Taylor Hill/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. How much money do you really need to retire without losing sleep at night? If you think your 401(k) alone will cut it, think again — one wrong market move could put your retirement plan to sleep. But figuring out how much you’ll need to enjoy your retirement isn’t straightforward. The costs can add up fast between health care, housing, groceries and maybe even a vacation or two. M ...

You may have more leisure in retirement, but that doesn’t mean you should put your finances on autopilot. With costs increasing, tax rules changing and withdrawal deadlines threatening to ding your income, a few smart tweaks now can protect more of what you’ve saved. Check Out: The New Retirement Problem Boomers Are Facing Learn More: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too GOBankingRates asked ChatGPT for the top five money moves every retiree should make now. He ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A 27-year-old finance worker who inherited $1 million from his late mother wrote on Reddit, "I just feel stupid fretting over a 6% match," referring to his company's retirement plan. He earns $120,000 a year and said he's unsure whether to keep saving now that the inheritance is held in a trust. In a post shared on Reddit's r/Fire, the original poster explained that he doesn't plan to draw from the trust e ...

Key Points An early withdrawal could leave you with a major shortfall. A low-risk portfolio may not keep up with inflation. A single retirement account could make it difficult to access your money later on and limit your options. The $23,760 Social Security bonus most retirees completely overlook › There's a reason workers are encouraged to save as well as they can for retirement. You might need the extra money once your career comes to an end. If you earn an average paycheck, Social Security mi ...

NEW YORK, Oct. 27, 2025 (GLOBE NEWSWIRE) -- PensionBee (LON: PBEE) announced today a partnership with Madison Square Garden Entertainment (NYSE: MSGE). The award-winning fintech brand, known for simplifying retirement savings, will join Madison Square Garden as an official College Hoops Partner. As an official College Hoops Partner, PensionBee will receive prime in-venue digital signage placement throughout the arena during key regular-season college basketball games. The collaboration aims to bring financi ...

The balance here is that the longer you wait to take Social Security, the more you will likely have to draw on your IRA to replace that income. This will reduce your overall principal. However, in trade, the longer you wait the higher your lifetime benefits will be. For comparison, let's assume a retirement until age 95 (33 years). Here is how much money you would withdraw from your IRA to generate an $80,000 annual income, based on taking benefits at age 62, 67 and 70. (Don't worry that this is a lot more ...

Key Points Seven states offer exemptions for various forms of retirement income. Nine states don't have any state income tax, which also applies to retirement income. Remember that Federal tax rules apply to Social Security regardless of your state's rules. The $23,760 Social Security bonus most retirees completely overlook › People (ideally) spend decades preparing for retirement, whether it's paying into the Social Security system, stashing money and investing in various retirement accounts, or ...

Core Insights - The article discusses the benefits of incorporating taxable accounts into retirement savings strategies, challenging conventional wisdom that prioritizes tax-advantaged accounts like 401(k)s and IRAs [1][2]. Taxable Accounts Benefits - Taxable accounts provide easier access to funds before age 59-1/2 without incurring early withdrawal penalties, offering greater liquidity compared to traditional retirement accounts [3][11]. - The IRS tax treatment of long-term capital gains is generally more favorable than regular income tax rates on retirement plan distributions, allowing for tax diversification in retirement portfolios [4][9]. - Taxable accounts can serve as a secondary emergency fund, providing liquidity for unexpected expenses without disrupting tax planning or retirement account growth [13][14]. Flexibility and Contribution Limits - Taxable accounts are beneficial for individuals without access to a 401(k) or those who have maxed out their contributions to IRAs, allowing for additional savings beyond the annual limits [7][16]. - A three-bucket approach to retirement savings, which includes taxable accounts, enhances flexibility in managing tax liabilities upon withdrawal [8][20]. Tax Efficiency Strategies - The tax efficiency of taxable accounts has improved, with broad market exchange-traded funds reducing tax drag and simulating tax deferral benefits [17][18]. - Strategic asset location can further optimize tax efficiency, with stocks placed in taxable accounts and certain dividends in tax-deferred accounts [19][20]. Conclusion - A diversified approach to retirement savings that includes taxable accounts can enhance overall financial flexibility and tax efficiency, ultimately benefiting long-term retirement planning [10][21].

Key Points With an HSA, you get to decide how much to spend and how much to save for retirement. It's possible to invest the funds in your HSA, allowing them to take advantage of compound interest. As long as they're used for qualified medical expenses, withdrawals from an HSA are tax-free. The $23,760 Social Security bonus most retirees completely overlook › If the first thing you thought upon learning your company offered only a high-deductible health plan (HDHP) was, "Well, nuts," there's some ...

Company Overview - Kearny Financial Corp (KRNY) has total assets of $7.7 billion[19], total loans of $5.8 billion[19], total deposits of $5.7 billion[19], and total capital of $0.7 billion[19] - The company's market capitalization is $425.3 million[19] and the tangible book value (TBV) per share is $9.77[19] - The company operates 43 full-service branches across 12 counties in New Jersey and the New York metro area, with plans to consolidate three branches to 40 by October 2025[23] Financial Performance - The company experienced growth in net interest income throughout fiscal year 2025, increasing from $32.446 million in Q1 to $35.843 million in Q4[33] - Net income also increased from $6.092 million in Q1 to $9.941 million in Q4[35] - The net interest margin improved from 1.80% in Q1 to 2.00% in Q4[33] Credit Risk Management - The company's cumulative charge-offs between 2006 and 2025 totaled $39.8 million[38] - The company maintained an average annual net charge-off rate of nine basis points between 2006 and 2025, compared to 48 basis points for all commercial banks (US banks not among the top 100)[38] Strategic Initiatives - The company aims to deepen client relationships through personalized cross-selling and targeted digital outreach[41] - The company intends to build a stable, low-cost funding base to reduce reliance on higher-cost alternatives[43] - The company plans to expand into new and adjacent markets to diversify lending opportunities[45] Operational Efficiency - The company is deploying real-time KPI dashboards for advanced performance tracking[49] - The company is automating workflows with RPA and AI and unifying processes via top automation platforms[53] Kearny Investment Services - Kearny Investment Services has generated $8.7 million in gross revenue since inception[55] - The investment services team manages $369 million in assets under administration[55]