Income

Showing 50 results of 417

No pension? No problem! A secret to lifelong retirement income.

May 10 2025

To read this story on KSL.com, click here. “If you don’t have a pension, you could face one of the biggest risks in retirement today,” warns financial advisor Ryan Thacker.…...

bossretirement.com

Secrets to Minimizing Taxes on Your Retirement Income (Ep. 17)

May 10 2025

Why are taxes one of the biggest retirement expenses, and how can you minimize them? Join Ryan and Tyson Thacker for an episode of Retirement Solutions The Podcast as they…...

bossretirement.com

13 Subtle Behaviors That Boost Your Income Faster Than Any Credential

May 07 2025

Skills get your foot in the door. Behavior decides what happens next. It’s not always the smartest or most experienced who move up, it’s the ones who consistently show up with the habits t...

dadisfire.com

Retiring at 64 this year and have a question about SS income.

May 07 2025

I have a couple questions and I was hoping the knowledgeable people here may be able to answer. If I retire in October, when I turn 64, does the income I made all year up to that point, ( which will b...

reddit.com

Eight Ways Retirees Can Have Fun Despite Rising Prices

May 03 2025

Higher prices are a bummer for everyone, but if you're a retiree or on a fixed income, how do you still have a good time without breaking the bank?...

kiplinger.com

Could Remote Work Delay Your Retirement?

May 02 2025

Remote work is terrific for your health and income. You're also likely to retire later, which might convince your employer to let you work from home....

kiplinger.com

The Income Limit To Qualify For College Scholarships And Grants

Apr 30 2025

If you’re a personal finance enthusiast with kids, you’ve probably wondered: at what household income level will colleges stop offering scholarships and grants (i.e., free money) to help y...

financialsamurai.com

17 Smart Ways Kids Can Make Money and Manage It Wisely

Apr 30 2025

Kids aren’t too young to understand money, they’re just not being shown how it actually works. Most schools don’t teach it, and most parents wait too long. But the truth is, kids are...

dadisfire.com

Recent Case Evaluates Whether Mom’s Transfer To Son Was A Loan Or Gift

Apr 30 2025

Family loans are a common transaction that if not handled properly could create IRS issues for gift, estate or income tax, and issues with creditors or ex-spouses....

forbes.com

Exploring Guaranteed Income in DC Plan Trends with Allianz Life’s Matt Stubblefield

Apr 29 2025

The integration of guaranteed lifetime income solutions into workplace retirement plans…...

401kspecialistmag.com

Schwab Introduces Income Lab

Apr 29 2025

Advisors using Income Lab can access their client information from the Schwab Advisor Center...

401kspecialistmag.com

Despite Interest in Lifetime Income Options, Plan Sponsors Lag Behind

Apr 29 2025

NAPA 401(k) Summit panel explores why lifetime income options remain in such low demand, and…...

401kspecialistmag.com

Taxable Income, Dividends, Roth & SMA: What's Missing in Your Early Retirement? - 527

Apr 29 2025

What are the pros and cons if Chip uses the money in his taxable brokerage account for early retirement income? Jack and Sally ask Joe and Big Al to spitball on whether they can retire around age 55 o...

purefinancial.com

17 Underrated Side Hustles That Actually Make Good Money

Apr 28 2025

The smartest side hustle often isn’t the loudest one. It’s the one that quietly fills your wallet without wrecking your schedule or burning you out. Real side income isn’t about hype...

dadisfire.com

To Stay on Track for Retirement, Consider Doing This

Apr 27 2025

Writing down your retirement and income plan in an investment policy statement can help you resist letting a bear market upend your retirement....

kiplinger.com

7 Common Disposable Income Mistakes to Avoid in 2025

Apr 25 2025

Having money left after taxes is a good thing, but spending it without a plan? That’s where many people can go wrong. Disposable income is not the same as discretionary income. Disposable income...

401kmaneuver.com

17 Income Streams That Often Create Self-Made Millionaires

Apr 25 2025

There’s no shortage of people online bragging about becoming a millionaire overnight. Most of it’s noise. Real wealth isn’t built in a weekend, it’s built with smart moves, pat...

dadisfire.com

Retirement Planning: Income Replacement Or Lifestyle Spending Method?

