The Motley Fool

DECEMBER 3, 2023

For some, a new year means a new lifestyle as they prepare to retire and enjoy what life offers beyond a nine-to-five. If you plan to retire in 2024, ensure you can at least answer these five important questions. People spend most of their lives saving for retirement, a process commonly occurring behind the scenes.

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The Motley Fool

SEPTEMBER 18, 2023

The riches of retirement abroad -- by the beach, in the mountains, in historic cities soaked in sun and culture -- are a dream come true for a lot of Americans. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad.

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The Motley Fool

APRIL 28, 2024

Interestingly, many of the mistakes rich people frequently make are ones that we may make, too -- and each mistake can be costly, potentially making retirement less secure. Not saving enough for retirement Here's another mistake all kinds of people make: Not saving enough for retirement. Here's a look at some of these blunders.

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The Motley Fool

APRIL 23, 2024

You just need to know where to look and how to plan enough in advance to take advantage of it when you need it. Image source: Getty Images Social Security Most Americans will receive something from Social Security when they retire. REITs Real estate is a time-tested way to generate regular cash flow from investments.

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The Motley Fool

SEPTEMBER 24, 2023

Image source: Getty Images Retirement is a time we all look forward to -- the chance to enjoy life without the burden of work. But before you can embrace your golden years, you need to ensure that you've taken the necessary steps to retire comfortably. Here are some steps you can take to prepare for retirement in five years.

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The Motley Fool

APRIL 24, 2024

Provides a source of retirement income Perhaps surprisingly, life insurance can also serve as a supplemental source of retirement income. Featured offers: check out our picks for best life insurance companies Approximately 90 million American families depend on life insurance for financial and retirement security.

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The Motley Fool

DECEMBER 27, 2023

If you're between 62 and your full retirement age (FRA), which is 67 for those born in 1960 or later and somewhere between 66 and 67 for those born from 1943 to 1959, you can do just that in the first 12 months after you start the payments. But knowing that could play into your estate planning or other calculations.

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The Motley Fool

SEPTEMBER 4, 2023

When planning for your family's future after you're gone, it can be tempting to think a will is all you need to pass your assets to your family. That can be especially true if your estate is neither vast nor complicated. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income.

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The Motley Fool

MARCH 17, 2024

Unlike other states that may flaunt no income tax or offer generous deductions, New York tends to take a bigger bite out of your bank account , thanks to its combined state and city income taxes, higher property taxes, and various other levies that can make your financial planning a bit more, let's say, challenging.

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The Motley Fool

AUGUST 6, 2023

Sure, you can buy a do-it-yourself will online, but it's advisable to hire a qualified attorney to help you create an up-to-date and legally valid will that matches your desires and is integral to your overall estate planning. Share your plans with your immediate family members and other key beneficiaries.

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The Motley Fool

JANUARY 16, 2024

Retirement is a big deal. Enjoying retirement takes planning, and a spouse can be an invaluable asset and teammate that makes your golden years truly special. Relationships thrive on teamwork and shared understanding, so you must be on the same page as your spouse to avoid stressful roadblocks to a happy retirement.

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The Motley Fool

AUGUST 9, 2023

They can be indispensable instruments in wealth management and financial planning. But that flexibility comes at a cost: Assets within a revocable trust are still considered part of your taxable estate, which means they could be subject to estate taxes. Removing assets from your control and your estate can reduce estate taxes.

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The Motley Fool

MARCH 13, 2024

Would you like to retire as a millionaire? If you retire with $1 million and use a withdrawal strategy of taking out 4% in your first year of retirement, that's only $40,000. Many people might want to aim to retire with even more than $1 million. Many people might want to aim to retire with even more than $1 million.

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The Motley Fool

MARCH 4, 2024

The assets in a trust can vary widely, but common inclusions are cash, stocks, real estate , life insurance policies, or other valuable goods like jewelry. People with more straightforward estates might find that a conventional will handles all their needs just fine. What's ideal for one person may not be the ideal choice for another.

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The Motley Fool

JANUARY 19, 2024

Here are three ETFs I'm buying (or planning to buy) in my retirement account this year, and why I'm a fan of each one. I'm planning to invest in small caps through a low-cost index fund -- specifically, the Vanguard Russell 2000 ETF (NASDAQ: VTWO) -- which has a minimal 0.10% expense ratio.

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The Motley Fool

APRIL 2, 2024

I'm self-employed, so I'm on my own when it comes to saving for retirement. I don't have a pension plan or a 401(k) match to help me retire more comfortably. So I take a reasonably cautious approach with my retirement account. Here's why I believe they'll help build my retirement nest egg. billion this year.

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The Motley Fool

SEPTEMBER 19, 2023

Together, they can be key parts of a broader plan to meet the realities that are coming your way sooner or later. You might want both in your estate plan The living will covers your healthcare wishes when you no longer can make those decisions. They serve complementary roles in a wisely crafted estate plan.

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The Motley Fool

SEPTEMBER 26, 2023

Image source: Getty Images Let's be honest: It's always interesting to find out how much money someone makes or how much they've saved for retirement. For example, 62% of employees under 25 participated in a retirement plan, while more than 86% of workers between 35 and 64 contributed to one.

