A common concern among retirees is that they will outlive their retirement savings. Many people are therefore scared to spend money in retirement. And it’s no surprise, consider how woefully unprepared many Americans are for retirement. You’ll often hear the financial services industry tell you just that. Their fear is unsurprising. Despite the fact that […]
Many are Scared to Spend Money in Retirement Read More »
At the time, taking an additional $10,000 out of your retirement savings for a new roof might not seem to matter too much. However, expenses mount up, and plans to pay for future expenses could be thrown off. In retirement, every penny counts. Therefore, you should establish a thorough budget that accounts for as many
Unexpected Retirement Expenses Read More »
Generation X will start to turn 60 this year, in 2025. Generation X, the generation born between 1965 and 1980, is a diverse generation, with its members coming from various socioeconomic backgrounds. However, they all confront a few common retirement income difficulties. If you are a member of Generation X who is about to retire,
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When employees change jobs, their retirement plan account may be left behind and forgotten. Fortunately, a new federal database should make it easier to find your lost retirement account from a previous employer. As of May 2021, there were over 24.3 million forgotten 401(k) plan accounts, totaling approximately $1.35 trillion. For May 2023, there were
Recover Your Lost Retirement Account(?) Read More »
You may feel extra stressed and busy around the holidays, especially if you plan to fly for Christmas or Thanksgiving. The following holiday travel tips may make your vacation go more smoothly, whether you’re flying internationally or traveling within the United States to see family and friends. Today, we’ll discuss some lesser-known holiday travel tips
Holiday Travel Tips Read More »
Traveling may be your key to a new type of independence in retirement, where there are opportunities to learn and experience new things every day. If you’re the type of person who enjoys traveling, that is. While taking a trip might help you explore new places, you should concentrate on exploring one location in-depth rather
How Much Do You Plan on Traveling In Retirement Read More »
Recently, the IRS has strongly encouraged taxpayers to conduct a tax checkup. This is because it could save you from being caught off guard by unexpected tax payments in the next year. The government underlined that, if taxpayers did not alter their withholding or make anticipated payments, a considerable proportion of them might end up
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Retirement is not always what’s anticipated of it. Many workers look forward to the day they’ll get to leave their jobs, go home, and never go back. Unfortunately, however, a lot of retirees regret the choices they made before quitting their jobs. As retirement approaches, there are a lot of things you need to think
Seven Retirement Errors You’ll Live To Regret Read More »
There are currently other options out there with the potential to yield higher income than bonds and market investments. Payouts from annuities are also more 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
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A “solo ager” is a person who, upon retirement, has no family or close friends in their immediate vicinity. Growing numbers of Americans, whether single, widowed, or divorced, live alone, making solo agers more prevalent. Furthermore, many are childless or have distant adult children, leaving them on their own. If this applies to you, there
Are you a “Solo Ager”? Here Are Some Things to Consider Read More »
