You are here:Countries/Geographic Wiki/Do retirees pay taxes in Virginia? As you enter retirement, don't let confusion about your taxes keep you from enjoying everything Virginia has to offer. With a few exceptions,if a source of income is taxable at the federal level, it's taxable to Vi...
Retirees may tend to spend more on medical or travel expenses within the first years of retirement, though this may differ for every person. For example, a retiree may still have a mortgage to pay off in addition to homeowner’s insurance and family care costs, which could increase their sp...
Daydreaming about retirement can be easy—but how much do you really need to retire? Find out more about planning for a comfortable retirement here.
Student loan debt is expected to be a problem for an increasing number of retirees in the future, too. Some 3.6 million people over the age of 60 have more than $135 billion of student loans, as of Q4 2022.Over the past 20 years, student loan debt held by senior citizens has increase...
Retirement planning isn't one-and-done. Most future retirees will need to adjust their plans based on earning fluctuations, market downturns, and life events. Further, different individuals will have different resources at their disposal. Some may have employer-sponsored plans like 401(k)s, while...
Retiring at age 40 will require significant savings, discipline and proper planning to mitigate risks. Early retirees should aim to save half their income, max out retirement account contributions and invest in dividend-paying stocks. Working with a financial advisor can help you navig...
Social Security:Social Security benefits can be a significant source of income for retirees. To determine your estimated Social Security income, review your earnings history and consult the Social Security Administration’s website or speak with a representative. Consider the impact of claiming benefits...
How much money you need to save for retirement depends on how much you expect to spend when in your second act. Here’s how to estimate your retirement needs.
How much money do you need to retire? Here's an easy way to do the calculation yourself. This will not take you very long to calculate and you don't need to hire an expensive advisor to help you figure it out.
Before we get to discussing the best countries to retire to outside of Canada, let’s directly address the #1 financial worry for most retirees:Can I get my CPP and OAS in another country? The short answer:YES! The more nuanced answer:yes… most of it… most of the time – and the...