Dear Liz:I would like advice on how to transfer my condo to my son and grandchildren. It feels like I don’t have much life left and I need to get a clear understanding of what would be best for me and them. All articles are very confusing. Can you advise me on what is better, …
Tennessee has become an increasingly popular destination for retirees in recent years. With its beautiful scenery, affordable cost of living, and favorable tax policies, the state offers a range of benefits that make it an attractive choice for those looking to enjoy their golden years. Here are some of the reasons why retirees are flocking …
If you won the lottery, who would you tell? A recent caller to The Ramsey Show claimed he didn’t even tell his teenagers about his $22 million jackpot win two years ago. My wife and I made a conscious decision to keep this a secret, said the caller, who used the pseudonym John. We just …
Are you planning to collect Social Security retirement benefits at age 62? You’re not alone. Nearly one in three Americans did so in 2021, according to the latest data analyzed by the Congressional Research Service. Some may soon be more motivated to apply for retirement benefits sooner. Here’s why claiming Social Security at age 62 …
My wife and I are both 65 years old. She will retire this year and I will work until I am 67. I will receive about $42,000 in Social Security and have about $1 million in savings. Can we live on $90,000 a year? -Terry $90,000 a year is going to push the upper limit …
As the long-awaited day of retirement approaches, most people will need an investment strategy to generate income to cover their living expenses. Peace of mind comes from knowing you have a plan in place that will keep you financially secure throughout your retirement years. Although Social Security is a fundamental pillar of retirement income, for …
In 2024, high incomes could pay more social security contributions. Additionally, working while receiving retirement benefits can have consequences. Here’s what you need to know. Dardespot | E+ | Getty Images Social Security recipients are expected to see an increase in their benefits next year, based on a 3.2% cost-of-living adjustment. But there are several …
If you hire a financial advisor to help you plan for retirement, you will undoubtedly spend many hours reviewing the potential costs that seniors face. From housing to food to rising utility bills, the list goes on. But there’s one big-ticket item that’s particularly easy to overlook. Your teeth. Dental expenses top the list, said …
Courtesy of Douglas Boneparth When it comes to buying a home, think of it as a place to live, not an investment. A home is simply “a roof over your head” and a place to create memories, said Douglas Boneparth, certified financial planner and co-author of “The Millennial Money Fix,” in an interview with CNBC’s …
Unlock Editors Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. Low-cost digital wealth manager Nutmeg plans to launch thematic investment portfolios, hoping to capitalize on a growing trend among younger savers towards this style of investing. Thematic investing in areas such as environmental, social and governance …