Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

13 Financial Aftermaths That Will Affect Seniors’ Budget

May 12, 2020 · Personal finance

5. Beneficiaries with higher earnings won’t get stimulus money

High earners might not receive a stimulus check at all, or they might receive a highly reduced one.

If you’re already claiming benefits and withdrawing money from other savings accounts then you might not fall into the category of people who are set to receive the $1,200. On top of that, if you have other sources of income, those too will drastically decrease your chances.

If you’re married and filing jointly and your adjusted gross income was over $150,000 or if you’re single with $75,000, every $100 over these thresholds will decrease your stimulus check by $5.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • Senior woman working on a laptop resting on a lap desk while seated comfortably in an armchair with an ottoman. 11 Side Gigs Perfect for Retirees With Mobility Limitations
  • A woman sits at a wooden table reviewing financial documents and account statements beside a window and bookshelf. 9 Things to Do With Inherited Retirement Accounts
  • Senior couple in a sunlit living room with large windows, one looking outside and one browsing a wooden bookshelf. 8 Reasons Retirees Are Choosing Co-Ops Over Condos
  • A smiling senior vendor weighing produce on a hanging scale for a customer at a sunny outdoor farmers market. 7 Part-Time Jobs at Farmers Markets and Local Fairs for Seniors
  • Mature man reviews Social Security paperwork and a US passport at an outdoor table overlooking a coastal European city. 7 Social Security Rules for People Who Worked Overseas
  • An older woman talks with an adult woman across a sunlit wooden table set with tea and a notepad. 10 Things Retirees Wish Their Kids Knew About Their Finances
  • A senior couple with luggage stands on an outdoor train platform, checking a travel brochure beside a passenger train. 12 Places Where Retirees Can Afford Both Rent and Travel
  • Mature woman sitting thoughtfully at a wooden table with financial papers, an open planner, glasses, and a steaming mug. 7 Retirement Account Rules That Changed Recently
  • Senior couple walking arm in arm along a brick sidewalk past a bakery, bookstore, and cafe table with coffee. 11 Signs You've Chosen the Right Retirement Town
  • Older couple reviewing tax returns and moving paperwork at a table with cardboard boxes stacked behind them. 7 Tax Surprises for Retirees Who Move Across State Lines

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

An older man at a wooden kitchen table reviews a long pharmacy receipt next to a prescription bottle in warm morning light.

8 Signs Your Medicare Plan’s Drug Formulary Has Changed

Discover the 8 critical signs your Medicare drug formulary has changed, how to spot unexpected…

Read More →

13 Behaviors of Early Retired Millionaires That Made Them Rich

5. They bank their raises The ‘hiding money from yourself’ approach has helped tens of…

Read More →

Downsizing Your Home? Stay Away From These 8 Crucial Mistakes

Avoid these 8 crucial mistakes when downsizing your home in retirement, from hidden moving costs…

Read More →

25 Most Important Things About Your Social Security

5. Your benefits will be reduced if you claim them early Claiming benefits before your…

Read More →

7 Tips for Healthier Financial Decisions

5. Paying bills on time The biggest factor in your credit score is payment history,…

Read More →

11 Social Security Mistakes You Have To Avoid Before You Retire

The Mistake: Not Coordinating Benefits With Your Spouse Spouses that work on their Social Security…

Read More →

11 Things Retirees Should Buy ONLY at Costco (And Why)

Gift cards – If you’re looking for a gift card for your grandkids, you should check…

Read More →

Are You in Your 50s? Watch Out for These Common Financial Mistakes for Your Age Group

Not Taking Advantage of Catch-Up Contributions Once you reach the age of 50, it’s important…

Read More →

7 Retirement Financial Mistakes to Avoid

Forgetting about Taxes Something we often don’t take into account is that all these retirement…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.