Juggling Competing Goals: College vs. Retirement Funding

What’s more important, your retirement or your child’s college education? Financial planners generally suggest that the former should receive priority, but many parents also want to plan for their children’s higher education. While financial priorities are a matter of personal choice, parents need to keep things in perspective. If you don’t have sufficient assets or…

 

The Alliance for Investor Education Presents “Funding Your Future: The 2017 Investor Boot Camp”

The Alliance for Investor Education is sponsoring a free Investor Boot Camp on Tuesday, December 5, at The Army and Navy Club in Washington, D.C. Attendees of Funding Your Future: The 2017 Investor Boot Camp will hear from experts on a range of investing topics, explore free resources, and gain support from organizations and agencies to achieve…

 

A Simple Formula for Calculating “Safe” Retirement Spending

For nearly two decades, the 4% rule has served as a benchmark of how much retirees can safely afford to withdraw from their nest eggs initially, with annual increases for inflation, and be reasonably certain they would not outlive their savings over a 30-year retirement. In the aftermath of the financial crisis of 2007 to…

 

Social Security Checks Will Rise by 2% in 2018

The Social Security Administration (SSA) announced that, based on the increase in the Consumer Price Index from the third quarter of 2016 through the third quarter of 2017, Social Security and Supplemental Security Income beneficiaries will receive a 2% cost of living adjustment (COLA) for 2018. This is after a 0.3% increase in 2017 and…

 

8 Ways Women Can Take Charge of Their Retirement

A survey conducted by the Transamerica Center for Retirement Studies found women tend to lag behind men in terms of saving and planning for retirement. The organization’s president, Catherine Collinson, called this “concerning” and offered eight suggestions for how women can take charge of their retirement plans. 1. Save on a regular and consistent basis. This…

 

Optimizing Your Retirement Income: What Works Best and Why

With tens of millions of baby boomers already retired millions and more likely to enter retirement in the next decade, the hard truth is that only a small minority are accumulating enough savings to provide for their income needs during decades in retirement. This uncomfortable reality is particularly true given the overall rise in life…

 

Strategies for Married Couples: How to Coordinate Your Plans

Many employees think of their 401(k) plan allocations in isolation. But if you are married and your spouse works, you are both likely contributing to employee-sponsored plans. And if that is indeed the case, your allocation approaches should be “married” as well. After all, when you retire, you will be living off of both retirement…

 

Retired Investor: Getting Through Difficult Markets

We all want to achieve retirement security—and to maintain our sanity during volatile market periods. If we could only predict tomorrow’s markets, we would handily satisfy these needs—we would be able to sell before a market decline and buy at the bottom. Truth be told, probably the single most important element of successful investing is…

 

Limiting Required Minimum Distribution Costs

The IRS requires that funds be withdrawn from nearly all retirement accounts, including traditional IRAs, 401(k) plans, and SEPs. These withdrawals are known as required minimum distributions, or simply RMDs. Once a retiree turns age 70½, the withdrawals must be made annually. (Roth IRAs are notably exempt from this rule, and a retiree has until…