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Will Social Security Receive a Raise in 2023?

To some degree, Social Security payments can help insulate retirement incomes against inflation. For example, the cost-of-living adjustment (COLA) this year was 5.9 percent, due to the considerable inflation we saw in 2021. But with inflation continuing to accelerate, will we see an even larger COLA in 2023? It’s possible. The Senior Citizens League has [...]

By |2022-10-03T10:03:26-05:00October 3rd, 2022|Retirement|0 Comments

Top 10 Ways Retirees Waste Money

We definitely want you to enjoy your retirement years. At the same time, living on a fixed income can be challenging for many people. And the last thing you want is to run out of savings too early. So watch out for these ten common money traps. They catch more retirees than you might think! [...]

By |2022-08-03T11:06:47-05:00August 10th, 2022|Retirement|0 Comments

5 Most Affordable States for Retirees

One of the great things about retirement is the freedom you can experience in your life. Not only can you determine your own schedule, seven days per week, because you aren’t tied to a desk anymore; you can even live wherever you want to! And that’s great news with the cost of living rising so [...]

By |2022-07-06T21:15:21-05:00July 6th, 2022|Retirement|0 Comments

This Tax Law Change Will Impact Retirees

Your retirement account helped you accumulate savings for retirement, while enjoying valuable benefits during your working years. Now it will (hopefully) provide income throughout your retirement years. Every so often, the IRS issues changes to their rules that can impact how you utilize your retirement account. This year, a new change should benefit many current [...]

By |2022-06-20T20:57:53-05:00June 10th, 2022|Retirement|0 Comments

Things to Know About Required Minimum Distributions

Much of retirement planning revolves around saving and investing for several decades. So you might imagine that when retirement arrives, all you need to do is start taking withdrawals from those retirement accounts. Not so fast! You might be surprised to learn that retirement planning continues after retirement! In particular, you should strategize your distribution [...]

By |2022-05-04T08:40:34-05:00May 4th, 2022|Retirement|0 Comments

6 Ways to Stretch Your Social Security Income

When we talk about retirement planning, we consistently stress the idea that no one should rely on Social Security to completely fund their retirement. And yet, 31 percent of working Americans have accumulated 0 dollars in savings. Many others have saved very little. And so, it appears that a number of households expect to rely [...]

By |2022-04-04T17:05:50-05:00April 4th, 2022|Retirement|0 Comments

How to Reduce Your Debt Before Retirement

Planning for retirement essentially requires you to approach your finances from both directions: How will you set up dependable retirement income, and how will you spend it so that you stay within a reasonable budget? To address that second point, entering retirement free of debt, or with as little debt as possible, is one of [...]

By |2022-02-02T08:40:33-06:00February 2nd, 2022|Retirement|0 Comments
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