The U.S. House of Representatives recently enacted SECURE 2.0, a new retirement measure intended to expand upon the SECURE Act of 2019. SECURE 2.0 is designed to simplify the retirement process, and three significant enhancements might help your savings go further.
What Will Become Of Social Security And Medicare?
As the two most extensive non-emergency spending programs in the federal budget, the two programs are the foundation of retirement security for nearly all American workers; it makes perfect sense to discuss Social Security and Medicare during election season – especially considering that both programs face significant financial challenges as our population ages.
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.
How To Keep Your Retirement Healthy During High Inflation
Do you have questions on how to battle inflation? Does it keep you up at night? Do you get a fixed income? Are you earning less money, and everything has become more expensive? You are not alone in thinking these things.
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.
