From: retiredinamerica.com
Retiring early seems like a distant dream. But with determination, motivation and careful planning, you could become financially independent and able to retire early. In other words, become a member of the FIRE movement.
In order to accomplish your FIRE goals, you might need to make some sacrifices along the way and cut down or even downright eliminate some things you…
From: www.iamsinc.com
On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Act into law. The SECURE Act marks the most significant overhaul to retirement policy in years. And with these changes, comes a need for many people to review, or even revise, their retirement plans. This presents multiple prospecting and marketing opportunities for financial advisors.
In total, the SECURE Act…
From: legalguidancenow.com
Are Social Security benefits really taxable? Well, yes and no; it all depends on the state you live in. Vermont, for example, views Social Security benefits the same way as the feds. Meanwhile, Conneticut taxes them only if your income tops $50,000.
Regardless if you’re planning to move to another state soon or just travel there for a…
From: www.fool.com
The payroll tax generated more than 88% of the $1 trillion collected by Social Security last year, but some forms of income got a free pass.
If you’ve ever wondered how important Social Security is to the financial well-being of our country, here’s a fact to take to heart: Each month, roughly 64 million people…
From: www.fool.com
Wishing for heftier monthly checks in retirement? Here’s how to do it.
Social Security benefits can make the difference between barely scraping by in retirement and living a comfortable and enjoyable lifestyle. For many people, those monthly checks are also the main source of income in retirement. In fact, approximately half of baby boomers say they expect…
From: www.fool.com
Retirement is a scary notion for some seniors, not because it means getting older, but because it means moving over to a fixed income with little financial wiggle room. If you’re concerned about having enough money in retirement, here are a few things you can do to scrounge up extra cash.
From: www.fool.com
From what beneficiaries will be paid to what workers could owe in payroll tax, big changes are on the way for America’s top social program.
There’s little question that Social Security is our nation’s most valuable social resource. Of the nearly 64 million beneficiaries netting a monthly payout, over a third are being lifted out of poverty, with…
From: www.nerdwallet.com
Retirement mistakes can increase the chances of outliving your money. Getting an objective second opinion can help.
One of the biggest retirement mistakes you can make is not realizing what you don’t know.
I regularly hear from people in or near retirement who misunderstand how Social Security works, dramatically underestimate life expectancies or fail…
From: www.nerdwallet.com
The estimate you receive may be too low if you’re young and too high if you’re older.
The Social Security Administration will happily forecast your future monthly retirement check. Trouble is, it’s often off the mark. Understanding the sometimes-flawed assumptions underlying the estimate can help you make smarter decisions about when to claim your benefit.
First, of course, you should know how to…
From: www.marketwatch.com
The “fattest state” in the country also sounds like a pretty great place to go out to pasture, if getting the biggest bang for your retirement buck is the priority.
According to BLS data cited by cost-estimating website HowMuch.net, Mississippi, at $617,661 in savings needed, is the most affordable state to…
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