Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

Questions tagged [retirement]

This tag should be used for any questions related to retirement or post-retirement, such as planning or saving for retirement, or asking about benefits or issues after retirement.

697 questions
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6 answers

What size "nest egg" should my husband and I have, and by what age?

Of course I know I should have a substantial sum of money that generates its own income, off which my spouse and I will live, when we retire. But what is the right amount to have, or even a range? I've heard $1,000,000 but that just seems so huge…
Nat_Rea
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5 answers

Hypothetical case of two brothers, one who invests early and one who starts later

I've seen a hypothetical case of two brothers, one of whom invested until 25 and stopped. The other invested from 25 until 65. The brother who invested earlier winds up with more money. Does anyone know where I can find this parable online? I…
Eric
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6
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2 answers

The 25 times annual expenses rule and leaving no estate

I’m referring to the Trinity study and subsequent interpretation that a person’s wealth needs at least 25 times his current annual expenses in order to retire without shrinking the portfolio. What if I don’t want to leave a penny behind to…
HD_69830
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5
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1 answer

Current salary in calculating necessary retirement savings

I've seen several guides online that suggest multiplying my current salary by a certain amount to see where my retirement savings should be. I think that these methods assume people ramp up in salary over the years, and want to make about the same…
Ken - Enough about Monica
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4
votes
5 answers

Does living in a lower cost area inhibit where one can live later in life?

Can living somewhere with a lower cost of living potentially inhibit someone from living somewhere with a higher cost of living later in life? For example if someone works in a small town with cheaper housing and lower relative salary most of their…
radix07
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2
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3 answers

What is my pension worth?

I am currently seeking disability compensation thru a lawyer. I am unable to work due to medical problems. I am 60 years old and have a pension that is worth 500.00 per month when I reach 65. Problem is that I have no income. If I draw on the…
Larry
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2
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1 answer

Are SPDR funds good for beginners?

Are SPDR accounts good for beginner investors who are only interested in long term investments/retirement? They really seem like "Set it and Forget it" kind of funds, how wrong am I on that assumption? What are the pros and cons of such an attitude…
Brian H
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2
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4 answers

Any suggestions for low risk retirement investment with a return better than CDs?

I'm retired. I don't trust the stock market at my age. I probably won't live long enough to recover losses from a down-turn. And the concept of living in the hope of a recovery is less appealing that living with low-return secure savings. So I have…
Carl Ernest
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vote
3 answers

Investing for Dummys

I'm 60 years old, no net worth, no investments, living paycheck-to-paycheck. What and how do I get started? I'm investing illiterate.
MFK
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1
vote
1 answer

Better to pay off high interest cards or invest

My gut feeling tells me that before retiring, one should be as debt free as possible, but to be in that situation, I'd have to dig into my retirement fund. Currently owe ~25K in credit card payments (I have other payments but they are at ~3%…
Sam D
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2 answers

Is anyone using Monte Carlo Sim Analysis for Retirement Strategy?

I am trying to run Monte Carlo projections for retirement savings and goals. I know that there are a few good tools out there such as OnTrajectory.com and other websites. Is anyone out there performing Monte Carlo analysis on their finances? Any…
Daniel
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1 answer

Should regular withdrawals come from equities account or fixed return account?

I have two accounts for investments--the cash from one is invested in stocks and the other in a fixed-return product. I need to begin taking a regular monthly withdrawal on these accounts. Does it matter which account that withdrawal comes out…
Faisal
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vote
2 answers

What is the reference salary for retirement savings by age, defined as a multiplier of salary?

Many retirement articles list how much you should have saved by age, in multiples of your salary. However, they don't explicitly state whether they are trying to base the multiple off your original salary, or your salary at the time you hit a given…
rob
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Do Scandavian pension systems have a minimum benefit? Are people who reach 70 without ever working entitled to benefits?

In the United States social security system, your benefits depend on your average earnings over some period. So people who never worked aren't entitled to any retirement benefits. How does the pension system in Scandinavia work? Can I expect any…
user23107
0
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0 answers

Tax deductible retirement contribution

My spouse is a teacher in NJ. He is 61 years old. We file federal income taxes as married filing jointly. His w-2 shows, in box 14 (other) a pension plan with code 414(h). It shows an amount of just over $6,000. We want to get a tax benefit for the…
user25606
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