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Economy

“A record 4.1 million Americans may retire this year: Financial planners say they should take these 5 steps”

“3. Delay Social Security…” https://finance.yahoo.com/news/record-4-1-million-americans-120000058.html That’s all you need to see from this article. This comment is so stupid its evil. Make no mistake this level of stupidity is evil. I’m going to tell you why this is evil. If… Continue Reading…

Personal Finance

“Americans think they will need nearly $1.3 million to retire comfortably, study says…”

“When it comes to how much they will need to comfortably retire, Americans have a “magic number” in mind — $1.27 million, according to new research from Northwestern Mutual. That’s up from $1.25 million last year, the financial services firm found, based on… Continue Reading…

Personal Finance

“74% say they can’t count on Social Security when planning for retirement…”

“Almost three-quarters, 74%, of people say they cannot count on Social Security benefits when it comes to the money they will have in retirement, according to a new survey from Allianz Life Insurance Company of North America….” https://www.cnbc.com/2023/04/15/74percent-say-they-cant-count-on-social-security-benefits-what-not-to-do.html Well if… Continue Reading…

Personal Finance

“Nearly half of Americans think they’ll retire in debt: Here are the 5 top reasons why”

“…Nearly half, 46%, of the 2,050 people polled in a new MagnifyMoney survey think their current financial situation will force them to retire in debt. The survey included workers of all generations, from ages 18 to 75, not just those approaching retirement.… Continue Reading…

Economy, Personal Finance

“Survey Reveals 64% of Americans Might Retire Broke”

“EDITOR NOTE: Thinking you may retire broke is one of the scariest thoughts a person can have. Even more terrifying is that a new survey says that 64% of Americans likely will walk away from years of hard work with… Continue Reading…

Personal Finance

“10 countries where you can retire on just $100,000”

“1. Costa Rica… A couple could live out their golden years in Puerto Viejo, Costa Rica, for only $2,025 a month, or less than $25,000 a year, according to an estimate from International Living magazine. You could pull that off with a… Continue Reading…

Personal Finance

“Retiring with $1 million: How much you should save every month, broken down by age”

“…In fact, only 47% of retirees think they’ve built a large enough nest egg to last the rest of their lives, according to a 2020 survey conducted by the Transamerica Center for Retirement Studies. If your goal is to save $1 million, you’ll need… Continue Reading…

Economy

“The IRS changed the tax filing rule for Social Security recipients — why that’s a good thing”

“The rebate checks are part of the $2 trillion stimulus package President Donald Trump signed into law last week, intended to provide financial relief to Americans in the wake of the coronavirus pandemic. People can receive a rebate check up… Continue Reading…

Economy

“1 in 4 Americans have no plans to retire”

“Nearly one-quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals’ retirement plans and the realities of aging in the workforce… According to the poll from The Associated Press-NORC Center for… Continue Reading…

Personal Finance

Retiring? Go Abroad: “They ditched America to retire by a lake in Chile…”

“The Dorchaks say that their monthly expenses typically range from about $2,000 to $3,000, though this can vary a lot. Some of their largest expenses are food, which costs them about $300 to $400 a month (they grow a lot… Continue Reading…