Finances in Retirement - Investments

Most Popular Retirement Articles

by Retirement Tips

Jun 12, 2023

Top Three Articles of the Year

Number 3:

Should You Pay Off Your Mortgage Before Retirement?

Should I Pay Off My Mortgage Before I Retire?

Paying off a mortgage early before retirement depends on various factors, and it may not always be the best financial decision. In this article, we consider many factors.

Key Highlights:

  • Factors to consider: mortgage rate,  tax consequences, other outstanding debt, emergency fund, and overall retirement savings.
  • Alternative options include refinancing to a shorter mortgage or making periodic extra payments toward the principal balance.
  • Deciding to pay off the mortgage before retirement should be part of a comprehensive financial plan developed with the assistance of a professional financial advisor.

Read more about whether you should pay your mortgage before retirement off here.

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Number 2:

Does the 4 Percent Rule Still Apply to Retirement Withdrawals?

Does the 4 Percent Rule Still Apply to Retirement Withdrawals?

This article introduces the concept of the 4% rule, explains its application, and guides utilizing it effectively to prepare your retirement savings.

Key Highlights:

  • The 4% rule suggests that retirees can safely withdraw 4% of their savings in the year they retire and adjust for inflation in subsequent years for a 30-year retirement period.
  • The factors to consider when choosing a withdrawal strategy.
  • Alternative strategies to the 4% withdrawal rule.

Read more about the 4 percent rule here.

Number 1:

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Required Minimum Distributions in 2023

This article provides timely and relevant information about the changes in RMD rules, offers practical guidance on calculating RMDs and correcting mistakes, and promotes the importance of staying compliant and seeking professional advice for retirement planning.

Key Highlights:

  • An increase in the RMD age from 72 to 73.
  • Reduction in the penalty for not taking the required minimum distribution.
  • Valuable information about the specific considerations for inherited retirement accounts.

Read more about Required Minimum Distributions in 2023 here.

Honorable Mentions:

5 Powerful Questions To Ask a Financial Advisor

Is $1 Million Enough to Retire?

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Welcome to our “Best of 2023” recap, highlighting some of this year’s most insightful articles. This recap will explore insightful topics such as retirement planning, mortgage payoff strategies, withdrawal rules, and required minimum distributions.

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Retirement Tips

Retirement Tips is an educational blog dedicated to helping workers and retirees become more knowledgeable about retirement and financial planning.

We want to help readers learn more about their retirement investing options, programs like Medicare and Social Security, and difficult-but-important topics like long-term care and estate planning.

Our goal is to help you make more informed decisions when it comes to your retirement and to make it easier for you to connect with an advisor in your area should you need professional financial advice.

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