Retirement is probably the number one thing most older Americans worry about. The posts in this category are about retirement and qualified planning. Retirement accounts are often referred to as qualified because that is how they are usually classified by the IRS.
If you start out with the aim of retiring at a certain age then you need to be in control of your finances. While it is not a perfect science because of the fluctuations in growth rates you can at least make some assumptions about what you will need to have in place and therefore how you should go about building up your fund. Social Security will of course contribute but you have to be aware that it faces an uncertain future. Estimates suggest without a major influx of money benefits will fall by up to 25% by the mid-2030s because people [...]