Schwab MoneyWise ®

Ask Carrie: Retirement

What's the Best Way to Save if I'm Retiring from the Military?

by Carrie Schwab-Pomerantz
May 19, 2021

Retirement planning is important for everyone, but retiring military have unique planning challenges. Here's why.
Should I Take the Lump Sum Option from My Pension?

by Carrie Schwab-Pomerantz
February 03, 2021

Take a lump sum or lifetime income from my pension? The best choice for you depends on your individual circumstances.
Want to Create a Retirement Paycheck? Here Are Some Things to Consider

by Carrie Schwab-Pomerantz
December 09, 2020

As you make the transition from saver to spender, you’ll need to create your own retirement paycheck. Here are some things to consider.
Older Investors Are Asking: Should I Get Out of Stocks?

by Carrie Schwab-Pomerantz
November 04, 2020

Gradually cutting back on stocks can make sense for older investors—as long as they create a plan and stick to it.
What Should You Do If Your Employer Suspends Your 401(k) Match?

by Carrie Schwab-Pomerantz
September 09, 2020

A 401(k) offers a lot of benefits, match or no match. Here's what to think about before changing your contribution.
Can Your Family Members Collect Social Security When You File?

by Carrie Schwab-Pomerantz
August 24, 2020

Social Security benefits begin with you—but they don’t end there.
If You Have a 401(k), Do You Need an IRA, Too?

by Carrie Schwab-Pomerantz
August 13, 2020

While a 401(k) can be the backbone of your retirement plan, there's a good case for having an IRA as well.
Postponing Retirement? Don't Postpone Planning for It!

by Carrie Schwab-Pomerantz
August 13, 2020

Being 65 doesn't mean you have to retire—but you do need to prepare for a smooth transition when the time comes.
Does Marriage Bring Financial Benefits?

by Carrie Schwab-Pomerantz
August 04, 2020

While money should never be the reason to marry, tying the knot can be good for your mutual bottom line.
Does Working Past Age 70 Affect Your Social Security Benefits?

by Carrie Schwab-Pomerantz
August 04, 2020

While working past age 70 could mean higher Social Security benefits, it could also mean higher taxes and more.
Roth vs. Traditional 401(k)—Which Is Better?

by Carrie Schwab-Pomerantz
July 16, 2020

If your employer lets you decide between a traditional and a Roth 401(k), consider choosing both!
How Does the SECURE Act Impact Saving After Age 70?

by Carrie Schwab-Pomerantz
July 15, 2020

You're never too old to keep saving. And now the SECURE Act gives you added incentive—even past age 70.
Can You Rollover a Roth 401(k) to a Roth IRA?

by Carrie Schwab-Pomerantz
June 29, 2020

Rolling over a Roth 401(k) to a Roth IRA can be a great retirement strategy—if you're eligible.
Laid Off and Worried About Money: What to Do Next?

by Carrie Schwab-Pomerantz
June 24, 2020

If you've lost your job, here are concrete steps you can take right now to help secure the present—and the future.
How to Juggle Multiple Savings Goals

by Carrie Schwab-Pomerantz
May 22, 2020

Where to save first when you can’t max out everything.
I’m in the Military. Should I Invest in a TSP?

by Carrie Schwab-Pomerantz
May 20, 2020

New changes in the military retirement system give greater importance to the Thrift Savings Plan (TSP). Here's why.
Can I Lower My Income Tax Bill Now That I’m Retired?

by Carrie Schwab-Pomerantz
May 19, 2020

Completing your tax return every year can be a monumental task. And figuring out how to manage your tax bill takes even more work. It takes long-term planning, short-term decisions, and a solid understanding of tax concepts.
You've Inherited an IRA—Now What?

by Carrie Schwab-Pomerantz
May 19, 2020

Inherited IRA rules are different for spouses and non-spouses, and have changed under the SECURE Act. Make sure you know the rules that apply to you.
Stressed About Money? You’re Not Alone

by Carrie Schwab-Pomerantz
May 13, 2020

Feeling out of control of your finances takes a financial and emotional toll. These money management tips can help.
Should I Change My Investment Strategy?

