Retire Today

Dale Hall of the Society of Actuaries explains how to project your longevity and why informed life expectancy matters for retirement planning.

Author Beth Pinsker shares her experience overcoming the challenges of financial caregiving based on her book “My Mother’s Money.”

Jeremy Keil dives into the details of estate planning, what people often miss and how to leave a legacy that lasts.

Paul Merriman shares what his 60+ years of investment experience says about fees, behavior, and building a plan you can actually stick to.

Author Jillian Johnsrud explains how mini retirements help people retire often in this week’s episode of “Retire Today” with Jeremy Keil.

Jeremy Keil compares long-term care insurance to self-funding long-term care through the lens of 3 clarifying questions.

Rona Guymon and Jeremy Keil discuss how the recent economic changes have affected retirement plans and strategies.

Kanwal Sarai of “Simply Investing” explains his 12 rules for dividend investing and how this strategy could be used in retirement planning.

Andrew Motiwalla explains how to prepare for long-term travel and how to incorporate travel into your retirement plan.

Discover how step 5 of building your retirement master plan can help you leave a lasting legacy while avoiding the big 3 retirement risks.

Learn the number 1 investing mistake people make in retirement and how to build a retirement investment plan.

Learn how to keep more of your retirement income through tax planning in step 3 of the 5 step retirement plan.

Learn how to maximize your Social Security and pension benefits in your retirement income plan.

Order your copy of Jeremy Keil’s new book “Retire Today” available now.

Jeremy Keil explains step 1 of the 5 step retirement plan: retirement spending. When it comes to retirement planning, one of the biggest questions people ask is: Where do I start? The truth is, before you think about investments, taxes, or even when to claim Social Security, you need to figure out one thing—how much you’re going to spend in retirement. This is what I call Step One in creating your retirement master plan, which I’ve outlined in my book Retire Today. While many people assume retirement planning begins with assets and income, I believe it begins with spending. After all, if you don’t know what you’ll spend, how can you know how much income you’ll need? Why Many Budgets Fail When I sit down with people, their first instinct is often to start building a retirement budget. They think they need to track every coffee, grocery run, and gas fill-up to get an accurate picture. But here’s the problem—budgets are almost always wrong. People underestimate their spending, forget about irregular costs, and end up thousands of dollars off the mark. I’ve seen it happen time and again. Instead of building from the ground up, there’s a simpler formula that works nearly every time: Income – Savings = Spending. Whatever comes from your paycheck into your checking account typically gets spent—unless you’re intentionally saving it. By starting here, you can find your true monthly lifestyle amount without overcomplicating things. The Story of Thomas Take Thomas, for example. He had what I thought was the best budget I’d ever seen—two years of detailed expense tracking. Every expense logged, every penny accounted for. He proudly told me he spent $7,000 per month. When we broke it down, though, we realized he didn’t need years of tracking to figure this out. His income was $104,000 per year. He saved $20,000 into investments. That left $84,000 for spending—or $7,000 per month. Exactly what his “perfect” budget said, but it took him two years to arrive at something the formula showed in minutes. Don’t Confuse Saving with Growing One caution I often give people is not to confuse saving with growing. If you’re putting $500 into savings every paycheck, but pulling it out later for property taxes or vacations, that’s not saving—it’s managing cash flow. True saving means money you set aside for the long-term, not just for short-term annual expenses. This distinction matters because when you’re projecting retirement spending, you need to know what’s truly ongoing versus what’s temporary or irregular. The Costs People Forget Even when people nail down their monthly lifestyle amount, I often see them forget two of the biggest retirement costs: Health Insurance – Before 65, you’ll likely pay much more out of pocket than once Medicare kicks in. A good rule of thumb is budgeting around $1,000 per person per month, but this varies widely. Taxes – Many retirees underestimate taxes, or treat them like a fixed bill. But taxes are flexible—you can plan, shift, and smooth them over time. That’s why I recommend using tax planning software or working with a planner who can show you different strategies. Don’t Forget the “Non-Lifetime” Expenses Your monthly lifestyle spending is the foundation, but retirement also comes with non-lifetime expenses—costs that won’t last forever, but you should still plan for. These often include: Paying off a mortgage (which eventually goes away). Buying a new car (which will likely happen more than once if you retire in your 60s). Home renovations and repairs (you’ll notice more when you’re home full-time). Big trips and family events. If you don’t plan for these, they’ll sneak up and throw your retirement plan off track. Why Step One Matters Most Retirement is not about hitting a magic savings number—it’s about matching your income to your lifestyle. Step one is figuring out your lifestyle amount: how much you nee...

Jeremy Keil explains why personalized longevity estimates are the most important number in your retirement planning.

Jeremy Keil interviews Anthony Napolitano about how he managed to adapt his retirement plan after an unexpected end to his career.

Introducing the next chapter of the "Retirement Revealed” podcast as “Retire Today”

Jeremy Keil explores the incoming changes resulting from the “One, Big, Beautiful Bill” and how they might impact your retirement.

Jeremy Keil breaks down the Investopedia.com list of the 11 best low-risk investments for 2025.