Your personal retirement number depends on your lifestyle goals, investment risk and desired retirement age, among other key factors ...

When planning for retirement, it helps to know the average annual expenses. According to data from the Bureau of Labor Statistics, most retirees spend about $60,000 each year. This average provides a ...

What Is Retirement Income Tax? Retirement income tax refers to the portion of an individual's income that is subject to taxation during their retirement years. While many people assume that retirement ...

Planning for retirement can seem overwhelming, but using tools like a retirement calculator can make the process easier. Here, we will guide you through the steps to calculate how much you need to ...

If you have a target retirement age circled on your calendar, you might be planning around the wrong metric. According to ...

I have always believed that planning for retirement is one of the most critical steps in securing a stable future. In my career as a CFP and CEO at LifeGoal Wealth Advisors, I have worked with many ...

If you know how much money you need in the bank to comfortably retire, you're in the minority: Only 1 in 10 people make such a calculation, according to the Transamerica Center for Retirement Studies.

How much money will you need to fund your retirement? Do you know the exact number, or even a ballpark amount? This was a question posed by Tony Robbins. According to various reports, about half of ...

The 80% rule gives retirees a rough idea of how much they'll need annually in retirement. The 4% rule can help you decide how much you'll need in total in retirement. Using resources such as ...

If you want to retire early, you might want to consider the FIRE — financial independence and early retirement — approach. This movement has been gaining steam in recent years, as the views around ...

You don't have to take RMDs from Roth accounts. RMDs are based on your age and your account balance at the end of the previous year. The math is easier than you think. With the holiday season just ...

It's difficult to determine exactly how much money is enough to retire comfortably. Households earning $50,000 or more will need about 80 percent of their pre-retirement earnings to maintain their ...