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Women's longer life expectancies mean their long-term care coverage should feature longer benefit periods, higher payout amounts and robust inflation protection.
On another thread someone mentioned selling their large home upon retiring and using the proceeds to rent an apartment. I've also seen posts of people selling their larger home and purchasing a condo,...
I'm probably going to stop working at age 66. I'm curious about the idea of withdrawing from my IRA / Roth IRA after I stop work and delay SS until age 70. Im not married. Im not from a family that li...
My husband retired in 2008 at 62. I retired in 2022 at the age of 72. He is bored - I am not. He expects me to be his entertainment committee and frankly, it is not a job I want. We tried playing card...
My husband and I are retired at 60/61. We are trying to bridge the gap between today and Medicare. Today I developed a plan to take a large withdrawal this year and limit income over the next three ye...
Recently spent a weekend with another couple and they are all retired (or never worked) and I was the only one still thinking about an upcoming biz trip, call the next morning, etc. They were all youn...
How is your Social Security benefit actually calculated? In this episode, Roger explains how you qualify for retirement benefits, how your earnings history determines your benefit, and why the age you...
I retired a few years ago and have been the FT caregiver for my BFF (spouse) as we navigate Alzheimer’s. Unfortunately my wife has lost interest in many things and I stopped also. I averaged over 10,0...
Schedule a Free Financial Assessment with an experienced professional: https://bit.ly/YMYWassessC Today on Your Money, Your Wealth® podcast 598, Joe Anderson, CFP® and Big Al Clopine, CPA spitball ear...
At the end of the year, I am retiring at 60 (wife retired last year). We have a 5 year pension that starts in January and essentially replaces my income. We have always lived below our means and will ...
My husband and I want to get out of NYC for the month of February this winter. This will be our first time, and we’re looking for recommendations. We want to go anywhere other than Florida or Arizona....
Two people, same age, same savings, same expenses. One files for Social Security at 62. The other waits until 70. Everyone knows the one who waits gets a bigger check. Almost nobody looks at what's ha...
Considering retiring next year. After bills we're looking at roughly $900 to $1,000 "extra" cash each month. VA, SS, 401k distribution and pensions are the income streams. Bill include setting aside f...
I'm 63 and started collecting Social Security this year. I had a heart attack last year that did some permanent damage. I still work 2 days a week in HVAC. And pretty much light duty. I have a IRA wit...
Social Security is one of the most important pieces of a retirement plan, but how does the system work, and will it remain financially viable for future retirees? Roger begins a five-week series on bu...
My (M58) and my wife’s (F57) parents are in their 80s. My parents have sacrificed throughout their lives and have built a very substantial nest egg with my father’s financial expertise and planning. M...
I will be 62 in about 2 months and thinking of retirement. We moved back up north to help her family during Covid but I am originally from the south and we lived 20+ years in Florida. I prefer the war...
Tuesday, August 18 - Monday, August 24, 2026 Most Commented score comments title & link 336 221 comments How to dump stuff and downsize 33 48 comments Foreign travel- no bucket list, desires fluctuate...
It’s horrible to have all those dreams so mercilessly set aside when one partner leaves before you get to enjoy retirement together. But it happens. And when it does, the surviving partner has to adju...
Spouses who collect substantial Social Security benefits may see a significant drop in income when one dies. These annuities can help make up for the loss.
Your finances may be ready to enter your second act, but retirement coach Joe Casey explains why the bigger question is whether you've prepared for the life, relationships, health, learning, and fun t...
Assumptions regarding how long you and your spouse, if you have one, plan to survive in retirement are central to determining your funded status. These assumptions — your lifetime planning period assu...
When a spouse dies, wrapping up their financial affairs too quickly can make your own life more complicated. In fact, few decisions must be made right away.
I wrote this post because I needed a kick in the pants. I was finishing my fifth straight day of seven to nine hours of nonstop childcare, plus three posts and a newsletter, and I still had four more ...
So, back in the day I used to breed reptiles. Lizards specifically. I don’t have a phobia of snakes or anything, but they just don’t do anything for me. I always felt like lizards have a personality. ...
If you start optimizing your taxes now, you can head off the inevitable tax consequences waiting for you when RMDs kick in — and when your family inherits.
I’m of the mind that downsizing is more about liberation from stuff than it is about square footage in the home. My wife and I found that it was much harder to do this item by item and much easier to ...
This Summer Replay revisits Roger’s 2018 conversation with Gretchen Rubin about the Four Tendencies and how understanding your personality can help you create a retirement plan and daily life that tru...
My wife and I own a home in Middle GA and we like it here but we are open to moving to place with: affordable housing (buy probably, comfortable but not fancy, no HOA, ), safe, clean, low cost of livi...
It's that time of the year where taxes become top of mind as people look through income over the past year to get their filing in order, but taxes need to be at the forefront of your financial plannin...
Im 63F with a great job, making good money with a great work retirement savings plan. Spouse is already retired for 6 years. We have enough money between the 2 of us to be fine if I retire now. The is...
I just don't enjoy what I do anymore. I'm only 61 and in great shape. My finances are set and I'll go on my wife's insurance until medicare. However, my wife will still be working for a few years to k...
When inheriting an annuity, a beneficiary who isn't a spouse can face a big tax bill. Choosing annuitization or the "stretch" option lets you soften the blow.
I gave notice to my employer. I am going to stay long enough to help select and transition my replacement, probably 6-10 weeks. This gives me time to ensure I have things buttoned up to be truly retir...
So many posts on retirement subs focus on financial readiness and strategies. I found that the more challenging questions about the transition to retired life had little to do with finances. Where am ...
According to an Indeed Hiring Lab analysis, women now hold more payroll jobs than men in America. It's only the third time this has ever happened. The first two times, during the Great Recession and j...
Free retirement training for people within 10 years of retirement and $1M+ saved. Watch “The Sequoia System Training” here: https://learn.rootfinancial.com/ad021b ======================= I've spent 15...
Hello, all: When I retired at the end of May 2024, I was under 65, but my wife was not - she started Medicare Parts A, B, and D June 1, 2024. Because of my pre-retirement income, she was slapped with ...
Even people who work in financial services have questions when a layoff happens right before retirement. Here are five issues that need to be addressed.
I am 68 and my wife is 72. We have no children. We have a few nieces and nephews but have not seen any of them in several years. Our net worth is about $1.8M with a paid off home worth about $425K. We...
I'm 61 and still working full time. My spouse is 52 and also works full time. Both of us have always had health insurance through my employment and her company has none at all (small family business.)...
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...
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...
My wife will be 67 yrs old this sept, she want's to file for he SS now but will still continue to work full time she has medical insurance from work does she have to apply for medicare now or when?
My husband and I have found ourselves just a few years from retirement and realizing our adult children are not yet financially independent and struggling in today's economy. Can any of you relate to ...
claiming Social Security early has a benefit that is rarely discussed. The combined annual benefit for my wife and I is about $45,000. Drawing this amount instead of withdrawing this from our IRA, all...
The backstory, so you understand how I got here: My brand-new husband died unexpectedly six and a half years ago (right before covid), and had no life insurance. Luckily, I make good money, so it didn...
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...
I've been retired for 7 years and enjoying retired life completely, and while describing work as fun seems weird, I do miss parts of my old job. Now, there's an opportunity go back as a consultant for...
When "The Real Housewives of New York" star's husband passed away, Medley found herself in charge of overwhelming financial details. How can you avoid that?