The Roth IRA is celebrating its 10th birthday this year. Brought into this world by the Taxpayer Relief Act of 1997, Roths were first brought to market in 1998. Since the legislation was passed in early August, it’s a good time of year to blow out some birthday candles and take a look at how [...] [read full article…]
A majority of Americans file for Social Security benefits as soon as they become eligible at age 62. In many cases, you’ll receive higher lifetime benefits by waiting at least until the Normal Retirement Age (NRA) of 66 or higher. Now, the Social Security Administration has launched a new online Retirement Estimator that allows you [...] [read full article…]
If you’re worried about achieving financial security in retirement, there’s a simple solution: Work a little longer. Most people say they don’t plan to retire until they turn 65. But that’s not what we’re actually doing. More than half of Americans actually retire at age 62–even though it’s not usually the best decision. Working even [...] [read full article…]
Think you’ve got a pretty good handle on planning for retirement? I doubt it. The MetLife Mature Market Institute recently published results of its Retirement Income IQ Test, and the results were just awful. Metlife—the insurance company’s research and education arm—surveyed more than 1,200 people who are five years away from retirement age on 15 [...] [read full article…]
