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IRS: These are your 401(k) and IRA contribution limits for 2023

It may be time to up your 401(k) contributions. The IRS is increasing the limit by $2,000 for 2023, the agency announced Friday. Cost of living adjustments will ...
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Featured Retirement

Three Numbers You Need to Know Before You Retire

One of the more confounding issues that pre-retirees must wrap their head around is how to create a growing stream of income from their savings after their paycheck ...
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Featured Income Money Retirement

Retirement Planning: There’s A Wide Gap Between Expectations And Reality

There’s a significant perception/reality gap among most pre-retirees and retirees today. That’s one of the key takeaways from a new study published by the Stanford Center on Longevity ...
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Featured Money Retirement

Don’t even think about retiring until you have these 3 things completely paid off — your mortgage isn’t one of them

Millions of Americans spend their working days dreaming about retirement. Yet millions of Americans also may not take into consideration the crucial financial steps they should take becoming a retiree. While many ...
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Featured Money Retirement

Preserving Retirement Funds During Inflation

The current economic environment has many investors concerned about their financial future. The combination of high inflation levels and the recent bear market has caused some to wonder whether they will have ...
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Featured Lifestyle Retirement

Boomer’s remorse: Here are the top 5 ‘big money’ purchases you’ll (probably) really regret in retirement

Financial planners cite three retirement phases: Go-Go, Slow-Go and No-Go. In the Go-Go years, typically 65 to 75, healthy young retirees spend big on travel, hobbies and scratching ...
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Featured Lifestyle Retirement

45-year-old who retired with $3 million says ‘getting rich’ didn’t make him happier—here’s what did

In 2007, at 30 years old, I achieved a net worth of $1 million. I had saved 50% of my $150,000-per-year salary, invested 90% of every annual bonus, ...
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Featured Retirement Taxes

Should you roll over your 401(k) to an IRA? Here are 3 tips for this key retirement decision.

This article is reprinted by permission from NextAvenue.org. In his classic tune “Roll Over Beethoven,” Chuck Berry famously belted: “Roll it over then move on up.” Well, if you’ve ...
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Featured Insurance Retirement US News

Average premiums for Medicare prescription drug coverage are set to dip to about $31.50 a month in 2023, deductibles to rise

Medicare beneficiaries may see their premiums for prescription drug coverage dip in 2023, although their deductibles might rise. The average basic monthly premium for Medicare Part D is ...
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Featured Income Lifestyle Retirement US News

It’s All About the Income, Chapter 1: The Paradox of Retirement Income Planning

The paradox at hand: if your goal is not to make anyone rich with an inheritance, why are you worried about what happens to the principal? With the ...
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