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Avoid Rollover Mishaps – Money moved from an employer’s retirement plan should be transferred directly from the 401k plan to the custodian of your IRA. The check should be made payable to the custodian of your IRA account, not to you.
Rather than improving your decision-making process, too much information makes it harder to make logical and rational investment decisions.
Studies have found that the average inheritance is spent within five years and one third of those receiving an inheritance have negative savings within two years.
Outliving your money is one of the greatest fears of individuals and couples planning for retirement. This is largely driven by uncertainty around medical expenses. Medical expenses will represent one of your largest expenses after housing and transportation.
Taxes on long term capital gains and qualified dividends are progressive - a higher tax rate is imposed on those with a higher income.
One of the biggest concerns in retirement is outliving your money. Before considering early retirement, calculate how much will be needed to meet your desired lifestyle, including inflation and unexpected expenses.