Personal finance articles related to all things retirement, helping you plan for and thrive in your retirement years.
No matter when you retire, you want to know what role Social Security will play in your financial future. Will it go away? How much can you expect? When should you start benefits? When Social Security started in 1935, it was created to provide support…
You’ve almost surely heard of a 401(k) plan, but what in the world is a 403(b) plan? Simply, a 403(b) plan is a tax-advantaged retirement account for employees of schools, churches, and nonprofits. In order to offer a 403(b), a non-profit has to be tax-exempt…
Retirement can be a daunting concept, especially if you have thoughts like “Will I ever be able to retire?” or “ I have no idea how much I need in retirement” floating around in your head. Truth is, these are common concerns for many people…
It’s 2020; old age is looming closer, accompanied by the threat of a lackluster retirement. Of course, you’re anxious about your financial future. But you’re too busy taking care of everyone else to do anything about it. According to this study by Employee Benefit Research…
This post is sponsored by Haven Life. There’s a good chance you have family or friends who have lived into their 90’s. Or maybe even a few to age 100 or beyond! The Social Security Administration reports approximately one in three 65-year olds today will…
Millennials are job switchers. Gallup polls have found that 21% of millennials report changing jobs within the past year. Outside of learning the new company org chart, job switching presents another challenge: what to do with your old 401(k) or 403(b). Currently, many millennials do…
![Retirement 101: Kick off your retirement planning [Review]](https://womenwhomoney.com/wp-content/uploads/2019/12/kicking-retirement-planning-off-768x403.jpg)
Retirement. Whether you’re 5 years or 35 years away from trading your time for money there’s a lot to consider. How will you spend your days in retirement? Where will you live? And how you will pay for it all? If you’ve not yet considered…
There’s a good chance you’ve heard a lot of talk about retirement savings plans. In particular, most people are familiar with 401(k) plans. But if you work in the public sector, you likely won’t be able to get your hands on a 401(k). Instead, your…
During health plan or open enrollment time, your place of employment probably looks like many others. There are lots of “water cooler” conversations about different plans, past experiences, deductibles, and copays. Health savings accounts or HSAs are drawing your attention, and you want to learn…
If you’ve asked yourself how you’ll save for retirement while also financially helping your kids and parents, you’re not alone. A few years ago, the Pew Research Center reported that almost half of all adults in their 40’s or 50’s were either raising a child…
When it comes to retirement savings accounts, there are several options available. But your choices for individual retirement accounts can seem limited if you’re a high-income earner. This is especially true when you look at the Roth IRA. A Roth IRA (Individual Retirement Account) is…
It’s the week your big bonus from work hits your bank account. Or you receive a sizeable cash gift or inheritance from a relative. Perhaps you have proceeds from the sale of your home or cash from a rollover retirement account. Or you’ve just been…
Many of us don’t think about retirement or saving for it until it’s too late. When we do save, we plan for money to cover rent, utilities, groceries, and insurance. However, many people overlook saving for healthcare costs in retirement. This is by far one…
You’ve been working hard to cut expenses and quit living paycheck to paycheck. You negotiated a raise or landed a higher-paying job. Your side gig is creating a buffer in your budget. No matter the reason, it’s time to put the extra money in your…
![Work Optional: Retire Sooner, Live Your Best Life [Review]](https://womenwhomoney.com/wp-content/uploads/2019/02/work-optional-1-768x402.jpg)
If you’ve spent any time reading about personal finance lately, you’ve likely heard about the “FIRE” movement. FIRE means Financial Independence – Retire Early. Suze Orman got headlines by announcing she hated the FIRE movement (but she changed her position a few weeks later.) While…
This is a sponsored post for Prudential. Recently, Vicki (one of the co-founders of Women Who Money) enjoyed a beautiful fall afternoon partnering with Prudential at a “lifetime fans” event outside of the Prudential Center in Newark, New Jersey. The event promoted the importance of…
If you contribute to a 401(k) plan through your employer, it could be one of your most substantial assets besides your home. And if money is tight and your savings account balance is running low, you might wonder how you can tap the funds in…
Saving for retirement is critically important and should be a part of everyone’s financial picture. But what can you do if you are already maxing out your employer-sponsored retirement plan? Left behind an old 401(k) when you changed jobs? Or just don’t have access to…
This is a sponsored post for SheSpeaks/Prudential. Recently, Amy and Vicki (the co-founders of Women Who Money) participated in Protect Your Retirement Day in New York City as a partner of Prudential. The event was sponsored by the Alliance for Lifetime Income, a nonprofit 501(c)(6)…
If your employer offers a retirement savings plan, chances are one of your investment options is a target-date fund. They may be grouped under a heading such as “Do the Investing for Me”, “Balanced”, or “Asset Allocation”. You’ll recognize them because they have a year…
Work. Even though we know we have to work until we are financially independent, many of us have a love-hate relationship with it. We love the money we earn, but we aren’t always thrilled with our jobs or how much of our lives revolve around…
Women Who Money wants to help women (and men) at all levels take control of their finances! Our goal is to provide you with the knowledge, skills, and tools necessary to improve your financial health. Personal Capital is high on our list of must-have tools…
Whether you’ve just started a new job or you’ve been with the same company for years, it’s critical for you to understand your retirement plan benefits. Knowing the fundamentals of your 401k savings plan will enable you to make wise choices about saving and investing…
Stay at home parents and spouses who have little-earned income can fall behind when it comes to saving for retirement. But, for those who are married and file a joint tax return, a spousal IRA may be well worth your investment consideration. Although there are…
You know you should be stashing money away on a regular basis, but anyone who’s working for themselves knows earnings can vary drastically month to month. Also, you’re not sure what the best retirement plans for self-employed individuals are. So, what’s a busy entrepreneur with…