Weekend Reading: What Retirees Get Right About Their Income
We might not truly know what our financial future looks like, but the good news is, retirees are still managing to successfully recognize their income needs, even when it means stretching researched rules.
Weekend Reading: What Investors Should Understand About Psychology
It’s human nature to have ingrained, psychological biases, but part of being a good investor involves acknowledging that bias.
Weekend Reading: Deconstructing the Complexities of Decumulation
If you’re having trouble grappling with the thought of spending your lifelong savings in retirement, you’re not alone. It might have something to do with the amount of focus we often put on saving, while spending (the decumulation phase) takes the back seat.
Weekend Reading: How to Prepare for a Retroactive Capital Gains Tax Hike
You’ve more than likely heard the Biden administration’s proposal to raise the capital gains tax on high-income earners, but what about that hike being retroactive? Although Congress has yet to make an official decision, it’s possible, and could mean the date for these increases has already passed.
Weekend Reading: Want a Happy Retirement? Have At Least This Many Hobbies
You inevitably have several activities or subjects that spark your interest, but when it comes to a fulfilling retirement, just how many hobbies do you really need? According to this article, 3.6 is the magic number.
Weekend Reading: HSAs — Beyond the Triple Tax Advantage
Do you have a Health Savings Account (HSA)? If so, you’re probably aware from a high level how this savings vehicle works in the way of tax efficiency, but more saving opportunities await beneath the surface that you might want to consider.
Weekend Reading: Are You Emotionally Ready to Retire? Eight Questions to Ask Yourself
Retiring on your own terms is the ultimate financial end-goal; however, deciding when to make that transition can be difficult. Money aside, you need to have the right mindset, and that means getting in tune with how you feel right now, as well as understanding how this change will impact your partner.
Weekend Reading: The Benefits of Having a Schedule in Retirement
The transition from your career to the wide-open landscape of retirement can become all the more seamless with the simple inclusion of a schedule.
Weekend Reading: 6 Ways to Help Clients Avoid Medicare's IRMAA Surcharges in Retirement
Retirees are filing for bankruptcy more today than ever before, and surging medical care costs can be partially to blame.
Weekend Reading: Social Security Checks on Track for Their Biggest Annual Boost Since 2009
Listen up, Social Security recipients! You could soon see an increase in your monthly checks if current economic trends continue.
Weekend Reading: Getting the Goalpost to Stop Moving
This article opens with one steadfast rule when it comes to money: “If expectations grow faster than income, you’ll never be happy with your money.”
Weekend Reading: Your Residence is Your Retirement
Should your future living arrangements be included in your full retirement plan? Past Retire With Purpose podcast guest, Steve Parrish, seems to think so.