Retirement Budget News, Information and Guidance

total financial independence

15 Important Lessons from Regular People Who Have Achieved Total Financial Independence

Most people struggle and worry about being able to retire in their mid to late 60’s. At that point, you are expected to have hundreds of thousands (maybe even millions) of dollars in your retirement accounts, get additional money from Social Security, and also get some government assistance with healthcare insurance. And, even then retiring…

scarcity

Scarcity: Don’t Let it Steal Your Retirement

Scarcity can be a big problem in all kinds of situations, including retirement. You’re busy – probably more so than you’ve ever been. There are meetings to attend, important emails unread, and looming deadlines that seem more and more impossible with each passing day. You have absolutely no time to yourself, and you do everything…

6 Ways to Overcome the Terror of Spending Your Retirement Nest Egg

You were probably a teenager when it happened – the moment when you opened your first paycheck and officially started the cycle of earning and spending your own money. Since then, the following process has never stopped: Work. Earn money. Spend some. Save some (hopefully)… Repeat. And now, just because you are ready to retire,…

spend safely in retirement strategy

Want Reliable Retirement Income? Use the Spend Safely in Retirement Strategy

One of the biggest fears you probably have about retirement is will your money last as long as you do. It is likely that you are also asking: How much can I spend?  How much do I need? How much do I actually have? There are so many questions. Good news: the Stanford Center on…

Managing money retirement

10 Great Money Management Tips for Your Retirement

In some ways, managing money in retirement gets a little easier than before.  You only have the money you have, so your options are somewhat simpler and more limited.  On the other hand, the rules of money management shift in retirement so it may seem more complicated to you. No matter whether you find it…

shopping tricks

Spend Less & Save More by Resisting these 10 Sneaky Shopping Tricks

You’ve probably heard the standard money-saving advice: If you want to save money, eat out at restaurants less and cook at home more. But it’s almost as easy to blow your budget at the grocery store as it is when dining out. Stores use some crazy shopping tricks to make you buy more. You know…

retirement income 2018

Average Retirement Income 2018: How Do You Compare?

There is some good average retirement income 2018 news. According to research from Boston College, the percentage of retirees who are at risk of falling short in retirement decreased from 52 to 50 percent. Okay…  that is not really tremendously good news. It is indeed a very modest gain. But, the small improvement at least means…

how to make money in retirement

How to Make Money in Retirement: 14 Real and Really Easy Ways to Boost Income

Regardless of where you are in life, it’s always nice to make some extra money.  And that is especially true in retirement. But, how to make money in retirement when your supposed to be simply enjoying the easy life?  The retirement gigs listed below won’t be quite enough to cover retirement expenses, but they won’t…

help for seniors with low income

Help for Seniors with Low Income: Government Benefits and More!

A recent study by the Commonwealth Fund found that seniors apply for low income benefits at significantly lower rates than other demographics – even though there are greater out of pocket health care expenses and usually fewer alternatives like additional work to fund these needs. Need a helping hand? Find help for seniors with low income While…

Year End Tax Advice

Don’t Forget Required Minimum Distributions and Other Year End Tax Advice for Retirees

Ah, the holidays. The festive time for family gatherings, great food, a little sparkle… and year end tax advice.  As if the season wasn’t hectic enough, this is the time you need to make sure that you do everything you can to minimize your tax burden. Make room in this hectic season for following year…