Rethinking Retirement

The CARES Act allowed individuals to skip taking their required minimum distribution in 2020, but some people may have already received it prior to the onset of the policy. Therefore, the IRS said it will allow people to roll that cash back into certain defined-contribution retirement plans by Aug. 31.

If you plan to rely on Social Security as a primary source of income in retirement, it's important to ensure you're aware of a few of the ways you could potentially lose your benefits.

Social Security's COLA determination affects more than just what its 64 million-plus beneficiaries take home each month. The fact is that a 0% COLA could have high-income earners jumping for joy.

Whether you'd planned on retiring next year, in 2030, or much later, it's wise to revisit your financial plan in these uncertain economic times. Here are four strategies you can implement to improve your retirement outlook during this uncertain time.

Presumptive Democratic nominee Joe Biden has included some key details about how he'd handle the task in his recently released economic plan. If elected, Biden said he would make some big moves, including these three major changes.

If you're worried about your ability to retire, here are some things you can do to improve your retirement optimism starting right now.

Social Security benefits may not be the safest form of retirement income right now. But there's one type of investment in particular that can help ensure your senior years are financially secure.

The mean amount of preretirement income that workers think they'll need to replace is 67 percent, according to a study.

While everyone's withdrawal plan will be slightly different, there are a few rules to keep in mind as you're determining how much you can safely withdraw from your 401(k) during retirement.

Now is the time to mentally kick any unrealistic stereotypes you may have heard about an early retirement to the curb

Social Security is far from perfect, and the biggest issue of all just might be that Social Security benefits aren't keeping up with inflation, as initially intended.

If you're older and eligible for Social Security, you may decide to rely on those benefits to help you get through the current crisis. But be sure to think the following moves through before moving forward with them.

As a result of the average wage index, seniors who turn 60 in 2020 will be in line for a much lower benefit during retirement than those who turned 60 just a year ago. That is, unless lawmakers intervene.

It's been reported that Social Security won't bring in enough money to sustain its current payout level. What would this actually look like for the typical retired worker?

More seniors are interested in staying in their home and avoiding public facilities, which has driven the demand for in-home caregivers.

Many people's retirement savings took a hit back in March when the stock market tanked, and while it has largely recovered, we don't know what the rest of the year has in store.

While delaying Social Security may not be ideal, it could help a lot of people overcome the financial setbacks the pandemic may have caused them.

While it may seem odd to give up getting monthly checks for years, there are actually a few really great reasons why you might want to delay the start of your benefits as long as possible.

Working longer could be a smart move that potentially saves you a lot of money during your senior years, but delaying retirement also poses major risks that you'll need to consider.

A 401(k) can be a great place for your retirement savings, but as with many retirement account, there are limitations that could be making your job more difficult than it has to be.