Thinkstock Quick Read People with a financial advisor have approximately double the retirement savings compared to those without one. Retirees who claim Social Security at suboptimal times lose hundreds of thousands of dollars over their lifetime. Financial advisors help non-wealthy individuals budget and maximize tax-advantaged retirement accounts. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. ...

Jackson® (NYSE: JXN) is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award- winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community p ...

When it comes to retirement planning, few voices are as influential as Suze Orman. As a New York Times best-selling author and former Emmy-winning television personality, Orman is a financial advice powerhouse. Read Next: Financial Advisors Weigh In: Whose Plan for Retirement Is Better, Dave Ramsey or Suze Orman? For You: 5 Clever Ways Retirees Are Earning Up To $1K Per Month From Home Needless to say, Orman is highly esteemed for knowing her stuff. And when it comes to retirement, she has several helpfu ...

Perhaps you have built up more than enough savings to support your retirement and wish to pass on some of your assets to future generations. Multigenerational goals will require a different outlook. In this case, maintaining a more aggressive, equity-oriented asset allocation could make sense since the time horizon will extend beyond your retirement period into the next generation(s). (And if you need help setting financial goals, like retiring by a certain age, a financial advisor can help .)If you feel th ...

Key Points Many changes happen to Social Security each year. Some changes impact current retirees more than others. In 2026, work limits and the COLA will have the biggest impact. The $23,760 Social Security bonus most retirees completely overlook › If you are retired, there is a good chance you're getting at least some -- and potentially most -- of your household income from the Social Security Administration. Social Security benefits are a critical source of funds for seniors because they don ...

Planning for retirement helps you determine retirement income goals and prepare for the unexpected. Browse Investopedia’s expert-written library to learn more. https://t.co/rCgTYypBwf ...

Key Points Don't take withdrawals without a plan. Don't unload too much risk. Don't forget about the importance of cash. The $23,760 Social Security bonus most retirees completely overlook › If you're gearing up to retire in 2026, you may be spending the next few months counting down happily in your head. Hopefully, though, you'll be doing a lot of financial planning as well. It's important to decide when to claim Social Security ahead of retirement so you choose the filing age that works for yo ...

FG Trade Latin/Getty Images A 2.8% COLA provides some relief, but it won't erase the underlying worry. Key Takeaways Despite a 2.8% cost-of-living adjustment (COLA) for 2026, 39% of middle-class Americans fear Social Security benefits will be cut in the coming years, according to a recent report. Many retirees say the annual COLAs haven’t kept up with real-world costs, and polling shows broad skepticism that the raise is “enough.” Inflation, policy uncertainty, and longer life spans could steadily er ...

Key Points It's a good idea to do some portfolio rebalancing ahead of retirement. Make sure you're not too heavily invested in volatile assets. Line up steady portfolio income and reserve some cash as a backup plan. The $23,760 Social Security bonus most retirees completely overlook › If you're planning to retire in 2026, you've probably begun what should be a very joyous countdown. But it's important to do the right amount of last-minute planning before your career comes to an end. One importa ...

Core Insights - The article discusses the growing popularity of Roth 401(k) plans and highlights the importance of considering them for retirement savings [2][3] Group 1: Roth 401(k) Plans - Roth 401(k) plans have become more popular, with 85% of employer-sponsored plans offering this option, yet only 18% of employees utilize it [2] - Unlike Roth IRAs, Roth 401(k) plans do not have income limits, making them accessible to high earners [4][5] - Contributions to Roth 401(k) plans are made with after-tax dollars, allowing for tax-free withdrawals in retirement if certain conditions are met [6][7] Group 2: Expert Opinions - Personal finance expert Suze Orman emphasizes the advantages of Roth 401(k) accounts, arguing that individuals should prioritize them regardless of their tax bracket [5] - Orman warns that traditional 401(k) plans, while providing upfront tax benefits, can lead to tax liabilities upon withdrawal in retirement [6]