Income

Fidelity retirement income planner return assumptions

Apr 29 2024

I recently met with a new financial planner, and his model is possibly showing a lower projected investment return than Fidelity. Does anyone know the assumptions underlying fidelity's planning tool? ...

reddit.com

9 LEGIT Passive Income Ideas for Young Adults ($5k per month)

Apr 26 2024

Let’s be real—the prevalence of social media has changed how we perceive the world around us. The content we consume rarely highlights the traditional nine-to-five, but rather, the dreamy ...

thinksaveretire.com

Is Your Retirement Solution Hiding in Plain Sight?

Apr 25 2024

Here’s how to use your home equity in combination with an annuity contract to produce late-in-life income....

kiplinger.com

How to double your CPP income

Apr 25 2024

A series of academicpapersbeing rolled out by the National Institute on Ageing (NIA) has added fuel to the oft-argued case for delaying benefits for the Canada Pension Plan (CPP) to the latest possibl...

moneysense.ca

10 Essential Sources of Retirement Income

Apr 25 2024

In retirement, cash is king. Here’s how to get your fair share....

money.usnews.com

8 Ways to Make Extra Income in Retirement

Apr 25 2024

Whether it's from a side hustle or an investment cash haul, extra income can add up in retirement....

money.usnews.com

Monthly Income-Related Adjustment for Part D Medicare - How to Get a Refund for Past Overpayments?

Apr 23 2024

Hi: I retired in 2022 and was charged a part D monthly adjustment in 2022 for high income reported on 2020 tax return filed in April 2021. May I file for a refund based on 2022 income? If so do I use ...

community.aarp.org

Medicare

Student-Friendly Passive Income Ideas

Apr 22 2024

Students have always faced and continue to face various challenges. This is not surprising, because they have started a new stage of their lives. An independent stage. Often, it is a lack of time and ...

thinksaveretire.com

Students

Make Money Writing Articles: A Complete Guide for Beginners

Apr 22 2024

If you’re a wordsmith looking to turn your passion for writing into profit, you’re in the right place. While starting a freelance writing hustle can be overwhelming, we’ve simplified...

thinksaveretire.com

America’s Mobile Workforce Meets Their Saver’s Match

Apr 20 2024

Tom Hawkins says the new program is poised to deliver significant benefits for lower-income savers...

401kspecialistmag.com

6 Actual Ways to Make Money with ChatGPT in 2024

Apr 12 2024

It’s hard to believe ChatGPT only came out in late 2022. Since its inception, it’s soared to over 180 million users and become one of the most popular AI softwares on the market. But how c...

thinksaveretire.com

Retirement Income Planning Mistakes

Apr 12 2024

Retirement income planning can create the foundation for a successful retirement. In this episode we discuss a few critical mistakes to avoid and strategies designed to help create long term retiremen...

retirementroadmappodcast.podbean.com

Mistakes

56 years old, Retirement accumulation TIAA-Cref

Apr 12 2024

Hi been with same institution for 27 years. Not a high income earner, current salary is $63k. The retirement plan work is employer 5% to get the employer 9% “match”, which I’ve been ...

reddit.com

Salary

Thoughts on my journey to retirement in Mexico

Apr 11 2024

I was asked in another post to detail some of my retirement journey- specifically why and how we ended up in Mexico. I’d like to start by acknowledging that because of a fairly high income job f...

reddit.com

Career

Honeygain Review: Is it Legit? And Is It Worth Using?

