Curated articles and podcasts from trusted financial experts and real retirees.
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I could conceivably retire in two years but would still like to advance my career. What are some thoughts on considering a job change this late in my career? I could coast to retirement in my current ...
I see a lot of comments that you should wait until 67 to take you SS as it increases by 7.5% per year. But if my sole income is IRAs (including a lump sum pension), I think it would be better to take ...
Pandemic stimulus, a strong job market and climbing stock and home prices boosted net worth at a record pace, Federal Reserve data showed....
Hi, Im getting ready to retire early. My parents have passed but they both needed to move to an assisted living facility toward the end, and fortunately they both had LTC policies that we could tap in...
I just realized that my employer offers a Retiree Medical Savings Account (RMSA). They do NOT contribute at all, but guarantee at least 5 percent interest. There appears to be some tax benefits, but I...
November is approaching us and you know that means… It’s employee benefit election time (for most people). The average person skips through their benefits and picks everything in just a c...
Cost-of-living adjustment makes sure the backbone of our retirement system keeps pace with rising prices. With the release of the September CPI-W inflation number, the Social Security Administration a...
Did you know that if you made an average income throughout your career, your Social Security benefits could add up to hundreds of thousands of dollars in lifetime income? And if you made an above-aver...
Jorge Sanchez’s inspiring entrepreneurial journey is no less than a piece of fiction. His path to success has often been ... Read more...
Good fortune tends to come to those who save and invest over a long period of time. However, sometimes your good fortune goes beyond expectations. In such scenarios, you may experience money guilt. Mo...
Your family and friends are the people you walk life with, so it is important to choose wisely. In this episode of our Wisdom for Our Children series, Nichole joins me to reflect on what the younger g...
October 2023 – The Centers for Medicare & Medicaid Services (CMS) has released the 2024 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 20...
Both my wife and I are collecting SS benefits. I waited until just short of age 70 to collect. She started collecting at age 63. I receive the larger amount. When one of us passes, how is the survivin...
I’ve been thinking a lot about happiness lately. I suppose it’s the natural evolution of FIREy life: Of course, we all should be working on happiness all along, but sometimes we get thrown...
So, I am 9 days out from telling my boss I am retiring. I am so excited, but transitioning from a salary to income is really messing with me. We have gone over it with our financial planner many times...
Well as the title said I’m F49. I’ve never been married and I don’t have any children. I do not own a house and have about $2000 in my checking account. I make about $58K a year. I&r...
Retirees should consider several factors when deciding whether to take Social Security early....
Episode 429: Corporate CEOs are becoming less optimistic about 2024 and recent IPOs are a disaster. Sign up for free ALERTs & Market Commentary at: https://www.investablewealth.com/subscribe/ &mda...
Welcome to The Free Retiree Show. In this episode, we provide an up-to-date economic snapshot as of October 18, 2023. We’ll touch on key economic indicators, including the rise in interest rates...
In this week’s Retirement Talk podcast, with Laura Stover, RFC®, and Michael Wallin, CFP®, we delve into the major advantages of separately managed accounts (SMAs), a topic that doesn't ...
Retirement planning consists of 2 broad phases – accumulation and withdrawal. Early retirement is difficult to achieve because there is less time to build wealth and more years to spend. The tim...
To achieve retirement savings goals, it is crucial to not only protect your savings, but also ensure they grow at a rate that outpaces inflation. With inflation eroding our purchasing power and hard-e...
Out-of-pocket healthcare costs in retirement continue to rise. Not just a Baby Boomer problem, Millennials could see their healthcare costs double in retirement....
Abstract With a record number of older adults facing housing affordability challenges, shared households may provide an important private housing safety net if other household members contribute to ho...
Social Security and 401(k) plans leave Americans less secure than retirees in much of the world, a new ranking finds...
When people hear budgeting, they think: – Boring – Restricting – A hassle Let’s do away with that paradigm and get you on the path to financial freedom. It’s time to set ...
Here's how to retire at age 65 with nothing in your savings account....
So hubby just turned 65 and we are comparing Medicare options...the coverage he will have through my employer includes a robust and financially reasonable Medicare advantage plan, but it doesn't inclu...
My wife and I are currently on Obamacare. She turns 65 on February 25, thus will go on Medicare. Do we sign her up for AHA for two months, or can she go on Medicare since she is so close at the beginn...
As the one year anniversary of Martin’s death approaches, my heart weighs heavy with sorrow. It’s been a strange year, one of deep persistent sadness coupled with immutable joy. I’ve...
With last week's Hamas terrorist attack and the swift response by the Israeli government, war has once again taken over the global conversation. While the financial costs of war pale in comparison to ...
Teaching English online is one of the most flexible side hustles. You can work from anywhere, choose your own schedule, and decide how much you work. That said, it has a few startup costs you may need...
One of the concerns about the resumption of student loan payments is that it could tank the U.S. economy. Paying back student loans may cause consumers to reduce spending to the point of causing anoth...
Buried somewhere in the text of the Inflation Reduction Act is one change that will have an immediate impact on Medicare Drug costs in 2024...
From increased premiums to a revised Income-Related Monthly Adjustment Amounts (IRMAA), many Medicare-related costs are going up in 2024....
Abstract Many youth with disabilities rely on Supplemental Security Income (SSI) as an important source of income for their families, but they must go through a redetermination process at age 18 if th...
Today I bring you a case study of a reader that planned diligently for early retirement. Life played out much differently from those plans. Still the process of saving and planning combined with the a...
It’s getting real! I’m meeting with my boss today to let him know my plans and prepare an exit strategy. I work at a government agency with no risk of getting booted upon the announcement....
Retiring with a $500,000 nest egg is doable, but you’ll need to be creative....
How long does it take to get a decision on death benefits? They have all the proof and paperwork but then I go online the check on that status it still seems to be still at the start of the decision p...
Some words get overused so that their true meaning is obscured. But "integrity" is worth a revisit because its essence is powerful and directive in our financial planning...
By Joe Dyton, WCI Contributor “Real estate is a great investment” is a common refrain in financial circles. The fact is that it certainly can be, but there’s more to real estate inve...
The Sunday Bestis a collection of articles I’ve curated from the furthest reaches of the internet for your reading pleasure. ... Read more...
I guess the real question is based on this: wife (57f) and I (M59) moved from the area we both grew up in two years ago. We traveled the US for a year in our RV prior to settling in an area we liked. ...
I've listed all my retirement money and come up with a monthly figure that is the amount I will have in retirement. I've calculated it assuming my stocks will stay the same value and not increase or d...
I'm retired and collecting social security. I'm considering going back to work part time but I don't want to add much income. I don't need the $ and it will only cause my health insurance to cost more...
By Dr. Jim Dahle, WCI Founder I've written before about some of the struggles of the young who are financially independent (FI). However, some of these struggles can extend into the lives of those who...
From increased premiums to a revised Income-Related Monthly Adjustment Amounts (IRMAA), many Medicare-related costs are going up in 2024....
Life insurance is a frequently overlooked component of retirement planning for various reasons: Some people may already have life insurance in place and think the policy they set up years ago still me...
The mortgage interest deduction is a positive benefit for homeowners. This itemized deduction allows homeowners to subtract mortgage interest from their taxable income, thereby lowering the amount of ...