Studies have shown that tax liens can offer attractive returns, with interest rates that often exceed those of traditional fixed-income investments. For example, a 2019 study by the Tax Lien Lady found that tax lien returns in the United States ranged from 8% to 36%, with an average return of around 12%.
Are you tired of the mundane life of retirement? Do you want to escape the monotony of playing bingo every day? Then, retiring to a cruise ship may just be the solution you’re looking for!
The start of a new year is an excellent opportunity to take stock of our lives and resolve to make positive changes. Despite our best intentions, we’ll likely all be back at work, back at the office, back at the gym, back at the gym.
No matter how healthy you are, it would be best to plan for higher healthcare bills once you retire. All payments made to a medical professional, facility, or insurance company, such as premiums, deductibles, copayments, and coinsurance, are included.
The new retirement rules included in the legislation passed by President Biden in December include a few adjustments to necessary withdrawals from retirement accounts that are sure to be well received by the elderly with significant disposable income.
If you’re worried about whether your retirement assets will endure, consider that life expectancy may be a more significant factor than even historically high inflation.
Even though retirement is one of the most significant life changes, a 2022 survey found that 71 percent of baby boomers were concerned about their ability to save enough for it. Similarly, as an adult child, you may wonder about your parent’s ability to adjust to retirement.
It’s tempting to put off retirement savings until later in life, especially when you’re in your 30s, but you should keep this goal in mind at all costs. You’ll need to control your spending to maintain a healthy savings rate.
Like a jigsaw puzzle, the U.S. retirement system consists of a wide variety of parts that come together to form a complex, if not always cohesive, whole. Fixed-benefit pension plans are becoming increasingly rare among modern employers. It’s also true that Social Security has its flaws because it was never meant to be a retiree’s only source of money in their golden years.
Retirement plans featuring in-plan annuity investments are likely to gain traction following the passage of a landmark spending law, providing workplace savers with lifetime income options and fostering closer ties with insurance providers that regulators had previously kept at bay.