For example, let's say you have $490,000 in a 401(k) and make $80,000 per year. What kind of retirement budget are you on track for? Here are some major considerations. You can also use this free ...

A retirement budget balances your expected income in retirement with your expected living expenses and taxes. Financial planners may use some rules of thumb to generate estimates of how much you are ...

Age 65 is a major transition for many individuals as they shift to thinking about retirement and begin to contemplate ...

Social Security benefits play an important role in retirement income. But for retirees who may not need some or even all of ...

A salary of $100,000 might seem like a lot, but without the right budget, your money can disappear quickly. Here’s a look at ...

There’s a widespread rule of thumb that retirees need about 70% to 80% of their pre-retirement income. However, this ...

A luxury travel lifestyle will require a bigger budget than more modest plans, so it’s essential to set realistic expectations early. Retirement budgeting is about more than covering the basics ...

Taking action in these areas can help any business owner not only improve their financial security and confidence but also ...

Pro tip: Begin by crafting a year-one retirement budget. Include anticipated expenses ... as new opportunities or challenges arise Real-life example: Steve and Linda found unexpected joy in ...

A retirement budget balances your expected income in ... withdrawals will be taxed as ordinary income. Remember, these examples are simplified for illustrative purposes. Consider speaking with ...

For example, let's say that you're 48 years old and currently make $95,000 per year. With $430,000 in a 401(k), what kind of retirement budget should you plan for? Here's how to think about it.