As a retired person, I wish I had known about some of these strategies for paying zero taxes on retirement income earlier in my life. It can be overwhelming to think about all the different ways to save and invest for retirement, and it’s easy to feel like you’re missing out on opportunities to pay […]
When our economy experiences instability it can cause a lot of stress among people who are retired or close to retirement. Words like “recession,” “inflation,” and “depression” can strike fear in just about anyone but for those of us who are no longer earning money from a job and are depending on savings and/or social […]
This article provides a guide for baby boomers on navigating end-of-life decisions. It covers topics such as wills and estate planning, advanced healthcare directives, financing long-term care, and having difficult conversations with loved ones. It encourages baby boomers to start planning for end-of-life now to ensure that their wishes are carried out and their loved […]
Many homeowners and real estate investors want to rent out their properties and homes to make some extra money. Home rentals, whether vacation rentals or long-term, can do a lot to help you make money, especially if you won’t be using a home or property for yourself at this time. How much time you have […]
Navigating a recession can be particularly challenging for seniors, who may be more reliant on a fixed income and have less time to recover from financial setbacks. However, with careful planning and a focus on long-term financial stability, seniors can take steps to minimize the negative impact of an economic downturn. It is important for […]
Paying off a mortgage can bring a number of financial benefits. For example, it can help you reduce your monthly expenses. With no more mortgage payments to make, you may have more money available to invest or spend on things you enjoy like travel. Or maybe you just like the idea of being more financially […]
Food is one of the largest expenses for Americans every month, and grocery prices have significantly increased in recent months. The price increases are primarily due to inflation. What is Inflation and What Are it’s Causes? Inflation is an increase in the general price level of goods and services in an economy over a period […]
Dividend-paying stocks can be a great way to build a sustainable income stream in retirement. Dividend yields can provide a steady, predictable income source that can be used to pay for living expenses in retirement. As with any investment, it is important to do your research and consider the risks in order to determine if […]
A new year is always a good time to establish (or re-establish) healthy habits. If you’re a senior, this would be a great time to take a close look at your financial habits and possibly make some adjustments to how you spend and save – especially in light of an economy in recession. As we […]
Life insurance is a type of insurance that pays out a sum of money to a designated beneficiary upon the death of the insured person. The purpose of life insurance is to provide financial security and protection for the loved ones of the insured person, in the event that the insured person dies and is […]
