Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor (CRPC), Retirement Income Certified Professional (RICP), and a Chartered Socially Responsible Investing ...

Do the math, figure out whether you’re on track, and decide what to do next–everything from changing needs or retirement income to working a few more years. Start by understanding your ...

American workers have no shortage of options for selecting the best retirement plan. Most people are eligible for more than one retirement plan. 2024 retirement plans generally offer tax advantages.

Aim to replace 80% of pre-retirement income for a comfortable lifestyle post-retirement. Consider Social Security and pensions as part of your income sources, not just savings. Use the 4% rule to ...

Saving for retirement starts with comparing retirement accounts, and then figuring out how much to put away. Many, or all, of the products featured on this page are from our advertising partners ...

Explore defined contribution plans such as 401(k)s, individual plans, such as Roth and traditional IRAs, plus plans for self-employed people, such as SEP and SIMPLE IRAs. Many, or all, of the ...

Most people have the idea that as soon as you leave school and start working, you should save for retirement. You keep saving until it’s time to retire, at which point you (hopefully ...

Requires a $3,000 minimum investment. Vanguard’s target-date fund for those already retired is the Vanguard Target Retirement Income Fund (VTINX), which features a bond-heavy strategy designed ...

To prepare for retirement, consistently save, invest wisely, and plan to minimize fees and penalties. Tailor your investment allocation based on risk tolerance and time horizon, then make ...

Navigating taxes in retirement can be challenging. Your tax situation may differ from your working years due to income and tax bracket changes. Required withdrawals from retirement accounts and ...

Unlike a pension, a 401(k) provides no guarantee that workers will have a specific level of income in retirement. When you're ready to retire, you'll want more than Social Security to pay the bills.