Apr 25 2025

Should you choose income replace or lifestyle spending for your retirement planning methodology? We explore the challenges of people with unpredictable income growth....

forbes.com

Inbox Question | Running a Business & Collecting Benefits: What Counts Toward the Earnings Limit?

Apr 24 2025

In this inbox episode, we break down how the Social Security earnings limit works—especially for C corp owners who split income between salary and dividends. Learn what counts toward the limit, ...

sites.libsyn.com

Income And Net Worth Required To Afford A $10 Million Home

Apr 23 2025

To celebrate the launch of my new book, Millionaire Milestones: Simple Steps To Seven Figures, on May 6, 2025, I thought it’d be fun to explore various millionaire topics leading up to the relea...

financialsamurai.com

What Does Medicaid Have To Do With Older Adults Anyway?

Apr 22 2025

Medicaid spends more than half its budget on medical and long-term care for frail, low-income older adults and younger people with disabilities....

forbes.com

High State Income Taxes: The Ugly, the Bad, and the Good

Apr 14 2025

Last year, I paid six figures worth of state taxes. How can I justify continuing to live in this state when it costs so much money to do so? The post High State Income Taxes: The Ugly, the Bad, and th...

whitecoatinvestor.com

Building Retirement Income Streams as a Physician: Strategies and Tactics

Apr 14 2025

Physicians dedicate decades to mastering their craft, often contending with prolonged training and demanding careers with the expectation of financially ... Read more...

physicianonfire.com

How to Make Money Online for Beginners: 10 Easy Options for 2025

Apr 14 2025

How to Make Money Online for Beginners: 10 Easy Options for 2025...

thinksaveretire.com

23 Passive Income Moves That Pay Off (Even with Little to Invest)

Apr 13 2025

Most people aren’t broke because they don’t make money. They’re broke because they only make money when they work. The moment the job stops, so does the income, and that’s the ...

dadisfire.com

Are You Really Middle Class? 23 Clues Someone Is In The Middle Class

Apr 13 2025

Middle class. You hear the term all the time, but what does it really mean? Is it about income, mindset, lifestyle or just surviving while everyone else looks rich on social media? Most people think t...

dadisfire.com

A Confident Retirement Starts With These Four Strategies

Apr 13 2025

Work your way around income gaps, tax gaffes and Social Security insecurity with some thoughtful planning and analysis....

kiplinger.com

I'm late in my working life, how do I decide if it is a good idea to try to reach 40 credits?

Apr 10 2025

I am 64 years and have earned only 29 credits towards Social Security because I have spent much of my working life in Canada after marrying a Canadian. In 2024, I began earning US 1099 income (plus Ca...

community.aarp.org

Little-Known Ways to Guard Your Retirement Income

Apr 08 2025

Is your retirement income safe if stocks continue to plummet? Most retirees don't know these reliable options to limit their market exposure....

kiplinger.com

Annuities: Do You Need Guaranteed Income In Retirement?

Apr 08 2025

Annuities are now an option in some 401(k)s but that doesn't mean they should be included in your retirement plan....

kiplinger.com

Anyone doing day trading for supplemental income?

Apr 05 2025

I am thinking about things I would like to do when I retire to for hobby level activities, and one of the things that I am considering is doing small scale day trading. I am not looking to make substa...

reddit.com

Losing SSI at 18 Might Impact Access to Medical Care

Apr 03 2025

The families of more than 1 million children and teenagers with serious physical and intellectual disabilities are receiving Supplemental Security Income, or SSI. But a 1996 reform made it harder to k...

crr.bc.edu

Working While Studying: Can They Build Passive Income?

Apr 03 2025

Working While Studying: Can They Build Passive Income?...

thinksaveretire.com

A Dividend Income Portfolio Update

Apr 03 2025

This week’s blog post points to my latest YouTube video where I share an update on my two taxable dividend income portfolios. The combined portfolio pays me about $13,633 per year in dividend in...

retirebeforedad.com

How Senior Side Gigs Turn Hobbies Into Income In Your Golden Years

Mar 31 2025

Many seniors are finding success with side businesses that leverage their lifelong hobbies. Find out how you can do the same....

forbes.com

RMD Deadline April 1: Five Tax Strategies to Manage Your 2025 Income

Mar 30 2025

The April 1, 2025, deadline for required minimum distributions (RMDs) is fast approaching for retirees who turned 73 in 2024....

kiplinger.com

Get Rich the Lazy Way: 18 Easy Passive Income Strategies

Mar 29 2025

Making money while you sleep isn’t a fantasy, it’s a strategy. Passive income builds wealth without trading hours for dollars, giving you more freedom to live on your terms. The right inve...

dadisfire.com

How Using Guaranteed Lifetime Income Research Can Grow Your Book of Business

Mar 27 2025

Session at Retirement Plan Advisor Summit Central emphasizes that their advisor is the…...

