Retirement

Part of your retirement planning may also include finding a way to leave behind a legacy for any family members that you will eventually leave behind. Leaving this legacy will require a stong plan, and there are other ways to do it besides a trust fund.

Student loans and extra taxes are unique challenges to your retirement and financial planning, but there is one strategy that might be able to help with both of those challenges. A Cash Balance Plan.

CDs and bonds have a role, but less-used annuities can offer higher interest rates, secure principal and guaranteed income choices.

Annuities offer many benefits, like saving for retirement and cutting your taxes, that other traditional methods of finance may not offer as well. However, an annuity does not work for everyone. Make sure annuities are right for you.

Saving for retirement is going to be different for each individual, but you can build a map to retirement with the same foundations. Namely, making sure you save as much as you now. Follow this guide to learn more.

Social Security is in trouble but can still help your retirement plan. We look at common beliefs people have and examine if they are true or false.

Saving your money doesn't mean you have to overhaul your lifestyle. A few small changes can go a long way.

The rising cost of living has forced many to delay retirement despite diligent preparation and disciplined savings. International retirement offers tax advantages and lower living costs to individuals who are tired of the daily grind.

What happens when you need to retire during a financial crisis?

Buffering the risk of living to a very old age.

Medical professionals commit their lives to improving the health and well-being of others and deserve a financially secure retirement.

Having different buckets for each life phase is a good way to assure you don't run out of money while pursuing your goals.

Dentists are known for their high income, but what many lack the know-how to manage their money. Michael Abernathy, owner and founder of Summit Practice Solutions, knows a thing or two about avoiding financial disaster. Continue below for the six big mistakes Abernathy sees the most from his clients.

Financial advisors typically discourage their clients from taking out a loan on their 401(k) plans. Eric Meermann of Palisades Hudson Group explains under what circumstances this option is actually a good idea. Continue below for more information on borrowing from your 401(k).

The Mega Backdoor Roth IRA is an investment strategy that allows you to contribute up to 36k per year to your existing Roth IRA in addition to your other retirement savings. The best part is there are no income restrictions. Continue below to learn about Future Proof MD's experience with the investment.

Time flies when you're having fun. Or, as Kermit tells us, time's fun when you're having flies. Physician on Fire has a few ideas about how he wants to spend his time after retiring from his anesthesiology career. If you, too, are thinking of retiring early, continue below for some inspiration.

It takes a lot of hard work, plenty of studying and no shortage of determination to become a dentist. Those are the same skills needed to successfully save for retirement, and yet, many dentists struggle to build up enough savings to live the lifestyle they desire in retirement. CPA Douglas Fettig sat down with DMD to share his insight regarding retirement planning for dentists in particular. Continue below to learn how to manage your retirement plans.

This type of plan can help you lower your taxes, increase your savings and create a happier staff.

Odds are, you own some financial products, such as annuities, to help fund your retirement. But do you have a plan in place to retire? There's a big difference. Here are three steps to creating your retirement plan.

You may not be as ready for retirement as you think you are. For example, have you talked to your spouse about what he or she will do with you being around the house more often? Kerry Straine, CPBA and CEO of Straine Consulting, says that this is one of two common retirement mistakes he sees dentists making. Discover the second, and how to avoid both, in this clip.

Don't let yourself get too distracted by the day-to-day demands of dentistry. You still have a future for which to plan. Dentists have many retirement account options, but they can't take a one-size-fits-all approach to selecting the right one for themselves and their practices. These are some good IRA and 401k options.

Put yourself into this hypothetical scenario. You just landed a new job in a dental practice that offers a 401K. Great. But what do you do with your old 401K? Leave it where it is, or roll it over to your new employer? Each move comes with pros and cons. There are, however, common pitfalls that you should avoid.

Retirement planning isn't a short-term endeavor, nor is it a simple process. Successfully putting all the pieces together means monitoring a lot of moving parts, over a long period of time.

The short answer is, yes, you do. Here's a check list you can follow to start getting your 10-year plan in order.

Things you can do now to promote good health later.

This WalletHub ranking takes into account several factors, including Affordability, Quality of Life, and Health Care access.

Get in the habit of doing these things now to promote good health later in your retirement years.

The end of any year marks a good time to see where you stand and what you might need to change in terms of achieving your retirement goals.

Quick tips to put you on the right track toward saving sufficiently for your retirement.

What's in store for investors as they near retirement.