Do you have enough money to retire? There are many different ways to look at this, but the most common is to break it down simply: money in vs. money out. How much income can you generate from your retirement planning, and how much will you need to spend? Here, say that you have $1 […] The post I Have $1 Million in a 401(k) and Will Receive $2,500 Monthly From Social Security. Can I Retire at 65? appeared first on SmartReads by SmartAsset.
The Federal Reserve is pressing pause on its series of interest rate hikes designed to tame inflation – for now at least. The Federal Reserve Open Market Committee announced Wednesday that it would leave the federal funds rate unchanged, forgoing … Continue reading → The post The Fed Is Pausing Its Interest Rate Hikes. What That Means for Your Retirement and Savings Plans appeared first on SmartAsset Blog.