Dana George

Kansas City

Freelance Correspondent at The Motley Fool (U.S.)

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Articles

There's a New SECURE Act 2.0 Super Catch-Up Contribution Available to Some Retirees. Here's How It Could Help You Prepare for Retirement.

1 week ago | fool.com | Dana George

If you're between the ages of 60 and 63 by the end of the year, you're part of a rarefied (but lucky) group. Beginning this year, Section 603 of the SECURE Act 2.0 allows you to supercharge your retirement accounts by contributing even more -- but only if you're between 60 and 63. Once you hit age 64, the party is over, and you're back to making "regular" catch-up contributions. Here's how the optional catch-up opportunity works. Super catch-upA super catch-up does not replace an ordinary catch-up.
Best Places to Invest if Your Employer Doesn't Offer a Retirement Plan

1 week ago | fool.com | Dana George

We hear a lot about the value of employer-sponsored retirement plans, but what if you're self-employed or your employer doesn't offer such a plan? Here are some of the best options currently available. Traditional IRADepending on your income, your contributions to a traditional IRA may be fully tax deductible for the year that you make them, allowing your investments to grow tax-deferred until retirement. You'll only pay taxes on the money when it's withdrawn.
Over 55 With Little Saved for Retirement? 7 Steps to Take Today.

1 week ago | fool.com | Dana George

A recent AARP survey showing that 61% of adults 50 or older worry they won't have enough money to support themselves in retirement is cold comfort if you lie awake at night, concerned about your situation. But whether you're 50, 55, or older, there is good news: There are steps you can take to improve your future. 1. Create a post-retirement budgetThe first step in taking control is to figure out where you stand. Add up how much income you expect after you retire.
4 Types of IRAs: Which Is Most Likely to Benefit You?

1 week ago | fool.com | Dana George

An individual retirement account (IRA) is a versatile personal savings plan designed to help Americans save for retirement, offering tax benefits along the way. If you've heard about IRAs but never explored their flexibility, now might be a good time to do so. Here, we will delve into four different types of IRAs, empowering you to determine which is most likely to benefit you.
What Is a Retirement Advisor and Why Do You Need One?

1 week ago | finance.yahoo.com | Dana George

Retirement advisors are financial advisors who have trained to work as retirement specialists. They can help you figure out if you're on target to retire -- or what needs to be done. Look for a fiduciary retirement advisor to ensure your needs remain front and center. What would you do if you had a compound fracture? Would you prefer a general practitioner to treat it, or would you rather see a trained orthopedic surgeon?
What Is a Retirement Advisor and Why Do You Need One?

1 week ago | fool.com | Dana George

What would you do if you had a compound fracture? Would you prefer a general practitioner to treat it, or would you rather see a trained orthopedic surgeon? No matter how knowledgeable a general practitioner is, they don't have the additional training required to do surgery. The same is true of financial and retirement advisors. No matter how talented a financial advisor is, they lack the additional training required to be a retirement advisor.
One Sure Way to Turbocharge an IRA

2 weeks ago | fool.com | Dana George

About 4.2 million Americans will turn 65 this year. While not all of them will retire right away, they're getting close. And yet, Americans don't appear to feel optimistic about their financial readiness. A recent Gallup poll showed that only 45% expect to be financially comfortable in retirement. If you're one of the majority who wonder if you'll be ready, it may be time to try a hack or two. Give yourself more timeLet's look at those 4.2 million Americans who will turn 65 this year.
How to Protect Your Retirement Savings -- Even if Trump's Tariffs Threaten to Drain Them

2 weeks ago | fool.com | Dana George

A recent survey commissioned by the financial services company Beyond Finance asked 2,000 Americans how they feel about their finances. Only 13% said they feel "very good," while another 28% reported feeling "somewhat good." That leaves 59% feeling not so great. That sentiment isn't surprising, given the financial uncertainties created by President Donald Trump's on-again, off-again tariffs.
5 Practical Ways to Cut Expenses in Retirement Without Feeling the Pinch

2 weeks ago | fool.com | Dana George

When you've already cut your retirement budget to the bone, you don't need anyone telling you to dig a little deeper. That's not what this article is about. Instead, we'll look at things you can do today to begin cutting costs. It's up to you to decide whether to tuck the savings away in an emergency savings account, invest it, or save it for something fun. While some of these ideas may be familiar to you, hopefully there will be a few you haven't yet considered. 1.
Choosing Between a Traditional and Roth IRA? Check This Comparison of the Two.

2 weeks ago | fool.com | Dana George

Traditional and Roth IRAs are excellent savings vehicles for retirement. But when deciding on something as important as where to potentially grow your investments, it's essential to understand the differences between the two. You may prefer one over the other or even find that you want to contribute to both. A general overviewWith a Roth IRA, you contribute money that's already been taxed. These "after-tax" dollars have the potential to grow tax-free as long as they're in the account.

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