After the Covid-19 Pandemic—How It Has Impacted Retirement

Jane and Steve were planning on retiring in five years. Now, a year after the COVID-19 pandemic, those plans have changed. When Steve’s business wasn’t doing well this past year, they couldn’t contribute to their retirement … [Read more...]

Are RMDs Back This Year or Will They Be Waived Again?

Q. I turned 70 in November 2019. I was planning on taking my first required minimum distribution (RMD) in May 2020 (when I turned 70½) until the government waived 2020 RMDs. Is my first RMD now due by May 2021? What about my wife, … [Read more...]

How the Pandemic has Reshaped the Way We Look at Retirement

Q. My husband and I have been working for nearly 35 years each and are due to retire in the next few years, but things seem uncertain for everyone now. My understanding is that the pandemic has added new challenges to the … [Read more...]

When You’re Navigating Retirement as a Solo Ager

Q. I’m 58 years old and am single. I would like to retire in the not so distant future, but most of the information available is for married or even divorced people, and I’m feeling lost. I’m not feeling confident about retirement … [Read more...]

Understanding the Changing RMD Landscape in 2020

Q. I understand that the rules for Required Minimum Distributions (RMDs) from workplace retirement plans and individual retirement accounts have changed this year due to the SECURE Act earlier in the year and the recently enacted … [Read more...]

Retirement Risks faced by Millennials, Generation X, and Baby Boomers

Q. My husband, Glenn, and I are in our 50’s and deciding when to retire. We’re finding decisions about retirement (when to retire, where to retire, how much to save, etc.) to be some of the biggest decisions we have had to make. … [Read more...]

Critter Corner: Top 10 Ways to Plan for Retirement

Dear Magic, I am hoping to retire in the next 10-15 years. Do you have any tips to help me plan ahead? Thanks Rhea Tyre --- Dear Rhea, The U.S. Department of Labor recently released a helpful compilation of things you can … [Read more...]

Why Retirement Planning Is Even More Important During a Pandemic (Part 3 of a 3-part Series)

Randy Smythe, 60, took an early retirement last September after a career in e-commerce sales and soon took off to spend a year visiting the national parks while renting out his home. Now, similar to most Americans, he’s stuck at … [Read more...]

Critter Corner: IRAs and Taxes in 2020

Dear Ernie and Jannette, As part of my retirement portfolio, I have IRAs. I'd like to make the most of these accounts and save money on my taxes both now and in the future. Do you have any tips that could help? Thanks! Ira … [Read more...]

Elder Index Measures the True Cost of Retirement

Q. My husband and I plan to retire in the next 5-10 years. We’ve been saving, but we’re not sure we have enough to retire comfortably. Is there any one place to look at all of the costs of retirement to figure out how much we will … [Read more...]