What are retiree loans & should I get one?
You might assume that once you’re retired, you can’t take out a loan — for a home renovation, a new car, or an emergency — because you no longer bring in a regular salary. […]
Inherited a 401(k)? Here’s how to minimize taxes
Inheriting a 401(k) can add a wrinkle to your financial plan from a tax perspective. Under 401(k) inheritance tax rules, any assets passed on from one person to another are taxable. The rules for […]
How to afford senior housing & elder care
The demand for an affordable senior living option is high. According to the Joint Center for Housing Studies of Harvard University, the biggest expense of seniors is the costs associated with housing. This includes a mortgage […]
Can you retire at 55? Let’s run the numbers
Can I retire at 55? It’s a question you might be asking yourself if you’re hoping to make an early exit from the workforce. While normal retirement age for most people usually means 65 or older, […]
Boomers may want to steal these 3 money tips from Gen Z
In a recent MoneyGeek survey, 40% of Gen Z respondents, those born between 1997 and 2021, said their biggest financial goals for 2022 are paying down debt, using a budget to spend less and becoming […]
The real differences between traditional & Roth IRAs
When saving for retirement, you’ll typically have two choices for how you’ll fund your IRA. With a traditional IRA, you’ll contribute pre-tax dollars that will grow inside the account tax-free and be taxed when the money is […]
This is how much you should be saving for retirement
How much you need to save for retirement depends on where you live and your individual situation. You’ll often hear the benchmark of $1 million as the standard retirement savings goal. This is a good […]
40 scary facts about retirement
The traditional path to retirement was to put away a certain amount of personal savings, build a retirement fund — often with the help of an employer — and transition smoothly into the golden years […]
Boomers: Here’s where you can find the best travel discounts
Are you a senior citizen or a retired person looking for travel discounts? If so, you’ve come to the right place. In this post, we’ll share some great tips on how to get deals on […]
9 ways to make sure you’re really ready for retirement
Preparing for retirement is such an essential endeavor for anyone. In America, only 50% of people calculate how much money they should save for retirement, while in 2020 only a quarter of all workers in […]