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.
Category: Retirement
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.
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
Is Your Portfolio a Retirement Tax Bomb?
A word of caution to high earners and supersavers: Your gigantic 401(k) or conventional IRA, which you worked so hard to accumulate, might become a significant problem in retirement, resulting in enormous tax payments and Medicare surcharges.
Here Is What To Know About The Effect Of The COLA Increase On The Snap Program
Certain restrictions, including household income limitations, must be satisfied to be eligible for the program. Because the cost-of-living adjustment (COLA) would increase the amount of money given out by Social Security each month to account for inflation, many are still determining if they will be able to continue receiving SNAP benefits after the COLA is implemented.
