Fidelity’s retirement planning tool shows how much leeway you have and what moves the needle. It isn’t designed to give year-by-year tactical guidance.
You don’t have to be precise when you have a large margin of safety. It reduces stress and it makes your solution more robust against adverse conditions.
Some of the old rules for buying versus renting when you’re relocating are either outdated or don’t apply to everyone. Here are some new rules.
Social Security Administration added an interactive chart in the online account but a third-party tool still does a much better job.
Next time you hear “people used to have a pension,” think “people used to save 15-20% of their pay.” Nothing stops you from doing so today, unless you don’t want to.
Having both current income and an investment portfolio makes you financially more secure. That’s the smart way to do FIRE.
401k and IRA contribution limits are adjusted for both inflation and deflation. If we have bad enough deflation, the limits can go lower.
While everyone says get the 401k match, lower income employees end up losing out in a system against them.
How do you decide which payment option is the best for your pension? A lump sum, lifetime monthly payments, or a joint & survivor pension?
Retiring early means lower average earnings for calculating Social Security benefits. However, once you reach the second bend point, you aren’t losing much. I show you how to see when you will reach the second bend point.
If your employer has an outdated 401k match policy you will have to do extra work. Employers current with the best practice give a true-up match every payroll.
Reject FOMO. Go at your own pace in preparing for retirement.