There is no simple answer to the question ‘how much money do I need to retire?’ It depends on many factors, including at what age you plan to retire, your lifestyle, current and future spending habits, types of assets in your portfolio, and much more. While it is difficult to assign a dollar amount that …
Getting older has its nuisances as your health starts to decline, eyesight and hearing can deteriorate, you start having aches and pains in unexpected body parts. However, it does have its perks. Some of those benefits are in the form of tax breaks that come as you get older. Seniors have a larger tax deduction …
When it comes to getting ready for retirement, the focus is typically on setting aside enough money and investing wisely so you have enough to not only retire but also thrive. But what many people don’t realize is that you need more than just an impressive nest egg and a solid investment plan to thrive …
Do You Know What You Plan on Paying Yourself in Retirement? Read More »
Social Security benefits are available to most people who work in the United States. Social Security retirement, disability and dependents benefits are available to workers who have paid into the system — but only if you’re disabled, retired or caring for a child or other dependent. If you’re employed, you may be able to receive …