Retirement
Should retirees toss the long-established 4% rule? The rule claims that retired individuals can safely pull 4% of their savings out every 12 months without worrying they could run out of funds before they die. Now, some investment experts advise drawing no more than 2% or 3% from your nest egg per year. The 4% […]
Social Security is not only meant to serve only retirees but also people with disability through Social Security Disability Insurance (SSDI). If you are currently collecting Social Security payments or intend to do so in the near future, it’s prudent to be aware of certain actions which could reduce your total benefits. Here are seven […]
Contributing your employer-sponsored 401(k) is undoubtedly the easiest way to save up for retirement. The earlier you start contributing, and the more you contribute, the more you can take advantage of the power of compounding interest and build a sufficiently large nest egg for your retirement. The question is for many, however, is how much […]
Figures published by the government show that more than 60 million Americans depend either fully or partially on Social Security benefits for their livelihood during retirement. Clearly, for most seniors, Social Security is a vital component of retirement income. Here are four types of Social Security benefits you might be eligible to receive. Ordinary retirement […]
For purposes of collecting Social Security benefits, the conventional wisdom says that you should not retire until you have reached your full retirement age (FRA). However, there may be circumstances where it would be advantageous to retire when you reach 62. A 2015 study by the by Center for Retirement Research shows that 48% of […]
