Personal finance

Want a secure retirement? Make these moves in your 40s.

Many people worry about having enough money to live on during retirement. And that’s an understandable fear. Living costs have been soaring lately due to inflation. While the increases we’ve seen have been extreme, the reality is that expenses tend to rise over time. As such, if you’re in your 40s and are several decades …

Want a secure retirement? Make these moves in your 40s. Read More »

What Medicare Part A’s Belly-Up Date Means for You | Personal Finance

Kate Ashford, CSA® At its current pace, Medicare’s Hospital Insurance trust fund will run out of money in 2028, according to the June 2022 Medicare trustees report. That’s a two-year extension on the previous estimate, but experts say it’s still not good news, and the government needs to stop twiddling its thumbs. Here’s what you …

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Is Relocating in Retirement the Right Choice for You? | Smart Change: Personal Finance

(Christy Bieber) If you are retiring soon or have already left work, you will need to decide where to live for your later years. While you could stay where you are, relocating sometimes makes sense. Is a move right for you? Here’s how you can decide. Image source: Getty Images. 1. Do you want to …

Is Relocating in Retirement the Right Choice for You? | Smart Change: Personal Finance Read More »

What Medicare Part A’s Belly-Up Date Means for You | Personal finance

Kate Ashford, CSA® At its current pace, Medicare’s Hospital Insurance trust fund will run out of money in 2028, according to the June 2022 Medicare trustees report. That’s a two-year extension on the previous estimate, but experts say it’s still not good news, and the government needs to stop twiddling its thumbs. Here’s what you …

What Medicare Part A’s Belly-Up Date Means for You | Personal finance Read More »

How To Refinance Your Mortgage | Smart Change: Personal Finance

Brai Odion-Esene – Forbes Advisor There are several reasons why you might choose to refinance your mortgage, such as if you can qualify for a lower interest rate or pay off your mortgage faster. But before you proceed, it’s important to understand the potential downsides as well as exactly what the entire process entails. If …

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Don’t Take Even $1 Out of Your Retirement Account Until You’ve Taken This Important Step | Personal finance

(Christy Bieber) When you enter retirement, you are going to have to start taking money out of your 401(k) or other investment accounts. This requires a huge mindset shift, since you’ve been building these accounts up your whole life. And you need to be smart about when and how much you withdraw. Before you start …

Don’t Take Even $1 Out of Your Retirement Account Until You’ve Taken This Important Step | Personal finance Read More »

2 Big Reasons Why Social Security Fails Elderly | Smart Change: Personal Finance

(Katie Brockman) Social Security advantages are a lifeline for hundreds of thousands of retirees. Actually, almost 23% of workers count on their month-to-month checks to be their main supply of income in retirement, in response to a 2022 report from the Transamerica Middle for Retirement Analysis. Nevertheless, Social Security is not as dependable because it …

2 Big Reasons Why Social Security Fails Elderly | Smart Change: Personal Finance Read More »

1 in 5 Americans Still Make This Rookie Mistake When Retirement Planning — Don’t Join Them | Smart Change: Personal Finance

(Kailey Hagen) There are plenty of ways you can go wrong with retirement planning. You can wildly underestimate the length of your retirement or spend too quickly once you get there. You could also forget to budget for costly but common expenses. Among the most devastating retirement mistakes is one that’s often overlooked because it’s …

1 in 5 Americans Still Make This Rookie Mistake When Retirement Planning — Don’t Join Them | Smart Change: Personal Finance Read More »

Don’t Take Even $1 Out of Your Retirement Account Until You’ve Taken This Important Step | Smart Change: Personal Finance

(Christy Bieber) When you enter retirement, you are going to have to start taking money out of your 401(k) or other investment accounts. This requires a huge mindset shift, since you’ve been building these accounts up your whole life. And you need to be smart about when and how much you withdraw. Before you start …

Don’t Take Even $1 Out of Your Retirement Account Until You’ve Taken This Important Step | Smart Change: Personal Finance Read More »

Don’t Take Even $1 Out of Your Retirement Account Until You’ve Taken This Important Step | Smart Change: Personal Finance

(Christy Bieber) When you enter retirement, you are going to have to start taking money out of your 401(k) or other investment accounts. This requires a huge mindset shift, since you’ve been building these accounts up your whole life. And you need to be smart about when and how much you withdraw. Before you start …

Don’t Take Even $1 Out of Your Retirement Account Until You’ve Taken This Important Step | Smart Change: Personal Finance Read More »