24/7 Wall St.

: Annuities have high fees and low liquidity; they’re often better for brokers than investors. Consider low-cost mutual funds or treasury funds for more flexibility. Avoid annuities unless absolutely necessary. Instead, look at true income investments like these 2 dividend legends to buy and hold forever. Lee and Doug discuss the pros and cons […]
The post Retirees Should Run Away From These So-Called ‘Investments’ appeared first on 24/7 Wall St..

Retirees Should Run Away From These So-Called ‘Investments’

GOBankingRates

You've spent most of your adult life planning and saving for retirement. Then, when the day comes, and you make the call to finally retire, your entire thought process needs to change. Instead of...

How To Create a Sustainable Withdrawal Strategy for Your Retirement Fund

Have you ever wondered how much money the richest 10% of Americans have in their bank accounts? While you might not be able to see inside Jeff Bezos' savings account, the U.S. government does collect...

How Much Does the Average Rich Person Have in Savings?

Retirement looks different for everyone. But whether you plan to spend your golden years jet setting around the world, playing on the beach with your grandchildren or tending to your garden, one thing is true: It’s going to cost you. Just how much it will cost you isn’t quite...

How Much Money Do You Need to Retire? Answer These 4 Questions to Find Out

Most people will need some form of long-term care as they age. Planning for that care is one of the biggest challenges older Americans face. Enter long-term care insurance, which helps cover the costs of extended medical care whether at you’re home, or in a nursing home or adult day care. Long-term care insurance policies can be helpful but pricey, and if you wait too long to buy, your premiums will be sky-high. And that’s if you’re able to take out a policy at all.

Here's Who Actually Needs Long-Term Care Insurance — and When to Buy It

The Motley Fool

These regulations answer some key questions about the newest RMD rules.

The IRS Just Updated the Required Minimum Distribution (RMD) Rules. 3 Things Everyone Needs to Know.

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NewsNinja

An Aldi shopper recently shared her disturbing experience with a moldy rice package from the supermarket, sparking debate. A TikTok user named @defonotlils posted a video on June 6 that quickly became popular, accumulating more than 674,600 views. In the video, she shares what happened after finding out about something.

This is why I don’t shop at Aldi: Woman can’t believe what she found in her packaged rice from Aldi

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Delaying benefits is one of the most effective ways to increase your payments. Claiming at your full retirement age can be a smart retirement strategy. However, the right decision for you will depend on your goals. The right strategy could substantially boost your monthly payments. Social Security is a significant...

Social Security: The Average Retiree Could Collect $586 More per Month in Benefits by Making This 1 Simple Move

Massachusetts State

A million dollars seems like a lot of money, but even with seven figures in savings, careful spending is necessary to live comfortably throughout your golden years. One way to do that is by relocating to a less expensive state. You might be able to trim your costs through researching just how expensive housing and health care are as well as other non-financial factors like climate and crime. That can help you stretch your savings, though the math can be complex.

American retirees with $1M in savings could go broke much faster in these 5 states — do you live in any of them?

They can’t believe the employee’s response. An attempt at reviewing desserts from Crumbl Cookies took an awkward turn for two TikTokers who weren’t happy with the Oreo cheesecake.

‘They’re doing something wrong’: Crumbl customers ask for a refund after ordering Oreo cheesecake.

Kiplinger

All that money in your tax-deferred retirement accounts? Uncle Sam is going to want his cut, so here's how to prepare for that.

Three Strategies to Cut Your Taxes in Retirement

FinanceBuzz

You may not be able to ditch these costs completely when you start your post-work life, but some of these expenses can significantly decrease after retirement.

11 Expenses Retirees (Practically) Never Have to Worry About Again

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Emily Standley Allard

Are people getting more high maintenance or is it just me? One thing that you can't deny is that CERTAIN people require a lot more TLC and attention, on the daily and especially during trying times. This applies to both platonic relationships and romantic. We usually call these people high maintenance because, well, they usually require (or demand!) all of your efforts and then some to be satisfied. These characteristics are closely linked to their zodiac sign temperament, so read on to see who is on the list!

5 Zodiac Signs that are the Highest Maintenance and Most Demanding

Retirement Daily

Uncover the most important IRA features that can shape your retirement strategy. This article highlights updated RMD schedules, charitable distributions and more.

Top 5 IRA Features Every Retiree Must Understand

Understand the implications and potential benefits of how the SECURE 2.0 Act simplifies retirement planning by eliminating RMDs for Roth 401(k) accounts.

No More RMDs for Roth 401(k)s: What You Need to Know

Americans reported a median retirement account value of $87,000 in the most recent Survey of Consumer Finances, but there is more to the story.

Here's the Average Retirement Savings for Americans by Age

Louisiana State

In some parts of the United States, the typical homeowner pays over $10,000 per year in property taxes — but there are just as many places where the median tax bill is under $300 annually. Property taxes are charged at the local and state level, but local property taxes...

These 20 Places Have the Lowest Property Taxes in the Country

Unfortunately, things aren't looking too rosy in the context of next year's raise.

2025's Social Security COLA: 2 Reasons Retirees Are Headed for Disappointing News

Financial Freedom Countdown

Fidelity’s analysis of 24 million 401(k) accounts across 26,000 employer-sponsored plans revealed that the number of 401(k) “millionaires” reached 497,000 last quarter, marking a 2.5 percent increase from 485,000 in the first quarter.

Retirement Wealth Soars as 401(k) and IRA Millionaires Thrive While Others Struggle

NewsBreak

Here's How to Rebalance Your Investments Ahead of (and During) Retirement

Balance is key in life, and when it comes to financing your second act, rebalancing is just as critical. There’s no shortage of reasons why investors...

Here's How to Rebalance Your Investments Ahead of (and During) Retirement

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