Social Security: How to Maximize Your Benefits
Discover essential insights on Social Security from financial expert Suze Orman and others, offering a roadmap to secure and maximize your retirement benefits amid the system’s future uncertainties.
Retirement
Prepare for a secure and fulfilling retirement by understanding retirement planning, investment strategies, Social Security, and pension options. Learn about healthcare considerations, lifestyle choices, and income sources during retirement. Plan ahead to enjoy your golden years.
The 401(k) Rollover Gap
Faced with a new job’s 90-day probation and a 60-day 401(k) rollover window? Anika Patel explains how to bridge the gap, secure your retirement savings, and avoid common pitfalls.
A Fresh Look at Financial Readiness at 70
In a world where the golden years of retirement are no longer bound by the conventional expectations of yesteryear, how much does the average septuagenarian have tucked away in their nest egg? This is not just a question of numbers but a reflection of the changing landscape of retirement, aspirations for leisure and adventure, and … Read more
Understanding the Safe Harbor 401(k)
The Safe Harbor 401(k) offers a host of advantages to both employers and employees, from avoiding complex non-discrimination testing for employers to guaranteed employer contributions for employees. Like other 401(k) plans, Safe Harbor 401(k) plans also offer tax advantages.
How Climate Change is Reshaping Retirement Planning
Lily Kensington dives into the challenges climate change poses to retirement planning, offering insights and strategies to secure your financial future in a warming world.
A Single Parent’s Roadmap to Retirement
Gain insights into effective retirement planning strategies tailored for single parents, ensuring a secure and comfortable future for you and your children.
Explaining Cryptocurrency to Your Parents
Dive into the world of cryptocurrency with our beginner-friendly guide. Learn the basics, debunk myths, and discover how to start exploring digital currency with confidence and a touch of humor.
The Unique Financial Challenges of Generation X
As a member of Generation X, the “sandwich generation,” I can attest to the unique financial challenges we face. We are often balancing the costs of raising children, supporting aging parents, and planning for our own retirement. Our financial responsibilities seem to pull us in multiple directions, making financial wellness feel like an elusive goal. … Read more
Retirement Planning Advice for Self-Employed Parent
Could you offer some advice on what retirement savings options are available to self-employed individuals like me? And how should I prioritize my savings between retirement and my kids’ education?
Artificial Intelligence in Retirement Planning
Artificial intelligence (AI) is transforming industries across the board, and personal finance is no exception. One area where AI’s influence is particularly noteworthy is retirement planning. For many people, planning for retirement is a complex, sometimes overwhelming task, full of unknowns. However, AI-powered tools are aiming to make retirement planning more accessible, precise, and user-friendly. … Read more
How To Help Mom Retire With No Savings
I have financial power of attorney for my 59-year-old mother, who earns around $11 per hour and just manages to cover her $700 monthly rent and living expenses. I’m her only child and live in a region where the cost of living is low, while my income is decent. How can I effectively prepare for … Read more
What Are Our Long-Term Financial Goals?
This question, “What Are Our Long-Term Financial Goals?”, isn’t merely a roadmap to financial success; it’s a compass that keeps both partners sailing towards shared dreams. It transcends dollars and cents to become an exercise in mutual understanding, empathy, and shared aspiration.
How to Kick-Start Your Retirement Savings
Back in my 20s, I used to think of retirement as an abstract concept, something so distant that I could comfortably put it off, focusing instead on more pressing matters like trying to remember where I left my car keys or keeping up with the latest alternative rock hits. As I got older, my lack … Read more
Invest or Pay Off Debt? 401(k) vs Student Loans
Are you staring down the barrel of hefty student loans while also eyeing the potentially lucrative horizon of 401(k) investments? If you’ve just landed a new job, congratulations! But, with that comes a new financial dilemma. The good news is, you’re not alone in this predicament. Many young professionals grapple with the decision to prioritize … Read more
Helping Parents With a Late-Stage Retirement Plan
Got a bit of a pickle here, mate. So, my folks, both pushing 60, run their own business – no employee retirement scheme or anything like that. They pull in about 300K annually, but no clue how much of that’s pure profit. There’s a pension from the 80s with around 20 grand in it, and … Read more
Risk vs Reward: Balancing Your Retirement Portfolio
The first time I encountered the concept of risk and reward was not in an investing book or during a finance class. Instead, it was during a daring rescue mission in Space Invaders, where I had to decide whether to go for the high-score alien (high risk, high reward) or play it safe and clear … Read more
Can I Become Financially Independent if I Wasn’t Born Rich?
A question that lingers in the minds of many is: Is financial independence attainable for those who don’t come from wealthy backgrounds? Let’s explore this multifaceted topic and shed some light on the paths to financial independence for individuals from various socioeconomic backgrounds. Financial independence is the state where you have sufficient personal wealth to … Read more
Making Retirement Savings Last
Hey Anika, I’ve been a regular reader of your financial wisdom on Revyo, and let me tell you, your articles are a breath of fresh air! I can finally understand all these financial jargons people throw around. So here’s my story: I’m Carla, a 65-year-old art teacher who just hung up her brushes and retired … Read more
How Much Should I Have Saved for Retirement?
Dear Anika, I am an ardent follower of your finance articles on Revyo, and I’ve found your advice to be incredibly practical and insightful. You have a knack for breaking down complex financial concepts into understandable, actionable steps, which I greatly appreciate. I’m a 40-year-old professional working in the non-profit sector and earn around $70,000 … Read more
What Is A Good Retirement Income?
I’ve been an avid reader of your articles and have particularly appreciated your insightful and practical advice on financial planning. Your recent article on “How Much Money Do You Need to Retire?” has prompted me to think more seriously about my own retirement planning, but I’m left with one lingering question: What constitutes a “good” … Read more