Expenses
Showing 50 results of 50
A Net Worth Equal To 25X Expenses Is Not Enough To Retire Early
Nov 19 2024
Being financially independent means having enough passive income to cover your essential or desired living expenses. A common guideline is to aim for a net worth equal to 25 times your annual expenses...
financialsamurai.com
The Importance of Medicaid for Older Americans
Oct 22 2024
Most people think of Medicare – not Medicaid – when considering government health care for older Americans. However, Medicaid, the program that covers the medical expenses of the poor, spe...
crr.bc.edu
renting or buying in retirement
Oct 13 2024
We own our home and will retire in 2-3 years (me at 70, my wife at 65). We have adequate retirement income to cover expenses. We live in a small town that is unfortunately quite a ways from either of ...
reddit.com
Will Auto-IRAs Help Households Cope with Emergency Expenses?
Oct 08 2024
The most effective way to save for retirement is through a workplace-based retirement plan, but many workers lack access to one. To help close this gap, a number of states have adopted programs that r...
crr.bc.edu
3 Ways to Pay for Long-Term Care
Oct 07 2024
Long-term care is a reality that many retirees will face, but the question is—how will you pay for it? In this episode, we break down the three primary ways to cover long-term care expenses. We&...
sites.libsyn.com
Voluntary separation (VSP) offer has my head spinning
Sep 21 2024
I’m 60, and I’d planned to retire in 18 months at 62. Our current savings is about 20x our expenses, but I was hoping to get to 25x. Well, our company has offered many of us a voluntary se...
reddit.com
Ways to Pay for Long-Term Care Expenses
Sep 09 2024
The earlier you start planning, the more control you have over your future, empowering you to make informed decisions and feel more secure....
kiplinger.com
Self-Insuring Your Long-Term Care (and Other Non-Recurring Expenses)
Sep 09 2024
This post is a follow-up to our post of April 16, 2022 regarding planning for non-recurring expenses in retirement, with emphasis in this post on long-term care costs. We also build on the example dis...
howmuchcaniaffordtospendinretirement.blogspot.com
Add this to Your Retirement Expenses: Climate Change
Sep 05 2024
Paul and Sandra McCrossan live on such high ground in Toronto that their neighborhood is a popular rest stop for migrating birds. But sodden ground affected their aerie when the city experienced its h...
crr.bc.edu
10 Major Retirement Costs Overlooked by a Many Americans
Sep 04 2024
Underestimating expenses is a good way to run out of money. Learn about commonly overlooked retirement expenses. You'll be surprised by #1. The post 10 Major Retirement Costs Overlooked by a Many Amer...
boldin.com
Three Ways to Prepare for Long-Term Care Expenses in Retirement
Aug 29 2024
It's likely that most of us will need some kind of long-term care as we age, so it'd be a good idea to start planning for those expenses now....
kiplinger.com
How to calculate post-retirement expenses
Aug 20 2024
I'm 60M, two kids still in high school, just bought a house to ride out the high school (and college? dunno) years. I have good income and decent-not-great retirement accounts for my age. My kids also...
reddit.com
10 Major Retirement Costs Overlooked by a Many Americans
Aug 16 2024
Underestimating expenses is a good way to run out of money. Learn about commonly overlooked retirement expenses. You'll be surprised by #1. The post 10 Major Retirement Costs Overlooked by a Many Amer...
newretirement.com
5 DIY Tips to Save on Regular Expenses
Aug 14 2024
The Internet is awash with talk of money-saving tips. Myriad savings guides, articles, and booklets on how to keep more of your own money adorn the World Wide Web. Truthfully, most of us gloss over th...
thinksaveretire.com
Washington State Establishes a Long-Term Care Program
Aug 14 2024
Long-term care is the major uninsured expense for most retirees. Neither private health insurance nor Medicare covers long-term care expenses, although Medicare provides for care in a skilled nursing ...
crr.bc.edu
Optimal amount of cash reserves
Jul 20 2024
As stated in the title. What is the optimal amount of money to keep in liquid cash while one is in retirement? I currently have about 3.5 years' worth of expenses in a combination of a money market ac...
reddit.com
Good Time to Check Your Client’s Funding Buckets
Jul 18 2024
Be sure to read our latest Advisor Perspectives article about the “buckets” used to fund essential and discretionary expenses in retirement under the Actuarial Approach....
howmuchcaniaffordtospendinretirement.blogspot.com
Nitra Practice Expense Card Review 2024 (Must-Have for Doctors?)
