Retirement Plan

Want More Money and Benefits  from Uncle Sam  and Medicare

Marriage is made in heaven but lived on earth. Uncle Sam doesn’t make the latter any easier as you age. Social Security benefits began to be taxed in 1983. According to Kaplan, the taxation system is so bizarre that married couples with the same finances pay higher taxes than unmarried couples. There are two thresholds at which Social Security taxes kick in, with the applicable threshold being less than twice that of the threshold for an unmarried couple.
According to a new Washington University Law Review article, Federal Law punishes older couples who marry or stay married. If you encounter someone and fall in love during your golden years, you might be better off staying unmarried than getting married. Under current federal law, you and your long-term partner might be able to salvage your struggling finances by divorcing after 60 years of marriage.

What You Need to Know About Asset Allocation

Asset allocation aims to diversify your retirement account across stocks, bonds, and cash. When managing your allocation, your age is a prime consideration because the older you are, the less investment risk you can afford. In retirement, your risk tolerance decreases dramatically, and you cannot afford wild market swings.

Follow these five best practices for managing asset allocation to increase wealth and achieve retirement goals.

Investing in bonds for retirement: Know the risks

If you ask the average investor where they should allocate their assets when approaching retirement, they might say bonds. This is not necessarily the best advice. In retirement or nearing retirement, many investors use retirement bonds. It is important to align your asset allocation in retirement with your individual objectives, even if bonds are part of your portfolio.

Is Retirement a Thing of the Past

‘Retirement ideals’ have been changing for years, and the unretirement of older people is changing the shape of this life stage.

Adding Real Estate to Your Retirement Plans

Consider investing in real estate as a way to diversify your retirement savings. Property investments have advantages and disadvantages, along with different options to consider.
A retirement plan that includes real estate might include:

Retirement Rentals Can Be a Practical Solution

Having an affordable apartment in an affordable city can help you keep your retirement costs down and assist you with home maintenance. Most apartments are in walkable neighborhoods close to stores, restaurants, services, and entertainment. Renting can also be a great way to test out a potential retirement spot and move on if it doesn’t meet your needs. Although rental rates are rising nationwide, some desirable retirement locations offer affordable apartments. Listed below are the places that earned high rankings in the U.S. News Best Places to Retire 2022 list, where the median rent is less than $900.

How To Buy A Dream Retirement Home: 10 Tips For Success

No matter where you plan to retire, whether, in Costa Rica, Arizona, or Colorado, you’ll need a plan. Many retirees buy what they think is their dream home, only to discover that it doesn’t fit their new lifestyle. To make buying a home after retirement feel like a dream, follow these ten steps:

Retired and Bored

Retired? Don’t know what to do? Bored retirees will be relieved to know there are many options available. Here are some ideas to help you figure out what to do after you retire