Alright, fellow feds! Let me spill the beans on the million-dollar question that’s probably keeping you up at night as you approach your golden years – when exactly should you hang up your federal employee hat? As a financial advisor who’s helped hundreds of federal employees transition to retirement, I can tell you that timing … Read more
Last updated October 4. 2025 Are you wondering if your Social Security check magically goes up when you turn 72? You’re not the only one! A lot of retirees and people who are about to retire ask this question, especially since there is a lot of confusing information online. I’m going to explain it to … Read more
With a Roth IRA, contributions are not tax-deductible, but earnings can grow tax-free, and qualified withdrawals are tax- and penalty-free. Roth IRA withdrawal and penalty rules vary depending on your age, how long youve had the account, and other factors. So you’ve been diligently contributing to your Roth IRA for retirement, but now you’re dreaming … Read more
There is no fixed retirement age in the UK. In other words, an employer can no longer force any employee to retire when they get to a certain age, which used to be the case. There is no longer a default retirement age of 65 in the UK. This means that you can work as … Read more
Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Heres an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy. Bankrate logo. Founded in 1976, Bankrate has a long track record of helping people make smart financial … Read more
Ever found yourself staring at your retirement account balance and wondering, “Is this enough?” You’re not alone. I’ve spent countless nights crunching numbers and worrying if my nest egg will keep me comfy through my golden years. The truth is figuring out how much you need monthly to retire comfortably can feel like solving a … Read more
If you’re old enough to get the Age Pension, you should have some cash saved up and hopefully a good amount in super to see you through retirement. But you probably don’t want to be digging into your savings regularly. If eligible, the Age Pension could help you stretch your savings for longer after you … Read more
Average retirement savings is a popular topic. But, new analysis using the Survey of Consumer Finances (SCF) data reports on what it takes to be in the top 1%, 5%, 10%, and 50% of wealthiest retirees. Scroll down to see how you compare. In order to understand what it means to be wealthy as a … Read more
A backdoor IRA is a legal way for people with high incomes to avoid the limits on Roth IRA contributions based on their income. Do you make too much money to contribute directly to a Roth IRA but still want those sweet tax-free withdrawals in retirement? A backdoor Roth conversion might be your ticket to … Read more
Have you ever wondered what happens to your retirement savings while you’re busy working? How do pension plans actually work behind the scenes? I’ve spent considerable time researching funded schemes, and I’m excited to share what I’ve learned in simple terms What Are Funded Schemes? Funded schemes are a type of financial arrangement in which … Read more