If you have a retirement strategy tailored to your needs, then yes. You’d be in the minority if you did, but we have some suggestions for getting started on that strategy.
Author: Matt
Understand the impact of retirement age on Social Security and Medicare.
The ages between 62 and 70 matter, regarding Medicare and Social Security, all of these ages are crucial. These demographics are central to the heated argument about stabilizing large entitlement programs’ finances.
Retirement Home or Village? Everything you need to know
Retirement homes and retirement villages have become increasingly popular options for older adults looking for a change in their living situation. There are various reasons why people choose to retire to a retirement home or village, and these reasons can vary based on personal preferences, financial considerations, and health needs.
Retirement Planning: How to Balance Debt and Savings
It is common for Americans to struggle with debt while saving for retirement. According to various surveys and reports, many Americans have an obligation that they are trying to manage while also saving for retirement.
Retirement Relocation: Unlocking a Wealth of Benefits
One potential benefit of moving after retirement is the ability to sell an expensive home, buy a less costly one, and pocket the difference between the two. Besides, you never know if that course of action won’t be more lucrative than you first anticipated.
Learn how Divorce and Social Security can impact your retirement income.
Remarrying and other life changes can add layers of complexity to the process of determining Social Security spousal benefits. Let’s look at a few illustrations.
Unlock the Benefits of HSAs: A Retirement Account You Can’t Afford to Ignore
When discussing retirement accounts, the health savings account (HSA) is often overlooked in favor of the more common 401(k) and individual retirement account (IRA) options. Even though HSAs weren’t created with retirement in mind, they can still be essential to anyone’s overall financial strategy. The same is true for the elderly in particular.
Achieve Your Retirement Goals: It’s Not Too Late to Start Saving
There are a lot of folks who wish they could stop working sooner rather than later. However, it is common for workers to need to begin contributing to their savings at a relatively young age to make this a reality.
Annuities: What You Need to Know
Your annuity should be tailor-made to meet your requirements and ambitions. Asking the appropriate questions is all it takes to choose the best option for your future.
Maximizing Your Retirement Savings: 401(k) Contributions After Taxes
American workers now have more options for their retirement savings thanks to the 401(k)’s over the past few decades. Suppose you are fortunate enough to work for a company that offers options beyond the standard pre-tax contribution, such as after-tax 401(k) contributions. In that case, you should carefully consider how you maximize your financial security in retirement.
