Money

How to Create a Retirement Budget That Works

Ah, retirement is when you finally get to enjoy all those hobbies you never had time for and take long, leisurely vacations without worrying about returning to work. But wait, before you start planning your dream retirement, have you thought about how you will pay for it? That’s right; the golden years can quickly turn into the “uh-oh” years if you don’t have a solid plan in place.

How To Maximizing The Value In Your Home For Retirement

If you fall short of creating a nest egg, you might be astonished at how your house might aid you. Most people frequently hear how crucial it is to save a sizeable nest egg for retirement. Social Security payments would replace around 40% of your pre-retirement salary if you were a median worker. Yet many seniors require far more than that amount to live comfortably.

Retirement Savings Reveal a Gap Between Men and Women

When it comes to retirement savings, studies have shown that there are differences in the amounts saved between men and women. In general, men tend to save more than women for retirement. The reasons for this discrepancy are complex and multifaceted, and various social, economic, and psychological factors influence them.

Don’t Expect Too Much Out Of The  2024 COLA

If the current trend in inflation rates continues, the Social Security cost-of-living adjustment for 2024 might be far below 3%. Depending on what transpires in the third quarter, there is a good probability that no COLA will be awarded to recipients in 2024.

Here Is How To Protect Yourself And Your Retirement Funds.

Fraudsters often target retirees for various reasons, such as vulnerability, isolation, and lack of technical knowledge. Fraudsters can use different tactics to scam retirees, including phishing scams, fake investment schemes, identity theft, and more.