Financial Planning Advice for Seniors
Article Excerpt: "...following are pieces of financial advice that seniors should take into consideration as they plan their budgets. ..."
Resource: www.actsretirement.org
Wednesday, January 24, 2024
Financial Planning Advice for Seniors
Resource: www.actsretirement.org
Saving Money After Retirement: How to Save When You Retire
Saving Money After Retirement: How to Save When You Retire
Article Excerpt: "...The short answer is yes. You can absolutely maintain your lifestyle and save money while you're retired. Not only that, but you can thrive in retirement – traveling the world, exploring new hobbies, and doing pretty much whatever you want. ...Post retirement, you’re likely interested in various ways you can save money. Sure, you may have put money away in your retirement fund, and you receive social security, but it doesn’t mean your days of saving are over. ..."
Resource: www.actsretirement.org
Retirees Spend Nearly $5,000 a Month — Here’s Where Their Income Goes and How To Plan Accordingly
Retirees Spend Nearly $5,000 a Month — Here’s Where Their Income Goes and How To Plan Accordingly
Article Excerpt: "You might expect your expenses to decrease with retirement and, according to statistics from the Department of Labor, that’s true. The average American age 65 and up spends just $57,818 each year. ...Americans ages 65 and up earn just $60,359 before taxes, which means they spend a roughly 95% of their income. ...75% according to the report — goes to four expenses. What are they? And how can you work to reduce these costs so your retirement income lasts longer?"
Resource: yahoo.com
Think you'll work past 70? Good luck. Why most of us retire earlier.
Think you'll work past 70? Good luck. Why most of us retire earlier.
Article Excerpt: "...The average American retires not at 80, or 70, or even 65, but at 62. That statistic comes from two different annual surveys of working and retired Americans, one from the Employee Benefit Research Institute (EBRI), and the other from the Transamerica Center for Retirement Studies. ..."
Resource: www.usatoday.com
Sunday, January 21, 2024
Reddit is a great source of information relating to 'retirement'
Reddit is a great source of information relating to 'retirement'
Article Excerpt: "Dive Into Anything. Reddit is home to thousands of communities, endless conversation, and authentic human connection. Whether you're into breaking news, sports, retirement information, TV fan theories, or a never-ending stream of the internet's cutest animals, there's a community on Reddit for you. ..."
Resource: www.reddit.com
5 Gen Xers share what it’s really like to plan for retirement
5 Gen Xers share what it’s really like to plan for retirement
Article Excerpt: "Here’s how five Gen Xers are thinking about and planning for retirement. ...first learned of the power of compound interest when she was 20 years old and starting her career ...“I was like, wow, that’s pretty cool,” Young tells Fortune. From then on, she made contributed to her employer’s 403(b)—a tax-advantaged retirement account similar to a 401(k)"
Resource: fortune.com
Thursday, January 18, 2024
Federal Government Flagged Transactions Using Terms like "BIBLE" and "TRUMP" for Financial Institutions
Federal Government Flagged Transactions Using Terms like "MAGA" and "TRUMP" for Financial Institutions
Article Excerpt: "... New documents obtained by the Select Subcommittee on the Weaponization of the Federal Government reveal that the federal government flagged terms like "MAGA" and "TRUMP" for financial institutions if Americans used those phrases when completing transactions. Individuals who shopped at stores like Cabela's or Dick's Sporting Goods, or purchased religious texts like a bible, may also have had their transactions flagged. This kind of pervasive financial surveillance, carried out in coordination with and at the request of federal law enforcement, into Americans' private transactions is alarming and raises serious concerns about the FBI's respect for fundamental civil liberties.
In light of these revelations, Chairman Jim Jordan (R-OH) has requested transcribed interviews from Peter Sullivan, Senior Private Sector Partner for Outreach in the Strategic Partner Engagement Section of the FBI, and Noah Bishoff, former Director of the Office of Stakeholder Integration and Engagement in the Strategic Operations Division of the Financial Crimes Enforcement Network (FinCEN). ..."
Resource: judiciary.house.gov
Monday, January 15, 2024
Why does it seem Biden is trying to bankrupt and starve-out seniors?
Egg prices increased 70% over the last year—here’s why
Article Excerpt: "...for example, the retail price for a dozen large eggs is currently $7.37, up from $2.35 a year ago, according a U.S. Department of Agriculture report released last week. “I know what it takes to make eggs and I’m not making very much money,” says Sam Miller, owner of Cedar Ridge Egg Farm, which has about 25,000 chickens. “I’m making enough to stay in business.” Due to the rising cost of producing eggs, Miller raised the price for a case of five dozen eggs from $45 to as high as $60...."
Resource: www.cnbc.com
Bidenomics | Renters are being hit harder by inflation than homeowners are
Renters are being hit harder by inflation than homeowners are
Article Excerpt: "... Renters and homeowners experience inflation differently; and right now, renters are taking a much more painful hit.
Consumer Price Index data released Thursday showed that inflation was at 3.4% in December. It was the highest level since September and a jump from November’s 3.1% reading.
“The December inflation report provides a stark reminder that getting inflation down those last couple of percentage points is not going to be easy..."
Resource: www.cnn.com
Joe Isn't Listening | Seniors on Social Security Beg Biden For Help as They Struggle to Survive
Wealth Gap Widening: 47 Million Older American Households Facing Financial Risks
Article Excerpt: "...The analysis of 2018 data previously found that 80%—or 47 million households with older adults—are financially struggling today or are at risk of falling into economic insecurity as they age. ..."
Resource: www.ncoa.org
Saturday, January 6, 2024
1099-R | When will i get my 2023 1099-R from OPM to file my taxes?
1099-R | When will i get my 2023 1099-R from OPM to file my taxes?
Resource: www.opm.gov
Thursday, January 4, 2024
Here's the Average Social Security Benefit for Retirees Right Now (and What It Could Be in 2030)
Here's the Average Social Security Benefit for Retirees Right Now (and What It Could Be in 2030)
Article Excerpt: "...The average Social Security benefit for retired workers was $1,844.76 in November 2023. ..."
Resource: www.fool.com
Subscribe to:
Posts (Atom)