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Tag: retirement

Retirement Age Increase or Higher Taxes? What You Need to Know About The Reform of Social Security

Posted on March 30, 2023March 30, 2023 by Matt

French workers are flocking to the streets to protest President Emmanuel Macron’s pension reforms, which include an increase from 62 to 64 years old for the country mandatory retirement age. There were protests last week with over a million people in attendance, waste has piled up since trash collectors are on strike, and public transportation has been severely impacted.

Creating A Retirement Bucket List: 10 Must-Do Activities In Your Golden

Posted on March 28, 2023March 28, 2023 by DT

Retirement is an exciting time for many individuals. It’s a time to explore new hobbies, travel, and spend quality time with loved ones. Creating a retirement bucket list can be a fun and inspiring way to ensure you make the most of your golden years.

Don’t Let Taxes Ruin Your Retirement – 5 Surprises to Avoid

Posted on March 26, 2023March 26, 2023 by Matt

Many taxpayers’ primary financial aim is to have enough money for a decent retirement. It’s also an elusive goal to accomplish. Bloomberg reports that fewer than one-third of working Americans are confident they will have enough money saved to retire comfortably.

Retirement Relocation: What’s the Best Option?

Posted on March 23, 2023March 23, 2023 by Matt

You’ve finally reached your destination after 40 years of sitting in traffic and clocking in and out. Your house may have been ideal for starting a family and making a living, but now that you’re retired, you’re ready for a change. Yet the question arises, should I sell my house or rent it out? There are several factors to consider besides just money while making this choice.

How To Have Fun In Retirement

Posted on March 21, 2023March 21, 2023 by DT

Retirement is a time for many people to relax, slow down and enjoy the fruits of their labor. With the freedom from leaving the workforce, retirees can explore new hobbies, travel, and engage in leisure activities they previously did not have time for. But after all the stress of the working world, how do we unwind and have fun?

Social Security Retirement Age Increase: Low-Wage Workers Suffer Most

Posted on March 20, 2023March 20, 2023 by Matt

Senators. Angus King (I-ME) and Bill Cassidy (R-LA) have suggested raising the Social Security retirement age to 70, which would have a devastating impact on beneficiaries, especially those earning lower incomes. Millions of people who pay into Social Security will not stay alive long enough to get benefits if this bill is passed.

Live the Luxury Lifestyle and Cruise the World while Retired

Posted on March 16, 2023March 16, 2023 by Matt

Today, several cruise lines offer retirement packages that allow seniors to live on board a ship full-time, often for a fraction of the cost of a land-based retirement community. These packages typically include meals, entertainment, medical care, and access to various activities and amenities, such as swimming pools, libraries, and fitness centers.

Are Life Insurance Policies Worthwhile For Retirees?

Posted on March 15, 2023March 15, 2023 by DT

Life insurance gives death benefits to your beneficiaries, and it is intended to replace your income. So what about purchasing life insurance at the age of 60 or 65? Does it make sense?

The Problem With Social Security Cannot Be Solved Solely By Raising The Retirement Age.

Posted on March 14, 2023March 14, 2023 by DT

Adjustments must be made to Social Security, the popular and essential government program that provides millions of senior Americans with a key source of income. Without modifications, the program is predicted to lack the funds necessary to cover all benefits within a decade.

Withdrawing Retirement Funds: 3 Strategies to Know

Posted on March 13, 2023March 13, 2023 by Matt

If you think putting money down for retirement is challenging, wait until you figure out how to withdraw it while paying the least tax possible. State and federal income taxes and any estate or inheritance taxes can eat up as much as 70% of your retirement savings.

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