We're 60, Have $1.3 Million in 401(k)s and Will Receive $5,100 Monthly From Social Security. What's Our Retirement Budget?
We're 60, Have $1.3 Million In 401(k)s And Will Receive $5,100 Monthly From Social Security. What's Our Retirement Budget?
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Wed, 05/15/2024 - 3:00am
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BING NEWS:
- The Social Security COLA for 2025 Is Shaping Up to Be a Double-Edged Sword, but It Could Be Worse
Although the official Social Security COLA number is not released until October, estimates can give people a sense of what to expect. The estimates for 2025 are shaping up to be a double-edged sword.
06/16/2024 - 12:45 am | View Link - I’ll have a monthly income of $12,000 in retirement. My mortgage rate is 2.25% — should I pay it off with funds from my 401(k)?
I am 68 years old and have been retired for three years. I realize that I am very fortunate in that I am making $12,000 a month after taxes. All this income comes from two separate government pensions ...
06/15/2024 - 2:02 am | View Link - The Average 401(k) Balance by Age
Here’s the average 401 (k) balance by generation and age as of March 31, 2024, according to Fidelity Investment’s “ Building Financial Futures ” report, which is based on the 23.3 million 401 (k) ...
06/12/2024 - 10:33 pm | View Link - NH Retirement System To Exceed $1B in Pension Payments in FY 2024; See Full List of Retirees
For the first time in its 57-year history, the New Hampshire Retirement System (NHRS, the retirement system) will exceed $1 billion in pension benefit payments this fiscal year.
06/11/2024 - 3:42 am | View Link - Already 50? Here's how to build a million-dollar retirement from now.
Below, we've jotted down a few steps you can take this year to get closer to your retirement goals. Do we really need $1M to retire?This economist says, nope, not even close. Here's why.
06/8/2024 - 3:02 am | View Link - More
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