Income
Showing 50 results of 432
Month of Election
Jun 05 2025
I'm retiring on September 30, 2025. If I select September as the month of election, my income for that month will exceed the $1950 limit resulting in no payment due in October. Since I won't have any ...
community.aarp.org
What Does It Really Take to Retire Rich?
Jun 04 2025
With enough time and consistency, even an average income can lead to a wealthy retirement....
kiplinger.com
The Hidden Dangers of Earning Risk-Free Passive Income
Jun 04 2025
I’ve been focused on building passive income since 1999, back when I had to be in the office by 5:30 a.m. and worked past 7 p.m. often. Weekends were another eight hours or so. I knew I couldn&r...
financialsamurai.com
Income Lab Launches Social Security Modeling Tool
Jun 02 2025
Today’s announcement comes on the heels of President Trump’s Executive Order to make U.S.…...
401kspecialistmag.com
What Percent of My Income Should I Invest If I Want to Retire Early?
Jun 02 2025
I get asked this all the time: “What percent of my income should I invest if I want to retire early?” But that question misses the point. There’s no golden percentage. No magic numbe...
dadisfire.com
How One Widow Nearly Missed Out on $213,000 in Social Security
May 30 2025
Losing your partner often means losing 30% to 50% of your household income. This financial adviser emphasizes that planning ahead and understanding the rules surrounding survivor benefits can help....
kiplinger.com
20 Online Skills Retirees Are Using To Make Extra Income From Home
May 29 2025
Not everyone wants to sit still in retirement. It sounds relaxing, until prices go up, healthcare surprises you, or boredom kicks in. That’s why more retirees are figuring out ways to stay busy ...
dadisfire.com
The 10 cities where retirees receive the highest income
May 28 2025
Retiree income in the U.S. lags far behind the national median for household earnings, but these top cities are bucking the trend, according to a new SmartAsset study....
financial-planning.com
18 Side Hustles You Can Start With No Money or Experience
May 27 2025
Most people think they need money, skills, or some online course to start making extra income. That’s false. You don’t need a business plan, a fancy degree, or a TikTok following. You need...
dadisfire.com
A 401(k) with Lifetime Income That Never Runs Out
May 23 2025
In addition to traditional holdings, employees want retirement plans that offer options for converting savings into guaranteed monthly income that never runs out....
kiplinger.com
Now that I'm on a fixed income.
May 17 2025
My employer paid me weekly. That meant 4 months a year, I would get an extra paycheck. I loved those months! My wife got paid bi- weekly, so she would get an extra check twice a year. ( those were goo...
reddit.com
What Income and Assets Should Count for [whatever] Benefits?
May 17 2025
There is no debate that a senior that has little income and NO other liquid assets would qualify for most all, if not all, helping-hand benefits like SNAP, Section 8, Medicaid. Low income is defined a...
community.aarp.org
What happens if I “live too long” and am in need of assisted care?
May 16 2025
I am 61 years old, single man and likely not going to find a partner to take care of me or double my income with. Looking at my timeline, I can’t collect SS before 67 (full retirement) due to th...
reddit.com
How to allocate a RRIF for secure income in retirement
May 14 2025
Should you hold equities? Fixed income? An annuity? Or all three? Financial advisors debate the options in today’s “tariffied” environment. The post How to allocate a RRIF for secure...
moneysense.ca
499: Retirement Income Strategies to Quell Inflation Fears and Spend Comfortably with David Blanchett
May 12 2025
Today, I'm thrilled to welcome David Blanchett back to the podcast. David is the Managing Director and Head of Retirement Research at PGIM DC Solutions and one of the most respected voices in retireme...
retirewithpurpose.com
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
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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.