Can You Retire at 60 With $1 Million? | Create a Retirement Plan That Checks All Your Boxes | Gen X Rethinks Retirement

How to Turn Your Tax Bill Into a Refund | Can You Retire at 60 Years Old With $1 Million Saved? | Choosing a Corporate Trustee: The Pros and Cons Created for {EMAIL} | [Web Version]( October 13, 2024 FOLLOW US:  [LinkedIn]( [Facebook]( [Building Wealth]( [Building Wealth]( [SIGN UP](format=multipart) ⋅ [WEBSITE]( [] Taxes [] [How to Turn Your Tax Bill Into a Refund]( [How to Turn Your Tax Bill Into a Refund]( (Getty Images) A few easy steps, courtesy of financial professional Isaac Morris, can help you [avoid writing a check to the IRS](. And if your most recent refund was a whopper, you might want to consider a few adjustments. [] Saving for Retirement [] [Can You Retire at 60 Years Old With $1 Million Saved?]( [Can You Retire at 60 Years Old With $1 Million Saved?]( (Getty Images) According to financial planner Joe F. Schmitz Jr., the answer depends on several factors. The key is to create [a plan that combines all aspects of retirement]( — income, taxes, health care and legacy planning. [This Billion Dollar Startup Wants to Help You Retire]( This Princeton grad's startup raised $161 million to help people plan for retirement. If you're one of the whopping 110 million Americans over the age of 50, or wisely planning ahead, SmartAsset's no-cost tool can help match you with up to 3 vetted financial advisors. [Learn more]( ADVERTISEMENT [] Estate Planning [] [Choosing a Corporate Trustee: The Pros and Cons]( [Choosing a Corporate Trustee: The Pros and Cons]( (Getty Images) The [impartiality and dependability of a corporate trustee]( are key benefits, but some of the disadvantages could be deal-breakers. Wealth strategist and attorney Christopher F. Tate outlines the advantages and disadvantages. [] Retirement Management [] [Why Gen X Marks the Spot for Rethinking Retirement]( Retirement plans that worked for Baby Boomers may not fit the bill for Gen Xers. If you're nearing 60, it's time to bring your retirement strategy up to date. Financial professional Chris Blunt offers some suggestions. [Read More]( [Is It Better to Pay Off Your Mortgage Early?]( The decision to pay off your mortgage early or invest can be complex. Uncover the financial implications and personal considerations that could help you decide which path is right for you. [READ MORE]( ADVERTISEMENT [] Retirement Planning [] [Create a Retirement Plan That Checks All Your Boxes]( You might consider starting with a model retirement plan that has already been assembled and is ready to be refined to meet your objectives. Investment adviser Jerry Golden explains how that's done. [Read More]( [Golden Visa: Your Key to European Residency]( As more Americans explore global retirement options, Portugal's Golden Visa stands out. A €500,000 investment offers residency in one of Europe's safest countries, access to healthcare, and the freedom to travel throughout the EU. Learn how this program aligns with your goals. [LEARN MORE]( ADVERTISEMENT: [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Are you a danger when you drive?]( You might be shaking your head no, but read this to find out the five things that most of us have at some point done, or are doing, that could cause an accident. [FTC cracks down: Fake reviews officially a no-no]( Companies can no longer buy and post online reviews that aren't by actual customers — and there's a hefty fine involved. Find out what to watch for. [UTMA: A flexible alternative for education expenses and more]( This custodial account can be used to pay for anything once the beneficiary is considered an adult in their state. 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