Uncover the retirement statistic that might surpass your 401(k) in importance

Key Takeaways Most households should aim to replace 70% to 85% of their pre-retirement pay, combining savings withdrawals with Social Security.Adjusting the mix of contributions, your claiming age, ...
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What's a realistic retirement budget at 58 with $665K saved and a $95K income?

A retirement budget balances your expected income in retirement with your expected living expenses and taxes. Financial ...

401(k) Balances for People in Their 40s and 50s: How Do You Compare to the Average?

Discover how 401(k) balances in your 40s and 50s stack up and learn smart strategies to grow savings, such as catch-up ...

Early 401(k) Withdrawals Could Slash $100K From Your Savings. Here’s How You Can Safeguard Your Retirement

Early withdrawals from your 401(k) may ease today’s cash crunch, but taxes, penalties, and lost compound gains can cost you ...

Looking for Steady Retirement Income? These Overlooked Tools Could Be the Key to Your Financial Security

Many retirees are unprepared for the switch from saving to spending. Here’s how to turn your retirement savings into steady, ...
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4 Different Retirement Withdrawal Strategies and the Pros and Cons of Each

Withdrawal strategies in retirement can feel tricky because no one wants to outlive their savings. There are enough withdrawal strategies to provide something for everyone. You don't have to stick ...

How Much Is the Required Minimum Distribution (RMD) If You Have $1 Million in Your Retirement Account?

But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from ...
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Here's The Average IRA Balance of 65-Year-Old Americans (How Do You Compare?)

Turning 65 can feel like standing on a financial cliff edge. You've spent decades saving, but now retirement is no longer theoretical. It's here. One of the biggest questions people ask at this age is ...