Archive | Retirement

credit score, retirement, taxes

3 Ways To Reduce Taxes On Social Security

Social Security benefits were once tax-free. That changed in 1983, when Congress decided to tax a portion of benefits for the highest-income recipients.

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Couple, retirement

How To Plan For Retirement Together

Retirement is an exciting time for couples, with the promise of more freedom and more time to spend together. It’s also a major lifestyle change that should be planned for both emotionally and financially.

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Posted in Active Living, Healthy Lifestyle, Retirement, Your Money0 Comments

credit score, retirement, taxes

Saving For Retirement Just Got More Complicated

The Secure Act 2.0 legislation that passed late last year added new retirement savings options but also has a few potential catches for unsuspecting savers.

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Posted in Finance & Work, Retirement0 Comments

financial, work, estate, retirement, IRA

Can a Nursing Home Take Our IRA?

My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets.

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Money, retirement, life expectancy

Retirement Crisis: Older Americans Struggle to Afford Life After Work

Rethink that retirement party. More and more, seasoned workers are defying expectations and staying put in the workforce for a compelling reason-they simply can’t afford to retire.

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Social Security, Social, retirement age

New Social Security Plan Could Raise Full Retirement Age

A group of Senators is working on a plan to shore up Social Security by potentially raising the full retirement age, along with other changes to how Social Security benefits are financed.

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