26-year-old planning to retire at 37 explains how much money he must save

At age 22, “The Money Wizard,”who goes by the pen name Sean and asks to remain anonymous, decided to fast-track his retirement. Since, the Minneapolis-based 26-year-old has accumulated $150,000 in savings and is on pace to retire comfortably and debt-free by age 37. The Money Wizard clearly figured …

Confusion reigns on retirement spending strategies

Saving for retirement is hard enough these days, with wage growth lagging and more than 40 percent of workers lacking access to a workplace retirement savings plan. What’s even harder is figuring out how to draw down those savings when the time comes. Three in 4 respondents to a survey did not know how much …

Chances Are You’re Not Saving Enough: Retirement Insights By Age

Retirement is a major lifestyle change. It’s supposed to be a happy and relaxing time. Unfortunately, most people aren’t prepared for it. Based on a study of 20.6 million Americans’ individual retirement accounts (IRAs), the Employee Benefit Research Institute reported this year that 41 percent of households …

10 Essentials For Creating Retirement Income You Won’t Outlive

When it comes to retirement planning, most of the emphasis is placed on accumulating the largest retirement portfolio possible. That is certainly important – in fact it’s probably the foundation of all good retirement planning. However there’s a lot more involved in retirement planning. I’ve put together a …