rental income to enjoy a lower cost of living in Costa Rica. But did he dare? Isn't that a bit dramatic? Do other retirees do this? Find out in this article ...
4 Retirement Tips for People 40 and Older
Check out these four retirement savings tips for people 40 and over. The first tip helps you figure out how much money you need for retirement, while the rest of the tips help you find ways to earn more money.
Jean Chatzky Discusses Budgeting, Retirement, and Nearing Her 50's
Today Show financial editor Jean Chatzky picks up the phone to share her thoughts with About.com on retirement planning, paper-and-pencil budgets, and nearing age 50.
How Much Can You Withdraw From Your Retirement Portfolio?
How much of your retirement portfolio can you safely withdraw every year? Most financial advisers say that the answer is 4 percent, but lately there's been some chatter that you should plan to only withdraw 3 percent per year in retirement. That means a $1 million retirement portfolio will allow you to live on $30,000 - $40,000 per year.
7 Tips for Saving for Retirement with a Late Start
You had a late start in saving for retirement. What should you do? Here are 7 tips to guide you through a comfortable retirement, even if you started saving in your 40's.
Retirement Savings by the Decade
How much money should you have saved for retirement by age 35? Age 45? Age 55? Check out these new age-related guidelines that help show you whether or not your retirement is on track.
But I Don't Want to Retire!
I occasionally hear people say that they don't ever plan to retire. They love their careers and don't want to quit working. But that doesn't exempt them from needing to save for retirement. Here's why.
Many experts say that you should plan to spend a percentage of your current income -- such as 85 percent of your present income -- in retirement. But a competing school of thought argues that you should plan for retirement based on the lifestyle you hope to enjoy, not the income you currently earn.
Why Retirement Should Be Number One
You have many savings goals: you want to pay off your loans, send your kids to college, and you save for retirement. Which of these goals should you fund first?
Don't Confuse These Two Retirement Rules of Thumb
Many people confuse the "Multiply by 25" rule with the "4 Percent" rule. Understanding the difference can have a drastic impact on your retirement savings.
How Much Should I Put in My 401k?
How much should you save for retirement? Ten percent? Twenty percent? The answer depends on the age at which you start saving, as well as your other sources of retirement income. Learn more in this article.
Here's a comprehensive guide to planning for retirement. In this section, you'll learn how to predict the amount you'll need in retirement, you'll discover the contribution and withdrawl guidelines, and you'll read tips and pointers for people who are getting a late start.
FAQ’s about Inheriting an IRA
Do you have questions about what to do if you inherit an Individual Retirement Account (IRA)? The rules regarding IRA inheritance are complex, and many answers depend on whether or not you're the spouse. Here are answers to some IRA inheritance FAQ's.
Delay Making a Social Security Benefit Claim
Want to learn a guaranteed way to nearly double your monthly retirement income in the span of eight years? Delay claiming your Social Security benefits.
What’s Your Retirement Number?
How much money do you need to save for retirement? The answer depends on your expected annual expenses and your other sources of income, like Social Security and pensions.
Retirement Planning in 6 Easy Steps
Confused or overwhelmed about retirement planning? Here are six easy-to-follow steps that can help you get prepared for your golden years.