retirement
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Secure 2.0 May Pass In Lame Duck
UNITED STATES – OCTOBER 31: Sen. Ron Wyden, D-Ore., participates in the Senate Democrats’ news … [+] conference to unveil a plan to protect and expand retirement savings on Tuesday, Oct. 31, 2017. (Photo By Bill Clark/CQ Roll Call) CQ-Roll Call, Inc via Getty Images Senate Finance Chair Ron Wyden (D, Oregon) expects the Secure […] More
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Why Retirees With Existing Mortgages Should Take A HECM Reverse Mortgage
Retirees should pay off their existing mortgage with a reverse mortgage getty About 60% of the homeowners reaching 62 today have outstanding mortgage balances, and most of them have limited financial assets. Such retirees, concerned (as most are) with having enough spendable funds during their retirement years, should take out a HECM reverse mortgage. This […] More
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Retirees Must Have These Four Key Components To Make A Winning Side Hustle
getty Congratulations, you’ve made the decision to start your own business. Well, maybe “business” sounds a little too formal. Perhaps it’s only a small retirement side hustle. This, in itself, can benefit you in more ways than you think. “Beyond financial rewards, there is a psychological benefit to having a venture to focus energy on,” […] More
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Facing Down The Retirement Passage
When the life compass points to retirement getty Assuming you and your job made it through the pandemic unscathed–or maybe only mildly touched–and you are now in your 60s or 70s, you might be starting to think about that life passage known as “retirement.” Retirement is more than an event; it’s a process. If you […] More
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Advice To Seniorpreneurs Seeking To Start A Retirement Side Hustle
getty You’re either about to retire, just recently retired, or have been retired for some time when it strikes you out of the blue. It could be prompted by any number of factors. You could be worried about inflation eating away at your hard-earned savings. It could be you’re bored. Or it could be you […] More
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IRS ups retirement savings caps but few reach them. Here’s how you can
IRS ups retirement savings caps but few reach them. Here’s how you can For You News Sports Entertainment Life Money Tech Travel Opinion The IRS is allowing people to add more to their retirement accounts next year to grow tax free. Most people don’t ever hit those limits, losing both tax benefits and earnings growth. […] More
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How to Save for Retirement Even When It’s Getting Harder
Almost no one has enough saved for retirement, so if you feel like you’re behind, you are not alone. The Center for Retirement Research at Boston College warned of a $7.1 trillion shortfall in retirement savings in the U.S. back in 2019. The lack of adequate retirement funds is significant and has been decades in […] More
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Resources For Retirees Looking To Start A Side Hustle
getty You’re retired. You’re no longer on the clock. You get to sleep in, spend time savoring your food and do just about anything you want to do any time you want to do it. Ah, time. You suddenly have loads of it. You probably have something similar to a laundry list of things to […] More
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7 Major Mistakes Made By Retirees Looking To Start A Side Hustle
getty You’ve got the time. You’ve got the desire. And you’ve got a few extra bucks to spend. Starting a business in retirement sounds like a piece of cake. Don’t be lulled into a false sense of security. There are many ways to trip yourself up. And the downside isn’t just a failed business; it’s […] More
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IRS Announces New Retirement Plan Contribution Limits For 2023
Time to celebrate and the IRS announces larger contributions limits for retirement plans in 2023! … [+] Celebrate the tax savings!!!! HOLLYWOOD, CALIFORNIA – FEBRUARY 24: Rami Malek sprays champagne , in Hollywood, California. (Photo by Kevork Djansezian/Getty Images) Getty Images Inflation is bringing some good news to retirement savers. At least for those looking […] More
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Does It Ever Make Sense To Borrow From Your 401(k)?
getty It’s just sitting there, growing slowly over the years, beckoning you. Do you have the discipline to shun this siren? Or has life thrown you a curve ball and left you no choice? “Taking a loan out of your 401(k) plan usually shouldn’t be viewed as the first option for financing; however, for some […] More
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Mixed Unemployment Report For Older Workers
Turner worker working on drill bit in a workshop Getty The White House announced yesterday that the United States is not in a recession now. And low unemployment numbers like those in today’s employment report show a strong economy, 261,000 jobs were added, tens of thousands more than expected. Expectations were high after Tuesday’s Job […] More
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