Tag: retirement income
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A boomer said he’s struggling to survive on Social Security after retiring early to care full-time for his wife
Robert Papalia, 74, retired early to care for his ailing wife, Marie.The couple's $5,000 monthly pre-tax retirement income is strained by medical bills and...
It’s My First Year on Social Security – How Can I Stop Taxes from Eating It Up?
As your first year of retirement progresses, it’s important to evaluate whether the financial plan you laid out to ensure your sustainable well-being is...
Why Working Longer to Max Out Social Security Isn’t a Sure Bet
As a 2022 report from the National Bureau of Economic Research noted, “Americans are notoriously bad savers. Large numbers are reaching old age too...
I’m Expecting $3,000 in Social Security Each Month. What Strategies Can Reduce My Tax Burden?
SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. When determining your income taxes in retirement...
RMD Timing: Is It Better to Withdraw Early or Late in the Year?
People often think they don’t have any choice about taking the IRS-mandated required minimum distributions from their retirement accounts – but they do. While...