Every day in the United States, as reported by the U.S. Department of Health and Human Services, 10,000 individuals reach the age of 65. In the upcoming year, during what is termed “Peak 65,” this number is anticipated to surge to 12,000 daily, marking an unprecedented peak in the country’s 65-year-old population. A projected 20% … Read more
When I finished college, I moved to Arizona, a city I knew very little about. A year later, I moved again. A year later, my company moved me to Colorado. The point is that when life is quickly shifting, it makes sense to have flexible housing. The retirement downsize is one of those times. If … Read more
While IRAs and 401(k)s have long been stalwarts in retirement savings, an astute investor understands the value of diversification. Broadening your retirement savings beyond these methods can offer enhanced financial flexibility, potential growth, and risk management. Here are some noteworthy alternatives. #1 Health Savings Account (HSA)Purpose: An HSA is primarily an avenue to save for … Read more
For many, retirement isn’t just about putting up one’s feet and enjoying the sunset years. It’s also a period that requires meticulous financial planning to ensure comfort, security, and the freedom to enjoy those long-awaited adventures or simple pleasures. One of the strategies that has been a staple among retirement planners is including real estate … Read more
You earn money from your employment when you’re at work. However, it’s time to use your assets to make money once you retire. Transitioning to receiving income from a retirement portfolio can be challenging, potentially prompting some people to return to the workforce. But if you know how to use your current assets to generate money for you, you won’t need to return to the office.
No matter your age, owning rental property is a smart idea. However, owning real estate after retirement may be very advantageous since it can help you diversify your retirement income and boost your retirement savings.