by Carrie Schwab-Pomerantz
March 25, 2020

Your feelings about risk can change in volatile markets, but consider your goals and timeframe before taking action.
Women and Money: Why It's Important to Take Control of Your Finances

by Carrie Schwab-Pomerantz
March 04, 2020

Themes of equality and opportunity during Women's History month reinforce the importance of financial independence.
Who Qualifies for Social Security Disability Benefits?

by Carrie Schwab-Pomerantz
March 02, 2020

Social Security disability benefits are paid to millions of Americans—but the process to qualify is lengthy. Don’t delay.
How Much of Your Income Do You Need to Replace in Retirement?

by Carrie Schwab-Pomerantz
February 26, 2020

How much income do you need to replace in retirement? There are guidelines—and then there's reality.
When Is the Best Time to File for Social Security Benefits?

by Carrie Schwab-Pomerantz
February 11, 2020

Don't lose out on valuable benefits by collecting Social Security too early. Carefully weigh your options to get the best return on your money.
Close to Retirement? Don't Miss These Dates and Deadlines!

by Carrie Schwab-Pomerantz
January 24, 2020

Close to retirement? Here are some age-related dates and deadlines to put on your calendar.
10 Questions Every Couple Should Ask Before Retiring

by Carrie Schwab-Pomerantz
January 22, 2020

Facing retirement together? Beware of these lifestyle issues that can affect your finances—and your relationship.
What Do I Need to Know About Estate Taxes?

by Carrie Schwab-Pomerantz
January 21, 2020

Federal estate taxes apply to only a small fraction of taxpayers. But even if you don’t have to pay federal estate taxes, you may be on the hook for state taxes.
How Much Insurance Do You Need in Retirement?

by Carrie Schwab-Pomerantz
December 23, 2019

In retirement, some insurance is essential, and some is just a waste of money. Make sure you know the difference.
Who Qualifies for Social Security Survivor Benefits?

by Carrie Schwab-Pomerantz
December 05, 2019

It's hard to think of finances when a spouse has died, but don't ignore possible Social Security survivor benefits.
How Are Social Security Benefits Taxed?

by Carrie Schwab-Pomerantz
December 04, 2019

Social Security benefits plus added income may make you comfortable—but the IRS may also want its share.
Women and Retirement: Can You Afford Not to Save?

by Carrie Schwab-Pomerantz
November 27, 2019

Women are living longer than men but saving less for retirement. Here's why they need to save more—and sooner.
Social Security for Spouses

by Carrie Schwab-Pomerantz
November 22, 2019

Navigating your options for spousal (or ex-spousal) benefits.
Five Steps Women Can Take Toward Financial Empowerment

by Carrie Schwab-Pomerantz
November 06, 2019

Women still lag behind men when it comes to financial security. Here are 5 practical—and empowering—ways to take charge.
Are You Falling for These Financial Tricks?

by Carrie Schwab-Pomerantz
October 30, 2019

Here are 10 tricks we sometimes play on ourselves when it comes to money—and how to treat yourself better.
Can You Use IRA Assets to Purchase a Retirement Home? Should You?

by Carrie Schwab-Pomerantz
October 23, 2019

Thinking about using IRA assets to buy a retirement home? Have you also thought about the potential consequences?
Where's the Best Place for Extra Savings—a Roth 401(k) or Roth IRA?

by Carrie Schwab-Pomerantz
September 11, 2019

You can contribute to both a Roth 401(k) and IRA, but putting the max in your 401(k) first can keep things simple.
How Should Millennials Save for Retirement?

by Carrie Schwab-Pomerantz
September 09, 2019

Millennials value freedom and flexibility. Fortunately, today's retirement saving vehicles can offer them both.
How Can Couples Max Out Social Security Benefits?

by Carrie Schwab-Pomerantz
August 14, 2019

Have you and your spouse talked about Social Security strategies? Here's why you should.
Can You Contribute to an IRA If You Don't Have a Job?

by Carrie Schwab-Pomerantz
July 26, 2019

You have to have earned income to make an IRA contribution, but there are limitations and exceptions.
Is Maxing Out Your 401(k) Enough?

by Carrie Schwab-Pomerantz
July 25, 2019

The IRS-mandated maximum 401(k) contributions could leave you short. To find out if you’re on target, do the math!
Should You Tap Your 401(k) to Fund Your Down Payment?

