How To Save For Retirement With Limited Resources

Sometimes the most difficult aspect of saving money is just getting started. This step-by-step approach can help you build a straightforward and achievable saving strategy to achieve all of your short- and long-term goals.

How To Establish If You Should Rent Or Own Your Home

Renting or owning a home has pros and cons; the decisions ultimately depend on where you see yourself during retirement. There is no right or wrong answer, your budget and plans matter. Here are some tips to determine which option might be a better fit for you.

The Truth About Cash And How Much You Should Carry

Is it necessary to carry cash nowadays, with digital payments so common? Cash is king, as the cliché goes, yet it appears to be becoming increasingly obsolete in today’s environment. Venmo allows friends to pay each other, delivery apps feature digital tipping choices, and even tiny stores increasingly take credit and debit cards.

Compelling Reasons For Owning Foreign Property In Retirement

Presently, there are seven compelling reasons to own a property abroad. The United States present investment climate is volatile. Positive third-quarter GDP numbers from the Bureau of Economic Analysis reflect a disappointing performance by the U.S. economy. The inflation rate is high, and the financial markets continue to be volatile. Everyone is concerned about a recession, and experts from Fannie Mae to Freddie Mac foresee economic downturns.

Medicare Is Unaffordable Even With The Increase In Social Security

Even increased Social Security will not be enough to cover future healthcare costs, according to a new report. These findings come despite the recent positive news that older persons would get an 8.7% boost in Social Security payments for the next year and a $5.20 reduction in monthly Medicare Part B costs.

How To Lower Taxes, Helpful Tips That Can Save You Money

The choices you make now and at the end of the year can significantly affect the taxes you have to pay next April. This is especially true for those who save for retirement, itemize deductions, or have investments outside of a retirement plan.

Here Is What’s Wrong With Pensions, And Why Crypto Is Better

There are a lot of things wrong with pensions, and the problems seem to be getting for American retirees. Perhaps the biggest problem is lack of transparency. The lack of transparency in our nation’s public pensions makes it easier to commit fraud than with cryptocurrencies.

You Need To Know That Your RMD Might Be Changing In 2023

For seniors or those nearing retirement concerned about mandated retirement account distributions, this entails familiarizing oneself with the six potential RMD amendments contained in the two bills. Check them out now, so you’re not taken off guard in 2022 if RMD reform is enacted. Both measures would make substantial modifications to RMDs.

Why I Bonds Are A Good Investment Right Now

This is undeniable: I Bonds purchased between May and October pay a six-month annualized yield of 9.62 percent. According to Treasury Retail Securities, to lock in this rate, you must acquire the bonds between now and October 28