Many taxpayers’ primary financial aim is to have enough money for a decent retirement. It’s also an elusive goal to accomplish. Bloomberg reports that fewer than one-third of working Americans are confident they will have enough money saved to retire comfortably.
Category: 401(k), IRAs, Roth IRAs, 403(b)
Live the Luxury Lifestyle and Cruise the World while Retired
Today, several cruise lines offer retirement packages that allow seniors to live on board a ship full-time, often for a fraction of the cost of a land-based retirement community. These packages typically include meals, entertainment, medical care, and access to various activities and amenities, such as swimming pools, libraries, and fitness centers.
Withdrawing Retirement Funds: 3 Strategies to Know
If you think putting money down for retirement is challenging, wait until you figure out how to withdraw it while paying the least tax possible. State and federal income taxes and any estate or inheritance taxes can eat up as much as 70% of your retirement savings.
Here’s How Much 401(K) Plans Dropped Last Year
Preparing for retirement requires looking at the broad picture. Still, it may be disheartening when your 401(k) or other retirement plan takes a hit, as was the case for many American workers in 2022, according to new statistics from Fidelity.
