You just retired, ready to enjoy life after years of hard work, and now you have noticed your retirement plan income will being taxed. Retired people can extend life of their savings, however, by moving to a place where taxes are lower. The less taxes one pays, the better, especially if one has to live […]
Are you due to gain an inheritance anytime soon? Maybe you should not start celebrating or counting that inheritance money before it is in your hands. While gaining an inheritance may sound like the answer to all of your problems, it may be the start of a lot of legal, bureaucratic, and emotional turmoil. Inheritances […]
Your credit score is among the most significant parameters to determine your financial health. The higher your credit score, the easier it gets to receive approvals for new lines of credit and new loans. On the other hand, bad credit locks you out of competitive deals on loans and mortgages. If you have taken a […]
In the realm of financial decisions, few choices hold as much weight and significance as buying a home. While opinions may differ on the ideal timing or location, there is a prevailing sentiment that investing in a home can be a fruitful endeavor. This post explores the reasons why purchasing a home is often considered […]
There is no way around it, we live in a status-driven society. Whether that is owning the newest Gucci purse or buying a shiny new car, people judge other people by what they own or don’t own. Personally, I hate it because it causes so many people to make poor financial decisions in life, only […]
We live in a fast-paced world. This motivates many people to automate menial tasks, including investing. That may work for a while, which gives you a false sense of security. This false sense then may entice you to commit more capital than you should. If it works for $100 trades, it should work for $1,000 […]
As many as 9,224 widows and widowers aged 70 and up have been underpaid beneficiary benefits for years — at a cost to them of nearly $132 million in lost benefits, according to new report. The report from the Inspector General of the Social Security Administration (SSA) raises concern that many retirees fail to understand […]
So, when one thinks of a place to live out retirement, what state comes to mind? Florida. The state of Florida is the common answer to living out retirement if popular culture, or real-life surveyed preferences, are to be believed. In fact, most people choose Florida as their preferred place to retire out of all […]
The retirement plans we consider a part of conventional wisdom were perfected during the times of our grandparents and their parents. They lived in a much different world. Social Security is no longer enough these days for most retirees. And by the time you actually reach your retirement age, the world is going to be […]
What’s the best age to start taking Social Security? This is a very good question! You have the option to take retirement benefits as early as age 62. However, s0-called “full” retirement benefits are payable at age 67. And, if you or delay collecting your retirement benefit until age 70, it will be for a […]
