A new bill winding its way through Congress aims to increase retirees’ net income from Social Security by eliminating federal taxation of benefits. Unless the You’ve Earned It Act miraculously becomes law, it is important that you understand how your Social Security benefits are taxed at the federal level. You’ve contributed towards your Social Security
Retirement
Marriage is hard, and money makes it harder. Merging two lives, two beings who are always changing, is a delicate balance of individual autonomy and collective submission that requires perpetual calibration. Into this fragile ecosystem, each partner brings their own financial history, and the balance sheet—what you own and what you owe—is just the beginning.
Most of today’s pre-retirees and retirees will fall short of the retirement income replacement goal that’s commonly advocated by retirement planners. According to planners, you need a gross retirement income from all sources that ranges from 70% to 85% of your preretirement pay; attaining that goal will replace all your after-tax, spendable income while you
According to a study by the Pew Research Center, about 27 percent of American seniors live solo. They can include your aging parent or other loved one. Many are widowed or divorced. What is it like for them and what does it take to have a satisfying life? Retired business manager (RM), age 65, is
There seems to be a lot of confusion about whether you can pay your Medicare premiums from your health savings account (HSA). Technically, you cannot pay your Medicare premiums from your HSA. But yes, you can use your HSA funds to pay your Medicare premiums. Keep reading as we explain. Can You Pay Medicare Premiums
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