Are you unknowingly sabotaging your retirement dreams?. It’s easy to fall into financial habits that seem harmless but can have devastating long-term effects on your retirement years. Whether it’s neglecting to save enough, failing to invest wisely, or living beyond your means, money mistakes can derail even the best-laid retirement plans.

7 Horrible Money Habits That Are Killing Your Retirement

Daily Mail

A 401(K) is a valuable vehicle for workers to build up a nest egg for retirement. But Americans should not put all their savings in their workplace plan, according to a financial planner.

Financial planner warns why it is a mistake to put all your retirement savings in your 401(K)

Retirement Daily

Explore a potentially cheaper and more secure way to generate retirement income with annuities. Compare the costs and risks of traditional withdrawal methods

Beyond the 4% Rule: Exploring Annuities for Retirement Income Security

GOBankingRates

If you've spent years saving for retirement, you probably have no plans to go through all your savings. But unfortunately, if you're not careful, it can happen.   Find Out: Retirement Planning: How...

6 Money Mistakes Retirees Make That Force Them To Change Their Lifestyles

Stacker

Benzinga explains the benefits of Roth retirement accounts and the differences between products.

Suze Orman says you should be putting 'every single cent' into a Roth retirement account — if not, you are making a mistake

As you close in on your retirement years, your focus is likely on lowering expenses to maximize what might be a limited or reduced income. One of the biggest expenses is often a mortgage payment.  To...

I’m a Retirement Planner: Reasons To Pay Your Mortgage Off Before You Retire

USA TODAY

A prominent economist argues that you can retire on savings much less than $1 million.

Do we really need $1M in retirement savings? Not even close, one top economist says

SmartAsset

Converting your 401(k) to a Roth portfolio will allow you to entirely avoid RMDs. This is a legitimate form of tax planning. However, often there's a difference between whether you can do something and whether you should; whether it's allowed, and whether it's in your long-term best interest.  For example, say that you're 62 years […] The post I’m 62 With $1.6 Million in My 401(k). Should I Convert $160,000 Per Year to a Roth IRA to Avoid RMDs? appeared first on SmartReads by SmartAsset.

I'm 62 With $1.6 Million in My 401(k). Should I Convert $160,000 Per Year to a Roth IRA to Avoid RMDs?

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Anika Jindal

The journey of retirement involves more than just financial planning and investment. It’s also about simplifying life and making room for new experiences. If you are a baby boomer about to retire, consider selling these items to declutter and add some extra money to your retirement nest egg.

20 Things Boomers Should Consider Selling in Retirement

Your Social Security benefits and savings may not go far enough to cover your post-retirement living expenses. According to the Schroders 2024 U.S. Retirement Survey, 47% of respondents faced...

How to Make Extra Money During Retirement

California State

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Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

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A Dime Saved

We must learn from our mistakes. Some mistakes can cost more than others, especially when it comes to retiring. This isn't something you can go back and fix. You have one chance to make it right. The good thing is that we can learn from other people's mistakes and make sure we don't do them to ourselves.

3 Money Mistakes That American Retirees Make Over and Over Again

FinanceBuzz

Downsizing is a great option if you're looking to cut expenses, but be sure to avoid these 11 mistakes that could end up making the move expensive.

11 Mistakes Most Retirees Deeply Regret Making When Downsizing

A new IRS rule says most people must withdraw the total balance of inherited IRAs within 10 years of receiving them. This could impact how you should manage your inheritance, as financial expert Suze...

Suze Orman: Here’s How To Avoid a Major Tax Bill on Your Inherited IRA

24/7 Wall St.

Dave Ramsey offers valuable retirement advice focused on purposeful living and smart financial decisions. Key quotes include the importance of having a plan in retirement beyond just stopping work, and not cashing out 401k or IRA to pay off debt unless in extreme circumstances. Ramsey also advises against taking loans against retirement funds, emphasizing the […]
The post Dave Ramsey’s Best Retirement Advice appeared first on 24/7 Wall St..

Dave Ramsey’s Best Retirement Advice

The Motley Fool

Two-thirds of Americans have a retirement account. Find out how your own retirement savings compares to the average for your age group.

Are Your Retirement Savings Above or Below Average?

It's possible to build a lot of retirement savings on a modest income. Read on to see how.

I Earn $60,000 a Year. How Much Can I Save by Retirement?

There are important deadlines for when individuals must begin retirement account withdrawals. Contribution limits for a traditional or Roth IRA have increased for 2024. As we enter the second half of 2024, it is important to understand some tax law changes that became effective this year and could affect your retirement savings and tax planning.

Tax law changes affect your retirement planning in 2024

Dave Ramsey is a prominent financial guru who has advised people on personal finance for years. His main emphases tend to be paying off debt, saving for emergencies, investing wisely and spending...

I’m a Financial Guru: Here Are 4 Lessons I Learned From Dave Ramsey

Georgia State

Coffee County, GA

Douglas, GA

Daily Coffee Press

A 49-year-old woman from Douglas was recently arrested for allegedly submitting a life insurance policy for her ex-husband without his knowledge. According to a Coffee County Sheriff’s Office incident report, detectives met with a man on May 7 at the Coffee County Law Enforcement Center concerning a reported case of insurance fraud.

Georgia woman charged for allegedly filing life insurance policy application on ex-husband

NewsBreak

How to Recover Financially from a Divorce

Seven steps to protect what is yours, disentangle what is shared and start budgeting and saving to achieve your goals. After her divorce, Jennifer Bush was...

How to Recover Financially from a Divorce

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