Curated articles and podcasts from trusted financial experts and real retirees.
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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 ...
VUSXX, also known as the Vanguard Treasury Money Market Fund, is one of the money market funds provided by Vanguard. ... Read more...
By co-signing a mortgage in Canada, you can help a child or other close family member who may be having difficulty obtaining a mortgage on their own. However, there are risks associated with co-signin...
The decision to move out of our home was made shortly after 4:30 AM, just as my wife pulled out ... Read more...
Are the dog days of summer dragging you down? Are you a physician-in-training starting to look at jobs for next ... Read more...
The majority of Americans feel behind on their retirement savings, per Bankrate's survey. Here's how much experts say you should actually have saved up....
As I get closer to retirement, the “where” starts to loom larger. I realize this might be a lot of trial and error, so not feeling locked in to one particular place, but I do know some of ...
Millions of Social Security beneficiaries, from retirees to disabled workers, will receive the cost-of-living adjustment, which is far less than last year’s but still higher than average....
As the title states, the IRMAA surcharge is going to happen in 2024 for our Medicare Part B I was unable to manipulate revenue from 2022 low enough to avoid the surcharge. The revenue for 2022 was sig...
Paul Merriman recently caught my attention on a recent podcast (How To Money #734 – Turning Thousands Into Millions with Paul Merriman). The short premise is that investing in a 2 fund portfolio...
I have sold rental property and have about $350G from the sale. I am 61 and plan to retire at the end of this year. My wife is 63. We have about 1Mil in investments, mostly stock and bonds. I would ap...
Hello and welcome back to another monthly update from Root of Good. We started last month with heavy bouts of consumerism, spending money like crazy on a new used car and half a dozen plumbing upgrade...
I’ve about had it with Reddit. The posts about Boomers screwing everything up, many users not knowing much about life, etc. has me wishing for a new social media platform that offers intelligent...
Quick note: I’ve been thinking a lot about happiness lately. I’m at a good place in life, the best I’ve been in decades, so have a lot to say on the matter. On Monday, tune in for Pa...
As Congress battles over spending and House leadership, retirement advisors are losing faith in the U.S. economy....
My best-performing investment ever is a managed mutual fund called the Fidelity OTC Portfolio (FOCPX). It’s up more than 1,100% since I’ve owned it. I wish I could say I’m brilliant ...
Up to $168,600 of earnings will be subject to Social Security tax in 2024, raising the taxes taken out of a high earner's paycheck to $10,453....
Taylor Swift has had a huge economic impact across the nation. Pensions also are an economic juggernaut, but they're often overlooked....
This article was contributed to Leisure Freak by logistics expert and travel enthusiast Lorelei Hawthorne. Embracing the art of seasonal retirement relocations entails a unique approach to the golden ...
Imagine a married couple. Both work, and their earnings are identical. But one spouse’s employer is matching every dollar of her 401(k) contributions up to a cap. The other spouse’s 401(k)...