There is still time to improve your retirement finances in the years leading up to retirement. By reviewing how much you have saved and thinking about how much ...
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Now that’s more like it. Older Americans scraping by on meager increases in their Social Security checks the past decade will reap a relative windfall next year. The ...
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Comments Off on Social Security cost-of-living increase will boost benefits 5.9% in 2022 as inflation spikes
Long-term care (LTC) is expensive. Even bottom-of-the-barrel care can break the average retirement income plan. The problem is exponentially worse for married couples who face increased odds of ...
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Retirement doesn’t have to be a drastic cut from a full-time job to no job at all. You may still want to work, just not as much — ...
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Comments Off on Don’t want to fully retire? Here’s when phased retirement may work
The reopening of the economy means that consumers are finally spending more money on goods and services, driving inflation up to 5.3% in August compared to a year earlier. In ...
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The Main Types of Annuities Generally speaking, there are two basic annuity types, immediate and deferred. The main difference between them is your payout options. With an immediate ...
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When drawing up your retirement income plan, you need to be prepared to cover these three different income gaps. If you don’t, you’d better be ready to cut ...
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Comments Off on Fill Your Retirement Income Gaps – and Then Some
Social Security is a significant source of income for many retirees, but people often misunderstand even basic concepts behind this government program. Nearly 90% of American adults say ...
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Comments Off on 6 Things Many Americans Get Wrong About Social Security
In retirement, taking care of yourself and your family should be your top priority, and that will come with expenses. However, those expenses don’t have to take you ...
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Comments Off on 3 costs you can’t avoid in retirement, no matter how hard you try
We are creatures of habit, especially when it comes to finances. Even looking back at your first allowance, likely that you received it on a regularly scheduled day ...
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Comments Off on Retirement Planning Tip: Try A Six Month Drawdown Instead Of Monthly