Month: August 2022

Ramp Up Your Retirement Savings With These Six Strategies

Are you planning to retire in the next few years? It’s still not too late to make a difference in how much you’ll have available for retirement. And because you’re likely at a high point in your earnings, you’re well-positioned to help yourself. Consider putting these six strategies to work: Catch-up contributions. In addition to …

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Retirement And Divorce: Preserving Your Finances When Marriage Turns Sour

It’s a phenomenon that’s becoming more common. Older couples with decades of marriage behind them discover that they’re no longer compatible and they decide to divorce, a move that can wreak havoc on retirement plans. Unfortunately, while many of these people over 50 think they somehow are going to win in a divorce, they soon …

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Should You Rent Or Buy? Homeownership In Retirement

Owning your home can give you some stability in your retirement. On the other hand, renting can give you flexibility. Owners don’t have to deal with landlords; renters are not responsible for major repairs. Weighing the pros and cons of renting versus owning is a constant question when considering where to live. And because housing …

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How 10 Types Of Retirement Income Get Taxed

When you’re planning for retirement, it’s fun to contemplate all the travel, rounds of golf, and restaurant meals you have ahead of you. You may also want to financially help your children and grandchildren. However, many retirees don’t take into consideration the cumulative impact of federal and state income taxes on withdrawals from their nest …

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