Financial advisers will tell you that the most telling—and risky—years of your retirement are the five before you leave the 9 to 5 world, and the five after you have forsaken a steady pay check and learn to live on Social Security, perhaps a pension, and a lifetime of wealth accumulation through a retirement plan. Indeed, making your money last as long as you and your spouse do consistently shows up as the biggest worry among folks approaching or in retirement. To help you with these vexing questions, we asked our credentialed financial advisers, whose columns appear on our Wealth Creation channel, to share with you the advice they give to their clients. Here are 9 insights from the pros. We hope they help you make your money last a lifetime.
In Retirement, You Should Plan to Live, Not Plan to Die
There are no crystal balls to predict your lifespan. The real work begins after you’ve given your adviser a reasoned expectation. You can structure a good plan from there.
Make the Most of Social Security Benefits With Tailored Strategies
With hundreds of filing possibilities, it pays to carefully weigh all your options and get creative about when and how to claim benefits so you can get the most out of your retirement.
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Five Ways to Avoid Running Out of Money in Retirement
Long-term care insurance, an annuity, tapping the equity in your home, and transferring some of your assets into cash and bonds can all help.
3 Make-Your-Money-Last Tips for Future Retirees
The secret to a secure retirement starts long before you actually retire. Here are three areas where successful retirees excel.
5 Ways To Make Your Money Last Longer in Retirement
It takes good planning and perhaps an annuity in later life. Forget about the 4% rule. It doesn’t cut it anymore.
How Monte Carlo Analysis Can Calm Your Fears About Running Out of Money in Retirement
Running different scenarios through this forecasting model can help you make smarter decisions both before and after retirement.
Be Honest With Yourself About Your Retirement Savings
You can’t make your money last unless you are truthful about how much you are going to spend.
How Retirees Can Tackle Longevity Risk
Ensuring a steady paycheck for your lifetime after you retire is not the same as it was for your parents. So much has changed requiring you to adapt to the new paradigm. Here is what you need to know.
How to Generate Income in Retirement
Retirees face a tough decision-making process when it comes to their financial assets, and they may have to take more risk than they were expecting.
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Six Missteps to Avoid as You Transition to RetirementDon't lose sight of your finances when you finally reach retirement. These six classic missteps can chip away at the nest egg you’ve worked so hard to build.
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Why Does One Claim Jack Up My Insurance After Years of No Claims?Even loyal customers can be hit with an insurance premium hike after a claim, despite going many years without any claims. There's a reason for that.
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457 Plan Contribution Limits for 2025Retirement plans There are higher 457 plan contribution limits for state and local government workers in 2025 than in 2024.
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What Does Medicare Not Cover? Seven Things You Should KnowHealthy Living on a Budget Medicare Part A and Part B leave gaps in your healthcare coverage. But Medicare Advantage has problems, too.
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13 Smart Estate Planning Movesretirement Follow this estate planning checklist for you (and your heirs) to hold on to more of your hard-earned money.
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Medicare Basics: 11 Things You Need to KnowMedicare There's Medicare Part A, Part B, Part D, Medigap plans, Medicare Advantage plans and so on. We sort out the confusion about signing up for Medicare — and much more.
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Six of the Worst Assets to Inheritinheritance Leaving these assets to your loved ones may be more trouble than it’s worth. Here's how to avoid adding to their grief after you're gone.
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SEP IRA Contribution Limits for 2024 and 2025SEP IRA A good option for small business owners, SEP IRAs allow individual annual contributions of as much as $69,000 in 2024 and $70,000 in 2025..
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Roth IRA Contribution Limits for 2024 and 2025Roth IRAs Roth IRA contribution limits have gone up. Here's what you need to know.
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SIMPLE IRA Contribution Limits for 2024 and 2025simple IRA The SIMPLE IRA contribution limit increased by $500 for 2025. Workers at small businesses can contribute up to $16,500 or $20,000 if 50 or over and $21,750 if 60-63.
