Go to page: Does early retirement make sense for you?
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
Who wouldn’t love more control over how they spend their days? Retiring early can make that happen sooner rather than later, but it’s also a huge decision.
If you’re in a position to retire early — or if you aspire to find yourself in this position one day — how do you know exactly when to make…
Go to page: How Retirees Can Help Family Members Get Their First Dream Home
By Jennifer Frost
Council of mortgage lenders statistics show that 52% of first time home buyers get help from family members. With the majority of them being in their 20s and 30s, huge student loan debts, high property prices, and poor credit rating make it hard for them to afford to buy a house on their own. This means that most American family members especially retirees feel it’s their duty to support younger family members…
From: Sound Income Strategies, LLC
The great Alabama coach “Bear” Bryant once said, “Defense wins championships,” and you can bet that almost every great coach in nearly every sport has shared that same philosophy. Just think about some of the great sports dynasties, teams that won championships year after year: the Green Bay Packers under Vince Lombardi, the Boston Celtics under “Red” Auerbach, the Yankees…
From: Sound Income Strategies, LLC
Renewable Income Streams to Keep You a Step Ahead of Inflation
Renewable Resource — A natural resource that can replenish itself naturally over time.
We hear the term…
From: money.usnews.com
Your Social Security benefit may be taxable. Try these strategies to reduce your tax bill in retirement.
Most workers pay intothe Social Security program throughout their career. Many people also pay taxes on part of their Social Security payments in retirement.
Retirees with low incomes or whose only source of income is Social Security generally don’t pay income tax on their Social Security benefit….
Go to page: 6 Steps to a New Financial Approach
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
Have you heard of zero-based budgeting?
This approach isn’t for everyone, but many people find it’s an efficient way to keep track of their finances and stick to their goals.
And zero-based budgeting can be a good fit no matter where you are in life, whether you’re a young adult just learning about money or you’re retired and…
Social Security is one of the main benefit programs for workers in the United States. At some point, almost everyone will collect something from Social Security. If you are getting close to collecting from Social Security, you might be wondering how the program works and what to expect. Here are some of the most commonly asked questions about Social Security benefits.
How Old Do You Have to Be to Collect?
The short answer is that it…
From: www.fool.com
Hint: It’s really not enough to live comfortably on.
Millions of seniors today collect Social Security, and many rely on those benefits for the bulk of their income. If you’re planning to do the same in retirement, then chances are, you’re not doing much to save independently at present. But before you decide to settle on Social Security…
From: www.fa-mag.com
Democrats’ talk of higher taxes for the rich might intensify interest in state and local government bonds, where income is often exempt from taxes.
Tax-loss harvesting in municipal bond portfolios can allow investors to offset tax liabilities stemming from capital gains in other asset classes—as long as investors and advisors do their homework.
“Basically, when rates go up investors will potentially…
From: www.financial-planning.com
Baby boomers in the job market grapple with a persistent worry: What if I have a financial emergency that compels an early withdrawal from my retirement account? The income tax hit alone is painful but, unless an exception applies, the additional 10% penalty for those (usually) under age 59 1/2 applies salt in the wound.
The good news is that tax law…
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