Whether you want to retire before 65, or are forced to retire due to health issues, downsizing, or family circumstances, what will you do for health insurance until you qualify for Medicare? Many Americans retire before the age of 65, whether through choice or necessity. And health insurance for these early retirees is typically more […]
Retiring Before 65? Here’s What You Need to Know Read More »
Retirees should take advantage of all available tax breaks. This is especially the case if you’re living on a fixed income; every penny counts, because you rely solely on it to make ends meet. However, it isn’t always easy to maintain your retirement savings. It’s easy to ignore significant tax breaks and other opportunities to
Tax Breaks For Retirees in 2024 Read More »
Many Americans choose to continue working to some extent during their retirement. It may seem counterintuitive, but remember: if you’re generally healthy and suffer from no chronic illnesses, your life expectancy could be as high as 92+ years. So many retirees who only planned for a 20+ year retirement may need to reconsider their financial
Working During Retirement? Read More »
How should you prepare for retirement? How much money do you need to save in advance? Exactly how much income will you need each year? As you approach retirement, you will want to evaluate your options when it comes to your income. During your retirement, you’ll receive income from Social Security benefits, as well as
The 4% Rule and the $1000 Rule Read More »
You’ve probably heard how important it is to save up as much as you can for retirement. After all, you don’t want to end up too dependent on Social Security benefits once you retire. Even if you get the absolute most you can out of your Social Security benefits, they’ll only replace around 40% of
The last day of September was the last chance before government funding expired. Thankfully, a last-minute agreement passed by the House and Senate kept the government funded through to November 17th, narrowly avoiding a government shutdown. But, what happens when November 17th comes? Will we have to go through this again? And how would it
What Would a Government Shutdown Mean For You? Read More »
2024 Recession? Economists, investors, and the Federal Reserve have been warning for the past year that a recession may be on the horizon. Although it was thought to be inevitable for 2023, the U.S. economy has so far avoided a downturn. Economic experts, however, still think one is likely on the horizon. But now they’re
What is Prolonged Grief Disorder? When you lose a loved one, it’s (obviously) normal to grapple with feelings of grief for a long time afterward. You may even feel this way years following the loss: Grief affects different people in different ways. But, it’s important to distinguish between this feeling, and what mental health experts
Prolonged Grief Disorder Read More »
Continuing to Work Into Your 70s? Older Americans have been continuing to work past the traditional retirement age. This trend is a result of a few things. Either because they can’t afford to retire sooner, an unfortunate risk many face, or by choice, as there are actually several benefits it comes with. Today, we’ll discuss
Working Into Your 70s Read More »
The Future of Social Security The Social Security program’s financial security is under constant observation and management by the Social Security Administration. They adjust various factors to ensure its long-term sustainability. However, it’s many reports indicate that it will suffer a severe benefit reduction in 2033. For this reason, it’s absolutely no surprise that most
The Future of Social Security Read More »
