Top Tax Breaks and Deductions for Seniors
An advantage of turning 65 is qualifying for certain income tax exemptions and credits. Here are a few of the top 2020 tax breaks for seniors. Tax season 2021 (for […]
How to Protect Your Retirement Finances After a Divorce
One in four divorces are to couples over 50. Since retirement accounts are often a large chunk of an individual’s assets at that age, it is important to protect your […]
Why Invest in a Life Insurance Retirement Plan?
Consider a life insurance retirement plan if you have maxed out traditional retirement accounts. Known as permanent life, these plans offer the security of life insurance and the advantage of […]
Consolidating 401K’s, IRA’s and Other Retirement Accounts
Are you thinking of consolidating multiple 401K’s, IRA’s and other retirement accounts? Here are the pros and cons along with a guide to consolidation. If you have switched jobs, you […]
The Difference Between Qualified Versus Non-Qualified Retirement Plans
Determining the difference between qualified and non-qualified retirement plans can be confusing. Here is a guide to assist in retirement planning. In 1980, over 38% of Americans had access to […]
Tips for Downsizing in Retirement
Downsizing to a smaller home or perhaps moving to a new community is not easy. Here are tips to make downsizing in retirement a bit easier. According to a 2018 […]
Best Financial Benefits of Downsizing in Retirement
If you are retiring soon, becoming empty nesters, looking to move to a more tax-friendly state or are overwhelmed with home maintenance, downsizing to a smaller home is enticing. However, […]
T-Mobile’s Unlimted 55+ Plan Review for Seniors
If you are 55+ and want to save money on cell phone bills, consider one of T-Mobile’s Unlimited 55+ Plans for Seniors. They offer discounts on the features of other […]
Best Retirement Gifts for Your Male & Female Colleagues
Do you have a colleague retiring soon? Here is our guide to the best funny, inexpensive, extravagant and heartfelt gifts to honor your co-worker. Whether you are looking for a […]
Can I Deduct Taxes from My Retirement Account?
Retirement account contributions are tax-deductible under certain conditions. You can also withdraw retirement accounts funds tax-free under certain conditions. There are certain retirement account strategies that you can take to […]