by Carrie Schwab-Pomerantz
July 24, 2019

Is borrowing from your 401(k) the best approach when buying your first home?
Top 10 Financial To-Dos for Today's Grads

by Carrie Schwab-Pomerantz
June 05, 2019

Graduation brings new freedoms but also new responsibilities—especially when it comes to money. Are you ready?
Are You Fooling Yourself When It Comes to Money?

by Carrie Schwab-Pomerantz
March 27, 2019

This April Fools' Day make sure you're not making some common—but foolish—money mistakes.
Which Side of the Retirement Savings Statistics Are You On?

by Carrie Schwab-Pomerantz
October 10, 2018

Are you one of the few and fortunate Americans prepared for retirement? Now's the time to find out—and take action.
At What Age Should You Collect a Social Security Spousal Benefit?

by Carrie Schwab-Pomerantz
September 12, 2018

A nonworking spouse is eligible for a Social Security spousal benefit, but age and timing can affect how much.
How Can I Avoid Scams that Target the Elderly?

by Carrie Schwab-Pomerantz
September 05, 2018

Financial exploitation of seniors is on the rise, but you can make smart moves now to help safeguard your money.
Own Your Own Business? Are You Saving Enough for Retirement?

by Carrie Schwab-Pomerantz
August 15, 2018

As a sole proprietor, saving for retirement is hard. Fortunately, there are small business plans to make it easier.
No Retirement Savings at 50? Here's How to Get on the Fast Track.

by Carrie Schwab-Pomerantz
August 08, 2018

If you've let retirement savings lag, there are still tax-smart ways to catch up—even at age 50 and beyond.
Should You Be Debt-Free Before You Retire?

by Carrie Schwab-Pomerantz
July 11, 2018

Being debt-free before you retire can be a smart goal. But be sure to look at your complete financial picture.
Saving for Retirement: How Much Is Enough?

by Carrie Schwab-Pomerantz
June 27, 2018

No matter where you live, you may have to save more for retirement than you had anticipated. Here are some ideas for how to make it happen.
Is Keeping Your Car Worth the Cost?

by Carrie Schwab-Pomerantz
April 30, 2018

Ditching one of your cars can save you money but there are trade-offs to consider before tossing away your keys.
Can You Dip Into Your IRA to Buy a First Home? Should You?

by Carrie Schwab-Pomerantz
March 12, 2018

The IRS says you can use IRA money penalty-free for a first home purchase. But that doesn't mean it's a good idea.
65 and Still Working: What to do with Medicare?

by Carrie Schwab-Pomerantz
January 31, 2018

Still working at age 65? That doesn't mean you should ignore Medicare. Get the facts to avoid possible penalties.
Will Collecting a Public Pension Reduce Your Social Security?

by Carrie Schwab-Pomerantz
January 24, 2018

Planning to collect both Social Security and a public pension? Unfortunately, Uncle Sam has other plans for you.
Have You Set Your 2018 Financial Goals?

by Carrie Schwab-Pomerantz
January 10, 2018

Setting financial goals for a new year is a great idea. Setting up a way to achieve them is even better!
Can I Protect My Retirement Income and 401(k) From Taxes?

by Carrie Schwab-Pomerantz
November 08, 2017

Income taxes are a fact of life even in retirement. Understand what's taxable, and at what rate, so there are no surprises.
It's Open Enrollment: Are You Making the Most of Your Employee Benefits?

by Carrie Schwab-Pomerantz
October 25, 2017

Don't miss out on valuable employee benefits! Use Open Enrollment to fine-tune your choices.
This Halloween, Don't Let These 10 Common Money Mistakes Creep Up On You!

by Carrie Schwab-Pomerantz
October 18, 2017

These 10 money mistakes are all too common. This Halloween, watch out!
Can You Get Social Security Benefits From Your Ex?

by Carrie Schwab-Pomerantz
September 27, 2017

Ex-spouse Social Security benefits can boost your income, depending on your circumstances. Get the facts.
What Is Wealth Part 2: How Important Is a Financial Plan?

by Carrie Schwab-Pomerantz
August 16, 2017

Putting off financial planning because it's too complicated? Here are three progressive steps to help you get started.
What Happens If You Take an Early Withdrawal From a 401(k) or IRA?

