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GOBankingRates

By the time you've retired, you'll hopefully have a portfolio of investments to help financially sustain you through retirement. But in addition to these investments, it's important to have some cash...

Here’s How Much Cash Retirees Should Have on Hand, According To Experts

The Motley Fool

Women often have a tougher time saving for retirement, but the right strategies can help.

Here's How Much the Average Woman Has Saved for Retirement

While we adhere to strict editorial guidelines, partners on this page also provide us earnings. The average American between the ages of 65 and 74 had about $609,000 in retirement savings as of 2022, according to the Federal Reserve. But strong stock market gains over the past couple of years have likely boosted that average balance even more.

Here’s the 1 big reason millions of retirees secretly struggle in America — and it’s not because they don’t have enough money

Figuring out how much money you'll need in retirement can be tricky. After all, while some factors are in your control — such as what sort of lifestyle you plan to lead in retirement — others, like your life expectancy, are nigh impossible to predict. Researchers at Morningstar...

79% of Americans who make this one move won't run out of money in retirement, researchers say

If you plan to retire in 2025, one of the most important things you must do is ensure your finances are in order. Retirement is going to be a big change. You'll no longer have a regular income from...

I’m a Retirement Planner: Stop Wasting Money on These 7 Things If You Plan To Retire in 2025

While we adhere to strict editorial guidelines, partners on this page also provide us earnings. As children, we tend to get used to our parents being the ones in charge — even once we get older and have families of our own. But what if you find yourself in a situation where you have to take control of your parents’ finances?

My parents are in their 50s and they’ve done nothing to save for retirement — are they destined to struggle in their golden years? 5 simple steps to help them catch up

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsNinja

An Aldi shopper recently shared her disturbing experience with a moldy rice package from the supermarket, sparking debate. A TikTok user named @defonotlils posted a video on June 6 that quickly became popular, accumulating more than 674,600 views. In the video, she shares what happened after finding out about something.

This is why I don’t shop at Aldi: Woman can’t believe what she found in her packaged rice from Aldi

Inheritance can be life-changing. From paying off debt to investing in the future, it’s a financial turning point for many families. According to the Federal Reserve data, on average, American households inherit $46,200. However, this number is inflated by large amounts passed down in wealthy families. Here, we’ll get into the numbers and explore how inherited wealth can impact your financial planning.

The Average Inheritance Revealed: Here’s How Much Most People Receive

Business Insider

A new Transamerica report found that dwindling Social Security benefits are a key concern for middle-class earners, particularly in retirement.

The middle class's worst retirement fear

Retirement Daily

Understand the implications and potential benefits of how the SECURE 2.0 Act simplifies retirement planning by eliminating RMDs for Roth 401(k) accounts.

No More RMDs for Roth 401(k)s: What You Need to Know

With the Federal Reserve poised to start lowering interest rates, experts are divided as to whether the U.S. economy is in for a recession. Retirees and near-retirees perhaps face the biggest risks if an economic downturn upends their financial plans. Experts say there are certain questions to ask now to...

A recession could upend plans for people approaching retirement. Taking these steps can help, experts say

SmartAsset

Transferring funds from a pre-tax retirement account such as an IRA to an after-tax Roth IRA is a move many retirement savers might want to consider. A Roth conversion, as the move is called, has many benefits. It can help you avoid required minimum distributions, or RMDs, in retirement, as well as taxes on your […] The post Is It Wise to Convert 20% of My IRA to a Roth Each Year to Avoid Taxes and RMDs? appeared first on SmartReads by SmartAsset.

Is It Wise to Convert 20% of My IRA to a Roth Each Year to Avoid Taxes and RMDs?

TheStreet

These strategies can add to your wealth and cash flow in retirement.

Retirement: Your Social Security checks, 401(k) can be increased

Retirement can be the best time of your life -- but everything becomes a little more difficult when you don't have enough cash. As retirees look to supplement their income without committing to...

4 Ways Retirees Can Earn $500 in Passive Income a Month During Fall

Kiplinger

All that money in your tax-deferred retirement accounts? Uncle Sam is going to want his cut, so here's how to prepare for that.

Three Strategies to Cut Your Taxes in Retirement

What to know about annuities, which are seen as a reliable source of retirement income.

What You Should Know About Annuities

Financial Freedom Countdown

Fidelity’s analysis of 24 million 401(k) accounts across 26,000 employer-sponsored plans revealed that the number of 401(k) “millionaires” reached 497,000 last quarter, marking a 2.5 percent increase from 485,000 in the first quarter.

Retirement Wealth Soars as 401(k) and IRA Millionaires Thrive While Others Struggle

Entrepreneur

A new Fidelity report looked at data from more than 48 million retirement accounts.

More People Have $1 Million in Their Retirement Accounts Than Ever Before — Here's the Secret to Getting There, According to an Expert

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J. Souza

A man has sparked heated debate online after deciding to take a solo trip for his 40th birthday, despite his girlfriend's financial struggles. The man, who has been dating his girlfriend for three months, shared his dilemma on a popular Reddit forum.

Boyfriend Taking Vacation Alone Since Girlfriend Can't Afford It Asks if He's in the Wrong

Scams targeting older adults who have spent years building their savings are becoming more common. According to the 2023 Elder Fraud Report from the FBI, the agency's Internet Crime Complaint Center...

4 Things You Must Do If You Lose Your Retirement Savings to a Scammer

NewsBreak

You're More Likely To Run Out of Money in Retirement If You Don't Have One of These

People who don’t have a defined contribution plan, like a 401(k), are more likely to run out of money in retirement than those who do. More...

You're More Likely To Run Out of Money in Retirement If You Don't Have One of These

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