Retired in America

Your Guide to a Confident Retirement

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

13 Financial Miscalculations That Could Ruin Your Retirement

November 16, 2020 · Retirement Life

Setting and Forgetting Medicare Part D

Through Medicare Part D, seniors can afford much-needed drugs for their medical conditions. Many, however, pay more than they should be by leaving their plan on autopilot.

Between October and December, you’ll get the chance to review your plan and make adjustments suitable for your lifestyle and medical needs. You need to look at premium hikes and price changes which can happen very frequently. This is a great way to save money, so make sure to mark down the dates in your calendar!

Missing Tax Breaks on Home Sales

Understanding the IRS rules on tax breaks is essential if you’re planning on downsizing and want to save a huge chunk of money while doing it.

Here’s how it goes. If you’ve owned the home for two to five years prior to selling it then you can reap a tax-free profit of up to $500,000 for married couples and $250,000 for singles.

Before you list a house, make sure to check out other limitations and requirements, especially regarding tax filing status and timing.

Pages: 1 2 3 4 5 6 7

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Your email address will not be published.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

  • A senior woman looking thoughtfully at her phone in a bright, modern home office. 6 Social Security Scams You Need to Pay Attention to
  • A happy retired couple enjoying the sunset on a beautiful porch. 8 States to Retire For Less Than 45K a Year
  • A retired couple looking at a map on a sunny balcony overlooking a beautiful coastal town. 10 Countries to Retire Where $150K Is More Than Enough
  • A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work. 20 Great Part-Time Jobs For Retirees
  • A senior couple smiling while looking at a tablet in a bright, modern kitchen. 5 Crucial Medicare Changes Coming Soon
  • A senior couple happily unpacking groceries in a bright, modern kitchen. 9 Ways to Shop at Costco Without a Membership
  • A happy retired couple stands on the porch of a beautiful, sunny home, symbolizing an affordable and joyful retirement. 10 Best Places to Retire That Won't Break the Bank
  • An older man confidently using a laptop in a sunlit home office, symbolizing digital security. 7 Common Passwords To Avoid
  • A retired couple looking out a window in their bright, downsized modern home. 11 Mistakes to Avoid When Downsizing Your Home
  • A retired couple smiling on a balcony overlooking a scenic coastal village at sunset. 12 Best Countries to Live Perfectly Well on Social Security

Newsletter

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

Related Articles

A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work.

20 Great Part-Time Jobs For Retirees

Explore 20 great part-time jobs for retirees, from remote consulting to outdoor work, and learn…

Read More →

11 Seniors Worthy of Admiration

Let’s take a moment to sit and ponder: one in seven adults in America today…

Read More →

10 Ways To Make the Most Out of Life as a Retiree

Back to school Going back to school is a great opportunity for most retirees, even…

Read More →

6 Golden Rules to Generate Passive Income from Real Estate Investments

Diversification is just as important as location According to Scott Bennett, a real estate advisor…

Read More →

Best Multivitamins For Over 50s

Best Multivitamin for Women Over 50:  One A Day Women’s 50+ Healthy Advantage – The One…

Read More →
A retired couple reviews financial documents together in a bright, modern kitchen.

Watch Out for These 30 Things That Could Ruin Your Retirement

Discover the 30 critical financial, healthcare, and lifestyle mistakes that could ruin your retirement and…

Read More →

Mistakes That Can Sabotage Your Retirement

Sometimes, all it takes is one mistake to sabotage your retirement. In some cases, seniors…

Read More →

7 Most Important Non-Financial Assets for a Fulfilled Retirement

Education “When it comes to brain power, much like your muscles, the ‘use it or…

Read More →

12 Ways To Relieve Your Financial Anxiety

Picture worst-case scenario If you didn’t resonate with the previous advice, you could try another…

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
  • Disclaimer
  • Terms and Conditions
  • Privacy Policy
  • Subscribe
  • Unsubscribe
  • Contact Us

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.