Curated articles and podcasts from trusted financial experts and real retirees.
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There is limited guidance on transitioning from saving during working years to spending in retirement years. Why the surging popularity of annuities the last few years?...
Assisted living homes can be fine for socialization and activities but there are hidden risks. Choose carefully and monitor your elder there frequently to avoid dangers....
The stark difference in Black and White workers’ wealth is old news. But now we have some fresh information about the wealth gap: it grows as people age and move through their retirement years. ...
Abstract In June 2022, U.S. inflation peaked at 8.9 percent – a dramatically high level after nearly three decades of relatively stable prices. Because inflation has been so low for so long, the...
Abstract U.S. inflation peaked at 8.9 percent in June 2022, and, while the rate has declined substantially since then, inflation remains an important concern. This paper uses a new survey of household...
Thereport’skey findings are: High inflation tends to harm older households, but the size of the impact varies due to three factors: the extent to which income and assets keep up with rising pric...
Trustees Report continues to show 75-year deficits and exhaustion of trust fund in early 2030s. The 2024 Social Security Trustees Report repeats the drumbeat that the Social Security program faces a d...
Frustrated With Bad Financial Advice In the digital age, where advice is as plentiful as it is varied, discerning the worthwhile from the worthless is crucial, particularly concerning your finances. I...
Should 70-year-old Bob live off of capital gains and dividends from his mutual funds plus Social Security, or should he sell poor-performing mutual funds for living expenses and reinvest the cap gains...
Are you going down the locum tenen physician route? Or are you establishing your own medical practice? As a non-employee, ... Read more...
If a 65-year-old signs up for a Medigap policy but decides a year or two later that the premiums are too high, the new retiree can easily switch to an Advantage policy with a low premium. But if, afte...
Looking forward to retiring this summer. We've got a studio apartment in our home that I will rent out on AirBnB and I've got a small trust ($650/month) from my dad passing last year. My wife will con...
Note: If you don't read the entire post, take a look at the attached links to google drive that illustrates two scenarios. 1) $750K initial investment (now) in a fixed index annuity with an income rid...
I've been thinking about the tendency for people to gravitate toward the familiar. In retirement, that would mean either staying put, or going somewhere you've known or been fond of from earlier times...
Hi there. I don’t know if I am able to use Silver Sneakers at two local gyms. One that is quite a bit of a drive has a lap pool - the other one that’s a few minutes from home is a nice fit...
Girls just want to have…funds. In fact, a recent study revealed that 54% of Americans have picked up a side hustle to earn extra income, with 49% of women having done so. 6 Online Side Hustle I...
Wealth managers often plan as if their clients will live to age 95 — but few Americans do. New research suggests a different approach....
There's a difference between advising a client on a decision and making the decision for them. What happens when the client demands the latter?...
More Americans are entering the 401(k) millionaire club. In fact, 422,000 retirement savers are now labeled 401(k) millionaires¹. It’s not a surprise we are seeing a rise in questions about...
Income taxes can hinder wealth creation. Fortunately, for Americans seeking to save on taxes, there are nine states without income tax where we can choose to reside. These states are listed below in a...
Opening a medical practice or business can be rewarding, but it’s not without its hurdles. What if your company faces ... Read more...
Hey Everyone! Today, I want to update you on the state of blogging at Retire by 40. First of all, thank you for visiting this blog! I appreciate your support over the years. This blog wouldn’t b...
Financial freedom can be within reach if you utilize accurate forecasting, sound investing principles and the correct lens on your retirement years. Many view retirement as a finish line, marking the ...
Advice, explainers and exercises on taking advantage of job benefits, creating a budget, paying off debt and thinking about your future....
Have you thought about getting a mortgage for your home in retirement? If so, have you strategized how you would pay it off? In this episode, we explore Scott’s question about pursuing a mortgag...
As stated in the title, what do you all do, if you are collecting social security, about taxes? Do you have a certain percentage taken out of your social security before receiving it monthly or pay qu...
I'm really enjoying this group and learning a lot, but I have a few basic questions. I'm a 60 year old male hoping to retire before 70. I have $500,000 in my 401k, and 17 years left on my mortgage (Th...
I’m planning on working until the age of 70. I’m 54 now and I love my job. I get plenty of time off for travel, etc. My current expenses are 4k a month. I should get around 3k in SS,if I w...
Believe it or not, your teenagers want to hear what you have to say about money and your family’s financial decisions. But be willing to listen, too....
Social Security just expanded access to Supplemental Security Income (SSI) benefits and reduced the administrative burden for low-income households....
With the rise of AI, the growing U.S. debt, and the looming possibility of WWIII, there's been some discussion about how to invest in case society collapses. Though these conversations tend to be over...
To plan smart for retirement, estimate your Social Security benefits years before you'll need the money. Here's how to do it....
I’m planning on retiring sometime In 2025. I think all looks good. Wife gets nervous. Probably as much about me disrupting her routine as finances haha. Any specifics I should be asking our plan...
It's a beautiful Monday morning just a little over 4 years since I involuntarily retired. (That turned out to be a good thing). I often reflect, on these weekday mornings, on how incredible it is to h...
We (61m & 60f) are getting ready to downsize and move to a townhouse in a mid size city. The difficult question is if we should sell our very big suburban house (with equity but also a big mortgag...
Are there lessons we should learn from the comparison of the Rockefellers and the Vanderbilts? In this episode, we look at the contrasting estate planning tactics of two of America's wealthiest dynast...
My Mother receives Social Security and disability. If she has or makes too much money, they will start restricting her benefits. I'm in a position where I need to utilize her bank account, and move ab...
Continuing from where we left off last time, after Cancun we headed to Merida. Since this was the first time we travelled with a baby, I was reluctant to go anywhere that required a long bus ride. A 5...
Technology is helping people age in place. Here are some examples....
FROM ARTICLE - SEE ARTICLE FOR MORE! Why the Retirement ‘Magic Number’ Keeps Getting Bigger. Inflation fears, longer lives fuel spike in what Americans believe they’ll need to retire...
There are many scams people should be watching out for. Two that can impact seniors in particular are gift card draining and check washing....
There is a lot involved. We (both 65) have two grown daughters (18 and 22) who we are still supporting and they need to step up. I've been unemployed for the last 2 years and having a very difficult t...
Thinking about a move to New England for retirement? Here are the best places to land for quality of life, affordability and other criteria....
No matter where you are in your financial journey, many options are available, including eliminating RMDs altogether through Roth conversions....
To maximize your retirement income, you need to know how your cash balance plan works, which type of payout is right for you and how it’s taxed....
Since a surviving spouse gets the most flexibility and tax breaks of all possible beneficiaries (other than perhaps a charity), it seems that choosing your spouse as the beneficiary of your IRA may be...
Here are some smart strategies to get those balances down...
Understanding the fundamentals of personal finance is pivotal for kids to successfully launch into the world of adulting. Money skills are necessary to navigate effectively through everything from lif...
Incorporating these FIRE practices into your daily living can enrich your life and put you on the path to rocking retirement (at any age!)....
You work hard to save for your retirement. To help you enjoy it and live more comfortably, here are suggestions to stay on track....