In May, the Illinois Municipal Retirement Fund made $300 million in investment commitments to four existing…
Tag: retirement
Retirement is a significant milestone in one’s life, marking the transition from a career-oriented lifestyle to a more relaxed and leisurely phase. It is a time when individuals can finally reap the rewards of their hard work and dedication throughout their professional years. Planning for retirement is crucial to ensure financial security and peace of mind during this new chapter.
Retirement planning involves a variety of considerations, including setting realistic financial goals, creating a budget, and exploring investment options. It is essential to take into account factors such as inflation, healthcare costs, and potential market fluctuations when devising a retirement strategy. Consulting with a financial advisor can provide valuable insights and guidance to help individuals make informed decisions about their retirement savings and investments.
In addition to financial planning, retirement also involves emotional and lifestyle adjustments. Retirees may find themselves with more free time to pursue hobbies, travel, or spend time with loved ones. It is important to maintain a sense of purpose and fulfillment during retirement by staying socially engaged, volunteering, or exploring new interests.
Overall, retirement is a time to enjoy the fruits of one’s labor and embrace a new phase of life with optimism and enthusiasm. By carefully planning and preparing for retirement, individuals can ensure a smooth transition and a fulfilling retirement experience.
What is retirement?
Retirement is the phase of life where individuals stop working and rely on savings, pensions, or investments for income.
When should I start planning for retirement?
It’s never too early to start! Ideally, start planning in your 20s or 30s to maximize savings and investments.
How much money do I need to retire comfortably?
The amount varies, but experts recommend having at least 70-80% of your pre-retirement income to maintain your standard of living.
What are some common retirement savings options?
Common options include employer-sponsored 401(k) plans, IRAs, Roth IRAs, and pensions.
What are some ways to supplement retirement income?
Consider part-time work, rental income, downsizing, or using a reverse mortgage to supplement retirement income.
My Retirement Planning Book – by Jae Oh
Here is what I asked Perplexity “put yourself in the shoes of a financial journalist. compare…
TIAA Institute: Older Americans lag in retirement fluency
Most Americans intend to retire eventually, but few have the knowledge to address the major challenges…
How tax and tariff questions are leaving investors in limbo
Even after the biggest May jump in 35 years for the S&P 500, investors’ understandable confusion…
7-10% Yielding Big Dividend Powerhouses To Turbocharge Your Retirement Income
This article was written by Follow Samuel Smith has a diverse background that includes being lead…
Automated Due Diligence Reshapes Retirement Industry Landscape
Several macro trends are forcing defined contribution record keepers and advisors to significantly change their business…
Nationwide survey: Gen Z disillusioned with retirement
When will you retire? For nearly 1 in 5 Gen Zers, the answer is: maybe never.…
U.S. Labor Department Picks Up Crypto Torch, Throws Out Previous Warnings
The U.S. Department of Labor is reversing its earlier caution about including crypto investments in people’s…
2 BDCs That Qualify For The Retirement Income League
This article was written by Follow Roberts Berzins has over a decade of experience in the…
Qualified charitable distribution popularity surges
Qualified charitable distributions (QCDs) are a largely unknown tool among retirees. But now, as a convergence…
BlockTrust IRA Brings Quant Trading Tools to Crypto Retirement Accounts
As spot bitcoin exchange-traded funds continue to grow and Wall Street wades deeper into crypto, more…
Advice On Retirement Advice From Australia
For a quarter century, Terry Bell has been taking the temperature of wealth management businesses and…
Supercharge Your Early Retirement With Big Dividends: Realty Income (NYSE:O)
This article was written by Follow Rida Morwa is a former investment and commercial Banker, with…
Proposals Offer New Ways to Use Retirement Surpluses to Boost Benefits, Raise Revenue
The American Benefits Council has proposed changes that would reshape how employers use otherwise unusable surplus…
Morningstar: Long-term care costs drive retirement failure
Even the best-made retirement plans can fail, especially when unexpected health care costs crop up. A…
How financial advisors can plan ahead to prevent elder abuse
The possibility of dementia or other forms of diminished capacity among older clients begs the need…
McKinsey on the Future of Retirement Advice
If the numbers crunched by McKinsey & Company are to be believed, millions of wealthy retirees…
Financial advisors are torn over this RMD tax strategy
Required minimum distributions can be a touchy subject for retirees and their financial advisors, requiring them…
Advisors favor underutilized strategies over asset buckets
Is it time for financial advisors to kick the bucket strategy? In the decades since financial…