States Where Saving $1 Million for Retirement is Easiest

10 States Where Saving $1 Million for Retirement is Easiest

Saving up a retirement fund is important, but money is not the only factor that will impact how you spend your golden years. Depending on where you end up living, your location will decide just how far your money goes and how much you can earn. For many, this is all they need to know to convince them to relocate to another state entirely. If you have a modest retirement fund—or want to make it last as long as possible—consider moving to one of these states where saving $1 million for retirement is easiest. As for those who still have years to go before they can enjoy their nest egg, living in one of these low-cost places will help you save at a responsible rate.

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catch up on saving for retirement

5 Actions That Can Help You Catch Up on Saving for Retirement

Saving up for retirement can be terrifying, but it gets even scarier when you realize how much you have to do in so little time. Maybe you lost it all in a bad real estate investment or disaster struck economically. Maybe you haven’t been saving as vigilantly as possible. Maybe you haven’t saved at all. Well, you can still retire—provided that you’re willing to put in the work. For those looking to catch up on saving for retirement—or those who want to amp up their nest eggs—these tips will help decrease the gap.

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Exciting Things to Do When You Retire

20 Exciting Things to Do When You Retire: Part 2

This is part two of a two-part series, “20 Things to Do When You Retire.”

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Exciting Things to Do When You Retire

20 Exciting Things to Do When You Retire: Part 1

This is part one of a two-part series, “20 Things to Do When You Retire.”

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planning your retirement in your 50s

A Guide to Planning Your Retirement in Your 50s

As you continue planning your retirement in your 50s, you may feel stressed or unsure about your nest egg prospects. Because you’re coming closer and closer to your twilight years, you know just how important it is to be ready for retirement. If you still have concerns—or want to remain on track for your goal—consider the following pieces of advice.

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hidden retirement fees

5 Hidden Retirement Fees to Watch Out For

With your retirement comes costs: medical care, rent or mortgage payments, and daily needs. Because you won’t have much—if any—money coming in, you need to keep yourself protected from hidden retirement fees. Here’s how to recognize this monetary surprise attacks and what they’re called.

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Retirement FAQs answered

5 Retirement FAQs Answered

Saving for your retirement is a long, nuanced process. Because of the many complications involved, few people know the full deal about getting ready for the time when they are no longer working. However, with these retirement FAQs answered, you’ll know more about one of the most important goals in your life.

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Living your best life in retirement

Living Your Best Life: Here’s How to Do It in Retirement

If you’ve been following the Retirement You Earned Blog, then by now you probably know the ins and outs of saving for retirement: the types of IRAs, how to form a strong investment portfolio, and how to make the most of employer-matched 401(k)s. However, it’s likely that you—much like many other responsible savers—may find yourself at a loss when it comes to living your best life in retirement. After all, daily routine tasks and upkeep aren’t stressed nearly so much as IRAs are. Don’t worry though—the hard part is almost over. Soon, you can get started enjoying yourself!

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living beyond the 4 percent rule in retirement

The Case for Living Beyond the 4 Percent Rule in Retirement

Save, save, save. This is what we’re told as we make our way through our working years—in preparation for the time in our lives when our regular paychecks stop showing up in our bank accounts. Saving is certainly solid advice, but some of the “tried and true” historically-accepted ideas about retirement saving are no longer as tried and true as we once thought them to be. Take the 4 percent rule, for example. This rule states that you should take out 4 percent of your retirement savings to live on annually in retirement. If your total retirement savings is $1 million, then 4 percent of that would be $40,000 to live on each year. For many, $40,000 a year sounds adequate enough, right? However, there is a case for living beyond the 4 percent rule in retirement

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trends facing our retirement futures

3 Unfortunate Trends Facing Our Retirement Futures

Ask anyone about the retirement outlook for the majority of Americans, and most of your answers will probably be to the effect of, “It’s pretty bleak.” A 2016 survey conducted by financial firm Allianz found that more than 60 percent of baby boomers actually fear running out of savings in retirement more than they fear death. That’s a pretty serious sentiment. Though individually, some workers have established the financial security they need to retire well, as a whole, our country is struggling—and these trends facing our retirement futures are to blame.

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