After working hard for most of your life, it’s natural to feel entitled to great Social Security benefits. If you’ve done everything by the book during your working years there’s no reason you should expect any cuts, right? Sadly, that’s not always the case, and thousands of senior Americans are forced to deal with less …
10 Mistakes That Reduce Your Social Security Payments Read More »
There are many good things that come with good financial help such as peace of mind, a good credit score, and the possibility of getting better terms on loans in the future. Furthermore, it can lead people to plan ahead accordingly, especially when it comes to savings for things such as retirement or college tuition …
Baby boomers, now ages 55 to 73, are either retired or enjoying their last few years in the workforce before settling down. If you are part of this age group then you probably already have somewhat of a plan when it comes to your golden years, but financial advisors across the U.S. have found that …
9 401(k) Mistakes & Solutions All Boomers Should Be Aware Of Read More »
Silver Linings For some seniors, it might be difficult to pinpoint whether their expenses will go up or down during retirement. Job-related costs will likely be slashed but for most Americans, assisted living and health care will take their place. Dealing with this precarious balance on a lower, fixed income might seem difficult but not …
20 Essential Tax Breaks Every Senior Should Know About Read More »
Owning a home is seen as one of the greatest achievements of an adult’s life. It signifies stability while also increasing a person’s net worth, both are sought after by Americans across the U.S. Retirees, however, might benefit from saying goodbye to their homes in favor of renting. By doing so you’ll be relieving yourself …
7 Reasons Renting Fits Perfectly With Your Retirement Read More »
Many Americans look forward to retiring- no more work, enough free time to travel or spend with family, picking up old hobbies or even starting new ones! It’s a great and fulfilling part of life, but that doesn’t mean it doesn’t come with some difficulties, particularly in the financial department. The truth is that unless …
7 Essential Tips for Seniors in These Uncertain Times for Economy Read More »
Taxes greatly benefit our American society and without them we wouldn’t be able to maintain programs that are instrumental to our daily lives, not to mention maintaining our living habits. But how much should we really pay? Most soon to be retirees know there’s no way to really avoid taxes and that’s true, we have …
A challenging time for seniors COVID-19 has wreaked havoc, globally, for several months now. The first and foremost concern that is on everyone’s mind is in terms of healthcare. As the virus spreads, we’ve seen the devastating consequences it has left behind, targeting people of all age groups, with a much more harmful effect on …
13 Financial Aftermaths That Will Affect Seniors’ Budget Read More »
When it comes to retirement savings, you’re probably in one of two camps. Either your company still offers pensions- in which case congratulations are in order, as those are quite rare nowadays- or you’re relying on a 401(k). If the latter is true for you, then making the most out of your 410(k) account could …
Retirement super savers know that budgeting, saving, and investing are the bread and butter of ending up with a comfortable- and often times luxurious- nest egg! But once you reach your golden years making sure your finances stay on track is just as important. You need to know what to look out for in order …
17 Ways to Make Sure Your Retirement Stays on Track Read More »
After years and years of financial decisions, twisting and turning, you’re finally leaving the workforce and entering retirement. But it might not be the retirement you envisioned because, along the way, some of your financial decisions did more harm than good. To get a better sense of the financial decisions that can hurt your retirement …
5 Major Financial Decisions Most Retirees Wish They Could Change Read More »
Some seniors like to jokingly refer to retirement as the great unknown. That’s likely because though they might have plans for their golden years, it’s still difficult to speculate as to what will happen in the future. That doesn’t mean you shouldn’t prepare your nest egg, though! That’s why we thought it’s important to look …
30 Shocking Retirement Facts to Help You Prepare Your Nest Egg Read More »
Supersavers are people who often sacrifice early purchases and dream items in favour of meeting long term saving goals for their retirement. If you’re looking forward to a comfortable nest egg, then these are the people you should be looking up to and emulating. Certainly, there are things we can all learn from their tactics, …
For the percentage of seniors who wish to move during retirement, the community is a huge factor in their decision-making process. That’s because some feel it’s important to settle down in a city or neighbourhood bustling with people their own age. But figuring out the best place for your nest egg from this perspective might …
The question of when to claim Social Security benefits is on every senior’s mind. Should you do it late? Should you do it early? What’s on everyone else’s mind and what made them decide way ahead of time? First of all, let’s clear the air a little bit. Your benefits are based on your wage …
5 Pros & Cons for Claiming Social Security Early Read More »