by Carrie Schwab-Pomerantz
August 02, 2017

Beware taking an early withdrawal from your 401(k) or IRA. It can cost you in more ways than one.
Independent Contractors: Is Your Money Working as Hard as You Are?

by Carrie Schwab-Pomerantz
May 24, 2017

As an independent contractor, you're not only your own boss—you're your own CFO. And there's a lot to think about.
Ex-Spouse Social Security Benefits: What's the Best Strategy?

by Carrie Schwab-Pomerantz
March 22, 2017

Even though you're divorced, you might be able to tap into your ex-spouse's work record for Social Security benefits—as long as you meet all the qualifications.
Are You Ready for a Financially Healthy 2017?

by Carrie Schwab-Pomerantz
January 11, 2017

Need to detox your finances? This 30-day program can lead to lifelong financial health. Try it.
Yes, There are Retirement Benefits for a Nonworking Spouse

by Carrie Schwab-Pomerantz
November 01, 2016

Even if your spouse hasn’t worked outside of the home, he or she is entitled to certain retirement benefits, including Social Security.
Retirement Savings: Making Up for Lost Time

by Carrie Schwab-Pomerantz
August 03, 2016

You've put off saving. Do you have to put off retirement? Not necessarily. But you do need to start saving now!
Do You Need Long-Term Care Insurance?

by Carrie Schwab-Pomerantz
July 20, 2016

LTCI can be smart to cover the costs of a long illness—but exercise a healthy dose of due diligence before you buy.
Changing Jobs: What Should You Do With Your 401(k)?

by Carrie Schwab-Pomerantz
June 29, 2016

What you do with your 401(k) when you change jobs has a lot to do with both your current and future plans.
Does It Make Sense to Pay Off Your Mortgage?

by Carrie Schwab-Pomerantz
June 01, 2016

Whether or not to pay off your mortgage before you retire is a balance of practical considerations and peace of mind.
Roth IRA Withdrawals: The Exceptions Can Be as Important as the Rules

by Carrie Schwab-Pomerantz
April 06, 2016

With taxes, nothing is simple—including Roth distributions. Get the facts first to avoid taxes and penalties.
Maxing Out Your Tax-Deductible IRA

by Carrie Schwab-Pomerantz
March 23, 2016

Don't let confusion about IRA deductibility rules keep you from maximizing your retirement savings.
The Lowdown on 401(k) Loans

by Carrie Schwab-Pomerantz
March 16, 2016

There aren't strict rules on how many times you can take a 401(k) loan, but there can be far-reaching consequences.
Does an Ex-Spouse Qualify for Survivor Benefits?

by Carrie Schwab-Pomerantz
November 04, 2015

There are three basic qualifications for ex-spouse survivors' benefits. But there's even more to consider.
Will Debt Derail Your Retirement?

by Carrie Schwab-Pomerantz
September 23, 2015

Retired or not, your debts have to be paid. Best to come up with a realistic repayment plan ahead of time.
Suddenly Alone—Where Can You Turn for Help?

by Carrie Schwab-Pomerantz
June 10, 2015

It's hard to focus on finances after losing a spouse. But there are resources to turn to for help and support.
Things You Want to Know About Investing but Are Afraid to Ask—Part 3

by Carrie Schwab-Pomerantz
April 22, 2015

Got investing basics down? Great. But before you invest, there are still a couple more questions to ask.
Social Security: Should You Wait Until Age 70 To Collect?

by Carrie Schwab-Pomerantz
March 25, 2015

While waiting to collect Social Security means a bigger monthly check, that's not the only thing to consider.
Social Security Basics—Five Things to Think About Before You Apply

by Carrie Schwab-Pomerantz
April 30, 2014

Are you maximizing your Social Security benefits? Here's what you should know before you apply.
Retirement Ahead: Do You Have Enough Exposure to Stocks?

by Carrie Schwab-Pomerantz
April 23, 2014

It's recommended that people gradually move away from stocks as they get older—but can you overdo it?
What's the Best Retirement Plan for Your Small Business?

by Carrie Schwab-Pomerantz
January 29, 2014

Own a small business? Don't miss out on these opportunities to save more for retirement and decrease taxable income.

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