Our site uses cookies to improve your visitor experience. By browsing our website, you agree to the use of cookies and agree to our privacy policy.
Retirement Planning
How much money will you need to retire? As you think about retirement planning, there’s a lot to consider, including when to retire, where to live, 401(k) plans, IRAs, annuities, Social Security and more. Explore these articles to learn how to plan effectively and when to start saving for retirement.
Planning for retirement at every milestone age involves maximizing savings contributions, considering Social Security implications, and ensuring timely enrollment in Medicare to avoid penalties or coverage gaps.
When buying a house for retirement, it's essential to consider factors such as ongoing housing costs, the long-term livability of the home, and the location's climate, resale value, and amenities to ensure a comfortable and suitable retirement living situation.
Make money in retirement by pursuing enjoyable encore careers, engaging in part-time work, joining the gig economy, or renting out idle assets to enhance financial freedom, personal satisfaction, and overall well-being.
Annuity beneficiaries have options such as the five-year rule, lump sum, stretch option, rollover, and spousal continuation to claim their inheritance.
A custodial IRA is an individual retirement account where a child (or grandchild) is the beneficial owner, but an adult custodian is responsible for managing the investments and distributions until the child reaches the age of majority, allowing the child to start saving early and learn good financial habits for their future.
An annuity death benefit is a feature that provides financial protection to the beneficiaries of an annuity contract by offering a lump sum payment or ongoing income stream upon the annuitant's death.
A spousal IRA is an Individual Retirement Account that allows a working spouse to contribute on behalf of a nonworking spouse, maximizing retirement savings and tax benefits for both individuals.
Ways to help you get your retirement plan going are understanding importance of determining retirement income needs, prioritizing savings, choosing suitable retirement savings options, considering catch-up contributions for those aged 50 or older, and maintaining consistency in saving habits and wise financial choices to achieve a secure retirement.
The new 10-year rule for inherited IRAs could have a substantial impact on your inheritance, requiring you to withdraw the entire balance within a maximum period of 10 years and potentially affecting your tax planning and long-term financial strategy.
A joint annuitant is an individual designated to receive ongoing income or benefits alongside the primary annuitant, typically in the context of retirement or insurance plans.
The ideal contribution to a 401(k) depends on factors such as employer match, desired retirement income, current savings, years until retirement, and risk tolerance.
In your 20s, aim to save the equivalent of your annual salary by 30; in your 30s, three times, in your 40s, six times, and in your 50s and beyond, eight times.
Find out how you may be able to retire early — and learn what it takes to reach this big financial goal. Ready to leave work behind? It might be possible.
Whether you want steady retirement income to last your lifetime or seek confidence to meet whatever the future holds, establishing a plan is an important step toward guiding your retirement in the right direction.
An immediate annuity could help ensure a regular income in retirement. Learn how it provides guaranteed income by converting your assets into payments.
Individual Retirement Accounts (IRAs) are an excellent tool for saving money for your retirement and come in different types. In this article, we will explore the various types of IRAs and their benefits, so you can decide which type of IRA is right for you.
A vested 401(k) refers to the portion of a 401(k) retirement savings plan that an employee has full ownership over. Employers often set up a vesting schedule that determines when and how much of their contributions the employee will own.
A single premium immediate annuity (SPIA) could give you a steady stream of income in retirement. These five questions could help you learn more.
0
Loading
at
is typing...
Ready to Continue?
You have clicked a link to access information on an external website, so you will be leaving westernsouthern.com.
When you select a link to an external website, you are subject to the privacy, copyright, security, and information quality policies of that website. The Western & Southern Financial Group:
DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked website;
DOES NOT endorse linked websites, the views they express, or the products/services they offer;
CANNOT authorize the use of copyrighted materials contained in linked websites;
IS NOT responsible for transmissions users receive from linked websites;
DOES NOT guarantee that outside websites comply with the accessibility requirements of Americans with Disabilities Act.
