Since 2020 members of the Ruedi Wealth team have been writing weekly investing and retirement planning columns for our local newspaper, The News-Gazette.
With a traditional 401(k) you lower your taxable income and save on taxes now; with a Roth 401(k) you pay taxes now and withdraw tax-free in the future. So naturally, the option that will provide you the most benefit depends on whether your tax rate is higher now, or in the future.
You’re retired. Your checking account is getting low and you need to refill it by withdrawing from your investment portfolio. You must ask yourself…
Many threats to your retirement will arise from your personal and family life. On our most recent radio show, a listener called in to discuss one of the most difficult: the passing of a spouse.
When pre-retirees were asked about the age they think they will retire, the average response was age 66. The only problem is, when the retired people in the survey were asked when they actually retired, the average response was age 61.
Today I want to talk about one of the most important questions: how much will I need to spend during retirement?
Most retirees have heard about the monetary benefits of delaying Social Security. But that didn’t stop roughly a quarter of men and women from signing up for Social Security at the earliest possible age (62) in 2024 per Social Security Administration data.