401kspecialistmag.com

IRA Rules at a Glance: Contribution Limits, Income Limits and Rollover Options

Mar 25 2025

Here are IRA contribution limits, income limits and rollover rules for Roth, traditional, SIMPLE and SEP IRAs at a glance....

kiplinger.com

Choosing Your Retirement Income Style and Top 5 Ways to Manage Market Volatility - 522

Mar 25 2025

What is your retirement income style? Dr. Wade Pfau, CFA, RICP®, is the co-founder of RISAprofile.com, providing investors with retirement income style awareness. He returns to Your Money, Your We...

purefinancial.com

Why many retirees REGRET relying on Social Security Income

Mar 25 2025

Relying too much on Social Security? You’re not alone—over 40% of retirees count on it for at least half their income. But that safety net has some major gaps. In this video, I break down ...

buzzsprout.com

Uncovering Americans' average retirement income

Mar 20 2025

The average retirement income for U.S. adults 65 and older is $83,950. See how income changes through retirement years....

empower.com

The new baby boom: Inside the $358 billion product market

Mar 20 2025

Babies are big business: The global baby products market was estimated at $357.9 billion in 2024, with two-income families in the U.S. spending as much as $23,380 yearly on average bringing up babies....

empower.com

Which for retirement: Single-Life Annuity or Level Income Annuity?

Mar 20 2025

I am just starting the road to retirement. I'm 65. I have a pension that will be 451 dollars every month when I start getting it after I officially retire in July 1. But applying for social security i...

community.aarp.org

Seven Sources of Non-Taxable Retirement Income in 2025

Mar 19 2025

Leveraging non-taxable income in retirement can help preserve your hard-earned money....

kiplinger.com

Equities vs fixed income for retirement next year

Mar 19 2025

Retireing in a year need advice on equities vs fixed income I am working at 76 for another year since the sale of my business payoff required another year of my presence. Wife retired a few months ago...

reddit.com

Safe Savings Rate — What Percentage of My Income Should I Save for Retirement?

Mar 16 2025

Are you hoping to retire one day? How much do you need to start saving? Here's what percent of your income you need to put away. The post Safe Savings Rate — What Percentage of My Income Should ...

whitecoatinvestor.com

7 in 10 Retirees Over 70 Receive Income from 401(k)s or IRAs

Mar 15 2025

New ICI research finds voluntary retirement system is in fact working as designed...

401kspecialistmag.com

Gen Z Total Income Stretches to $1.1T

Mar 15 2025

Still, close to half continue to live with parents due to inflation, rising home rates, and debt...

401kspecialistmag.com

Living Solely on Portfolio Income in Retirement: Can it Be Done?

Mar 13 2025

Relying only on portfolio income is achievable for high-net-worth individuals and those with the right mix of investments. Is it for you?...

kiplinger.com

About Income

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. There are several sources of retirement income, including:

Social Security: Social Security is a government-provided retirement benefit for workers who have contributed to the program through payroll taxes. The amount you receive from Social Security will depend on your work history and earnings.

Pension: A pension is a regular payment that you receive from an employer or other organization after you retire. Pensions can be defined benefit plans, which pay a fixed amount based on your salary and years of service, or defined contribution plans, which depend on the contributions you and your employer make to the plan and the investment returns earned.

Personal savings and investments: Retirement income can also come from the money you've saved in personal savings accounts, such as a traditional or Roth IRA, or from investments in stocks, bonds, mutual funds, or other securities.

Part-time work: Some people choose to work part-time during their retirement years to supplement their other sources of income.

It's important to consider all of these sources when planning for retirement and to consider factors such as inflation, which can erode the purchasing power of your retirement income over time. A financial advisor or planner can help you create a retirement plan that takes into account your specific needs and goals.