Photo by Volodymyr TVERDOKHLIB / Shutterstock.com A majority of retirees — 53% — have a last will and testament. But most lack six other crucial legal documents. In fact, amid the coronavirus pandemic, 30% of retirees have none of these crucial documents — not even a will — according to …
Read More »8 Jobs That Employers Most Often Want Retirees to Do
Photo by stockfour / Shutterstock.com Workers who are older understand the challenges of trying to land a good job. Many employers seek out younger candidates, even if age discrimination itself is illegal. In some cases, though, businesses are looking for more-experienced workers to fill certain roles. The Center for Retirement …
Read More »7 Surprising Ways Retirees Waste Their Savings
shurkin_son / Shutterstock.com Retirees usually have a limited amount of money to spend during their golden years. Unfortunately, some people make costly mistakes that can deplete their nest egg prematurely. From giving away cash indiscriminately to refusing to embrace lifestyle changes, here are some surprising ways retirees waste their hard-earned …
Read More »The No. 1 Thing Retirees Want to Ask Financial Advisers
Photo by goodluz / Shutterstock.com The financial decisions you make today can change the way your life looks for many tomorrows to come. A good financial adviser can keep you on the right course, and stop you from panicking when the investing environment turns stormy. For that reason, 63% of …
Read More »5 Ways Retirees Can Lower Their Inflation Risk
Photo by Karpova / Shutterstock.com A long and satisfying retirement tops many people’s life goals. Modern medicine is helping to extend lifespans, but it’s up to you to determine whether you’ll have enough money to comfortably live out those extra years. That means not only saving enough money for retirement, …
Read More »5 Ways Retirees Can Lower Their Income Taxes
Photo by pikselstock / Shutterstock.com Retirement is the time to enjoy the fruits of many years of laboring away at a job. However, if you aren’t careful, Uncle Sam can reach in and pluck away your hard-earned savings bit by bit, year after year. When the tax man cometh during …
Read More »Why Half of Retirees Now Pay Taxes on Their Social Security
Photo by rayjunk / Shutterstock.com Having Social Security taxes taken from your paycheck is bad enough. But for millions of Americans, the obligations don’t end there. Half of retirees say they paid income taxes on their Social Security benefit income during the 2019 tax year, according to a survey by …
Read More »7 Tips to Help Retirees Ride Out the Coronavirus Stock Market
Snezana Ignjatovic / Shutterstock.com Retirement can be a great time of life, but financial uncertainty is especially hard in this phase. If income is tight, every decision you make now counts. The current volatile stock market and low-interest-rate environment both are weighing on retirees’ financial decisions. How can you ride …
Read More »20 Ways Retirees Can Bring in Extra Money in 2020
B-D-S Piotr Marcinski / Shutterstock.com Are you retired — or planning to quit work soon — and looking for ways to put a little extra cash in your pocket? Your many years of hard work and experience can still be valuable once you retire. But now, you’re in a position …
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