Articles about Retirement

Personal Finance

I spent 5 years studying rich people. Here are the best pieces of advice I can give you about money

What secrets about managing money do the rich know that the average person doesn't? Here are some strategies that helped the rich get rich.

Retirement

5 countries where you can retire on the cheap

If you’re planning your future, check out these countries where you can stretch out your hard-earned dollars and retire on the cheap.

News

Survey: This is the best city to retire in this year

New WalletHub data shows that Orlando, Florida is the best city to retire in this year, with a "total score" of 60.09 out of 100.

How To

What to do (and not do) when you’re unemployed

Unemployment can wreak havoc on your peace of mind and your finances. There are some steps you can take to try to limit that negative impact.

Personal Finance

Survey reveals the spending habits of Millennials (spoiler: they like coffee and eating out)

27% of Millennials dole out more money for coffee monthly than they save for retirement and 37% admit to saving nothing for their Golden Years.

Personal Finance

Where seniors are most housing cost-burdened

Across the 100 cities we analyzed, seniors who rent were over twice as likely to be housing cost-burdened as senior homeowners.

Productivity

Study says people over 40 could excel in a three-day workweek

You're about to get really excited about turning the big 4-0. A new study finds that workers over 40 are more productive over a three-day period.

News

Marco Rubio has proposed a parental leave bill funded by retirement benefits

New legislation would give employees paid family leave for at least two months. The catch? The money would come from your future Social Security payments.

News

Almost 1 in 3 Millennials using retirement money to finance homes

When you're a cash-strapped aspiring homeowner, you may start digging through all your emergency funds to get the home of your dreams.

News

Survey: These are the top perks offered to help retain high-performing workers

A new survey shows that the most popular way that HR leaders say companies try to keep "talented workers" on board is to offer "401(k) contributions."

News

Survey reveals the top money issues Gen Xers, Baby Boomers wish they learned earlier

New research shows that the most popular money issue Gen Xers and Baby Boomers "wished they'd learned" when they were younger is how the stock market works.

Personal Finance

How one retired Millennial made more than $60,000 in passive income last year

J.P. Livingston continued to generate income while retired, earning more than $60,000 in one year with less than five hours a week of work.

The Golden Years

4 ways to stay busy when you retire from work

When you leave the workforce and enter retirement, you'll need a bunch of ways to stay busy. Here's what to do during your Golden Years.

Humor

9 alternative retirement plans for poor planners

There are so many wonderful alternatives to saving and investing your whole life. Don’t let society dictate your retirement goals.

Work-Life Balance

Forget early retirement – people who saved enough say a ‘mini retirement’ is just as rewarding

Early retirement isn't always feasible for some people. Instead of an early retirement or end-of-career retirement, they opt for a mini-retirement, a series of meaningful respites away from their job.

News

The average Millennial expects to become a millionaire at some point and retire at age 56

The average Millennial says they expect to reach millionaire status at some point in their lifetime (47%  don't think they'll reach millionaire status at all, and 4% say they already have) and 56 is the average age that they expect to retire from the workforce.

News

Survey: 8% never plan to retire and 61% ‘don’t know’ how much money they’ll need

While research has found that 21% of American adults have nothing saved for retirement, new findings show that the Golden Years aren’t in the cards for everyone, and many aren’t even sure how much they’ll need to get there.

Personal Finance

The answer to ‘What is the single most effective piece of financial advice you’ve ever received?’

One colleague gave me the most effective piece of financial advice, look at the fund's Expense Ratio. The expense ratio does not include the cost of buying a fund. This expense is referred to the sales load fee, and is a one-time event.

Personal Finance

Survey: 21% of adults have nothing saved for retirement

You may have grown up hearing that you should save for retirement as soon as possible, but new data shows that some people haven't actually put this advice into practice.

News

Survey: You need $2.4 million to be considered ‘wealthy’ in America

Just how much money do you have to be to be considered "wealthy" in America? Recent findings from Charles Schwab’s 2018 Modern Wealth Index pinpoint the number at $2.4 million on average. Respondents said that $1.4 million is needed to be considered "financially comfortable."

Personal Finance

By 35, you apparently need to have twice your salary saved for retirement

Hope you've been saving since your nascent twenties because the number listed is not pocket change. Fidelity Investments experts said you need to have a year's worth of your salary saved by 30. By 35, that number needs to jump to double your salary.

News

46% of Americans think they won’t have enough for retirement

We know that people have a habit of moving to certain cities and states to make their money go further during retirement, but recent research shows that people who haven't yet reached their Golden Years think they'll have a tough time financially during that chapter in their lives.

News

These are the top states and cities retirees are moving to

We analyzed migration data from the U.S. Census Bureau. Specifically, we compared the number of retirees immigrating into a city and compared it to the number of retirees emigrating from a city. Check out our data and methodology below to see where we got our data and how we put it together.

Personal Finance

Survey: More than half of workers over 60 are postponing retirement

New research shows that 53% of people ages 60 and up report that "they are postponing retirement" and 24% of workers surveyed say they don’t know how much money they’ll need to put away for their Golden Years.

News

Study: 57% of millennials say social media leads to unplanned spending

It's one thing to feel FOMO, but it's another to feel pressured into spending money you weren't originally going to because of what you saw on social media.