SmartAsset 2022 Edition: Where Retirees Rely Most on Social Security Retirement can often be daunting because it means a shift from traditional income to a reliance on savings, investments and governm...
Tag: Retirees
Retirees returning to work should skip ‘career obituary’ when job-hunting
For older workers who retired and are considering a return to the workplace, the tight labor market is promising. “There’s a wide gamut of opportunities that people pursue after retirement,” a c...
How the Secure Act Could Trigger Higher Taxes for Some Retirees
Text size Delaying required minimum distributions of tax-deferred accounts, as proposed in the Secure Act 2.0, could be a mixed blessing for retirees. Lightfieldstudiosprod/Dreamstime At first glance,...
4 tax forms retirees need to gather and examine closely before filing this year
Before you file your taxes, you first need to gather all the information you need to to prepare your return. What sort of information? Well, it’s mostly a bunch of forms that your bank, brokerage firm...
Inflation is causing some older Americans to delay retirement plans
As inflation rises, many Americans are shifting life milestones, including retirement. Some 13% of Gen Xers and baby boomers say they have postponed or considered delaying plans to leave the workforce...
Retirees, pay attention – inflation is on the rise
Americans are spending more money because of high inflation — this can be a big problem for older individuals living on a fixed budget. Inflation is at a 40-year-high, at around 7.5% in January, acco...
Tim Hortons focuses its next phase of U.S. expansion on snowbirds and retirees
A pedestrian walks past a Tim Hortons restaurant. Ben Nelms | Bloomberg | Getty Images Tim Hortons is slated to open its first location in Houston this summer, signaling the Canadian coffee chain̵...
Why Medicare Surcharges Can Shock Retirees
I would like to see you write, and warn your readers, about Medicare surcharges. I was insufficiently aware of the impacts. Perhaps you can cushion the shock for others. “Shock,” often, is the right w...
Opinion: Retirees in the U.S. do not live on ‘fixed incomes’
As inflation has gained traction in the last year, commentators constantly remark about how it is particularly hard on retirees who live on a “fixed income.” Please stop. Retirees do not live on fixe...