At age 87, Rebecca Reed would like to spend her days socializing with friends and, in her words, “eating candy and watching TV.” Unfortunately, she doesn’t have the money for it – and she’s not sure she ever will. According to a recent Business Insider interview, Reed has to continue working as a church secretary … Read more
Personal finance guru Dave Ramsey recently weighed in on the topic of 401(k) retirement plans and a lesser-known enhancement to the concept called the “Roth 401(k).” And I have to say: I’ve rarely seen a concept explained more clearly in 45 seconds than Ramsey did in this video. Here is the text of what Ramsey … Read more
YuriArcursPeopleimages / Envato Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Announcing your retirement months in advance is often considered a courtesy to your company. Not only does it give your employer time to manage the transition and hire a replacement, but it also gives you enough … Read more
The new year will bring countless retirement-related changes for savers and retirees alike. Here’s a summary of the main retirement changes for 2026. The amount you can withdraw for your golden years will increase modestly. The contribution limit for Individual Retirement Accounts (IRAs) increases to $7,500, and the catch-up contribution limit for people over 50 … Read more
During his 40-year career, Scott Scovel saved $3 million for retirement. But when he retired, he was so focused on saving that he struggled to start spending. Spending tactics such as a $50,000 “war chest” helped him adopt a carpe diem approach. I’ve spent a lifetime scrimping and worrying about my retirement portfolio and savings, … Read more