Here’s What It’s Like to Retire on Almost Nothing but Social Security
Four retirees with limited incomes open up about how they make it work...
wsj.com
Jan 06 2024
Showing 50 results of 14301
It’s that Time Once Again for Retired Households to Perform Their Actuarial Valuations
At the beginning of each calendar year, we encourage our retired (or near-retired) readers to perform an actuarial valuation of their household assets and spending liabilities to see whether changes s...
howmuchcaniaffordtospendinretirement.blogspot.com
Jan 06 2024
Are dividends qualified or not? I need to know before I buy the stock.
Now that I am retired in the USA, I am in much lower tax brackets (a sweet treat) and qualified dividends in particular will be taxed at 0% up to $80k for us, which makes them very attractive. No tax ...
reddit.com
Jan 06 2024
How Can I Find a Walkable Reitrement Community?
I’m looking to relocate to a walkable town / small city in the US with cool summer and snowy winter climate. I would prefer to live in a 55+ building or community. I rather rent than own but but...
reddit.com
Jan 06 2024
Fewer Self-Made Millionaires Than You Think: A Problem?
Everyone aspires to be a self-made millionaire, but surprisingly, there are fewer self-made millionaires than commonly thought. Before finding out the answer, what percentage of millionaires do you th...
financialsamurai.com
Jan 05 2024
Capital One Spark Cash Select Business (Excellent Credit) Review
Advertiser Disclosure: Physician On FIRE has partnered with CardRatings for our coverage of credit card products. Physician On FIRE and ... Read more...
physicianonfire.com
Jan 05 2024
Retired and returning to the US from living abroad and have questions about Medicare
I lived in Costa Rica for 20 years (thinking I would live there forever) but returned to the US when my health declined and it was impossible for me to continue to live alone. I began receiving Social...
community.aarp.org
Jan 05 2024
Cautionary Tale: A Romance Scam Can Fool Your Lonely Aging Parent
Dating apps have good folks on them, but scammers work them too. Look for the common red flags outlined her and warn your elders....
forbes.com
Jan 05 2024
PSAnnouncement - automated filter issues
Hello, sorry to anyone that is experiencing issues with incorrect nsfw, politics, or swearing removals by our bot. I am not sure what is going on but our automated filters are filtering when they shou...
reddit.com
Jan 05 2024
Beach condo. Does it still make sense financially?
62 years old and single. . Won’t go into all of have saved but I have been smart, but am in a tiz about a beach condo. I bought in 2015 with the thought that once I retire I can spend half my ti...
reddit.com
Jan 05 2024
Social Security COLA falls far short of 2024 prices, study finds
Social Security is getting a 3.2% boost this month — but retirees' expenses have risen by more than triple that rate since last year....
financial-planning.com
Jan 04 2024
Learn From People Who “Retired” Early
Read real-world examples of people who “retired” early by applying creative strategies....
forbes.com
Jan 04 2024
Federal Reserve Has Disappointing News on Retirement Saving
Older high-income households with a 401(k) gained; everybody else lost. The Federal Reserve’s 2022 Survey of Consumer Finances (SCF) summarizes changes in family finances between 2019 and 2022 &...
crr.bc.edu
Jan 04 2024
A Closer Look at Annuity Fees and Taxation
In response to Darrow’s recent post on inheriting an annuity, I received the following comment, which I edited for clarity: I have a variable annuity via Fidelity. It is the result of a 1035 con...
caniretireyet.com
Jan 04 2024
5 Things You Need To Know Before You Retire
There are a few things you need to know before you retire. If you’re not retired, it’s impossible to know what it’s REALLY like to be retired. Without knowing, it’s difficult t...
theretirementmanifesto.com
Jan 04 2024
Setting New Year’s Goals and Ignoring Old Noise in 2024
Happy 2024 from the team at Keen Wealth Advisors! The Dow sent us into the New Year on a high note -- literally -- by hitting a new all-time high in December on the back of some very positive economic...
keenonretirement.libsyn.com
Jan 04 2024
Conservative investment alternatives as CD rates drop.
