Social Security Q&A: Should We Wait to Claim Benefits?

Welcome to “Social Security Q&A.” You ask a Social Security question, our guest expert provides the answer. You can learn how to ask a question of your own below. And if you would like a personalized report detailing your optimal Social Security claiming strategy, click here. Check it out: It doesn’t cost much and could … Read moreSocial Security Q&A: Should We Wait to Claim Benefits?

5 Reasons You Should Work as Long as You Live

industryviews / Shutterstock.com For workers whose jobs are physically demanding and mentally grueling, retirement can be the healthiest option for the golden years. But, increasingly, more of us are delaying full retirement and working full-time or part-time after age 65: The Bureau of Labor Statistics predicts that by 2024 there will be more than 13 … Read more5 Reasons You Should Work as Long as You Live

The Proper Geoarbitrage Strategy: First Your City, Then Your Country, Then The World

One of the most common pushbacks I got from my post, “Why You Need To Earn $300,000 A Year To Live A Middle Class Lifestyle Today,” is: why the hell don’t I just leave expensive San Francisco if I’ve truly got enough passive income? Believe me, I’ve been thinking about relocating out of San Francisco … Read moreThe Proper Geoarbitrage Strategy: First Your City, Then Your Country, Then The World

6 Ways to Keep a Stellar Credit Score in Retirement

Many seniors probably don’t consider building and maintaining credit to be a top financial issue. After all, the home and car are paid off, and everything else is contained within a careful budget, right? Not exactly. While that might have been the norm for retirees in the past, it is changing now. In fact, during … Read more6 Ways to Keep a Stellar Credit Score in Retirement

5 Ways to Cut Your Tax Bill in Retirement

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 your working years, it’s annoying. But it is even worse … Read more5 Ways to Cut Your Tax Bill in Retirement

Social Security Q&A: What’s the Windfall Elimination Provision?

Welcome to “Social Security Q&A.” You ask a Social Security question, our guest expert provides the answer. You can learn how to ask a question of your own below. And if you would like a personalized report detailing your optimal Social Security claiming strategy, click here. Check it out: It doesn’t cost much and could … Read moreSocial Security Q&A: What’s the Windfall Elimination Provision?

The Average Social Security Benefit Is Not Enough For Retirement

In theory, the maximum possible Social Security benefit in 2019 for someone who retires at full retirement age is $2,861, up 2.6% YoY. However, in order to collect the maximum benefit, you would need to earn the maximum taxable amount for 35 total years. Given the maximum taxable amount is $132,900 for 2019, this is no easy feat. According … Read moreThe Average Social Security Benefit Is Not Enough For Retirement

Financial freedom and the value of time

Note from J.D. Last October, I had a chance to read an advance copy of Grant Sabatier‘s new book, Financial Freedom, which was just released this morning. I liked it. I loved parts of it. In fact, the second chapter of Financial Freedom inspired my article about how time is more valuable than money. Today, … Read moreFinancial freedom and the value of time

How to Save $500,000 in 15 Years

America has a massive retirement savings crisis. More than 40 percent of Americans have less than $10,000 saved for their golden years, according to a recent GOBankingRates study. However, being so far behind in savings does not doom you to poverty. Even if you are relatively far along in your work life — maybe you’re … Read moreHow to Save $500,000 in 15 Years

The Average Spending Amount In Retirement Is Surprisingly High

According to the Bureau of Labor Statistics data, “older households” – defined as those run by someone 65 and older – spend an average of $45,756 a year, or roughly $3,800 a month. I don’t know about you, but spending $45,756 after-tax a year in retirement sounds like a lot! Based on a 20% effective … Read moreThe Average Spending Amount In Retirement Is Surprisingly High