Beyond planning for potentially needing long-term care, Alice should also consider a plan for RMDs in her retirement. Since much of Alice’s nest egg is saved in a traditional IRA, the funds will be ...
In a nutshell, the sooner you plan to retire, the more you should have saved by 60. Fidelity suggests that the average ...
With $1 million in a 401(k) and no mortgage on a $500,000 home, retirement at 60 may, in fact, be possible. However, retiring before eligibility for Social Security and Medicare mean relying more on ...
Alice recently retired after spending 30 years teaching English Literature at a world-renowned university. She’s made ...
The average 401(k) balance for someone in their 60s was $568,040 as of June 2025. The median, though, was far less: $188,792.
There’s a lot to consider when planning for retirement. Things like retirement savings and Social Security are often top of mind, but deciding when to retire can also be a tough thing to figure out.
From catch-up contributions to required distributions, federal employees face key ages that can shape retirement income, ...
Alice recently retired after spending 30 years teaching English Literature at a world-renowned university. Throughout her career, she’s made responsible choices with her money. Not only did she pay ...