Income

Can I Retire on 500k?

Saving for retirement takes time and extra income. Once you’ve amassed a half million dollars in savings, you might wonder if that’s enough. But before asking can I retire at 60 with 500k, or how much do I need to retire at 55, you’ll need to crunch some numbers and decide exactly how much money do you need to retire comfortably.

Creating Income Out of Your Retirement Savings

Investing during retirement to maximize returns can be a great way to generate a little extra income and make sure there is enough to last in the long term. But it’s important to look at the best investments for retirement, as well as timing your withdrawals to make the most of your money.

How to Withdraw Tax-Efficiently Throughout Retirement

Two things are certain in life: death and taxes. And retiring doesn’t exempt you from either of those events. If you withdraw strategically, though, you can potentially reduce your tax impact.