A prevalent source of anxiety among retirees is that they may outlive their retirement funds. As a result, many people are hesitant to squander their retirement savings. And it’s not surprising, given how poorly prepared many Americans are for retirement. You’ll regularly hear people in the financial services industry say exactly that. The average person […]
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, it all adds up. And plans to meet future costs may be disturbed. Every penny counts in retirement, so you should create a precise budget that addresses as many potential issues as
Unexpected Retirement Expenses Read More »
Gen Xers will start turning 60 this year, in 2025. Generation X, sually defined as people born between 1965 and 1980, are a diverse group, all hailing from different backgrounds and with different levels of income. However, they all tend to run into the same few problems when it comes to retirement income. Here are
Gen Xers and Retirement Read More »
Many workers inadvertently leave behind their retirement plan accounts when switching to new jobs, and eventually forget about them completely. You may be pleased to know, a recently established federal basis should make the process of finding a lost retirement account simpler. At the end of May 2021, there were more than 24.3 million 401(k)
Recover Your Lost Retirement Account(?) Read More »
You may feel more stressed and busy around the holidays, especially if you have flights for Christmas or Thanksgiving planned. The following holiday travel tips might help your next vacation go more smoothly, whether you’re flying within the US to see family or friends or visiting Christmas markets over in Europe. Today, we’ll talk about
Holiday Travel Advice Read More »
Traveling in retirement could be your golden ticket to a different type of freedom, one in which every day offers chances for fresh new experiences and opportunities to learn. Of course, if you are the kind of person who loves to travel, that is. It provides the chance to see new locations; choosing to visit
How Much Do You Intend On Traveling In Retirement? Read More »
The IRS has been strongly encouraging taxpayers to conduct a tax “checkup.” This may help you avoid receiving unexpected 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 end up owing taxes. The IRS suggested that taxpayers
The IRS encourages “End of Summer Tax Checkup” Read More »
For many workers, retirement represents an ultimate goal: the day they can quit their job, 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 draws closer, there are a few things
7 Big Retirement Mistakes You’ll Live To Regret Read More »
Right now, annuity payouts are higher than they’ve been in a long time. More specifically, the returns on annuities are based on market interest rates. And, since rates were just at their highest level since 2001, now may be a very good time to purchase an annuity. Certain products and policyholders benefit better than others
How Higher Interest Rates Affect Annuities Read More »
If you retire early, you may face more financial difficulties since your Social Security may be insufficient to support you. Perhaps you have adult children or grandchildren that you need to provide for. After retirement, your living expenses will likely rise. Additionally, even after retirement, you will obviously need to repay any debts incurred while
Methods of Generating Extra Income in Retirement Read More »
