Tip of the Month
2024’s Record Number of Retirees May Spark a Recession
This year will see a record number of Baby Boomers reach the traditional retirement age. By 2030, they will all be at least 65. However, this creates a fiscal problem, as fewer taxable workers means
Many are Scared to Spend Money in Retirement
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
Unexpected Retirement Expenses
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
Gen Xers and Retirement
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
Recover Your Lost Retirement Account(?)
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
Holiday Travel Tips
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
How Much Do You Plan on Traveling In Retirement
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
IRS Encourages Tax Checkup
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
Seven Retirement Errors You’ll Live To Regret
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
How Higher Interest Rates Affect Annuities
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,
Are you a “Solo Ager”? Here Are Some Things to Consider
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.
Generating Extra Income in Retirement
If you retired early, you may be faced with a problem: your Social Security payment may be insufficient to cover your living expenses. Perhaps you need to support your adult children or grandchildren. Retirement can
