I’m 24, live with my mom and pay rent — I think I’ll need $2 million in retirement. Do I save that much?: The key with anyone in their early 20s: just get started. Here’s what else to consider.
I never expected to retire to Panama — but we are living ‘very comfortably’ on $1,200 a month: Areas outside of the U.S. can be surprisingly affordable, enjoyable places to live, but you have to know what to look for.
The Social Security crisis that almost no one is talking about: Retirement and disability benefits aren’t the only aspect of Social Security Americans need to pay attention to — Supplemental Security Income is another.
Also on MarketWatch:
What’s the difference between a revocable and irrevocable trust?
18 of the best new and used cars for seniors
Vanguard reverses decision to cut retiree medical benefit after employee outcry
This simple investment can earn you more than 6% with no risk
Why I won’t do a Roth IRA conversion — even if this is the last chance
Phishing emails, texts and calls — scamming is getting worse, so stay up on the latest cons
Nursing home occupancy dropped significantly in the wake of COVID-19
More in retirement news:
How to prepare for a retirement without Social Security income (GOBankingRates)
Do you really need $1 million to retire?
Colorado treasurer visits Aspen, talks state retirement plan (Aspen Daily News)
How to get back on track after a COVID retirement crackup (401(k) Specialist)
Americans fear pandemic will erode retirement plans, survey says (Financial Advisor)
3 Social Security strategies to bankroll your retirement (Greensboro News and Record)
Research and Insight:
4 Medicare secrets that could ruin your retirement (The Motley Fool)
Pandemic shifts Americans’ retirement timetable (BenefitsPRO)
Are today’s workers dramatically underestimating the cost of retirement? (Arizona Daily Star)
Headlines sway perception of Social Security (Center for Retirement Research at Boston College)
To share with your family, friends and clients:
Why I’ve dumped my smartphone
Should I convert my traditional IRA to a Roth IRA?
‘I couldn’t possibly live up to the image.’ The star of ‘Pollyanna’ on her struggles with childhood fame — even 60 years later
Your index funds may not be as diversified as you think
Robots are hiding 27 million workers from employers who need them
How to give your heirs quick access to your bank accounts when you die It’s OK to splurge on things that are important to you — even when you’re saving for retirement