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The Motley Fool

APRIL 11, 2024

Image source: Getty Images If you're in your 60s, you're probably looking forward to retirement and thinking about all of the wonderful things you're going to do when you don't have to work any more. That's a huge problem if you don't have a plan to pay for this.

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The Motley Fool

MAY 18, 2024

This level of wealth means boomers have a massive influence on the economy, driving everything from the stock market to real estate trends. Retirement savings levels vary Even with all this wealth, boomers' retirement savings present a complex picture. That's despite making up 21% of the country's population.

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The Motley Fool

JANUARY 23, 2024

But I've recently decided to dive in, taking full advantage of all the retirement plan has to offer -- and saving a bundle of money for my golden years. That means I'm only paying income taxes on $50,000 of my annual earnings, and I have another $50,000 growing in a retirement account. Here's why.

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The Motley Fool

SEPTEMBER 9, 2023

Is retirement on the horizon for you? Before you stop earning a full-time wage and begin living off retirement benefits and savings, however, you might want to take a step back and make a plan. The experts' rule of thumb is that you should expect to spend about 75% to 80% of what you're spending now once you retire.

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The Motley Fool

FEBRUARY 13, 2024

According to an article from The Wall Street Journal , the United States is entering a potential retirement boom. But turning retirement age isn't the same as feeling ready for retirement. So, if you're hitting the golden milestone this year or soon, you need to know some essential retirement tips. Approximately 4.1

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The Motley Fool

DECEMBER 30, 2023

Many people can achieve their retirement goals by following a few key rules for their financial plan. These rules are most likely to deliver results if you can stay disciplined for a long time leading up to retirement, so make sure you embrace the important principles early in life.

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The Motley Fool

SEPTEMBER 26, 2023

Though estate planning can seem morbid, taking steps now helps ensure your wishes are carried out and your loved ones are provided for when the time comes. Your trust's assets are not considered part of your estate and therefore no probate is needed. This article is intended for educational purposes only and is not legal advice.

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The Motley Fool

APRIL 27, 2024

The Allianz Life 2024 Annual Retirement Study offered a stark finding: 63% of respondents -- including 64% of millennials (those aged between about 28 and 43) -- reported being more afraid of living than dying! In other words, they're approaching their retirement years. Another major concern for many respondents is Social Security.

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The Motley Fool

MARCH 2, 2024

I add cash to my retirement accounts each month. Even though stocks are near an all-time high, and my cash is lower than I'd like, I plan to buy a few stocks in March because they're just such attractive opportunities right now. That's a strong return for a lower-risk, retirement-focused investment. It has delivered a 13.9%

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The Motley Fool

JANUARY 14, 2024

For anyone planning to pass on an inheritance , it's wise to consider a living trust. For example, in California, probate attorney fees and executor commissions are based on the gross value of the estate as follows: 4% on the first $100,000 3% on the next $100,000 2% on the next $800,000 1% on the next $9 million 0.5%

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The Motley Fool

FEBRUARY 12, 2024

Estate planning isn't typically atop everyone's to-do list, at least in terms of favorite activities. The $ 22,924 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings.

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The Motley Fool

MAY 15, 2024

Putting off retirement planning For many years, I completely avoided thinking about retirement savings. Putting money aside for retirement was what rich people do, or so I thought. But then I started seeing how quickly I could build retirement savings with an employee-sponsored 401(k), and my perspective changed.

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The Motley Fool

JANUARY 9, 2024

Image source: Getty Images Figuring out how to allocate your money toward different goals is something a lot of people struggle with, and if you're fortunate enough to have been able to save and invest money for retirement, you might assume it's okay to use it for other purposes if you need to.

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The Motley Fool

DECEMBER 8, 2023

It can be tempting to put off planning your final wishes as you move through your working life and beyond, especially if your assets are fairly simple. While end-of-life planning is not on most folks' list of favorite pastimes, a will can often ensure the people and causes you care about most are gifted as you wish.

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The Motley Fool

AUGUST 5, 2023

Wills are generally simpler and less expensive to set up than trusts, and an expert in these matters can help you create an estate plan that can specify conditions around how your assets are distributed. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income.

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The Motley Fool

MARCH 27, 2024

It all boils down to smart planning and knowing where to put your money from the get-go. Leave that untouched until they retire, and they could be looking at around $5 million. This account type allows you to gift your child financial assets, like cash, real estate, or even fine art, without needing a guardian or trustee.

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The Motley Fool

APRIL 8, 2024

When you think about your retirement, chances are good you envision all of the fun and wonderful things you'll get to enjoy once you no longer have to go to work every day. Unfortunately, while you can dream of this ideal outcome, you need a plan in case things go wrong. That's a bad plan. Here's what they are.

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The Motley Fool

MARCH 3, 2024

Retirement savings This is (by far) the largest tax break I get each year. On the other hand, I also get to use special retirement accounts with high contribution limits. I use a SEP-IRA for retirement savings, and other options include SIMPLE IRAs and Solo 401(k) accounts.

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Private Equity Insights

APRIL 19, 2024

Alternative asset management major Apollo Global Management has raised $35bn from Asian investors since implementing a plan to revamp its business in the region at the beginning of 2022. And its efforts have been rewarded with the company attracting significant capital from insurers and institutions that handle retirement funds in the region.

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