How Much Will My RMD Be if I Have $1 Million in My Retirement Account?

The more money you have in your retirement account and the older you are, the higher your RMD. Failure to take an RMD by the due date can result in a penalty of 25% on the amount not withdrawn. You're ...

Your $1 million nest egg may not last as long as you think in these states. But you can still save your retirement even if you don’t have 7 figures

While $1M may sound like a large sum of money, it may not last as long as many people expect when stretched over decades of retirement — especially in some parts of the United States. According to new ...

I’m 61 with no plan to retire soon. Should I start tapping into my super?

I am a 61-year-old widow. I am self-employed and earn on average $190,000 a year after expenses, with no plans to retire at this stage. I currently have $860,000 in super and contribute the maximum ...

We Need to Talk About Your Retirement ‘Spending’

So let’s stop lauding underspending in retirement; leaving a big bequest isn’t usually the best outcome. If you don’t need the money, you don’t need the money. But look around: Someone else in your ...
Kiplinger

5 Years Until Retirement? Here Are 5 Investing Rules to Follow

Home Investing Sponsored by American National 5 Years Until Retirement? Here Are 5 Investing Rules to Follow If you're planning to retire in five years, it's critical to get your portfolio in order.