Getting a good idea of your expenses and income in retirement is a vital part of any retirement planning strategy. Saving small amounts of money frequently over time can help you accumulate a lot of ...

Social Security only replaces about 40% of average pre-retirement salary, but many rely heavily on it. A typical retiree will need about 80% of pre-retirement income. Aim to save 15% of your income ...

A subscriber asked me to put together a sample retirement portfolio. I put together a 30-stock portfolio with a 4.63% yield. This portfolio yields twice as much as my own; this was a fun project to ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

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ChatGPT is rapidly becoming a popular resource for retirement planning, and for good reason. The artificial intelligence (AI) bot is easy to use, free of charge, and great at gathering information and ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. David Kindness is a Certified Public ...

Consumer prices rose 8.5% in July over the previous year, leaving many retirees and pre-retirees wondering how inflation impacts retirement savings. They have a right to worry. After all, living on a ...

When deciding between a CFP and a CPA for retirement planning, it's essential to understand their distinct roles and expertise. Integrating tax planning and financial strategy with CFPs and CPAs ...