IS RETIREMENT INCOME TAXABLE?

Is our retirement income taxable?  What about social security income?  What happens tax-wise when we retire? As adults working jobs and earning an income, we know how taxes work.  We work, our employer takes out federal and state taxes based on our income tax bracket, number of dependents, etc.  At the end of the year… Read More »

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7 STREAMS OF INCOME

What money streams do you rely on?  Many of us are used to depending on a wage or salary from our jobs.  But all good things must come to an end, and our paychecks are one of the money streams that will end in retirement.  So what do we do to compensate?  Let’s consider 7 streams… Read More »

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HOW DO YOU KNOW WHEN TO RETIRE? 

Being ready to retire doesn’t just happen; it takes action.  So, how do you know when to retire?  Are you ready now?  Do you know when you will be?  The sooner you start planning and taking those actions the sooner you can start living your retirement dream.  What actions are you currently engaged in?  Are… Read More »

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FINDING THE BEST PLACE TO RETIRE ABROAD

What is the best place to retire abroad?  That really depends what you are looking for – for example the most affordable place or the most luxurious place?  And there are many other factors to consider. Every day, more and more people are looking at the options of retiring abroad.  Some might say that it… Read More »

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A BASIC ESTATE PLANNING CHECKLIST

Estate planning is for everyone, and everyone should strategize their estate planning.  Unfortunately, the misconception is that only people with lots of money should plan ahead.  In reality, those with less money need to strategize just as much, if not more.  You don’t have to have millions or a complicated family situation to want to… Read More »

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RETIRING ABROAD: What are some benefits?

There are so many benefits to retiring abroad, from cost of living to enhanced life experience. Have you ever considered retiring abroad? I can’t say that I had either. I can tell you that I had always pictured myself moving somewhere warmer in retirement. Having grown up and lived my whole adult life in the… Read More »

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HOW MUCH MONEY DOES IT TAKE TO RETIRE?

“How much money do you need to retire comfortably?” is a great question to be asking.  Before answering, however, you also need to consider: “When do I want to retire?” and “Where do I want to retire?” Question #1:  When or At What Age Do I Want to Retire? Of course, the answers to ‘how… Read More »

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HOW TO RETIRE: A Retirement Transition Checklist

Like me, you’ve probably been dreaming of retirement.  Maybe your picture includes travel to places you’ve never been before or just being able to relax with no stress.  But now, you are wondering how to retire: what are the steps to make retirement a reality?  This retirement transition checklist can be a great resource for… Read More »

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HOW LONG WILL MY RETIREMENT MONEY LAST? — CONSIDER BOTH POCKETS

Are you saving enough for retirement?  How much money is required to retire?  How long will my money last in retirement?  And, have you considered what size retirement money withdrawal will be safe on a monthly basis? You really need to consider two pockets of money, or two kinds of capital, for a successful retirement. … Read More »

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