Apr 10 2024

Honeygain is the first platform that allows you to earn passive income by sharing your unused internet connection. While some users claim to have made thousands of dollars using the app, there are a f...

thinksaveretire.com

A New Law Could Affect Your Retirement Side Hustle Income

Apr 09 2024

Some older adult freelancers are worried that the change, which recently took effect, may cost their businesses....

forbes.com

Side Hustle

How Lower Interest Rates Could Affect Older Adults

Apr 09 2024

When the Fed starts cutting interest rates, retirees could see lower yields on fixed-income assets. Social Security’s finances could be impacted, too....

kiplinger.com

Social Security

The Rich Pay More Than Their Fair Share Of Income Taxes

Apr 08 2024

The rich are frequently criticized for not contributing their fair portion of taxes. However, when examining income taxes, it becomes evident that the wealthy actually contribute more than their fair ...

financialsamurai.com

National Retirement Plan Would Lift Low-income Saving

Apr 05 2024

Virtually all high-income workers in this country are saving in some type of employer retirement plan. But only a minority in the lowest-income group are. A new study tackles this serious shortfall fo...

crr.bc.edu

Savings

Is There a Best Day of the Year to Retire?

Apr 05 2024

Taking into consideration the time of the month and the time of the year can make a difference in your retirement income....

kiplinger.com

Steps of Investing For High-Income Earners to Achieve Financial Independence

Apr 04 2024

Recently, a doctor finishing training asked me how to start their investing path for Financial Independence (FI) even if they ... Read more...

physicianonfire.com

Investing

Wealth Gains Across Income Groups Show A Strong And Equitable Economic Recovery

Apr 02 2024

Household wealth has substantially and equitably increased during the pandemic – from December 2019 to December 2023....

forbes.com

Wealth

Battling Burnout: How To Turn Self-Employment Income Into Wealth

Mar 31 2024

Burnout is a constant threat in self-employment. To protect against it, you must turn your income into wealth by investing in the markets, business or real estate....

forbes.com

Wealth

Are Bonds Back? A Fresh Look at Fixed Income in 2024

Mar 29 2024

With interest rates poised to possibly start falling, investors might consider shifting to longer-term fixed-income securities to lock in higher yields....

kiplinger.com

Bonds

How Much To Save At Every Age And Income Level

Mar 29 2024

JP Morgan Asset Management's 2024 Guide to Retirement: See if you have saved enough by age and income and how much you should be saving if you are just starting out....

forbes.com

How Much

Bureaucracy, Paperwork Block Access to Government Aid

Mar 27 2024

Seven million low-income Americans who would qualify for SNAP food stamps are not receiving them. And millions have fallen out of their state’s Medicaid coverage or Children’s Health Insur...

crr.bc.edu

Children

Health

Before You Claim Social Security, What’s Your Income Plan?

Mar 22 2024

If you’ll have multiple income streams in retirement, you’ll need to coordinate everything so you don’t end up paying taxes on your Social Security benefits....

kiplinger.com

Social Security

Is AARP a good idea for an early retiree with little income?

Mar 22 2024

I had to retire early (62) due to a work injury. Due to that my pension and Social Security are small. I do qualify for Medi-Cal dental, however all of the offices I have visited are not up to the car...

reddit.com

How Retirees Can Minimize the Net Investment Income Tax

Mar 20 2024

One strategy is to consider your filing status, which can affect the net investment income tax (NIIT) that successful retirees pay on certain investment income....

kiplinger.com

Can Money Buy You Happiness? Yes, It Can. However…

Mar 20 2024

Having a higher income doesn't mean you also have enough of the other things that make you feel truly happy and wealthy (relationships, hobbies, time)....

kiplinger.com

Does keeping a cash emergency fund still make sense after retirement?

Mar 16 2024

I've been keeping an emergency fund in a no penalty CD. Does it still make sense to have it once your income stops and withdrawing from retirement accounts starts? If there's any emergency other than ...

reddit.com

Accounts

5 Ways to Minimize Taxes on Retirement Income

Mar 14 2024

Look for strategies to lower your tax liability during your retirement years....

money.usnews.com

Will Retirees Get A Big Income Jump From 2025 Social Security COLA?

Mar 12 2024

We have seen some well above average Social Security COLAs the past few years. You might be wondering, how big will the Social Security COLA for 2025 be?...

forbes.com

Cola

Surviving on a fixed income in high COL area.

