401(k) rollover advice rule at risk. What retirement savers need to know

401(k) rollover advice rule at risk. What retirement savers need to know

Acting Labor Secretary Julie Su testifies before the Senate Appropriations Committee on May 9, 2024.  Chip Somodevilla | Getty Images News | Getty Images ‘Almost a certainty’ courts will overturn However, the fiduciary rule’s survival is in doubt following recent court actions, attorneys said. Two federal district courts in Texas issued a national “stay” of … Read more

Why gray divorce is a significant financial risk for women

Why gray divorce is a significant financial risk for women

Laylabird | E+ | Getty Images Breaking up in old age can be costly, especially for women. The rate of “gray divorce” — a term that describes divorce at age 50 and older — doubled from 1990 to 2019, according to a 2022 study published in The Journals of Gerontology. It tripled for adults over … Read more

40-year-old millionaire who retired early only lasted 5 months—here’s what made her go back to work

40-year-old millionaire who retired early only lasted 5 months—here’s what made her go back to work

My entire life used to be about maximizing my time for work. I spent over a decade building a career in New York’s tech scene. I worked at Foursquare and Google, and in 2014, I started my business, Tech Ladies. My goal was to help women in the industry find jobs, negotiate and network. I hired … Read more

3 things I’m so relieved I did in my 20s and 30s

3 things I’m so relieved I did in my 20s and 30s

As a retiree, when I look back at my life and reminisce with friends, it’s easy to focus on the negative. So for 2024, I’ve resolved to acknowledge and congratulate myself for things I did in the past. There were many choices I took for granted that turned out to be wise decisions. They’ve brought … Read more

How much money you need to retire in every U.S. state

How much money you need to retire in every U.S. state

The cost of retirement can vary by as much as $1.36 million depending on where you live in the U.S., according to an analysis by personal finance website GOBankingRates.com. To determine the amount of money needed to retire, GOBankingRates calculated the annual expenses for housing, food, utilities, transportation and health care in each state for … Read more

Here are some moves to maximize your Social Security benefits

Here are some moves to maximize your Social Security benefits

South_agency | E+ | Getty Images Be aware of when you should opt in Many people falsely believe that you must start taking Social Security benefits as soon as you retire, but this isn’t the case at all. Technically, you can start receiving Social Security as early as age 62, despite the currently designated full … Read more

68-year-old who ‘unretired’ shares his secrets to living a happy, regret-free life

68-year-old who ‘unretired’ shares his secrets to living a happy, regret-free life

At the end of 2015, I felt stuck. After a near-death experience, I had to quit my job and retire early to prioritize my health. My health improved, but the rest of my life did not. I felt bored and purposeless in retirement, and my relationships suffered. I started to wonder, “Is this all there … Read more