If you spend much time around ordinary working people (as opposed to the uber wealthy) you’ll have noticed that everyone’s talking about pushing their retirement date back. Inflation is high, wages are stagnant, and depending on where you live, taxes may be going in the wrong direction. It’s easy to assume this means retirement is […]
Looking for a top beach town in California where you can live, vacation, or retire? Discover the best West Coast destinations to visit this year. California is one of the most popular places in the country. Hundreds of millions of visitors flock here every year, eager to experience the beautiful weather, stunning landscapes, easy-going culture, […]
Are you a senior looking for a part-time job? Learn the best jobs for retirees to make money and feel fulfilled throughout your golden years. For casual observers, the notion of “jobs for retirees” probably sounds oxymoronic. After all, isn’t retirement when you quit working once and for all? When you step back from the […]
Is a woman in your life retiring? Whether it’s your wife, mother, sister, or aunt, this major milestone deserves to be recognized and celebrated. Years of hard work have come and gone, her proverbial hat’s soon to be hung up, and she’s readying herself for a whole new chapter of life. It’s a significant moment […]
Is a man in your life retiring? Whether it’s your husband, father, brother, or uncle, this major milestone deserves to be recognized and celebrated. And – guess what – buying him a thoughtful gift is the perfect way to do it! Whether it’s practical, luxurious, or sentimental in nature, giving him something he’ll appreciate will […]
The RMD rule changes included in the SECURE Act 2.0 are mostly welcome news to retirees, especially those who succeeded in building up large balances in their tax-deferred accounts. Heading into 2023, President Biden signed into law a bi-partisan $1.7 trillion omnibus budget bill. Tucked into that massive law is the so-called “Setting Every Community […]
A Charitable Remainder Trust (CRT) is a tax-exempt irrevocable trust where gifts of cash or other property can go to reduce the taxable income of the donor. The CRT then issues an income stream to the donor from the trust for a certain number of years or their life. The named charities receive the “remainder” […]
Your lifetime income projection estimates how much you can likely receive by converting your 401k plan savings to a stream of monthly checks. The SECURE Act offers useful information, but only if you can understand it. If you’re an American worker who hasn’t been living under a rock since you started earning a paycheck, you […]
Whether you are planning for early retirement or traditional retirement in your late 50s or 60s, you will need to answer two critical questions: How Much Money Do I Need to Retire? The critical question that will determine how much you need to retire is how much you’ll plan on spending in retirement. Most people […]