Jonathan Clements
Retirees should prioritize their physical, emotional, and mental health after retirement. Retirees need to care for their health as they age; in the United States, individuals over 65 aremore likely to suffer from chronic diseases and disabilitiesthan younger individuals. According to the Centers for...
You may want to consult with a financial advisor before making an official decision. As you consider your options, here are some of the key things you need to know to make the best choice possible for yourself. Were you offered an early retirement package? Here’s what that means Faced ...
But retirement can also be an opportunity for improving cognitive and mental health, with newfound time to socialize and take on hobbies. And even if you have started to experience some decline, there’s strong evidence that your...
No, that’s not the case (at least for most of us). But retirement does provide the opportunity – and at times compels you – to redefine your way of being in the world. In doing so, you can more fully be yourself. So it’s on this premise that I invite you to consider the ...
Tax Changes in Retirement Be prepared to manage these taxes that will start when you retire. Kate StalterFeb. 19, 2025 How Deportations Affect Social Security Mass deportations could mean less money for already meager Social Security trust funds. ...
By now, you should have a firm understanding of why it’s crucial to invest in your retirement, and how an IRA can help you achieve your financial goals for your senior years. When setting up an IRA, there’s plenty that you need to understand before you commit yourself to open an IRA...
Amount you plan to spend on travel each year Pet expenses This is not an exhaustive list, as everyone's expenses will be different, especially when you consider what kind of lifestyle you want in retirement. Getting into the habit of tracking where your money goes now can go a long way ...
The Social Security special minimum benefit is designed to provide a higher monthly benefit to long-term workers with low lifetime earnings, ensuring more adequate retirement income for those who need it most. This provision is designed to help low earners avoid falling into poverty in...
One common goal for annual retirement is to ensure at least 80% of your working income. Consider automatically depositing a set amount into an account of your choosing. In addition to a 401(k) or pension plan, most experts point to IRAs (both traditional IRAs andRoth IRAs) as well as ...