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Have You Taken Your 2021 RMD Yet: New Rules in Effect

Category: Financial and taxes in retirement

March 16, 2021 — If you turned 72 in 2020 or before, you probably will have to take a Required Minimum Distribution (RMD) this year from your IRA and/or 401(k) type plans. That is unlike last year, when COVID relief in the SECURE Act gave everyone a pass on taking…

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Published on March 15, 2021
Comments 8

The Cheapest and Most Expensive Places to Retire in the World

Category: Best Retirement Towns and States

February 16, 2021 — Last week on this Blog we posed the question, “How Much Is Enough for Retirement“. So when we came across this new study on the cheapest and most expensive places to retire from NetCredit, it seemed like the perfect follow-up. As…

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Published on February 15, 2021
Comments 5

How Much Is Enough for Retirement?

Category: Financial and taxes in retirement

Updated June 2024 — If there was ever a perplexing question it is this one – how much is enough for a comfortable retirement? The short answer is – more than you probably think! Many experts think most people need at least $1.5 million. According to the many experts, the…

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Published on February 8, 2021
Comments 27

The 3 Critical Things About Social Security Most People Don’t Understand

Category: Financial and taxes in retirement

January 9, 2020 – Most of the people who took the new version of our popular Social Security IQ Quiz were able to get a passing score of 60%. But there were 3 questions that many people had a lot of difficulty answering correctly. That lack…

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Published on January 9, 2021
Comments 10

Which States Have No Income Tax – There Are Now 8

Category: Financial and taxes in retirement

November 18, 2020 — Finding a state with no income tax can be a good reasons to choose it for retirement for many well-heeled retirees. Up until 2021, only 7 states could claim they have no state income tax. But coming in 2021 an 8th will join the list, Tennessee…

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Published on November 18, 2020
Comments 20

Replacement Income from Social Security Falling, Might Get Worse

Category: Financial and taxes in retirement

November 4, 2020 — Data from the Centers for Medicare & Medicaid Services predict that Social Security benefits will provide an ever smaller portion of replacement income for retirees in the years to come. This prediction takes into account the delay in the Full Retirement Age from 65 to 67,…

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Published on November 2, 2020
Comments 0

Answers to the 2020 Social Security IQ Text

Category: Financial and taxes in retirement

October 28, 2020 — Thank you for taking our 2020 Social Security IQ Test. We hope you found it useful. (If you haven’t taken it yet, here is the link). Please find below a detailed summary of all the questions and answers, along with an explanation…

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Published on October 28, 2020
Comments 0

The Future of Social Security: Biden vs. Trump

Category: Financial and taxes in retirement

October 28, 2020 — Perhaps you have already voted in the U.S. Presidential election. If so, congratulations on fulfilling an important responsibility of citizenship. But if you haven’t voted yet here are some facts, as best we can determine, to help you understand where the two presidential candidates stand on…

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Published on October 27, 2020
Comments 0

What Is Your Social Security IQ? New 2020 Edition

Category: Financial and taxes in retirement

October 25, 2020 – Just how much do you really know about your Social Security benefit? This quick 12 question quiz, will tell you with an instant score. This year’s edition covers the basics you need to know with new, revised, and updated questions to reflect your benefit in 2020.

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Published on October 24, 2020
Comments 0

Walmart vs. Amazon Delivery Services Compared

Category: Financial and taxes in retirement

October 18, 2020 — We have had several members who posted about rival delivery services to another unrelated Blog. So we are publishing those comments here and taken them off the other one. That should keep things cleaner. From Mary 11 – I signed up for the yearly unlimited Walmart…

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Published on October 18, 2020
Comments 25

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