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Taking money from your nest egg in retirement, the right way.
Many financial advisors suggest that using the “4% rule” is a good way to tap your retirement savings. That rule basically says that withdrawing 4% of your retirement savings annually should ensure that your nest egg lasts for your lifetime.…
Is a Health Savings Account right for you?
For those still working but saddled with a high-deductible healthcare plan, a Health Savings Account could be just what you need. An HSA can be a great tax-advantaged way to pay for your future healthcare costs, but there are lots…
Already retired? Here’s what to look out for
You’ve done all the right planning, built a comfortable nest egg, and are now enjoying the fruits of a lifetime of work. But don’t think you can now sit back and ignore your portfolio, because there are lots of things…
Don’t let retirement myths hurt your future
Saving enough for retirement may be a daunting subject to explore, but don’t let misinformation prevent you from planning for your golden years. This TD Ameritrade “Ticker Tape” article discusses 5 myths about retirement savings that could be sabotaging your plans for…
Saving for retirement: Choosing the right way
The question of how pre-retirement workers should save for retirement often includes discussions of using a 401(k), a Roth IRA, and even a Health Savings Account (HSA), and the tax implications of those investment vehicles. But how do you know…
Retirement means a lifestyle change. Can you adjust to it?
Retirement nearly always brings a sea-change of difference in lifestyle. Many go from a life which is all but consumed by their career, to finding so much time on their hands they don’t know what to do with themselves. Others…
If your retirement plan is derailed, don’t panic. Adjust.
Life has a way of throwing roadblocks into even the best and most carefully reasoned retirement plans. Emergencies or unexpected crises can cause you to tap into that nest egg you thought would carry you through your post-career years. Well, the most…
Leaving the U.S. for a while? Social Security is still there for you.
If you’re leaving the country for a while, there are some rules that you have to follow, and you have to remain eligible for benefits, but Social Security is there for you. Generally, “out of the country” means more than…
What you should know about the SSI program.
Although it’s administered by the Social Security Administration, SSI (Supplemental Security Income) is not paid from the Social Security Trust Funds and, therefore, doesn’t affect your Social Security benefits; rather it’s paid from the Government’s general revenues. But, SSI can…
Wait times for SSDI appeal hearings can be years. But funding to help has now been allocated.
There are about 1.1 million people now waiting for a hearing to appeal their SSDI application decision, and the wait time to get that hearing is now about 26 months. That’s hard news for those who need that support now due…