When it comes to a bonus or other small windfall, it's essential that you consider your entire financial picture—the money you owe now and the money you want to put away for your future.
Calculating annual required minimum distributions (RMDs) can be complex and mistakes can be exceedingly costly, so it’s important to consider an optimal withdrawal strategy.
Social Security plays a foundational role in your retirement income plan. However, given shifting landscapes, it’s important to ensure that the claiming strategy you choose is your best option.
Unlike a traditional IRA, a Roth IRA allows you to withdraw your money tax-free in retirement. Learn how to maximize your retirement savings.
IRAs are one of the most powerful retirement savings tools available to you. Even if you're contributing to a 401(k) or other plan at work, you should also consider investing in an IRA.
Find out if converting to a Roth IRA could benefit you.
Did you know that when it comes to your assets such as retirement accounts and life insurance passing down to your heirs outside of probate, beneficiary designations take absolute precedence over any and all provisions made in your Will?
The end of the year is a good time to assess your financial plan and wrap up any loose ends before the tax year concludes. Here’s a checklist to help you get started.
Don’t let fear drive your investment decisions. Risk and return go hand in hand. You’ll have trouble growing your investments.
After a lifetime of saving, it’s only natural to want to splurge a bit and jump into retirement with a healthy joie de vivre. Yet the looming specter of running out of money is very real; one that far too many investors find themselves suddenly and unexpected
Today, nearly half of all same-sex couples living together are legally married, giving them equal rights and protections, but also a number of previously unavailable financial benefits.
The financial decision-maker in a typical household may think through one or two individual savings goals for the future, but lack a comprehensive plan to pull all needs together.
Want to be a thoughtful investor? You’ll be well on your way by adhering to the following five simple tenets of investing.
Retirement can be whatever you want it to be, as long as you start off on the right foot. Consider the following tips to achieve a surprising (and fulfilling) retirement.
Nobody likes to think of being forced to leave a career unexpectedly. For a variety of reasons, though, it’s a possibility that needs to be acknowledged and for which to plan.
Compounding interest can have a profound difference on an investor’s ability to build wealth. Add this power to investments that are already growing, and It can be like supercharging an engine.
Big life changes can dramatically change how much money you’re able to save each month. Keep in mind these rules of thumb when life shakes things up.
As you transition to retirement, five additional risks emerge (in addition to market risk). Each of these, if not adequately planned for and managed, could result in outliving your savings.
Faced with the potential to live 30+ years in retirement, the traditional approach to retirement income may no longer make sense.
It pays to have an understanding of fundamental investment concepts. Knowledgeable investors are better
The financial obligations associated with caring for an aging parent can often coincide with other priorities. Of course you want to help out when possible; just don’t jeopardize your own future.
Learn about the challenges women face and which issues they are most concerned with when it comes to financial planning.
As you look ahead to retirement, it’s smart to consider opening an individual retirement account (IRA). Learn about two popular types: traditional and Roth IRAs.
Life insurance provides peace of mind for those concerned with providing for their family. But it can also be a resource for donating to charity. Here’s how.
Automatic enrollment in your company’s retirement plan might sound like a no-brainer, but consider taking charge of your own retirement savings by following these four steps.
Here’s what you should know about digital investing and how it can help you manage your financial life.
Take this quiz to help understand some steps you may need to take on your journey to retirement.
In 2014, Americans gave more than $358 billion to charity with nearly three-quarters of that amount coming directly from individuals. And while much of these donations come in the form of direct cash gifts, more and more individuals are turning to planned.
In addition to acknowledging the emotional effects a divorce can have, it's important to be aware of how your financial position may be impacted.
Plan ahead to minimize, or even avoid, taxes on your Social Security benefits. Learn how to build a tax-sensitive retirement income plan.
As your lifestyle shifts in retirement, so will your spending habits. Learn what areas of your finances might increase or decrease as you look to retirement.
Considering exchange-traded funds? Find out if they’re a good choice for your portfolio.
Financial planning should start with identifying and evaluating your needs and current resources before determining a strategy to achieve your objectives.
How can you make your money work the way you want it to during retirement? Follow these tips to plan ahead so your finances can align with all your lifestyle goals.
Compound interest is a crucial part of any investment strategy, but knowing about the advantages is only the beginning.
The longer you live, the greater the chances you'll need some form of long-term care insurance (LTCI).
Whether you're a veteran or just starting out in the military, planning and preparing your estate is of vital importance.
Whether you've had a long-term care insurance (LTCI) policy for years or you're thinking of buying one, it's critical to understand exactly what set of conditions will trigger coverage.
Investing for your retirement over the long term takes a little knowledge and discipline. Though there can be no guarantee that any investment strategy will be successful—and all investing involves risk—there are ways to help yourself build your retirement cushion.
Small business owners are accustomed to a different lifestyle—no boss, no set schedule and, sometimes … no free time. Amid this hustle and bustle, retirement planning sometimes falls by the wayside.
Nearing retirement? There are a few key factors to consider if you want to build a retirement income plan that fits your savings, lifestyle and goals.
Every blended family is as unique as their finances, but open communication is key to a happy and financially confident life. Hear from two families about how they are making it work.
Tax-deferred investments such as 401(k) plans have two key benefits. The first impacts someone in active saving mode, while the other can affect those withdrawing funds. Learn more.
Compare four investment alternatives to save for your retirement.
Just because you’re footing the bill for your child’s tuition and health insurance doesn’t mean you still have all the parental rights you had before they reached legal adulthood.
Being single puts you in the driver’s seat of managing your money, but it comes with its challenges, too. Learn solutions to spend wisely and save thoughtfully while single.
Saving, Calculate a retirement savings rate you can live with.
