Income

Retirement asset allocation, am I being an idiot?

Oct 13 2024

I just moved all the allocations in our 401k to 10/25/65 Total international equity/Large Cap Value/Fixed Income Bond edit: (Pimco PIMIX). I wanted the equities to be non-tech stocks as I think they'r...

reddit.com

401k

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

You're 60 Years Old With $1 Million Saved: Can You Retire?

Oct 11 2024

The answer depends on several factors. The key is to create a plan that combines all aspects of retirement — income, taxes, health care and legacy planning....

kiplinger.com

2025 Social Security COLA and other Income data announced

Oct 10 2024

2025 COLA Adjustment Announced SSA.gov. 2025 COLA Adjustment & Other Related Income Amounts Announcement from the link: Social Security and Supplemental Security Income (SSI) benefits for more tha...

community.aarp.org

Cola

Investement Income during retirement

Oct 06 2024

I'm retiring at the end of the month (Happy Halloween!). Until I am eligible for Medicare in 3 years, I will be getting health insurance through the exchange. When I'm asked for my income, do I put my...

reddit.com

$1 Million for Retirement — Or a Longer Life?

Oct 04 2024

A new study shows that 51% of Americans prefer adding $1 million to their retirement accounts over adding five healthy years to their lives. Many Americans believe they need a six-figure income to ret...

kiplinger.com

Accounts

The Doctors Guide to Paid Medical (Physician) Surveys

Oct 03 2024

With physician surveys, you can increase your income without negotiating a raise or taking on more work. Here's how to get started. The post The Doctors Guide to Paid Medical (Physician) Surveys appea...

whitecoatinvestor.com

How To

Cash flow and retirement strategies for high earners with variable income

Oct 03 2024

Do you have three buckets handy?...

financial-planning.com

Maximizing Passive Income Streams for Financial Independence

Oct 01 2024

Many people cherish the dream of becoming financially independent, and as such, a state provides its citizens with financially determined freedom. Hence, creating several forms of passive income is on...

thinksaveretire.com

Social Security Demystified: Calculating Taxation, Provisional Income, and the Tax Torpedo

Oct 01 2024

Listener Michael asks about how Social Security is taxed, the rationale behind the 50% and 85% tax thresholds, and the implications of these taxes on Social Security and IRA withdrawals. James respond...

buzzsprout.com

Taxes

Retirement Income Strategies: IRA vs. Brokerage Withdrawals (The Tax-Smart Choice for Retirees)

Oct 01 2024

Mark asks a common question – What should I do regarding my withdrawal strategy? Should I first pull from my brokerage account or my IRA? There is no one-size-fits-all answer, but James provides...

buzzsprout.com

I Knew Money Can Buy Happiness

Sep 30 2024

In 2010, Nobel Prize winners Daniel Kahneman and Angus Deaton found that happiness rises with income up to about $75,000 a year*. After that, more income doesn’t increase happiness. However, ......

retireby40.org

7 Tips To Prepare For Your Upcoming Retirement

Sep 29 2024

Work provides more benefits than simply an income stream. To prepare for retirement, be sure to consider the non-financial aspects of retirement, too....

forbes.com

Should I keep lifetime income annuity at $20K/year? Other options?

Sep 25 2024

I know many people hate annuities (and I have mixed feelings too), but where else can I get guaranteed lifetime income with low risk for $250K to invest? I am married 65F not yet taking SS (FRA is Jan...

reddit.com

Annuities

Low-income Housing Improved but Residents Still Struggle

Sep 24 2024

U.S. house prices and rents have been rising for decades, interrupted only by the Great Recession. Rising costs have increased the already considerable burden on low-income people to pay for housing. ...

crr.bc.edu

Real Estate

Why Income Isn’t the Biggest Hurdle to Retiring Young

Sep 20 2024

Would you believe me if I told you that most millionaires don’t earn six-figure incomes? It’s true, and it’s exactly why income isn’t the biggest hurdle to retiring young. Rece...

dadisfire.com

Retiring

Don’t Undervalue Your Sources of Lifetime Income

Sep 16 2024

Kudos to the American Academy of Actuaries (AAA) for releasing a new Issue Brief encouraging public pension plan administrators to provide eligible plan members with certain reference amounts when off...

howmuchcaniaffordtospendinretirement.blogspot.com

Estimating percent of income you be need to replace: net or gross?

