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When to Retire from Your First Career and How to Plan Your Next Move

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Besides being at the top of their respective game at one time or another, all three second-guessed their initial decision to retire. You might not knock on your former company’s doors months after blowing out the candles on your well wishes in retirement cake. Here’s how to know when it might be time to retire from career No.

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Can I Use Life Insurance as a Retirement Plan?

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But did you know that, in some cases, life insurance can also be a savings tool to help you supplement income from your retirement plan? A life insurance retirement plan (LIRP) can help you add to your retirement savings, but it shouldn’t be the only way you save for retirement. What is a life insurance retirement plan?

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7 Tips to Help You Plan for Retirement

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Retirement planning is usually the most significant financial goal people will work toward. No matter where you are in your career, considering how to plan for retirement is essential so you can spend your golden years on your terms. Determine how much income you’ll need to plan for retirement.

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Can I Go into Retirement Early With FIRE?

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If any of these scenarios sound ideal, you may be dreaming of a FIRE retirement lifestyle. It’s a movement that helps people take control of their financial independence by making trade-offs, such as extreme saving and budgeting early in their careers, to retire earlier in life—often decades ahead of a conventional retirement plan.

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5 Different Types of Retirement Plans You Need to Know About

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You’re probably familiar with terms like 401(k) or Roth IRA, which are types of retirement plans. You might be less sure about the particular characteristics of these accounts or how they follow specific rules laid out by the Internal Revenue Service (IRS) to protect your retirement funds. Employers can match contributions.

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How to Have Difficult Financial Planning Conversations with Aging Parents

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Older Americans must consider everything from where they want to live to how they plan to support themselves as they age. Adult children of aging parents may struggle with how to support them in these transitions—while not knowing when or how to discuss their parents’ needs with them.

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5 Long-Term Financial Goals and How to Achieve Them

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Your long-term goals are an important aspect of your financial health. Save for retirement Expected time: 10-35 years Account types: Retirement plans including IRAs, 401(k)s and pensions Planning for retirement is one of the most common long-term financial goals.

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