Calculate how much life insurance coverage your family may need to cover future expenses
Estimate your monthly expenses in retirement.
Answer key questions related to achieving your retirement goals.
Compares four investment alternatives to save for your retirement: a deductible IRA, nondeductible IRA, Roth IRA and depositing into a taxable account.
Find out the amount you can contribute to a deductible IRA and if you may contribute to a Roth IRA.
Use this calculator to to see what your payout, cash value, and dividends for a universal life policy will be.
Use this calculator to to see what your payout, cash value, and dividends for a whole life policy will be.
Project your social security benefits based on a number of parameters.
Answer key questions related to achieving your retirement goals.
How divorce can impact both your current and long-term financial situations.
You want the confidence that your charity is using your donations wisely. But how can you tell?
Very few investors realize the importance that sequence of returns risk may have on their ability to enjoy a successful retirement.
As the beneficiary of an inherited IRA, you have a decision to make about how and when you will begin to take distributions. Some factors that impact your options will be beyond your control. Others, however, will help determine an optimal distribution strategy.
Target date funds take the hassle out of managing your retirement investments. Find out if they fit into your retirement savings plan.
A new year is the perfect time to evaluate your retirement planning. Here are five New Year’s resolutions to help you reach your retirement income goals.
Fifty years ago, it wasn’t at all unusual for an individual to work his or her entire adult life for the same company. Today, however, by the time they reach age 50, the average baby boomer will have held nearly twelve different jobs. As a result, many people find themselves juggling multiple legacy retirement accounts that they’ve maintained at previous employers.
In your 20s and 30s, so many expenses compete for your dollars that it seems impossible to prioritize retirement. But saving now gives you the freedom to spend more freely later.
Women are more in control of financial management than ever, with the majority overseeing the day-to-day administration of their household finances. When it comes to long-term financial planning, however, there’s opportunity for women to be more actively.
Learn how aggressive investing and generating passive forms of income can put early retirement within reach.
Take diversification a step further by investing in global markets. Find out if holding some foreign stocks in your investment portfolio could be a strategy for you.
The question isn’t whether to rebalance your investment portfolio, but when and how frequently. Done thoughtfully, there are ways to rebalance while keeping tax implications to a minimum.
Here are some steps you can take to be sure your investment portfolio is on the right course for your future.
The key to successful investing is defining your goals and dreams for the future and then to establish plans to achieve those goals.
Tips for pre-retirees for securing truly golden years by making sure you have enough savings
Smart planning is essential for LGBT seniors to ensure they’re happy, healthy and financially prepared to enjoy the years to come.
Learn the differences between power of attorney and durable power of attorney.
Research shows that LGBT seniors are twice as likely to be single, twice as likely to live alone and three to four times less likely to have children than their heterosexual peers.
Our infographic shows you the power of compound interest. See how saving now can make it easier to reach your long-term goals with the power of compounding.
Rebalancing your investment portfolio can help you keep your financial goals on track while maintaining a balanced investment strategy.
It’s important to factor healthcare costs into your long-term savings plan. Follow these five tips to help keep future healthcare expenses from jeopardizing your retirement goals.
Giving your talents or dollars to organizations making a difference is a healthy and rewarding outlet.
Along with living longer comes a much greater likelihood that a costly health event will occur – an event that without proper advance planning could rapidly exhaust your financial resources.
Starting a savings plan now will help you to achieve your long-term goals.
Looking for a financial advisor to help you with your financial planning? Here are four key questions to ask when researching candidates.
When you retire you will probably focus more on health care than ever before. Staying healthy is your goal, and this can mean more visits to the doctor for preventive tests and routine checkups.
Though there's no foolproof way to handle the ups and downs of the stock market there are common sense tips that can help.
If your retirement date is fast approaching, now is the time to make sure you’re saving enough. Find out if you are on track, and what you can do if not.
If you have questions about your finances, it can be difficult to determine whom to ask. We break down the roles of financial experts to help you find the advisers you need.
Have you recently received an inheritance? Financial planning is key. Use this five-step approach to ensure that you make the most of your windfall.
Estate planning and end-of-life care are important conversations to have with your family so everyone is on the same page when it comes to finances.
Incapacity means that you are either mentally or physically unable to take care of yourself or your day-to-day affairs. Incapacity can result from serious physical injury, mental or physical illness, mental retardation, advancing age, and alcohol or drug
Long-term care insurance is one way to help preserve your nest egg, take the stress off family and provide long-term health care when you need it.
Dollar cost averaging takes some of the guesswork out of investing in the stock market.
Investing in real estate investment trusts is one way to have diversification in your portfolio. Find out if REITs will work for you.
It’s important to identify specific goals when beginning retirement planning. Planning early helps you target your spending and saving now and in the future.
Consider stocks as you approach retirement. There is less risk associated with bonds than regular stocks.
By planning ahead and sticking to a budget plan, you will more than just weather retirement financially—you'll also enjoy it.
Divorce can affect your retirement. Here are 3 ways to help you stay on track for your future plans.
The idea behind asset allocation is that because not all investments are alike, you can balance risk and return in your portfolio by spreading your investment dollars among different types of assets, such as stocks, bonds, and cash alternatives. It doesn't guarantee a profit or ensure against a loss, of course, but it can help you manage the level and type of risk you face.
Whether you are approaching retirement or have just started thinking about it, knowing how much money you'll need to live comfortably is a big step toward developing a solid retirement plan.
A charitable giving plan ensures that your tax-deductible donations have the greatest impact on the non-profit organizations you cherish most.
Inflation rates are expected to rise. Find out why making a smart investment plan now can help you prepare for your cost of living to increase.
Property taxes vary wildly from state to state.
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