Category: Retirement Tips

Retirement News from varies Personal Finance media, we summarize all Retirement news into a sitemap summary with link to related Retirement News for the one who wanted to know updated Retirement information in timely manner.

Seeking reassurance: How the restaurant industry can recover

As the coronavirus pandemic rages, our Facebook timelines got filled with farewell posts from beloved small restaurants. Many netizens mourned their loss, especially those hole-in-the-wall establishments in or near universities or office buildings. “Made so many memories here, you will be missed,” one netizen wrote, voicing sadness for the closure of a famous eatery on Katipunan Avenue that many students flocked to. As the pandemic continues to affect...

The Moneyist: ‘This is sheer economic waste’: Our $1,200 stimulus ‘gift cards’ should have g …

Dear Moneyist, My husband is 82 years old. I am 83. We are retired. We are neither Democrats nor Republicans. Last year, about midsummer, we both received $1,200 stimulus payments. They were not in the form of checks, but rather they were in the form of gift cards to buy “stuff.” We have been retired since 2003. We planned our retirement during all of our working years. We...

Everything’s Fine, There’s Absolutely Nothing To See Here

Authored by Simon Black via SovereignMan.com,In the darkest corners of our human instincts lies a psychological phenomenon that is the result of millions of years of evolutionary biology.It’s called “tonic immobility”. And it refers to a form of paralysis that occurs when we’re terrified and facing extreme mental or emotional trauma.Tonic immobility is common in nature. Animals in the wild will often freeze in place when confronted by...

The Moneyist: I’m considering proposing to my girlfriend, but unsure how to divide my estate betwe …

Dear Moneyist, I’m considering proposing to a long-time girlfriend, but unsure how to handle division of assets down the road. I have been married previously and have a high-school aged child. She has no kids, and there are no plans for any in the future. I have fairly sizable assets within my retirement savings, brokerage accounts and a paid-off home. The kicker is that there’s a good chance...

Ask Larry: If I File Early, Will My WIfe’s Social Security Spousal Benefit Also Be Reduced?

Economic Security Planning, Inc. Today's column addresses questions about potential effects of filing for early retirement benefits on a spouse's benefit, when reductions for filing early can and cannot be lifted and retirement benefit estimates on SSA's website. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets Maximize My Social Security and MaxiFi Planner. See...

Quick Action Required – New Stimulus For Small Business

The latest round of stimulus has offered help to individuals, but includes some desperately needed, ... [+] and hopefully, very helpful stimulus aimed at small businesses. getty The Consolidated Appropriations Act (CAA) gave us some last-minute fiscal relief, notably $600 stimulus checks for individuals and provisions for some hard-hit areas aimed at mitigating the continuing economic impact of the Covid-19 pandemic. Small businesses saw more stimulus in a...

3 Tax Numbers Employees Need To Know In 2021

Don't get surprised! Know the annually adjusted tax numbers in 2021 that affect you. getty January can be a hectic month, but don’t forget basic tax planning for 2021. At the start of each year, key numbers in many tax-law provisions are adjusted for inflation. Many of the adjustments are important for employees, their paychecks, and their basic tax planning for 2021. While the IRS and Social Security...

How To Beat The Three Greatest Retirement Risks

getty There are three risks that are most likely to derail retirement plans. The risks are real and substantial, almost regardless of an individual’s net worth. Fortunately, the potential damage from the risks can be reduced. Longevity risk is talked about a lot by economists and financial advisors but not by many retirees and pre-retirees. While there are a lot of benefits to living a long time, longevity...

1 Social Security Change You Need to Know About If You’re Turning 62 in 2021

Social Security plays a major role in the retirement finances of tens of millions of Americans. Roughly 90% of people 65 and over are already collecting benefits through the program, and for 50% of married couples and 70% of single retirees, those checks provide at least half of their retirement income. Americans are eligible to start claiming benefits as soon as they turn 62. But if your 62nd...

How Would A Minimum Wage Hike Affect Older Americans? And Will The ‘Experts’ Get It Right?

getty The $15 minimum wage, on the agenda of activists for upwards of a decade and now a part of President-Elect Biden’s covid-relief plan, is, depending on who you listen to, either a boon to workers or the source of substantial lost jobs. After all, a CBO analysis from 2019 concluded that both effects would occur: 1.3 million fewer people in poverty paired with 1.3 million fewer workers...

48% of Older Households Are Making This Dangerous Social Security Mistake

It's no secret that Social Security is a major income source for many retirees today, but some older Americans are relying too heavily on those benefits. In fact, 48% of households aged 55 and over have no retirement savings or pension outside of Social Security, reports the Senior Citizens League. Nearly half of seniors today risk falling behind on their bills and struggling to make ends meet. Why...

5 Common Myths About Life Insurance Needs

Life insurance policy on a table. getty Do you have enough life insurance to provide for your family if something were to happen to you? This is a question I often receive and unfortunately, many people have no idea. After all, death and pushy life insurance agents are two things most people would probably rather not deal with. It's an important question though. If you don't have enough, you...
Close
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Site Language


Categories

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close