Tag Archives | retirement
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Ready For A Side Hustle In Your 60s?

It may not be the age they thought they would be starting a new career, but more workers in their 60s are signing up for part-time or non-traditional gigs to earn a few extra bucks. So how exactly did pre-retirees join their millennial colleagues in perfecting the art of the side hustle? Like the saying […]

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Social Security Tip: Don’t Delay Benefits Too Long

You probably know that waiting to claim your Social Security benefits until your Full Retirement Age (FRA) can result in permanently higher Social Security benefits. For people born between 1943 and 1954, Full Retirement Age is age 66 but that’s slowly climbing higher for younger workers. For example, Full Retirement Age for someone born in […]

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Reduced RMDs Coming Your Way … But Not Until 2022

Here’s some good news for people nearing or already in retirement! In the future, you will be required to take less money from your retirement plans, but the new rules won’t take effect until 2022. That’s right. Required Minimum Distributions (or RMDs) will be heading downward starting in 2022, as the IRS recognizes that longer life […]

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Quote Of The Week: Where To Get Help Managing Your Retirement Money

Many people approaching or in retirement feel they need help managing their nest egg so it lasts throughout their entire retirement. Here’s a great Q&A with financial columnist Linda Stern (AskLinda@aarp.org) from this month’s AARP Bulletin, explaining why it’s so important to rely on a CERTIFIED FINANCIAL PLANNER™  professional who is a fiduciary.   Question: […]

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Social Security To Get 1.3 Percent Boost In 2021

Social Security benefits for approximately 70 million Americans will get a 1.3 percent Cost of Living increase in 2021, the Social Security Administration announced last week. How much does that amount to? About $20 per month for the typical single, according to Social Security. That’s enough to buy lunch for you and a friend at a fast […]

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6 Easy Numbers To Help Measure Your Financial Wellness

Understanding your financial picture needn’t be that complicated. Simply staying on top of a half-dozen key money numbers can bring your financial picture into focus and improve your financial well-being, says financial columnist Kimberly Lankford in an article for AARP. Interviewed for the article, Mari shared with Kim one quick and easy tip for measuring […]

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How Far Your Dollar Can Stretch In Each State

Trying to live on a budget? It’s no secret that your dollar will go further in states with a lower cost of living, where the price of housing, food, and other goods and services clock in at the lower end of the scale. Using data from the Bureau of Economic Analysis, 24/7 Wall St. calculated […]

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My 401(k) Match Just Got Axed. Now What?

It’s another sad reflection of the coronavirus pandemic gripping our nation. Your employer has just axed the matching contribution to your 401(k) retirement plan. For the average employee that’s a loss of over $4,000 per year. What to do now? Here’s answers to your most common questions: What’s a typical 401(k) match, and how does it work? […]

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World Traveler Sets Her Sites on New Retirement Adventure And Career #4

Introduction: There is nothing more inspirational or powerful than watching a woman transform her life to create new opportunities and possibilities for herself. As we approach July 4 and the celebration of our nation’s Independence, join with us in celebrating some of these women as they share their stories – in their own words – […]

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Self-Employed? Don’t Miss This Opportunity To Slash Your Taxes Before The Deadline

We’re always glad to get the word out about amazing opportunities to cut your tax bill and beef up your retirement savings at the same time. So thank you to Brett Arends of MarketWatch for asking us to chime in on how self-employed people can save money by setting up their own retirement plans. In his […]

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