Good News: Supplemental Security Income Payment Return to Normal

In November 2022, the Supplemental Security Income (SSI) payment schedule will return to the normal following two consecutive months of deviations. According to the Social Security Administration, SSI payments are usually made on the first of the month. If the first falls on a weekend, payments will be made on Friday before.

What Happens to Your Bitcoin After Death?

Without your private key, your digital wallet is inaccessible to your heirs. In any case, being prepared ensures that your assets will be available when they need them.

Retirement Plan and Required Minimum Distributions: How to Calculate?

No matter how far or close you are to retirement, you probably understand the importance of saving for the future. Something we don’t talk about as much is withdrawing your money when you reach retirement age.
You may already be aware that you must wait until a certain age (59.5) before withdrawing funds from retirement accounts penalty-free.
However, read on more to be informed on what the penalties are if you do not withdraw enough money after age of 72.

How will 2024 Midterm Elections affect Retirement?

The midterm elections of 2022 were among the most controversial in recent memory, with voters weighing in on crucial economic topics like inflation and taxes. While rising prices catch the attention of many voters, the upcoming Election could result in significant changes for retirees and those nearing retirement, given that the Republicans have pledged to cut Social Security and Medicare.

And would Democrats, as they did in 2021, attempt to amend Roth IRA restrictions and estate taxes? These two main concerns and others could appear on the forthcoming legislative agenda when the new term begins, mainly if there is a shift in the congressional power structure.

Here is what individuals planning for retirement must focus on and how they can better secure their future.

Tax Deadline Approaching, How Much Money Do You Owe?

Taxes might significantly reduce your retirement income. The greater your retirement income, the greater your tax liability, and this causes a greater proportion of your hard-earned money to be utilized to pay taxes. Continue reading to see how different types of retirement income are taxed.

Passive Income Can Generate Wealth For You In Retirement

Imagine earning money just by sitting back and doing nothing. Thousands of people do it every day, believe it or not. Passive income investment is the notion that allows people like you to accumulate wealth without having to lift a finger.

3 Must Take Steps to A Secure Retirement

Everyone wants to enjoy our elderly years; we all yearn for a retirement free of worry. However, getting there requires extensive planning. And it is essential to begin early.

Here are the fundamental processes involved in retirement planning.

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.

3 Ways The SECURE 2.0 Will Help Your Retirement

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.