As Head of Financial Planning, Jason is a strategic partner who is responsible for developing the strategy, managing the planner teams, and coordinating personal financial planning activities across Citizens Wealth Management to help clients navigate and grow in changing circumstances. Today, the average American retires at around age 63. But what if youre thinking about … Read more
What should you do to start saving for retirement when you’re already old? This is a question that more and more people who are almost retired but don’t have much saved are asking. Margaret C. and her husband are part of this group. She recently wrote to tell us about her situation. “I am 60, … Read more
Thinking about kicking back and enjoying retirement at 60 with $400,000 saved up? You’re not alone. This question crosses the minds of many Americans approaching their 60s who want to know if their nest egg is sufficient for an early exit from the workforce. Yes, you can retire at age 60 with $400,000, but it … Read more
Ever wondered if $15 million is enough to live on for the rest of your life? You’re not alone! With rising inflation and healthcare costs, many folks are questioning if their retirement nest egg will be sufficient. I’ve dug into the numbers, crunched some calculations, and can tell you—yes, you can live off $15 million, … Read more
These reviewers are experts in their fields and professional writers who often work for reputable newspapers and magazines like The New York Times and The Wall Street Journal. Our expert reviewers review our articles and recommend changes to ensure we are upholding our high standards for accuracy and professionalism. Our expert reviewers hold advanced degrees … Read more
A qualified retirement plan is an investment plan offered by an employer that qualifies for tax breaks under the Internal Revenue Service (IRS) and ERISA guidelines. Because an individual retirement account (IRA) is not offered by employers, a traditional or Roth IRA is not considered a qualified plan, although they feature many of the same … Read more
It’s not hard to understand why Roth IRAs are popular – who wouldn’t want to build up a savings account that can provide tax-free income during retirement? But contributing to a Roth can be difficult to do as it requires compensation income, and total income that falls under a certain threshold. Fortunately, there is a … Read more
Check to see what the tax effects will be before you make the change. Part of the series: Strategies to Get the Most Out of Your 401(k) If you are considering leaving a job and have a 401(k) plan, you need to stay on top of the various rollover options for your workplace retirement account. … Read more
If you’re the Executor of someone’s estate, there are many steps to follow, including showing an accounting to beneficiaries. Here’s what you need to know!. As the executor or administrator of an estate, you’re beginning to acquaint yourself with the requirements of your role. What are your duties? Do you get paid? What decisions do … Read more
Dreaming of saying goodbye to the 9-to-5 grind a whole decade and a half before traditional retirement age? You’re not alone! Early retirement at 50 is becoming an increasingly popular goal for many Americans who want to reclaim their time and enjoy life while they’re still young enough to make the most of it But … Read more