Traveling in retirement could be your golden ticket to a new kind of independence, one in which each day brings the opportunity for new experiences and discoveries. If you’re the type of person who enjoys travel, of course. It offers the opportunity to explore new places; designating a trip to exploring one area rather than […]
How Much Should You Travel In Retirement? Read More »
The IRS is strongly encouraging taxpayers to perform a tax checkup at the end of the summer. This can help you avoid receiving unanticipated tax bills in the coming year. The agency emphasized that, if taxpayers did not adjust their withholding or make estimated payments, a significant number of taxpayers could find themselves in a
IRS Encourages “End of Summer Tax Checkup” Read More »
Retirement: The day workers can quit their jobs, go home, and never look back. But retirement doesn\’t always go as planned, and a lot of seniors wish they hadn\’t made the choices they did before they left their jobs. As retirement gets closer, there are a few things that need to be thought about. How
7 Big Mistakes You May Regret After Retirement Read More »
Bonds and market investments aren\’t the only assets offering potentially higher income at the moment. Annuities are also offering higher payouts than they have in years. More specifically, annuities base their returns on market interest rates (but do not invest your money in the market). Given that rates were recently at their highest level since
How Higher Interest Rates Affect Annuities Read More »
A \”solo ager\” is someone who retires without any immediate family or close friends. Solo agers are becoming more common, with an increasing proportion of Americans living alone, whether they are single, widowed, or divorced. In addition, many are childless or have adult children who reside far away, leaving them on their own. If this
Are you a \”Solo Ager\”? Here Are Some Things to Consider Read More »
If you retired early, you may be faced with a problem; your Social Security benefit may not be sufficient to live off of. Maybe you need to support your adult children or grandchildren. Retirement can sometimes make living more expensive than it was before. And, of course, many of your financial commitments from when you
Methods of Generating Extra Income in Retirement Read More »
Regardless of whether you decide to retire before age 65 or are compelled to do so by medical conditions or other family situations, you need to ask yourself the same question: How are you going to handle health insurance? Whether by need or choice, a large number of Americans retire earlier than the traditional retirement
Planning to Retire Before Age 65? Here\’s What You Need to Know Read More »
Many Americans, believe it or not, choose to continue work in some capacity during retirement. Obviously, we don\’t mean continuing work full-time. That wouldn\’t be retirement. But, for those who are generally health with high life expectancy, having a part-time or seasonal retirement job may be a good tactic for generating more retirement income. You
Benefits of a Retirement Job Read More »
How much money will you need saved for retirement? How much income should you withdraw each year? As retirement draws closer, you probably want to evaluate your income strategy. What sources of income will you have? You will receive income from Social Security benefits, as well as possibly retirement account distributions, a pension, et cetera.
The $1000 Rule and the 4% Rule of Retirement Read More »
September 30th was the final day before government funding expired and the last chance to re-fund it. Thankfully, a last-minute agreement was passed by the House and Senate to keep the government going through to November 17th, narrowly avoiding a government shutdown. But… what happens when November 17th comes around? How will it affect you,
What Would a Government Shutdown Mean For You? Read More »
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