Columbus, OH

24/7 Wall St.

Interest rate spikes have unexpectedly kept home prices high due to limited supply, as homeowners with low mortgage rates are reluctant to sell. This situation has significant implications for retirement plans, as homeownership is a key wealth-building vehicle for many Americans. The current high costs of buying homes push people towards renting, which lacks the […]
The post Americans Retirement Plans Are Crumbling appeared first on 24/7 Wall St..

Americans Retirement Plans Are Crumbling

SmartAsset

Planning for retirement can be both exciting and challenging. Figuring out how much you can realistically spend each year is a key piece of that puzzle. For example, a 62-year-old with $800,000 in savings and a monthly Social Security benefit of $2,600 can reasonably expect an annual income of $63,200 in retirement. Figuring out how […] The post I’m 62, Have $800,000 and Will Receive $2,600 Monthly from Social Security. What's My Retirement Budget? appeared first on SmartReads by SmartAsset.

I'm 62, Have $800,000 and Will Receive $2,600 Monthly from Social Security. What's My Retirement Budget?

Many seniors are unsure about their tax responsibilities. Particularly concerning Social Security income. It's commonly questioned when they may stop filing taxes on these benefits. Those whose sole income is Social Security likely don't need to file a federal income tax return. Senior citizens, especially, have distinct guidelines to consider....

When Are Senior Citizens Exempt from Filing Taxes on Social Security Income?

GOBankingRates

As you close in on your retirement years, your focus is likely on lowering expenses to maximize what might be a limited or reduced income. One of the biggest expenses is often a mortgage payment.  To...

I’m a Retirement Planner: Reasons To Pay Your Mortgage Off Before You Retire

Saving for retirement is non-negotiable and a 401(K) is an excellent tool for building a sizable nest egg and securing your financial future. However, too much of a good thing has its downsides, and...

I’m a Retirement Expert: Why You’ll Regret Putting Too Much Money in Your 401(K)

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

J. Souza

A fight between passengers marred the final night of a Carnival Cruise Line sailing on June 6th. The incident, which unfolded in the Lido Deck dining room onboard the Carnival Paradise, involved a group of women and resulted in thrown chairs and plates.

Cruise Ship Fight Near Buffet Captured on Camera, Passengers Banned for Life

The Motley Fool

Low inflation numbers should ultimately benefit retirees.

The 2025 Social Security Cost-of-Living Adjustment (COLA) Forecast Just Changed, and It Could Pleasantly Surprise Many Retirees

Stacker

Benzinga explains the benefits of Roth retirement accounts and the differences between products.

Suze Orman says you should be putting 'every single cent' into a Roth retirement account — if not, you are making a mistake

FinanceBuzz

Downsizing is a great option if you're looking to cut expenses, but be sure to avoid these 11 mistakes that could end up making the move expensive.

11 Mistakes Most Retirees Deeply Regret Making When Downsizing

Despite paying into Social Security throughout your working career, your retirement benefits aren’t necessarily tax-free income. In fact, up to 85% of your benefits are taxable, depending on your other sources of income. Several strategies exist for managing and potentially reducing these taxes, including timing retirement account withdrawals and using withdrawals from Roth accounts to […] The post I'm Going to Get $2,100 Per Month From Social Security. How Can I Reduce My Taxes? appeared first on SmartReads by SmartAsset.

I'm Going to Get $2,100 Per Month From Social Security. How Can I Reduce My Taxes?

Age 65 is a major transition for many individuals as they shift to thinking about retirement and begin to contemplate benefits like Social Security and Medicare. Retirement planning means you’ll have to consider taxes, healthcare, your retirement budget and more. With $1.5 million in an IRA and two Social Security payments to rely on, a […] The post We’re 65 With $1.5 Million in an IRA and $4,200 Per Month in Social Security. What’s Our Retirement Budget? appeared first on SmartReads by SmartAsset.

We're 65 With $1.5 Million in an IRA and $4,200 Per Month in Social Security. What's Our Retirement Budget?

California State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Racking up $1 million for retirement is still possible, depending on the amount of time you have, your strategy, and market conditions.

How to Build a Million-Dollar Retirement If You've Already Turned 50

New York City, NY

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

The e-Texan

New York – As Trump anticipates his sentencing on July 11th in the New York hush money case, Florida Judge Aileen Cannon made a ruling this Monday. Despite rejecting Trump’s legal team's request to dismiss several charges in the classified documents case, she conceded on a minor point. She removed a portion of the charges that referenced an uncharged allegation, but upheld the other charges.

Legal expert says Trump should not be jailed after New York guilty verdict because he is ‘too old’

We often hear about young and middle-aged workers not saving enough for retirement. But what about their parents and those who are nearing retirement age? Check Out: I'm an Economist: Here's My...

5 Key Reasons Late Boomers Have So Little Money Saved for Retirement

Kiplinger

Whether you’re taking the first steps to increase your wealth or protecting the assets you’ve accumulated, our advice to grow your wealth will help you flourish.

11 Ways to Grow Your Wealth

Total Apex Sports & Entertainment

Some zodiac signs are a little more expressive with their anger (we see you, Aries), and some are more likely to push their feelings down. Let's talk about the three signs that are more likely to repress their anger within and what that looks like for each individual zodiac sign.

3 Zodiac Signs That Stifle Their Anger

Retirement income is a crucial factor in determining the quality of life for seniors. The national average retirement income in the United States is $27,617 per household annually. However, this figure can be misleading when used alone. Considering the median income is essential to get a more accurate picture. The...

Average Retiree Income: How Do You Compare?

If you retire early, making these mistakes could leave you wishing you hadn’t.

8 Early Retirement Mistakes You'll Deeply Regret

Newark, NJ

Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

NewsBreak

'I own 15,000 houses': Robert Kiyosaki says there's 'nothing wrong' with buying a house — except he uses debt to buy it and 'pay no taxes'

While we adhere to strict editorial guidelines, partners on this page also provide us earnings. With elevated home prices these days, buying a house can be...

'I own 15,000 houses': Robert Kiyosaki says there's 'nothing wrong' with buying a house — except he uses debt to buy it and 'pay no taxes'

Comments / 0