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Retirement

Three big mistakes to avoid when estimating retirement expenses

Three big mistakes to avoid when estimating retirement expenses

Saving for retirement can be a challenging process. Not only is it difficult to leave enough room in your budget to set aside money each month, but it is also challenging to simply calculate how much you need to save to reach your goals. There are plenty of things to...

Do I qualify for a retirement savings credit?

Do I qualify for a retirement savings credit?

Saving for retirement can be a big challenge, especially if you have lofty goals but did not start saving until later in life. These goals are even more difficult to reach if you are saving for other goals as well, such as building an emergency fund or saving for a...

Retirement Planning Assumptions And Myths

Retirement Planning Assumptions And Myths

Retirement Planning Assumptions and Myths   Whenever one plans for the future, it is often based on myths that one has heard from others that are taken as fact and/or assumptions that they have made.  The only assumption that is guaranteed to come true is – none...

Tax efficiency tips for your retirement

Tax efficiency tips for your retirement

One of the major benefits of saving for your retirement through a qualified retirement savings account is that your money can grow tax-free. However, sooner or later, you will be responsible for paying taxes on your wealth, such as paying taxes on a withdrawal from...

What you need to know about the Social Security increase in 2021

What you need to know about the Social Security increase in 2021

Every October, the Social Security Administration (SSA) reveals changes for the upcoming year. This is mainly done to adjust the benefits payable to be in line with the average cost of living. It is important for everyone to keep up with these changes to understand...

How can I retire early? Four questions to consider

How can I retire early? Four questions to consider

Retiring early might seem like a distant dream, but with some careful planning and saving, it may be more achievable than you think. A recent study by the Employee Benefit Research Institute reveals that nearly half of those retired did so earlier than they intended....