Sep 15 2024

With retirement calculators, they often ask you the percentage of income you need to replace. Are these based on current net or gross income? submitted by /u/Finding_Way_[visit reddit] [comments]...

reddit.com

How advisors can ease client fears of outliving retirement income

Sep 13 2024

It's key for an advisor to have a firm grasp of clients' long-term goals, how much they are spending now and how much they plan to spend in the future....

financial-planning.com

Advisors

Cuts to Social Security Benefits Could Top $21,000 for High-Income Couples

Sep 12 2024

Benefits will be slashed 21% starting in 2033 if Social Security is not fixed, according to a new report. This is how much you could lose in annual benefits....

kiplinger.com

COVID Disrupted Schools’ Role as Funnel for Federal Aid

Sep 12 2024

The Supplemental Security Income program supports more than 1 million disabled children nationwide. Poor and low-income families receive monthly cash payments of up to $943 to help with their care. In...

crr.bc.edu

Children

The Financial Benefits and Drawbacks of Working During Retirement, Ep #224

Sep 10 2024

Retirement planning is a delicate process, and you need to carefully consider your various income streams, including Social Security benefits. For those of us who plan to continue working while claimi...

financialsymmetry.libsyn.com

"old person" housing in a state that do not tax on retirement income?

Sep 09 2024

hello! I've entered my 50's and I need to start planning for housing...I just like to plan things and of course, I'm single, so it's good for me to plan, too. someone in a subreddit somewhere on reddi...

reddit.com

Taxes

Real Estate

JEPI as a Bond Substitute? Don Quixote Confronts the Windmills

Aug 30 2024

Steve Abramowitz from Humble Dollar delves into the unexpected performance of the JPMorgan Equity Premium Income fund (JEPI), a fund ... Read more...

physicianonfire.com

Trying to decide on investing in fixed income annuity

Aug 30 2024

My husband (66) will be retiring next May. I (60) am already retired. We signed on with a financial advisor a few months ago and we are working to set things up optimally for us. Recently, our financi...

reddit.com

Investing

Annuities

Lamborghini INCOME & Toyota LIFESTYLE 240829

Aug 30 2024

Episode 452: US economy continues to grow…are you? Sign up for free ALERTs & Market Commentary at: https://www.investablewealth.com/subscribe/ ----------------------------------------------...

wealthsteading.com

Lifestyle

Medicaid Expansion Opened a New Door for Disabled Blacks, Hispanics

Aug 27 2024

The Medicaid expansion in 41 states that began a decade ago has helped low-income workers in numerous ways. Millions have gained health insurance for the first time under the program, which saves live...

crr.bc.edu

Health

Insurance

A “What If” Income Solution For Retirees

Aug 27 2024

If your retirement plan assumes a thirty-year retirement, will you be able live comfortably if it turns out you’ll live another ten years beyond that? A QLAC can help...

forbes.com

Earned Income Credit and Due Diligence

Aug 26 2024

Do you know what due diligence is for claiming credits on your income tax return? If you use a preparer, you can bet he or she does. The post Earned Income Credit and Due Diligence appeared first on G...

financialducksinarow.com

The Childcare Options for a High-Income Family

Aug 26 2024

Raising kids is expensive, even if you're in a dual-income family. Here are a bunch of options for childcare for those who have high incomes. The post The Childcare Options for a High-Income Family ap...

whitecoatinvestor.com

Three Ways to Create a Stronger Income Plan for Retirement

Aug 25 2024

Rather than despairing over a lack of retirement savings, try to focus on what you can do to help ensure a more confident retirement for you and your spouse....

kiplinger.com

The Role of Continuing Disability Reviews in Child SSI Participation Patterns

Aug 24 2024

Abstract We examined descriptive patterns in the frequency of medical continuing disability reviews (CDRs) for child Supplemental Security Income (SSI) recipients. These CDRs are designed to determine...

crr.bc.edu

Retiring Early is NOT the Result of a Higher Income

Aug 23 2024

As a physician, you’re no stranger to the demands of your profession. But have you ever wondered how your financial ... Read more...

physicianonfire.com

Early Retirement

Retiring

Retirement Income Solution Debuts at J.P. Morgan Asset Management

Aug 19 2024

SmartRetirement Lifetime Income allows participants to use familiar target date funds and…...

