Retirees are not reaching the retirement income replacement rate

Retirees are not reaching the retirement income replacement rate

Mstudioimages | E+ | Getty Images To maintain your standard of living in retirement, the general rule is that you must be able to replace at least 70% of the income you had while you were working. But many retirees are not meeting that retirement income goal, according to research by Goldman Sachs Asset Management. … Read more

Secure 2.0 allows retirees to delay RMDs. That doesn’t mean they should.

Secure 2.0 allows retirees to delay RMDs.  That doesn’t mean they should.

Text size It’s worth doing the math to determine if taking RMDs earlier can lighten your tax bill. The time of dreams The Secure 2.0 law gives savers aged 72 and under an extra year before having to withdraw money from their retirement accounts. But just because you can defer your required minimum distribution (RMD) … Read more