There are lots of important numbers that you need to keep in mind when planning for retirement. In some cases, those numbers are annual limits that change each year. Other times, the figures do not often change, but are used frequently. Given the variety of sources that report relevant numbers, it can be difficult to quickly find the right reference when you need it.
Are you ready for the changes to Social Security and Medicare for 2024? Every year, the Social Security Administration announces changes to Social Security benefits as well as changes to Medicare premiums for the following year. In this article, we are going behind the scenes to help you understand how these changes are determined, as well as some other key Social Security topics that you need to be aware of.
Retirement is an important milestone in life that requires careful planning and consideration. As people approach this phase, they often have numerous questions and concerns about various aspects of retirement. In this article, we will address five of the most frequently asked questions about retirement to help you gain a better understanding of this significant life stage.
People often pay more taxes in retirement than expected because a confusing system treats various income types differently and contains hidden taxes and penalties. Here are the Top 10 Tax myths most retirees believe.
Retirement should be a time of relaxation and living a worry-free lifestyle. But that is not the reality for many older Americans whose retirement years turn into financial nightmares.
It only makes sense to give money to a charity if you are passionate about their cause. As a kind of ‘thank-you’, Congress and the IRS have built in some potential tax benefits for your donations, but only with careful planning can we realize these benefits. Learn the best ways for retirees to achieve their charitable goals.