You can use MaxiFi online financial planning software to model big financial decisions such as retirement and housing. It’s is inexpensive and useful.
Which Financial Decisions Require Extra Attention and Which Don’t
Some financial decisions require extra attention upfront and others don’t. Asking these 3 questions helps you distinguish which is which.
Two Fundamental Drivers of Financial Success in Retirement
Keep your eyes on these two fundamental drivers that determine the financial success of your retirement. Don’t get distracted by the optimization tactics.
Fidelity Retirement Planning Tool: High-Level Model, Not Tactical
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.
Calculator: How Much of My Social Security Benefits Is Taxable?
Use this online calculator to see how much of your Social Security benefits is taxable and how much of it is tax-free.
2024 2025 ACA Health Insurance Premium Subsidy Slope
The Inflation Reduction Act extended the ACA premium subsidy cliff to a slope through 2025. The cliff will return in 2026 unless a new law is enacted.
Relocating for Retirement: Buy or Rent – Old Rules and New Rules
Some of the old rules for buying versus renting when you’re relocating are either outdated or don’t apply to everyone.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.
401k vs Pension: How To Get As Much From a 401k As a Pension
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.
Is It Better to Withdraw Only from Cash and Bonds in a Bear Market?
Having X years of spending in cash and bonds and withdrawing only from cash and bonds in a bear market isn’t any better, and it can be worse.
401(a) Plan Contribution Limit
A 401(a) plan allows additional contributions on top of 401(k), 403(b), and 457 plans.
Pension Choices: Lump Sum, Single Life Or Joint & Survivor
How do you decide which payment option is the best for your pension? A lump sum, lifetime monthly payments, or a joint & survivor pension?
Save Early Versus Experience Early
While saving early is a great, prioritizing experiences over income and saving for retirement in early life can be a better strategy.