Tag: retirement income
Browse our exclusive articles!
If I Buy A $100,000 Annuity, How Much Cash Will It Pay Me Each Month?
An annuity is like a personal pension plan you buy for yourself. You give an insurance company a chunk of money – say $100,000...
Morningstar Gives the 4% Rule a Thumbs Up – Can You Trust It for Your Retirement?
There’s been an ongoing debate about whether retirees should abandon the “4% rule” for withdrawals from retirement accounts, a retirement income rule of thumb...
Here Are the Average Social Security Benefits at Ages 62, 67, and 70
When it comes to retirement finances, Social Security plays a huge role for millions of Americans. There are exceptions for some workers, but for...
Want to Minimize Retirement Taxes? Don’t Follow This Popular Strategy
Aside from drawing down tax-deferred accounts before claiming Social Security, one way to sidestep this “tax torpedo” is by having Roth assets.Remember, for someone...
Is $2.5 Million the Magic Number for a 60-Year-Old’s Retirement?
With careful planning, $2.5 million can fund a comfortable retirement starting at age 60. But as with any major life transition, retirees must weigh...