As CDs mature and rates drop, where would you move this money? My current portfolio is 50% Equities, 40% CD and 10% Bonds. I'm drawing SS and plan to retire this year. I'm 68 years old, sold my house ...
reddit.com
Jan 04 2024
Solo 401(k) Plans Eligible for Up to $1,500 in Tax Credits
SECURE 2.0 auto-enrollment tax credit provides “substantial incentive” for self-employed…...
401kspecialistmag.com
Jan 04 2024
2024’s 10 Best Places in the World to Retire
Familiar expat favorite reclaims top spot in International Living’s new rankings of places…...
401kspecialistmag.com
Jan 04 2024
Bob Doll’s 10 Predictions for 2024: Goldilocks Remains a Fairytale
Crossmark Global Investments CIO sees Republicans winning White House, a rough year for…...
401kspecialistmag.com
Jan 04 2024
Morningstar Retirement Joins Retirement Advisor Council
Morningstar Head of Channel Strategy Nathan Voris will serve as representative in the Council...
401kspecialistmag.com
Jan 04 2024
Nearly Half of Investors Hopeful About 2024 Economy
The study from Allianz Life finds that investor sentiment is low due to market uncertainty…...
401kspecialistmag.com
Jan 04 2024
2024 New Year Goals
Happy New Year! I hope you had a great holiday. We just got back from vacation and reality is tough. RB40Jr doesn’t want to go to school. Mrs. RB40 doesn’t want to go to work. Even I don&r...
retireby40.org
Jan 04 2024
Question on annuities. Hypothetical scenario
55 Y.O looking to retire at 60 $600,000.00 in 401k $300,000.00 in other savings and investments $27600.00 per year in ss at 63 ($2300.00 month) No mortgage, car payments or credit card debt I've heard...
reddit.com
Jan 04 2024
Calculator for managing MAGI and ACA subsidies?
Nearing earlish retirement and will need to use ACA for a few years. We'd like to balance out using our cash reserves, taxable brokerage, and tax deferred assets hopefully leaving the Roth assets to g...
reddit.com
Jan 04 2024
Anyone factored in Social security reductions?
Politics aside please… So we always hear about social security headed for insolvency and one solution being tossed around is reducing benefits by 20-30%. Has anyone here factored that possibili...
reddit.com
Jan 04 2024
Investing suggestions for elderly parents
My wife and I manage the finances for her mother/father. They are 92 and in declining health. We're spending about $13,500 / month (minus $5K LTC insurance) on assisted living and memory care. Money, ...
reddit.com
Jan 04 2024
No PREDICTION- just a THOUGHT for the New Year 240104
Episode 440: Happy New Year !!! Here’s some thoughts on closing out 2023 and ringing in 2024. Sign up for free ALERTs & Market Commentary at: https://www.investablewealth.com/subscribe/ &mda...
wealthsteading.com
Jan 04 2024
Credit Cardholders Can’t Seem to Knock Down Balances
After a good Christmas for retailers, the January regrets about overspending are inevitable. What’s driving that regret was dramatized in a recent experiment to see if consumers could get contro...
crr.bc.edu
Jan 04 2024
Age 70 Start for Social Security
I will turn age 70 on June 1 and plan to start taking Social Security then in order to get the highest amount. So I have a timing question: Do I have to have first turned age 70 to do this? For exampl...
community.aarp.org
Jan 04 2024
I am struggling with meaning - Wiki Wednesday Part 3 - 1.2024
Hello r/retirement community! In support of our subreddit being a resource for retirement, today is the third edition of Wiki Wednesday. These posts highlight an item(s) in our wiki. It is located on ...
reddit.com
Jan 04 2024
Number of Older Workers Doubled From 1987
The growth in workers ages 65 and older could be linked to a rise in population, higher…...
401kspecialistmag.com
Jan 04 2024
Making Financial Resolutions a Reality
Lincoln Financial Group issues report on helping participants realize their financial goals for 2024...
