Dragon Images / Shutterstock.com Besides the third round of stimulus payments, multiple expanded tax credits for parents are perhaps the most widely known provisions of the COVID-19 relief bill that President Joe Biden signed into law on March 11. But the expansive legislation, formally known as the American Rescue Plan …
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Photo by buritora / Shutterstock.com How does the adage go? With age comes … new ways to save on taxes. While you can’t stop filing taxes just because you retire, being a retiree often means you can claim some worthwhile tax credits and deductions. In some cases, these tax breaks …
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Monkey Business Images / Shutterstock.com The most successful retirees seem to have it all: not just financial security, but also health, happiness and peace of mind. How do they do it? Here are habits, approaches and characteristics that can help put you on the track to success in retirement. 1. …
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Photo by Nadino / Shutterstock.com If you are a retiree who finds it tough to make ends meet, join the club. Retiree households had an estimated median income of just $ 29,000 before taxes in 2019, according to the 20th annual Transamerica Retirement Survey of Retirees. Even worse, just over …
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Photo by CREATISTA / Shutterstock.com Retirees will see their Social Security payments increase by 1.3% in the new year on account of inflation. Yet, this latest annual cost-of-living adjustment could end up costing some retirees. For those who do not currently pay federal income taxes on their Social Security benefits, …
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Photo by Rido / Shutterstock.com Social Security recipients hoping for more cash to spend in 2021 are sure to be disappointed by the Oct. 13 announcement from the Social Security Administration. One year after receiving a measly increase in their benefits, recipients now face an even smaller 1.3% cost-of-living adjustment, …
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1476516671 / Shutterstock.com One scary part of retirement is knowing you could have 30 more years in front of you but only a limited amount of cash available to finance them. How do you make sure your retirement account doesn’t run dry before saying your final goodbye? Well, there are …
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Josu Ozkaritz / Shutterstock.com Retirement often involves a dramatic shift in priorities and where we spend our time. We move from knowing where the largest part of our days will be spent — at work, as it has been for decades — to figuring out something new to do with …
Read More »pikselstock / Shutterstock.com Choosing where to retire can be an exciting decision, a challenging one or perhaps both. We all want somewhere affordable that can support good quality of life within our budget, and somewhere with excellent health care. And we may have personal priorities, such as living close to …
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