From MarketWatch:
Proposed legislation would allow $1,000 penalty-free 401(k) withdrawal: Right now, workers can be penalized for distributions from their retirement accounts prior to 59 ½ years old. This rule would change that.
I’m 56, my husband is 57 and retired. We have about $750,000 saved and a military pension. I’m ‘tired of working in America.’ Can I retire in three years?: This couple has been diligent in their work and savings, but they should still do their due diligence before leaving the workforce completely.
Thinking about borrowing from your 401(k)? When it makes sense to take from your retirement account — and when it doesn’t: Retirement accounts are meant for old age, but sometimes they’re attractive options for a loan before retirement.
Also on MarketWatch:
Successful, educated but now destitute — why the problem of senior poverty in America should scare you
A new bill would raise Social Security COLAs
Depression isn’t a ‘normal’ part of aging — how to treat and prevent it
How to successfully move from your longtime home to a senior community
2021 story so far: Wall Street blows it again
Can helping dogs live longer unlock the secrets of human aging?
I’m a 55-year-old single mom adopting a teenager. I have $550,000 in my retirement account, make $295,000 a year but would like to retire early. Can I?
More in retirement news:
Beware this change in the rules for retirement-account RMDs (The Wall Street Journal)
TSP changes, retirement help for former seasonal feds and other bills to watch (Federal News Network)
Why delaying Social Security is the smartest retirement play (Los Angeles Times)
Top 10 retirement mistakes that could cost you your happiness (Forbes)
Crafting a budget for your retirement income needs (TheStreet)
Research and Insight:
Best states to retire in 2021: Most affordable, best culture ranked (Bloomberg)
An executor’s guide to inherited retirement benefits: RMDs (Morningstar)
Black workers more optimistic about jobs, less so about retirement (AARP)
ACA proves itself but race disparity persists (Center for Retirement Research at Boston College)
To share with your family, friends and clients:
This state sees age as an asset and wants to put older residents to work
Rising drug prices continue to hit seniors
8 inflation tips for your savings, investments and retirement planning
‘There’s a lot of people struggling out there.’ Why many older Americans are living in poverty in places with low cost of living
I’m 62, unemployed, living off my savings and waiting on Social Security — ‘Can I go fishing for the next 25 years and forget about work?’
I want to move to a walkable, historic, four-season town and have a budget of $30,000 a year — where should I retire?