401kspecialistmag.com
Jan 04 2024
TSP Realized Significant Gains in 2023
2023 TSP performances largely outpaced those of 2022, with the highest return finishing at 26.25%...
401kspecialistmag.com
Jan 04 2024
The Top Retirement Stats for 2024
Among the statistics found by Clever include over half of Americans who are not currently…...
401kspecialistmag.com
Jan 04 2024
Reflections from 10 Years of Financial Independence
Note: The winner of the book giveaway from last week will be announced at the end of this post Happy New Year! Hope you are all warm and comfy in your homes and celebrating with your families and frie...
millennial-revolution.com
Jan 03 2024
Your Money or Your Life
I've always liked the idea of living in the penthouse. The view. The luxury. The lack of noisy upstairs neighbors. There's something exciting about it. And, as someone who has lived in eight different...
ofdollarsanddata.com
Jan 03 2024
New IRS Ruling: Can’t Modify A Trust To Add A Tax Reimbursement Clause
A new IRS ruling, CCA 202352018, holds that if you modify a trust to add a tax reimbursement clause the beneficiaries will be deemed to have made a gift....
forbes.com
Jan 03 2024
How Couples Can Adopt The Same Financial Goals And Win
In 2024, I am transitioning from a spender to a saver mindset. I am returning to frugal habits reminiscent of my lifestyle in the first thirteen years after college. This change is prompted by the nee...
financialsamurai.com
Jan 03 2024
Which States Tax Social Security Benefits? Missouri, Nebraska Change Rules
Learn all about Medicare plans and costs for different parts of the plan with Money's expert guide....
money.com
Jan 03 2024
Saving for Retirement Is Getting Easier in 2024 Due to the SECURE 2.0 Act
SECURE 2.0 spells out changes to RMDs, automatic 401(k) enrollment, 529 rollovers and more....
money.com
Jan 03 2024
Converting A Horrendous Market Structure Into The Best
A new online marketplace - the Certified Mortgage Network - promises to benefit borrowers by creating close to perfect competition...
forbes.com
Jan 03 2024
Bilt Credit Card Review 2024: Is Bilt Credit Card Worth It?
The first big responsibility I faced straight out of college was (no brownie points for guessing) paying rent. The ... Read more...
physicianonfire.com
Jan 03 2024
Social Security Benefits and Working While Receiving
I have a slightly oddball question that doesn't seem to fit anywhere. The text of the letter I just received from SSA says this about working while collecting: "When you reach your full retirement age...
reddit.com
Jan 03 2024
Question on Health Savings Account balance and using it when you get to Medicare
Can it be used for Medigap costs? Can it be used for Medicare advantage costs? My wife and I become eligible later this year. She has the HSA. I don't but I have money my company set aside to use with...
reddit.com
Jan 03 2024
Funds in company 401(K) cannot be rolled over into Schwab IRA.
Recently discussed consolidating my 401(K) into my IRA with my Schwab broker and was told the funds I hold are proprietary to my former employer and cannot be moved. Suggestion was to speak to 401(K) ...
reddit.com
Jan 03 2024
Retiring this year but son is hospice, need to chart a new path
This year I turn 66.5 in June. I will retire this year, and it just depends on which way I want to do it. The company I work for would like me to keep working there so this all makes for a nice exit f...
reddit.com
Jan 03 2024
Till Debt Do Us Part: Resolving Financial Tension - Part I
It's no secret that when there's financial tension between couples, it can hurt the relationship. In this two part series, we explore 10 topics that can create financial tension between couples and st...
retirementroadmappodcast.podbean.com
Jan 03 2024
2024 Financial Checklist for Q1
Many of us start the New Year resolving to do better financially, and based on reports from 2022, it’s easy to see why. A 2023 Bankrate survey found the following: “Americans are more than...
401kmaneuver.com
Jan 03 2024
What to do with your old 401(k)’s
“With the average person changing jobs every 4 years, over $3.1 trillion dollars have been left behind in 401(k)’s at old jobs collecting huge fees.” Think about that, $3.1 trillion ...
thomaskopelman.com
Jan 03 2024