Estimating Your Retirement Needs
One of your first steps in retirement planning should be to estimate how much income you’ll need to fund your retirement. Your specific needs depend on your goals and many other factors.
Medicare Gaps Explained Fast
Medicare won’t cover all of your healthcare costs during retirement, so you may want to buy a supplemental medical insurance policy known as Medigap. Read more to discover how it can help you.
Life Insurance at Various Life Stages
Your need for life insurance changes as your life changes. From young adult through your retirement years, here’s a look at how your life insurance needs change throughout your lifetime.
Working During Retirement
Planning on working during retirement? An increasing number of employees plan to work at least some during their retirement years.
Helpful Retirement Savings Tips
With thousands of investment possibilities, complex rules governing retirement plans, and the unpredictable future of consumer prices, most people don’t even know where to begin.
Common Factors Affecting Retirement Income
When it comes to planning for your retirement income, it’s easy to overlook some of the common factors that can affect how much you’ll have available to spend.
Annuities and Retirement Planning
It pays to shop around for the right annuity. In fact, doing a little homework could save you hundreds of dollars a year or more. Why? Rates of return and costs can vary widely between different annuities.
Health Insurance in Retirement
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.
Retirement Plans and Estate Planning
When you die, what will happen to your retirement plan benefits? In general, your retirement plan benefits pass to the beneficiaries you designate on the plan beneficiary designation form. Your benefits will generally be subject to estate tax at your death and to income tax when benefits are distributed from the plan to your beneficiaries.
Taking Advantage of Employer-Sponsored Retirement Plans
Employer-sponsored qualified retirement plans such as 401(k)s are some of the most powerful retirement savings tools available. If your employer offers such a plan and you’re not participating in it, you should be.