Articles Tagged ‘retirement account’
When is it Appropriate to Adjust Your Target Retirement Age?
Thursday, November 3rd, 2016
The best way to give yourself the greatest chance to retire with a sufficiently large nest egg is to plan ahead. Among other things, this means to start saving as early as possible, to save consistently and try to maximize your contributions every year, to invest in a way that matches your investing personality, and perhaps even to set a target retirement date.
However, even if you successfully execute every aspect of your retirement plan, your personal situation may change in ways that might cause you to rethink the age at which you want or plan to retire....
How Much Income Will Your Retirement Account Produce?
Thursday, October 13th, 2016
Accumulating money in your various retirement accounts is a long-term process. And that process is the focus of many individuals when it comes to retirement planning. But the accumulation of assets, saving over time, and proper retirement investment selection is only part of the process.
In order to fund your living expenses during retirement, you’re going to need to take distributions from your account. Those distributions can come from the proceeds of investments within the account that you sell off, or from income that is generated by investments within your account. Here are some tips for deciding when...