You may want to consider Roth IRAs if you wish to add to your 401(k) or don’t have a 401(k) and need an alternative way to save for retirement. We’ll talk about Roth IRAs, how they differ from other retirement accounts, and how you can decide if you want one.
Over the past two decades, divorce rates for people over 50 have more than doubled. Divorcing later can significantly impact your financial security. Indeed, divorce can potentially halve your assets while tripling your expenses, which can be especially damaging if you don’t have decades to recover
According to new research, Americans who transfer money from a workplace retirement plan to an individual retirement account may be caught off guard by seemingly minor increases in fees that can significantly erode savings over time.
The number one retirement expense is Health Care. The typical 65-year-old American couple’s healthcare bills after retirement would be enormous: The Boston-based wealth management behemoth Fidelity Investments estimates the retired couple would need 315,000 to cover unpaid medical expenses throughout their lifetimes. These are expenses that Medicare will not cover.
However, you can potential lower these expenses if you do this: