The RBC blog provides inspiring ideas and beneficial strategies to help you prepare for retirement. Additionally, we broadcast timely updates, useful tips & tricks, and vital notifications pertaining to the Retirement Budget Calculator.
If you're close to retirement, you may be wondering how much money you need to have saved.Or maybe you're within 5 years of retirement and want to get a head start on planning. Either way, Retirement Calculator: How much money do I need to Retire? is the perfect book for you!
After spending many years accumulating assets for retirement, you need a strategy for retirement withdrawals. How do you choose between a traditional static portfolio, the infamous bucket strategy, an upwards glidepath, or some other strategy?
When planning for retirement, it is important to have as much information as possible to make the best decisions so that you can have the most confidence heading into retirement. That's why using a retirement calculator is such a valuable tool.
A comparison of various strategies to reduce taxes when withdrawing from retirement accounts.
The purpose of this article is to demonstrate how Barney, who is close to retirement, would enter his paycheck and other taxable income into the RBC budget to get an accurate estimate of federal taxes.
When it comes to retirement planning, there are a lot of factors to consider. How much money do you need to retire? What will your monthly expenses be? How long will your retirement savings need to last? These are all important questions that need answers. In this article, we will provide an in-depth guide on how to calculate how much money you need for retirement.
When planning for retirement, it is important to include all of your potential expenses. This can be tricky, as there are many different factors to consider. In this blog post, we will discuss the 7 categories of retirement expenses and then provide a list of 65 specific expenses you will want to include in your retirement spending plan. By taking into account all of these costs, you can create a realistic plan that will help you enjoy a comfortable retirement! You may utilize the Retirement Budget Calculator for free to assist you to plan your spending for retirement.
Are you worried about your retirement? You're not alone! Retirement planning can seem daunting, but it doesn't have to be. In this blog post, we will discuss how to create a free budget for retirement. We will go over different strategies that you can use to figure out how much you spend which in turn will help you know if you have saved enough for retirement.
In many marriages, one spouse will often take the lead in handling the couple’s financial tasks, including retirement planning, while the other is happy to let the finance person handle all the details.
As a premium subscriber to the retirement budget calculator, you will be greeted with your Dashboard after you log in.
Will you buy or lease your next car?
While planning your retirement, you’ve probably asked yourself, “Will my money last for the rest of my life?”
Every January there are a few important numbers you will want to update in your Retirement Budget Calculator. Here are my top 3 suggestions:
Deciding whether to pay off your mortgage is a critical financial planning decision, especially for those with limited savings. Paying off the mortgage offers improved cash-flow and peace of mind, but the financial costs may be too high for some retirees.
The reason you saved and invested in your 401k and IRA is so that one day you will have saved enough to be able to retire. But what is enough?
Asset allocation is one key to creating a cash flow strategy that works in retirement. But the cash flow strategy that worked during the wealth accumulation years may not work for a retiree. Retirees should take some time to re-evaluate their asset allocation, and make sure that it fits with their distribution strategy.
Retirees typically want to spent their retirement years with the people they love without worrying about their money. These popular portfolio withdrawal strategies are designed to help retirees fund their retirement without fear of running out of money.
Financial independence means you have enough money to cover all your expenses without working again. We share how to calculate your personal financial independence number, so you can see whether you're on track to achieve financial independence before retirement.
Healthcare costs are a non-negotiable line item in your retirement budget, but understanding how Medicare works can help you optimize your spending. This article covers six tips for keeping healthcare spending costs low while keeping quality high.
No retirement budget is complete without factoring in Social Security Income. But deciding when to take Social Security can be a challenge. These are the four questions to answer before filing for Social Security.
The bucketing strategy divides a retirement portfolio into different risk segments called buckets. Retirees can use their cash bucket to cover their day-to-day budget needs. The remainder can be invested in riskier assets to promote growth to cover a retiree's future needs.
Having a good budget will help you have more confidence as you prepare for retirement. Here is a list of the 7 primary categories when planning for retirement.
Getting a late start to retirement savings can make a comfortable retirement seem impossible. But people in their 40's, 50's and 60's can still take steps to make the retirement budget work.
Preparing to retire can cause worry and uncertainty. An easy to use retirement calculator with great visuals can help provide a better understanding of retirement readiness.