Important Ages For Retirement Planning: Age 70½Congress and the IRS decided that you cannot leave your pre-tax retirement savings growing forever tax-deferred, so they chose 70½ for you to begin mandatory withdrawals.
Important Ages For Retirement Planning: Age 65: Social Security MentalityCurrent thinking has 65 as the normal retirement age and that’s because at one time a worker could collect full Social Security benefits at age 65. No more.
Important Ages For Retirement Planning: Almost 60Almost 60 is technically 59½, the age you finally can get at those dollars you have been stashing away for years in your retirement plans without paying a 10% penalty.
Important Ages For Retirement Planning: Double Digits 55Age 55 seems to be a magical number. It’s the elusive goal for retiring early!
What No One Tells You About Medicare Coverage -- Phyllis (Vol. 3)Get What's Yours For Medicare Author Phillip Moeller warns of common but costly Medicare mistakes in the final of this three-part series.
The Need To Save More: Your Retirement FundRecently I was speaking about retirement planning and I was very disappointed when only about half my audience raised their hands when asked if they were actively saving for retirement.
What No One Tells You About Medicare Coverage -- Carol (Vol. 2)Get What's Yours For Medicare Author Phillip Moeller warns of common but costly Medicare mistakes in the second of this three-part series.
What No One Tells You About Medicare Coverage -- Glen (Vol. 1)Get What's Yours For Medicare Author Phillip Moeller warns of common but costly Medicare mistakes in the first of this three-part series.
Money Regrets: Not Saving Enough For RetirementI heard from retirees who had wished they had met me when they were 25. They regretted not starting to save for retirement until they were older.
Are You Over The Hill: Have You Saved Enough For Retirement?According to researchers at Simon Frasier University in Canada, cognitive performance peaks at age 24. I don’t think most folks in their 20s feel like they are over the hill.
Worcester Is The 5th-Worst Place To Retire, Report ClaimsWhen it comes to retirement locales, older Americans would rather be almost anywhere else in the country besides Worcester.
Retirement Realities: Health Care CostsAccording to the latest retiree health care cost estimate from Fidelity, a 65-year-old couple will need over $245,000 to cover medical expenses throughout their retirement.