Starting A Family
Where Retirees Rely Most on Social Security â 2021 Edition
Social Security is a financial safety net for millions of retired Americans. Founded in the aftermath of the Great Depression, this social insurance program was designed to pay out monthly income for workers after reaching full retirement age. But for most people … Continue reading →
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2020 Destroyed Your Personal Cash Flow. Hereâs How to Rescue It
If youâre like a lot of us, 2020 did a number on your cash flow. Here are six ways to rescue it.
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Roth IRA Rules and Contribution Limits for 2021
Opening a Roth IRA can be a smart move if you want to invest for retirement and save money on taxes later in life. However, there are strict rules when it comes to how much you can contribute to your Roth IRA. Contributions to a Roth IRA are made with after-tax dollars, which means your […]
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How to Plan for Retirement When You are In Your 30s
The post How to Plan for Retirement When You are In Your 30s appeared first on Penny Pinchin' Mom.
For many of us, our 30s are a dynamic time in life. During these busy years, jobs turn into careers and relationships are solidified by marriage or transformed by children. Most people are also in their mid-30s when they purchase their first home. While these are all expensive items, one thing you should not overlook … Read More about How to Plan for Retirement When You are In Your 30s
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Saving for Retirement in Your 40s
The post Saving for Retirement in Your 40s appeared first on Penny Pinchin' Mom.
Your 40s are a busy time.  There are quite a variety of expenses to consider. For many people, funds arenât just for raising children.  For some, helping aging parents with financial assistance may also come into play.  And of course, there is also debt and mortgages. It may seem like your accounts are being pulled in … Read More about Saving for Retirement in Your 40s
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How to Avoid These Big Retirement Mistakes
The post How to Avoid These Big Retirement Mistakes appeared first on Penny Pinchin' Mom.
Retirement is usually a daunting transition for most people. Many would admit that the anxiety retirement carries stems from them simply not knowing how to prepare for this life-changing event. In fact, only 27% of the baby boomers that Harris Poll surveyed claim to be âvery preparedâ financially for retirement. Others who arenât as … Read More about How to Avoid These Big Retirement Mistakes
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How to Retire in Taiwan: Costs, Visas and More
The Republic of Taiwan is an attractive place to live due to its island setting and metropolitan feel. This island nation is known for having the highest concentration of mountains globally, and the food in Taiwan has made its way … Continue reading →
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Retirement In Your 50s: Tips to Save
The post Retirement In Your 50s: Tips to Save appeared first on Penny Pinchin' Mom.
Half a decade is something that should absolutely be celebrated. But if you donât have enough, or anything, put away into a retirement account, you may need to put the champagne back on ice. Look at your savings. Â If they are not where they should be, it is time to start saving. Â There is … Read More about Retirement In Your 50s: Tips to Save
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Can an Inherited IRA Be Rolled Over?
If you inherit an individual retirement account (IRA) from a spouse, you can treat it like your own IRA or roll it over into a traditional IRA you already have. If you are the beneficiary of an IRA inherited from … Continue reading →
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