There’s a possibility that I might have the genes to live into my 90s, but my dad was in the military for 25 years so all his healthcare is basically free. I don’t anticipate getting free healthcare, and you never know what’s around the corner — I might get hit by a truck tomorrow.I have a goal roughed out wherein if I quit, I use the IRA to support myself for three years (as it is inherited, I have to spend it within 10 years) while I wait for Medicare, and hopefully also wait that three years to apply for ...

GBJSTOCK / Shutterstock.com If you have reached a point where you can retire sometime before your 50s, you should feel great about hitting such a major milestone. This is exactly what those in the FIRE world aim for as the goal of early retirement is far more than just a dream, it’s a reality that can sometimes lend itself to dramatically saving every month to achieve. Key Points The couple has $3.5M in assets and saves $200K annually on a $325K income. A $1.5M home with 20% down would cost $8K to $ ...

As economic pressures mount, many Americans are feeling forced to delay their retirement plans. According to a 2025 report by F&G Annuities & Life (1), 70% of pre-retirees over 50 are considering delaying their retirement. A 2024 YouGov poll found that 59% of U.S. adults would like to retire before 65, but only 40% believed it was possible for them. (2) With concerns about inflation, investment returns and insufficient savings, delaying retirement until at least 65 may seem like a sensible decision. Ho ...

When you factor in Social Security, the financial picture can be a little better, as the average monthly benefit currently sits around $1,920 or an extra $23,000 in annual income. For higher earners, or those who have a $2 million portfolio, the benefit can reach as much as $4,000 monthly or around $48,000 per year, and a couple with dual benefits can go as high as $60,000. This means that you can take a $2 million portfolio and generate as much as $148,000 annually, which should provide a pretty comfortabl ...

Retirement in 2026 could look quite different from the retirements of previous generations. A number of factors are reshaping the retirement landscape, from higher-than-average inflation to new policy changes under President Donald Trump’s second term. To assess just how different retirement could look, I asked ChatGPT what the “new normal” for retirees will look like next year and how to prepare. It suggested that retirees should plan for more uncertainty, greater personal responsibility and a longer ret ...

If you’re approaching retirement with a sense of dread and unease, you’re not alone. Roughly 65% of retirement savers surveyed by global investment manager Schroders said they worry about money too much (1). Another 56% said their financial stress could even have an impact on their health. So if you’re worried sick about healthcare costs, inflation, lack of savings and interest rates, those feelings are perfectly normal. Still, if you’re retiring after hitting certain benchmarks, it could be a signal that ...

A higher-than-average household income helps residents build stronger retirement savings than many of their peers, while homeownership rates remain robust. That financial foundation gives Minnesota retirees a solid cushion, though the state’s higher cost of living can erode some of those advantages. For retirees who have already built up a healthy nest egg, Minnesota offers a stable environment, but it may be less attractive for those who need to make every dollar stretch.Still, the state’s higher overall t ...

If you have lower-interest loans designed to be paid off over the long haul -- like student loans or a mortgage -- then early payoff may not actually be for you. These kinds of debts may have low rates and interest may even be tax deductible, depending on your income and tax filing status. It doesn't make much sense to pay off this type of debt early when you could earn a better ROI by investing in the stock market.If you have credit cards, medical debt, or personal loan debt at a high interest rate, then y ...

If you’re one of the few American workers with a traditional pension, your retirement strategy likely looks different from that of your peers. As of March, 2025, only 14% of U.S. workers were covered by a defined benefit pension plan, according to the Bureau of Labor Statistics. (1) These plans are far more common among government employees and retirees. In fact, nearly 86% of state and local public sector workers have access to such a pension, according to Congress. (2) And in 2024, 56% of retirees repo ...

Saulich Elena / Shutterstock.com Quick Read BTC volume down on heels of FOMC ETH shows strength at $3,300 If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes to learn more here   The long awaited end of 2025 FOMC Meeting looms over markets, with BTC trading down slightly today at the $92k level. Since touching $94k yesterday, BTC has slowly ground down, but is seeing stro ...