SmartAsset

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?

GOBankingRates

For many people, retirement may seem like a far-off accomplishment, a glorious place that looms over a distant horizon. However, you might be in a position to close the gap and round the curve into...

I’m a Financial Expert: 5 Signs You’re Financially Ready for Retirement in 2024

Business Insider

For a certain cohort of retirees, retirement has meant financial stability and peace of mind.

Meet the boomers cashing in on the golden age of retirement

Retirement: A magical time of life when you no longer (necessarily) have to work for your money. Instead, decades of hard work coupled with saving and smart investments should mean that your money now works for you. Plan Ahead: 4 Things Boomers Should Never Sell in Retirement. Careful financial planning...

7 Things You Should Never Do in Retirement

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Anika Jindal

Retirement should be a time for relaxation, not financial stress. Overspending on luxury items or ill-advised investments can jeopardize your financial stability. This article will discuss certain purchases that retirees, particularly Baby Boomers, should avoid to maintain their financial health. Let’s explore these potential pitfalls to ensure a secure and peaceful retirement.

12 Purchases Boomers Should Never Make During Retirement

FinanceBuzz

You should know what could come out of your Social Security benefits payment every month before you're caught off guard.

9 Things That Get Deducted From Your Social Security Payment

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)

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

Retirees explain what it's like to live on Social Security checks and no savings.

Baby boomers living on $1,000 a month in Social Security share their retirement experience: 'I never imagined being in this position.'

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Retirement planning can be stressful. If you're worried that you need to do more, here are 15 signs that you're actually better prepared than you think.

15 Signs Your Retirement Savings Puts You in a Better Position Than the Average American

With today's high cost of living, many retirees are on tight budgets. The average person over the traditional retirement age of 65 spent $57,818, or 4,818 a month, in 2022, per the Bureau of Labor...

5 Things To Buy at Lowe’s While on a Retirement Budget

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Los Angeles, CA

USA TODAY

Is retirement now a luxury? With rising costs and without pensions, millions of seniors can’t afford to stop working into their 70s, even 80s.

The retirement savings crisis: Why more Americans can’t afford to stop working

The Motley Fool

There's no magic number for how much to save for retirement, but there are key guidelines that will keep you on track to meeting your goals.

Here's How Much You Should Have Invested for Retirement by Age 50

The vast majority of people don't reach that goal. Read on to find out how to boost your retirement savings.

How Many People Really Save $1 Million for Retirement?

NewsBreak

10 Costs That Suddenly Appear in Retirement

Retirement is often viewed as a period of life filled with relaxation, leisure, and the freedom to pursue passions and hobbies. However, transitioning into retirement also...

10 Costs That Suddenly Appear in Retirement

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