seniors
How will you retire?
Consider the option of partial or phased retirement as explored in this article by Kristin McKenna, Senior Contributor at Darrow Wealth Management in Boston MA for Forbes on April 8, 2024. Read Ms. McKenna’s article here…. Notice: The link provided…
Minimizing your tax bill
One aspect not discussed in detail when saving for retirement is the impact of taxes on your retirement savings. Many retirees may be taxed at 20 to 30 percent when withdrawing from their retirement accounts. Only one-third of respondents of…
Unplanned early retirement
Some people have their retirement all planned out from an early age, and then there are the rest of us, playing catch-up in our 50s and 60s. Unfortunately, some of us find ourselves in early retirement due to circumstances beyond…
Three possible scenarios that could cost you a fortune
We all dream of how we want our golden years to look surrounded by family, sunshine, and good health, but that is not always the case. If you are age 65 in 2024, statistics show you will need five or…
Ideal retirement age
According to recent data, America’s ideal retirement age is 59.4. Although that sounds wonderful, it does come with some drawbacks. Maurie Backman advises why this ideal retirement age could be problematic for many individuals. Read Ms. Backman’s article here… Notice:…
Turning 65 this year, you need to start planning
According to the U.S. Census Bureau, the U.S. population is approaching a landmark sometimes called Peak 65, or silver tsunami, when more than 12,000 people will start turning 65 each day, hitting an estimated total of 4 million for the…
Here’s Social Security’s Payment Schedule
Social Security sends out millions of benefit payments all month long and, obviously, payments to all beneficiaries are not made on the same day each month. Fact is, the Social Security Administration has a very specific schedule for who gets…
Planning for Retirement – Here are some helpful ideas
Retirement planning can be intimidating, especially if you are mid-life looking at the horizon and wondering what you can do to better your chances of comfort in your golden years. But retirement planning is more than simply “crunching the numbers”…
Bi-Partisan “Save Our Seniors” said to protect Social Security
A bi-partisan trio of U.S. Senators have collaborated to introduce the “Save Our Seniors Act,” intended to keep Social Security’s true financial status front and center in Congress. Companion legislation has also been introduced in the House of Representatives. Fact…
Social Security for Divorced Spouses
“Your ex is worth twice as much dead than alive” proclaims one Social Security pundit, and guess what? That is true. Although there are specific criteria which must be met for a divorced spouse to be eligible for benefits from…