With its year-round sunshine, stunning beaches, and relatively cheap taxes, Florida has long been a popular choice for retirees. However, an increasing number of Americans are opting to spend their golden years in its neighbor to the northwest. According to the Wall Street Journal, last year, John Fox and Louise Turkula of Minnesota purchased a … Read more
Retirees living on fixed income streams face challenges when it comes to holiday spending, especially as the cost of food, retail goods, and other items continues to rise. However, with careful budgeting and financial planning, retirees can still enjoy a meaningful holiday without breaking the bank. To navigate the expenses that come with gift-giving and … 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
Retired individuals often seek opportunities to stay active and supplement their fixed income. If you’re considering working during retirement, I’ve got you covered. In this guide, I’ll walk you through nine of the best part-time jobs for retirees that offer income and flexibility. Plus, I’ll provide tips on creating a retirement plan with a financial … Read more
We all have dreams of what our retirement will look like. It could be sipping cocktails on a beach, indulging in gourmet meals, or traveling the world. However, it’s essential to be aware of the less glamorous, often underestimated expenses that can creep up during this phase. Let’s dive into some of these costs and … Read more
As inflation trends stabilize, predictions indicate that the rise in Social Security benefits in 2024 might not be as significant as the previous year. Current forecasts by the Senior Citizens League, a nonpartisan advocacy group, suggest a potential cost of living adjustment (COLA) of around 3%. This starkly contrasts the 8.7% increase witnessed in 2024, … Read more
According to a recent Age Wave and Edward Jones survey, most retirees experience unexpected events after retiring. The survey reveals that 69% of men and 81% of women encounter such events. Retirees consider preparation, adaptability, and flexibility as essential qualities for a successful and sustained retirement. In fact, 93% of them believe that these traits … Read more
As retirees, it’s vital to consider the legacy you wish to leave behind. Estate planning plays a pivotal role in preserving your hard-earned wealth and ensuring a seamless transition of your assets after you’re gone. It provides peace of mind and eliminates potential legal complexities that could burden your heirs. Estate Planning: The Keystone of … Read more
This article explores the financial implications of downsizing and leasing out the old house versus selling and buying a new one for retirees. Weigh the pros and cons to make the best decision for your golden years.
Discover the benefits of hiring a property manager for retirees with rental properties, including time-saving, stress reduction, maximized profits, legal support, and more.