At 60 and above, many people start thinking differently about investing. At this stage of life, the main goal shifts to steady passive income instead of rapid mega-growth. ...

Beginning to receive your Social Security benefits can be an overwhelming part of the retirement planning process. There are a multitude of nuances, rules and regulations, often tucked into the fine print, so to speak. It’s easy to make choices, or fail to, that can harm your Social Security checks in big and small ways. Here are some common mistakes retirees make with their Social Security checks. Know them, so you can hopefully avoid them. Taking Benefits Too Early Many retirees decide to start colle ...

Most Americans think of retirement as a time when they can finally hang up their work boots and enjoy a life of leisure, whether that consists of traveling, spending more time with family or pursuing other personal dreams and goals. But the reality of higher living expenses and low overall savings can make retirement a difficult stretch for many. To help alleviate these concerns, Fidelity created a list of major money moves people can use to make their retirement more financially comfortable. Here’s a l ...

When you are no longer receiving a paycheck, you have a limited ability to replenish savings through work, which makes the size of your initial reserves an existential factor in retirement planning.In retirement you can no longer "earn your way out" of a surprise bill.During your working years, many emergency expenses are exacerbated by job loss. In retirement, that risk disappears, but the stakes of an emergency actually rise.Read More: The average net worth of Americans is a surprising $620,654. But it al ...

(And if you need additional help planning for retirement, consider working with a financial advisor .)Everything that follows from here can, and should, be tweaked depending on your preferences and details we don't have. However, I think this will get you close enough to make a reasonable estimate of how prepared you are to stop working.With all of the information about your assets but none about your lifestyle spending needs, that's analogous to the situation we have here. You've given me a clear picture o ...

Columbus, OH, Feb. 08, 2026 (GLOBE NEWSWIRE) -- Grimes Financial Group, a fiduciary investment advisory firm based in Columbus, Ohio, continues to strengthen its comprehensive financial planning framework through The Retirement BlueprintTM to address the growing gap between standalone investing and fully coordinated retirement planning. The Retirement BlueprintTM The Retirement Blueprint is a structured approach that aligns retirement income strategy, investment management, tax efficiency, risk management, ...

Quick Read Those born in 1960 face full retirement age of 67, the highest under current law. Claiming at 62 cuts monthly benefits by nearly one-third permanently versus waiting until 67. Break-even for delaying benefits to 67 occurs around age 78 to 80. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. If you were born in 1960, you're turning 66 in 2026 and facing a milestone that earlier retirees di ...

Many Americans are anxious about their retirement plans, and that’s no surprise, as the process can feel completely overwhelming. That’s when financial advice from a money expert like Suze Orman can be a game-changer. If you’re worried about whether or not you are truly prepared for life after work, it may be time to take some of her tips to heart.  Here are Orman’s four essential retirement planning steps to help reduce stress and protect your financial future. Step 1: Get Started Early Most young adu ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Quick Summary A 53-year-old with $2.45 million saved may be financially secure, but the shift from saving to spending makes tax and timing decisions far more important than raw returns. Test your retirement and tax strategy with a financial advisor through SmartAsset's free matching tool to help clarify how contributions, Roth conversions, and withdrawals fit together over the next decade. Build flexib ...

For starters, cash doesn't work for you the way investments do. In fact, it loses value in direct proportion to inflation. For instance, $2,000 at the turn of the century could purchase about $3,839 worth of goods today, provided it kept pace with the consumer price index. But if your cash has been sitting in a shoebox or a zero-interest checking account for 26 years, it would still be worth $2,000 today.Cash is king for those who hope to kick off the golden years in royal style. If you've built cash reserv ...