Curated articles and podcasts from trusted financial experts and real retirees.
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During tax season, Canadians are constantly reminded to contribute to their RRSPs in order to receive a tax deduction. But how exactly does an RRSP tax deduction work, and how much do you need to cont...
By Dr. James M. Dahle, WCI Founder Dear Insurance Agent, Both in the real and the online world, I have had the opportunity to interact with dozens of you. The vast majority of those encounters have be...
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I understand being financially prepared and having that plan in place, I am having a hard time getting my brain to accept that I don’t need to work my ass off to seek promotion or new responsibi...
If my spouse retires at age 62 and receives a reduced benefit on her own record, and I retire at my FRA when she is 65, which of her ages is used to determine her spousal benefit? 62 or 65?...
My FRA is 66 and 4 months, which I hit last month. But I'm still working and plan to delay my social security until July (when I'll be 66 and 10 months) -- believing (from some places I've read) that ...
My husband’s employer offers a 3% match to a Simple IRA. When he turned in the form, they told him that he needs to set up an account on his own and they just make the contributions directly to ...
I have a friend who is being forced into retirement at age 69 by physical issues. This happened very suddenly, and he has not really thought about daily life in retirement. The health issue will force...
I had kids late. All 3 are under 14 so things are tight but I'm trying to prepare for retirement for my wife and I but don't know where to start. Everything I've read elsewhere seems to lead me to "WH...
Curious to hear from folks that retired when they hit their employer’s “magic number” (well before being eligible for SSI and medicare) to receive health insurance benefits for life ...
We Compare VWO vs EEM: We’ll compare two popular emerging market ETFs: the Vanguard FTSE Emerging Markets ETF (VWO) and the iShares MSCI Emerging Markets ETF (EEM). Before we dive into the compa...
I’m concerned that my older sister has done nothing to prepare for retirement. It’s worse than that, she’s worked gig jobs and avoided paying taxes. At this point I doubt she’s...
We've been looking on indeed but that has been limited for these types of jobs. Looking for other sources where can search for jobs? My dad is physically pretty active but at this point doesn't want t...
How do you handle feelings of guilt as you try to enjoy your retirement as others around you are struggling? I am very fortunate to be enjoying a modest retirement that allows me to make small charita...
A record number of Americans are taking hardship withdrawals and tapping into their 401(k)s. According to Fidelity, “Participants taking hardship withdrawals from their accounts rose to 2.4% las...
Hey peeps, before we get started with today’s reader case, I want to invite you to a Facebook live event where we talk about Passiv, one of our favourite investing tools. We’ll chat about ...
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By Dr. James M. Dahle, WCI Founder Anyone who has been around the physician financial blogosphere has probably heard someone cite the “one house, one spouse” rule of thumb. In 2015, I expa...
My main goal* was to build an investment and cash portfolio of$1,120,000* ($1,000,000 to retire on and $120,000 to pay off the house) in1500 days**, starting from 1/1/2013 and ending in February of 20...
Recently, I can’t help but shovel more money into Treasury bonds. With 3-month-to-1-year Treasury bonds yielding 5%+, I feel like the guaranteed return is too high to pass up. But the more Treas...
My Fidelity rep suggested I consider a guaranteed life single annuity being offered by NY Life, because they are offering an interest rate of 6.53%. For a $550K purchase cost, $3,010/month guaranteed ...
Any good deals (ha-ha!) for dental and vision insurance for senior citizens? I'll be taking early retirement from my job on 31 March and will turn 65 in September. I do not want to retire, but I live ...
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My job is not terribly difficult. I work from home, my hours are flexible, I can take time off pretty much whenever i want (but I don't get paid). I don't get paid hourly, or salaried, I am paid per t...
https://youtu.be/5l00Mil3b4A submitted by /u/crabbitface[visit reddit] [comments]...
Those of you who have recently retired, say in the past year or two, what would you do differently if you had the chance to do it over? I'm preparing myself for retirement in the next couple of years ...
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Contents from freedom 35 blog. (www.freedomthirtyfiveblog.com) What drives the stock market higher or lower? In one word, it’s liquidity. Below on the left is a bar graph of global liquidity in ...
I have multiple family members in their 60s with very little (under 100k) in retirement and savings who rent apartments. They are talking about how to retire and I just don’t get it. What happen...
A coalition of regulators recently reminded taxpayers about the risks of some self-directed IRAs....
"This has been more helpful than couples therapy!" is something that good financial advisors will inevitably hear in their work with couples....
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You can use the same tools the big firms use for your small-scale side hustle. And there’s a good reason you should....
Timeshares are now a side hustle where you can make thousands of dollars each year and still use the investment to enjoy great vacations at little or no cost....
Imagine a portfolio that you can own for life. A portfolio that does well during inflation and during deflation. A portfolio that works in economic growth and economic stagnation. A portfolio for the ...
I am 30yo and just recently started getting active in planning for retirement. I had about 14k from a previous 401k that I transferred to a a Fidelity account. I set it for Auto management and it is b...
As I am zeroing in on retirement, I'm not sure if that is the correct word. I work for the US govt and will turn 65 before the EOY. I am concerned what my job is doing to me mentally so decided to ret...
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The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading ... Read more...
Just a working stiff here. Saving about $40,000/ year in retirement accounts. Self employed so using a SimpleIRA. Another xtra $13000/ year in a taxable Brokerage acct.,and $7500/ HSA Have 1million sa...
I'm currently 35 and have a 401k set up in a wmu55 account . I been wondering about breaking it up or switching it to a black rock Russell 1000 or 2000 account. Can anyone shed light if this is a good...
Can't seem to find any meaningful work. My body just can't handle stuff I'm good at (type of work I'm doing now) and I've found that absolutely nobody wants to hire an old guy as a software developer....
Hello everyone! My name is Ryan and I am a graduate student at CUNY School of Professional Studies. I am conducting a research study to examine the possible effects that working in older adulthood may...
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Hi, Anyone rent in a 55+ community during the winter months? Spouse and I are retiring this year and would like to find some rentals for next winter in a 55+ community. I have one lined up in Florida ...
I am 53m with wife, 53f, one kid, 15. Retired from military in 2020 with 70k pension that I am currently receiving. Wife gets 30k if I die first. I expect 35k/yr social security at 67. Wife will colle...
The Congressional Budget Office (CBO) predicts that by 2034, Social Security will not have enough money to fully fund its obligations. In other words, as of that year, they cannot continue to pay out ...
I'm currently 31. Planning to retire at 55. I work for my county government. As such. We are part of the state pension plan. If my income trends stay about how they've went. I'm looking at making appr...
I feel as though if I knew how long I was going to live, I could make a much more educated decision about when to retire. Since none of us, unless we’re already terminally ill, know how long we&...