Mar 12 2024

I'm starting retirement now with a relatively low fixed income. I have been looking at moving to the West Coast (in the U.S.) somewhere, and then blown away by the cost of living. Rents are through th...

reddit.com

We’ve Updated the Actuarial Financial Planner Models

Mar 11 2024

In response to suggestions from several of our readers, we have added cells to the AFP models to permit inputting of additional non-recurring income and expense items. These new cells will enable you ...

howmuchcaniaffordtospendinretirement.blogspot.com

Income Required To Afford A Typical Home By City In 2024

Mar 08 2024

Zillow recently released an intriguing study that outlines the income needed to afford a “typical home” in different cities. The study considers a 10% down payment and utilizes the Zillow ...

financialsamurai.com

Real Estate

The Best And Worst Times To Find Renters For Greater Cash Flow

Mar 04 2024

One of the most effective ways to build semi-passive income is to own your primary residence, live in it for several years, then rent it out and purchase a nicer property. If you're aiming to retire e...

financialsamurai.com

Need to determine how to allocate my nest egg to get both growth and Income.

Feb 26 2024

I am retiring at the end of April. Woohoo! Wife already retired. I have three buckets of income upon which one of the (my IRA) I am asking for ideas/advice on asset allocation. Some background: Both w...

reddit.com

Retirement Income Certificate for Advisors Introduced by NAPA

Feb 26 2024

Free course for NAPA members to earn RI(k) certificate launched in response to growing…...

401kspecialistmag.com

Advisors

Buy a short-term rental in retirement?

Feb 25 2024

Hi, unfortunately I have RMDs coming up and it will boost my retirement income, increase taxes as well as trigger IRMAA. Any recommendations on how to reduce taxable income during retirement? POTENTIA...

reddit.com

Get Paid to Workout: 9 Apps That Pay You to Exercise

Feb 24 2024

With exercise monetization apps like Sweatcoin and Paceline, you can earn fairly passive income simply by exercising. Here are nine legit ways to get paid to workout. Best for General Activity and Hea...

thinksaveretire.com

I'm a 69y female recently retired with minimal income.

Feb 24 2024

Hi all. I'm realizing that I cannot do all the things I want to do in retirement. I was so stressed in my previous job that I felt I had to retire. Now that I'm feeling healthier, is it wise to return...

reddit.com

Retired

Retirement Income for Life: Why Canadian retirees love Frederick Vettese’s books and his PERC

Feb 22 2024

Since I turn 71 soon, my attention is naturally becoming focussed on the inevitable question of what to do when my registered retirement savings plan (RRSP) must be collapsed. Do I keep it as a regist...

moneysense.ca

Books

How to Use AI to Make Money Online (6 Ways in 2024)

Feb 20 2024

We can’t say we’re surprised. AI tools can make tedious, time-consuming, and even challenging tasks quick, simple, and painless. With that in mind, you might be wondering how you can lever...

thinksaveretire.com

Withdrawing from 401K on Social Security When Does Income Tax Start?

Feb 18 2024

I retired at 60 and have been living on savings for a couple of years. Late last year I reached 62 and started receiving my SS benefits. So I'm not worried about paying taxes on my annual income for 2...

reddit.com

How to Make Money Without a Job: 21 Ways in 2024

Feb 15 2024

Most methods for earning money require you to work, at least to some degree. But after a long day at work, you might be looking for ways to earn that don’t require you to pick up yet another gig...

thinksaveretire.com

Career

Americans’ Retirement Literacy Is Lacking, And It Matters

Feb 14 2024

The American College of Financial Services' fourth Retirement Income Literacy Study finds that older Americans lack actionable retirement knowledge....

forbes.com

College

Is Retirement Income From Social Security Taxable?

Feb 13 2024

You’ve contributed towards your Social Security benefits for decades (via your paychecks). Now you should know how much of your Social Security will be taxed....

forbes.com

Social Security

4 Simple Strategies on How to Reduce Taxes and Maximize Retirement Income

Feb 10 2024

Tax-savvy withdrawals in retirement are often overlooked or ignored by investors. That’s bad news when the Required Minimum Distribution (RMD) comes along and OUCH! As individuals approach retir...

commonfinancialsense.com