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New RMD Rules Begin in 2023

You might recall that in 2019, Congress passed the SECURE Act. The new laws enacted a number of changes to how retirement accounts are utilized, with the age for required minimum distributions changed from 70 ½ to 72. Now, the SECURE 2.0 Act has again bumped that age, up to 73 this time. Then, the [...]

By |2023-03-02T11:07:12-06:00January 7th, 2023|Retirement|0 Comments

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
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