401kspecialistmag.com

How Guaranteed Lifetime Income Increases Retiree Spending

Aug 16 2024

When retirees have more guaranteed lifetime income, they spend significantly more than those with a lot of investments....

forbes.com

Spending

Does earning a little income affect CPP and OAS

Aug 12 2024

Hi, this is a Canada-specific question. (no retirement sub just for Canada) I am planning to retire in 2 years and move out of the big smelly city back to my hometown in a rural area. Once there, I wi...

reddit.com

The Wonders of Telemedicine for a Doctor

Aug 12 2024

If you want to increase your income, telemedicine can be a viable option, and it can be done from the comfort of home. Here's what to know. The post The Wonders of Telemedicine for a Doctor appeared f...

whitecoatinvestor.com

Real Estate

Listener Q&A: Navigating RMDs, Investment Strategies, and Retirement Income Planning

Aug 12 2024

In this episode of Big Picture Retirement, Devin is joined by Alexander Davis, a financial advisor at Carroll Advisory Group, to address some of the most pressing questions from our listeners. Togethe...

sites.libsyn.com

Rmds

Reporting Income for Credit Card Purposes

Aug 10 2024

Mid 60s. Retired about a year. Income means little to me in retirement. I’m delaying social security. I decide what my income will be. Besides dividends and interest, there’s no new money ...

reddit.com

8 years left, I'm tired of working

Aug 08 2024

I worked long and hard to make it to my role now where I make $130k per year. I am 59. I'm saving 45% of income and have $225k in retirement accounts. My plan on paper is to quit working at age 67. Hu...

reddit.com

451: License to Spend: A Retirement Income Strategy That Helps Combat Longevity Risk

Aug 02 2024

You worked hard for your money. To truly enjoy that money confidently in retirement, making smart investment decisions and having a personalized retirement income strategy is key. In this episode, we ...

retirewithpurpose.com

Risks

Strategy

Employee Retirement Income Security Act Turns 50: Protecting Your Plans

Jul 31 2024

ERISA, which turns 50 this year, safeguards pensions and 401(k) plans. But it has limitations....

kiplinger.com

Best States To Retire: Fixed Income Edition

Jul 29 2024

A while ago we did an article on what states are best to retire in based on the tax situations ... Read more...

physicianonfire.com

Places To Retire

2 Ways a Harris Presidency Could Impact Social Security

Jul 29 2024

Only 17% understand how much monthly income they'll need in retirement...

401kspecialistmag.com

How Much

12 Negotiation Techniques You Need to Know

Jul 26 2024

Doctors and other high income professionals are often completely naive about the basics of negotiation. Here are a dozen tips that can help. The post 12 Negotiation Techniques You Need to Know appeare...

whitecoatinvestor.com

What Income Sources are Included for the IRMAA Calculation?

Jul 24 2024

You’ve got questions and we’ve got answers. On this episode of Retirement Answer Man, Taylor Schulte from the Stay Wealthy Podcast joins me to answer your retirement questions. Grab your e...

rogerwhitney.libsyn.com

Passive Income and Other Money Myths

Jul 23 2024

When’s the last time you saw a headline highlighting some young person making five figures of “passive income” a month? ... Read more...

physicianonfire.com

Mistakes

Why Rental Property Income Is Superior To Stock Dividends

Jul 23 2024

I'm a fan of both stock dividends and rental property income, my two favorite sources of passive / semi-passive income. When younger and less wealthy, rental property income may be preferable. As you ...

financialsamurai.com

Dividends

448: Is Historical Market Data Helpful for Retirement Income Planning?

Jul 20 2024

In what ways can past market performance help you plan for a financially confident future? It involves sifting through the data and understanding when and where that information is most applicable. In...

retirewithpurpose.com