Jul 10 2024
Managing expenses is critical for any business, especially for healthcare providers facing rising costs and lower reimbursement rates. Nitra offers ... Read more...
physicianonfire.com
Spousal Social Security, Retirement Expenses and Roth Conversions | YMYW Extra - 4
Jun 27 2024
How much do retirees really spend in retirement? Does the Social Security Primary Insurance Amount (PIA) continue to rise with inflation? Is all the talk about higher future tax brackets just fear-mon...
purefinancial.com
Did you retire too early or too late
Jun 19 2024
Hello! I’m eligible to retire at 60, but I worry it’s still too early. I’ll have a modest pension at that point (won’t cover all my expenses by any stretch) 401k, and health in...
reddit.com
Which Account Should Fund Living Expenses in Retirement? - 481
May 16 2024
Should 70-year-old Bob live off of capital gains and dividends from his mutual funds plus Social Security, or should he sell poor-performing mutual funds for living expenses and reinvest the cap gains...
purefinancial.com
Interest only retirement? Thoughts or advice
May 15 2024
I’m planning on working until the age of 70. I’m 54 now and I love my job. I get plenty of time off for travel, etc. My current expenses are 4k a month. I should get around 3k in SS,if I w...
reddit.com
Cheapest To Most Expensive Car Brands To Maintain Long Term
Apr 25 2024
Amidst a recent whirlwind of car maintenance expenses with my trusty nine-year-old Range Rover Sport, I embarked on a quest to find the most budget-friendly car brands for long-term upkeep. With my fi...
financialsamurai.com
Caregiver Costs Qualify as Medical Expenses
Apr 08 2024
Photo credit: coop It’s a little known fact that certain costs for caregivers, licensed or unlicensed, may qualify as medical expenses for tax deductions. Maintenance and personal care service c...
financialducksinarow.com
Nitra Credit Card Review 2024 (Must-Have for Doctors?)
Apr 02 2024
Managing expenses is critical for any business, especially for healthcare providers facing rising costs and lower reimbursement rates. Nitra offers ... Read more...
physicianonfire.com
Estimating Yearly Total Medical Costs
Mar 31 2024
For those that keep track/spreadsheet expenses, are you able to share your total all-in medical/healthcare cost for a year? I'll be retiring end of this year. Husband already is retired but on my comp...
reddit.com
Are current expenses meaningless?
Mar 31 2024
As I'm beginning to plan for retirement, I've read plenty of articles and used several calculators to determine what we'll need as the magic number to retire. Here's the thing though, they're ALL base...
reddit.com
Low Cost Investing: 7 Ways to Slash Your Investment Expenses
Mar 22 2024
Last week, we discussed the fees and expenses to look out for when investing in mutual funds and ETFs. Reducing these fees and expenses is one of the most sure-fire ways to increase your returns witho...
newretirement.com
Fees and Expenses on Mutual Funds and ETFs: A Complete Guide to the Often Misunderstood and Hidden Costs of Investments
Mar 15 2024
Investing plays a massive role in growing and preserving your wealth over the course of your lifetime. Along with defining your investment philosophy and selecting appropriate investments, it’s ...
newretirement.com
Does climate change factor into your decision making?
Mar 11 2024
One factor retirement scenarios do not take into account is climate change and it's impact on quality of life, expenses and longevity. Will more frequent wildfire smoke exposure trigger pathologies so...
reddit.com
Three Sneaky Expenses That Are Ruining Your Budget
Mar 06 2024
With cash flow running tight, I've embarked on a mission to trim unnecessary expenses from my budget. In times of surplus cash before my home purchase, I hadn't scrutinized my expenses for years. It's...
financialsamurai.com
A Private Sports Club Membership Is Well Worth The Cost
Feb 29 2024
Now that cash flow is tight, I've reviewed all the expenses where I could potentially cut. One such expense is a private sports club membership. I joined the club in February 2023 when it was raining ...
