Retirement income is the money you receive from various sources during your retirement years. It's important to plan for retirement income, because you will no longer be receiving a regular paycheck from employment.
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Retirement planning is less about hitting milestone ages and more about understanding how financial decisions shape long-term income, taxes and healthcare costs.
We have a group of us at work that were severed last month. We're bouncing around ideas. A few want to take a few months off. If we do this and need insurance how does the ACA base our income? Let's s...
In a recent podcast, I talked with Dr. Anthony Zizza, medical director of Element Care, about the Program for All-Inclusive Care for the Elderly (PACE) that provides comprehensive care to low-income o...
Headlines say Social Security is going bankrupt, but the real story is far more nuanced, and understanding it could help you make smarter retirement decisions before it's too late. In this episode, yo...
Answering listener questions about helping children buy their first homes, calculating financial independence, and navigating the tradeoffs between one-income and two-income households. The post Shoul...
Most inheritances won’t trigger a federal income tax bill. But what you inherit and what happens afterward mean other tax rules could come into play.
I need to run some different scenarios, as I’ve recently learned about the potential benefits of waiting to collect social security, using various other income streams in the meantime and all the vari...
Paul and Angela in Florida are 52 and 45. What's the earliest the two of them can walk away from work at the same time, so Paul can spend a whole lot more time in the boat? That’s today on Your Money,...
So, (60F) recently semi retired, some income, probably about 30-40K/year for the next 3-5 years and then I'll fully retire. How much is too much now to keep in a HYSA / cash? I have a temp rate of 4.2...
Learn how to tap Medicaid or other programs for income in this week's Wealth Wise advice column. You may be able to balance caregiving with your career.
I enjoy continued financial education. While this is generally good, there is a zone where you know enough to be dangerous but not prudent. The post Lessons Learned by a Moderate-Income Physician from...
My wife started taking early Social Security benefits at age 62. She has a part time job. We know there is a 2026 income limitation of $2,040 per month. If her income exceeds that amount in a given mo...
Conventional rules don't count savings, lack of debt or credit score as much as a monthly income. But there are alternative routes you can take.
I'd love some thoughts on my situation. I just turned 69, widowed since 52. Have always worked full time and still do, always for small companies so no retirement plans. Husband passed 15 years ago. I...
Retirement can be nerve-racking, even if you're good with money. Rebuild your confidence by learning how retirement income, investments and taxes work together.
REITs can offer high dividend yields and passive income for retirees, but they come with risks. Do real estate investment trusts belong in your portfolio?
Hi everyone, My wife and i are hoping to retire in about 7 - 10 years, ultimately my question is have I forgotten anything important in my calculations. My wife will retire with a full pension and i w...
Not sure which sub to post this on. A little financial planning, a little healthcare but retirees probably are most familiar with this situation. Retired couple 61/60. Cobra about to run out. Looking ...
Creating an income stream that mimics a paycheck can help you safely loosen the purse strings. Personal finance writer Jean Chatzky shares her opinion.
A custodial Roth IRA lets parents help a child with earned income start building long-term wealth. By starting early, children gain decades of potential tax-free growth while learning the value of sav...
Choosing when to claim Social Security can have a lasting impact on your retirement income, but many retirees make this decision without fully understanding how the rules work. In this Q&A episode, Je...
$1,440,000 sounds like the finish line. For a lot of people it's actually where a brand new problem starts, one nobody warns you about before you get there. I've sat across the table from hundreds of ...
Zero tax on retirement income sounds great, until you can't find a doctor. Here's how five "tax havens" compare on healthcare, property taxes, and living costs.
The retirees who enjoy the lowest tax bills in retirement aren't those who earned the least — they're the ones who plan ahead for their retirement income.
This tax calculator is purpose-made for retirees. It covers everything relevant to retirees for 2026. It will be updated to include 2027 tax year shortly. Learn the Nuts and Bolts I put everything I u...
Recently, I shared a sample budget of a family of four earning $408,000 a year on Twitter, the amount third-party data deems necessary to feel comfortable in San Francisco. To be clear, this wasn't my...
When you need mental health help, confusion can tend to set in. Should this support be in the form of therapy or coaching? The post Therapy or Coaching? A Practical Guide for High-Income Doctors Who W...
How do you know when it's worth optimizing your retirement plan and when it's better to keep things simple? This week, Roger answers a listener question by exploring Aristotle's concept of the "golden...
Income from multiple sources such as pretax accounts and Social Security can result in a tax bill that might surprise you … and not in a good way.
The biggest problem high earners have is the same one as everyone else: they spend all their money. Here's how we know this to be true. The post Think More Income Will Solve Your Financial Problems? M...
By focusing on a "preservation mindset" that balances reliable income, smart tax planning and market protection, you can build a financial strategy to help your money last as long as you do.
Planning for retirement can feel overwhelming, especially as you approach the transition from earning a paycheck to relying on your savings. The early phase of retirement brings unique challenges, and...
The five- to 10-year period before you retire is the time to shift from the pursuit of maximum market gains and toward the creation of reliable income streams.
I’ve got $ in mostly traditional IRAs I’m 63 looking to start SS at 65. I want to use interest to supplement my monthly income at retirement. What is the best place to do that? It would need to be an ...
We are still working - planning to retire very early next year. I'm at FRA; my husband will be in a couple of months. We are not yet taking SS or Medicare. With our income, we will certainly hit the I...
Wealth means net worth, cash flow, and lifestyle security. See benchmarks by age, generation, and income to put your numbers in context. The post How Wealth Is Defined: U.S. Net Worth Benchmarks appea...
Your greatest investment risk may not be missing the market, but relying on your ability to identify the small handful of stocks that become the next big winners. As part of our "By the Numbers" serie...
Keen on Retirement listener "Joe" is 51 and his wife is 60. They are thinking about an early retirement before either of them turns 65. Joe wrote in asking about the best strategy for coordinating Soc...
Consumption smoothing is how you keep your standard of living stable across a lifetime of income changes, career shifts, and retirement. The post Consumption Smoothing: What It Means and How It Works ...
Did you set a budget that matched your planned retirement income and live on that for a period of time before you retired? If you have a partner was it difficult to get on the same page? Wife and I ar...
Eligible workers can get up to $1,000 from the new Saver’s Match starting in January. Learn how to open an account, check your income and secure the full benefit.
This week Roger explains why rebalancing is one of the most important disciplines in retirement planning. In the Retirement Toolkit, he explores the difference between a traditional investment allocat...
Annuities can help you feel confident to enjoy a financially secure, healthy, and happy retirement.
Schedule a Free Financial Assessment with an experienced professional: https://bit.ly/YMYWassessC Today on Your Money, Your Wealth® podcast 590, Joe Anderson, CFP® and Big Al Clopine, CPA spitball for...
Retirement readiness is more about data than feelings. Focus on the hard numbers — your savings, income and debt — to determine whether you're truly prepared.
If your net worth is too low relative to your age and gross income, you're an under accumulator of wealth. Here's why doctors often are. The post 9 Reasons Doctors Are Under Accumulators of Wealth app...
Your income will determine how much you pay, but here are some smart strategies that can help you lower your premiums.
As retirement approaches, you need to shift focus from simply saving money to creating a plan for reliable retirement income while also protecting your wealth.
The Social Security decision for the higher earner in an age-gap marriage is tricky, as claiming age can determine a widowed spouse's income for years.
Recent events have reminded me of the old adage: "when it rains, it pours." Car died, landscaping bills due, dishwasher died, chair died. On and on, actually, in the space of a couple of months. My re...