Many retirees are concerned that they may outlive their savings, making it hard for them to spend money during retirement. Can you blame them for being scared to spend? Much of the financial world is focused on how woefully unprepared most Americans are for retirement. There’s also much focus placed on a 3%, 4%, or […]
many Are Scared to Spend Money in Retirement Read More »
Taking out an extra $10,000 from your savings for a new roof may not seem like a big deal at the time. However, costs build up, and plans to cover future expenses may be disrupted. Every penny counts in retirement, so you should create a detailed budget that addresses as many potential issues as possible.
Unexpected Retirement Expenses Read More »
Generation X will begin turning 60 this year, in 2025. There’s a wide range of people in Generation X; typically defined as those born between 1965 and 1980, Gen X includes people with varying financial statuses. However, they all tend to face the same few retirement income pitfalls. If you’re a member of Generation X
Gen Xers and Retirement Read More »
When employees change jobs, their retirement plan accounts may be left behind and eventually forgotten. Fortunately, a new federal database should make it easier to find your lost retirement accounts from previous employers. In May 2021, there were over 24.3 million forgotten 401(k) plan accounts, valued a combined $1.35 trillion. For May 2023, over 29
Recover Your Lost Retirement Account(?) Read More »
You may feel extra stressed and busy during the holidays, especially if you have plans to fly for Christmas or Thanksgiving. The following holiday travel tips may help your holiday abroad go more smoothly, whether you’re going to Christmas markets in Europe or flying within the US to see family or friends. Today, we’ll talk
Holiday Travel Tips Read More »
Traveling in retirement could be your golden ticket to a new level of freedom, with each day bringing new adventures and discoveries. If you’re the type of person who deeply appreciates travel, of course. It provides the ability to discover new places; dedicating a trip to exploring one area rather than skimming the surface of
How Much Do You Want to Travel In Retirement? Read More »
The IRS has recently advised taxpayers to do a tax check-up. This might help you prevent getting unanticipated tax bills in the next year. The agency underlined that many taxpayers would owe taxes if they did not change their withholding or make estimated payments. To enable citizens to match their tax payments to what they
The IRS encourages “End of Summer Tax Checkup” Read More »
For countless workers, retirement represents the ultimate goal: the day you leave work, return home, and never look back. Retirement, however, is not always what is expected of it, and many retirees regret the decisions they made before leaving work. As retirement draws near, several questions need to be considered. However, be sure you’re making
7 Big Retirement Mistakes You’ll Live To Regret Read More »
There are currently other options with the potential to yield higher income than bonds and market investments. For example, payouts from annuities* are higher than they have been in a long time. More precisely, annuities don’t invest your money in the market; instead, they base their returns on market interest rates. In general, the time
How Higher Interest Rates Affect Annuities Read More »
A “solo ager” is someone who finds themselves living far away from any relatives or close friends during retirement. Americans are becoming more and more likely to live alone, whether they are single, widowed, or divorced. Additionally, a large number of them are childless or have adult children who live far away, leaving them to
Are You a “Solo Ager”? Read More »