financialsamurai.com
9 Tips for Estimating Retirement Expenses: You Need to Get this Right!
Feb 01 2024
Estimating retirement expenses can feel like an overwhelming task. However, if you want a secure retirement, you need to predict how much you are going to spend. Some might say that trying to predict ...
newretirement.com
Best Business Credit Cards for Balance Transfers in 2024
Jan 29 2024
Running a business often means juggling many financial responsibilities. And one that gives me nightmares is managing expenses across ... Read more...
physicianonfire.com
Our 2023 Expenses
Jan 08 2024
How much does it cost to raise a child? According to the USDA, it costs on average $310,000 USD (adjusted for inflation) to raise a child from birth to the age of 17. That’s $18,235 per year or ...
millennial-revolution.com
What unexpected expenses did you have in the first few years of retirement?
Dec 17 2023
I am pulling the retirement trigger in 12 months. I’ve planned for expected expenses and I have an emergency fund for unexpected expenses. But what kind of things am I likely to run into? Unexpe...
reddit.com
9 Expenses that Remain in Retirement
Nov 04 2023
I officially retired at the age of sixty-one in the summer of 2021 after a rewarding career of four decades. ... Read more...
physicianonfire.com
Advice needed as I approach retirement
Mar 19 2023
Hello, wise and helpful people :) I'm (Single, no dependents, M58) planning to retire at 60 in the fall of 2024. My pension will cover 86% of my living expenses, and the remaining 14% will come from i...
reddit.com
Retirement Splurge?
Mar 14 2023
When you retired was there something you splurged on? I know a lot of us try to pay everything off and cut expenses during retirement. On the other hand I feel like we work hard all of our life to enj...
reddit.com
How AI can help your personal finances Today
Mar 06 2023
When it comes to managing our personal finances, many of us struggle to keep track of our income, expenses, and savings. But with the rise of artificial intelligence (AI), managing our finances has be...
financiallyalert.com
Cost Cutting Round 1: Battling 3 Behemoths
Mar 06 2023
After a decade of retirement when we watched our net worth grow steadily, we began to indulge in the luxury of ignoring our monthly expenses. But the double-digit market decline last year coupled with...
caniretireyet.com
Here’s How To Reduce Your Cost Of Basic Expenses By 50% Or More
Feb 28 2023
Here are three examples of places where you can invert your budget allocation to spend less on basic necessities and more on the things you enjoy....
forbes.com
5 Often Overlooked Expenses That Could Blindside You in Retirement
Feb 25 2023
How much will your expenses be in retirement? With soaring inflation, increasing longevity rates, the potential of higher future taxes, and the skyrocketing cost of healthcare and long-term care, your...
bossretirement.com
Trying to dial in healthcare we expenses in retirement.
Feb 07 2023
I’m a few years from full retirement. I currently pay $1100 a month in healthcare insurance for spouse and I under the ACA (self employed). We have a $7000 deductible and both max our HSA accoun...
reddit.com
A Wake-Up Call: Our Annual Expenses in Retirement for the Past 4 Years
Jan 31 2023
In my post a couple of weeks ago, A Month-Long Panama Trip for 3 for an Unbeatable Price of Less than $1,500!, a reader named Ian asked in the comments what our expenses in retirement have been &ndash...
routetoretire.com
Estimating Expenses In Retirement
Jan 12 2023
Retirement planning is an important part of financial planning, and one of the key components is estimating the expenses that you will need in retirement....
forbes.com
Our 2022 Expenses
Jan 09 2023
Early retirement isn’t all sunshine and rainbows, especially when you have to deal with what I like to call “The 4 Horsemen of Early Retirement.” Specifically, running out money, los...
millennial-revolution.com
5 Surprise Retirement Expenses
Jul 05 2022
These unexpected expenses can derail your retirement. Here's how to get ahead of them....
schwab.com
Ways to Cut Costs for Retirement
Mar 10 2022
Reducing expenses is a good way to deal with inflation. Here are 23 tips to make it a little easier to cut costs....
newretirement.com
Computing Your Overall Investment Return
Jan 09 2013
I just completed an annual ritual that involves calculating one of my favorite metrics, other than monthly expenses and net worth, and that is overall portfolio return....
caniretireyet.com
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