Some Surprising Good News On December 29, 2022, The SECURE ACT 2 become law and changed many items that can affect retirees, pre-retirees, and all American’s financial picture in fact. There is a lot of good news with these changes, and some of them are a little surprising to us, given the country’s terrible financial […]
Many people fail to think about their retirement until their 40s or 50s. However, this is a mistake. Putting off retirement planning can force you to postpone your retirement, sell your home and downsize, or otherwise compromise your plans for your golden years. To make sure you’re fully prepared for your retirement, start planning today […]
When you are in the prime of your life, retirement may seem like a long way off in the future. Maybe this perception is the reason why 60 percent of Americans haven’t determined how much they’ll need for retirement. However, if you want to enjoy a financially secure retirement, now is the best time to […]
401(k) plans are hailed by many financial experts as one of the easiest and most convenient ways to save for retirement. However, according to data from the US Census Bureau, although an estimated 79 percent of American workers have access to a 401(k) plan through their employer, only 41 percent of those choose to take advantage […]
For most Americans, large portions of their money sit in retirement accounts without a second thought. Few even consider those funds again until they begin to approach retirement age. One often-overlooked area in retirement is the issue of required minimum distributions (RMDs) and how they might affect you in the future. Many people reach their […]
Retirement planning is a long process, and it can be intimidating for many people. The vast majority of workers, in fact, have not taken even the most basic first steps to begin planning for their eventual retirement. However, the process can be more straightforward than you think. There are a few easy steps you can […]
When it comes to retirement, most Americans today have some form of defined-contribution plan for their retirement, typically through their employer. The most popular retirement plan today is probably a traditional 401(k) plan. Self-employed Americans, on the other hand, don’t have an employer to sponsor a retirement plan for them. In some cases, they may […]
Even if you are young and not currently thinking about retirement planning, know that you should be. Research shows that the earlier you can start saving for your retirement, the better off you will be and the more likely it is that you will meet or exceed your retirement savings goals. There are several different […]
Nowadays, most people cannot count on Social Security to provide enough income during their retirement years. They will need to think strategically about the types of accounts they will need once they retire and make sure they set themselves up for financial security. The tax-advantaged retirement accounts generally come in two different setups. The traditional account, such […]
Robert M. Ryerson has worked as a Certified Financial Planner since 1991. On a mission to help America’s workers secure their financial freedom during retirement, Robert M. Ryerson educates people about to retire on required minimum distributions (RMDs) and how they will affect their taxes during retirement. Once a person reaches the age of 70 and […]