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Retirement Planning
The time it takes and the complexity of building a retirement portfolio to make sure you’re financially secure and personally ready for retirement may seem daunting but the process isn’t as complicated as most people are led to believe. Use Retirement Living’s Retirement Calculator to evaluate your current retirement plan.
With some research, the proper guides and tools, a savings and investment plan that works for your personal financial situation and a commitment to save for the long-term, you’ll be well on your way to your retirement goals.
Resources
Achieve Your Financial Goals
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How Much Money Do I Need to Retire?
While there’s hardly a definitive answer to how much money you’ll need to retire comfortably, this article attaches some hard estimates to the savings rules most commonly touted by experts.
Investing for Retirement
Pre-retirement planning
An investment strategy can help make sure the money you saved before retirement grows and lasts as long as you need it during retirement. Whether it’s choosing the right IRA or deciding if an annuity is right for you, a personalized investment plan will make sure your savings won’t run out.
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5 Ways to Maximize Your Retirement Savings
Whether you’re just starting to save for retirement or approaching retirement and trying to double down on some last-minute strategies, you can always do something to tuck more money away. Here’s a look at five tips to help you save as much as possible for retirement.
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Powerball Taxes: Here’s How Much the Winner Pays
Before collecting the proceeds, the winner will pay a 24% federal withholding tax and likely millions more. Here’s how the Powerball winnings after taxes will look.
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Here’s How Much the Mega Millions Winner Forfeits in Lottery Taxes
Before collecting lottery proceeds, the winner will pay a 24% federal withholding tax and likely millions more. Here’s how the Mega Millions jackpot winnings will look after taxes.
Retirement Planning Tools
Pre-retirement planning
Having the right tools to help guide you through your retirement planning process helps answer lingering questions about how much you need to retire and whether or not your savings will be enough. Tools like retirement calculators and age-specific retirement planning guides keep you on track and make sure you’re hitting your goals every step of the way.
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Will your savings last through retirement? Here’s how to improve your odds
Worried your retirement savings won’t last? Learn to set sustainable spending limits, invest strategically, and plan for healthcare to ensure lasting financial security.
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Follow These Steps to Make Your Will Legal
Creating a will is one of the most important steps you can take to ensure your wishes are carried out after your passing. A legally valid will provides clear instructions on how you want your assets distributed and whom you want to appoint to handle your estate.
Related Articles
Knowledge Center
Retirement planning
The more you build your retirement planning knowledge-base the smarter decisions you’ll make with your investments. Below, you’ll find answers to common questions about the differences between the various types of retirement savings plans, social security tax information and more.
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Can’t Pay Your Taxes This Year? Here’s What to Do
If you’re having trouble paying your taxes this year, relief is available. Tax filing requirements and paperwork are stressful enough, but if you owe the IRS money you don’t have, things can quickly become overwhelming.
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How to Buy Bitcoin
Check out the steps you should take to buy and store Bitcoin as well as how Bitcoin is valued.
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When to File Retirement Plan Tax Form 5329
The IRS requires individuals to complete Form 5329 if they receive a retirement account distribution before the age of 59½. We take a look at what Form 5329 is and tips for filing it.
Retirement Income
Retirement
Aside from investing your money, there are other ways to earn supplemental income during retirement. Working part- or full-time during retirement helps you stay active and engaged in your community while earning a helpful paycheck. There are plenty of job opportunities available for retirees to help you stay financially stable during retirement.
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9 Tips For Financial Stability In Retirement
We talked with a retirement planner to uncover nine strategies for ensuring a more financially stable retirement. Here are the steps you should take right now to prepare.
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Is Social Security Income Taxable?
We take a look at federal and state social security tax rates and IRS tax income limits.
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How Much Social Security Will I Get In 2024?
According to the latest 2023 data, this article will help you estimate how much Social Security you will get—and how much your benefit amount may change if you delay retirement, retire early, or get a part-time job.
Senior Housing
Thinking about where you’re going to retire and what kind of housing you want when you’re there is an exciting part of retirement planning. However, the vast amount of choices might make it a bit overwhelming. Where are the best places to retire? Which states are the most tax-friendly for retirees? How much does senior housing cost? The answer to questions like these will get your retirement housing planning off on the right foot.
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How to Tell a Loved One They Need Assisted Living
Talking to your parents or other loved ones about moving to an assisted living is one of the most difficult conversations you will have.
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What Does Assisted Living Cost?
It can be difficult to find out the true cost of assisted living. We found the average cost of care and the change over time to help you.
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4 Best Places To Retire In The U.S.
While choosing a place to retire is largely based on personal preference, there are factors you should consider. Check out our four picks for your consideration.