[youtube https://www.youtube.com/watch?v=-88hSQUR4tw]A pretty accurate definition of retirement is doing what you want when you want to do it. In other words, it’s when you are able to start living life on your terms financially. The amount of time to reach this point varies from person to person, but it comes down to more than just what [...]
[youtube https://www.youtube.com/watch?v=Rab6cWee1bc] What is an annuity? An annuity is an investment product that pays out a steady stream of income over time during retirement. When you purchase an annuity, usually from an insurance company, you agree to make a lump sum payment up front, or regularly scheduled payments at agreed-upon intervals. In exchange, you are guaranteed [...]
The following article was published by the IRS. Retirement can affect someone’s tax situation. Anyone who has retired recently — or who plans to retire soon — can visit IRS.gov for information that can help them prepare for filing their taxes next year. Here are some tools and resources for retirees, all available on IRS.gov: Individual [...]
[youtube https://www.youtube.com/watch?v=6aclErKncNM] Whether it’s clothing, groceries, electronics, or home goods, odds are that you spend more than you should when you go into a store. Why is this? It’s simple marketing. Stores are experts in running promotions and sales that get us to spend more money than we realize by making us think we are actually [...]
[youtube https://www.youtube.com/watch?v=k4pifDxTVn8]The single best tip to getting the best rate on a mortgage is to check your credit score and credit history. Don’t check it just before applying; check it in advance, up to a year in advance of when you are planning to apply for the mortgage. When it comes to applying for a mortgage, [...]