Tuesday, 20 January, 2026
Housing choices for seniors who are able to live alone with some assistance vary widely and cater to different preferences and needs. Here’s a breakdown of some common options, along with guidance and statistics: 1. Accessory Dwelling Units (ADUs) ADUs are secondary housing units built on the same lot as […]
In today’s evolving retirement landscape, states such as Florida, Arizona, Texas, Nevada, and Tennessee are emerging as top contenders for retirees seeking a blend of affordability, favorable tax policies, and pleasant weather. Here’s an in-depth look at why these states are in the spotlight, along with a balanced view of […]
For many planning retirement, choosing a state that minimizes or eliminates taxes on key retirement income sources can be as important as selecting the right community. Whether you’re drawing from capital gains, 401(k)/IRA/TSP distributions, pension benefits, or Social Security, understanding how your state of residence treats these income streams is […]
Planning for a comfortable retirement involves understanding typical expenses, expected income from Social Security, and the necessary savings to bridge any gaps. Here’s an overview based on recent data: Average Monthly Expenses for Retirees in the U.S. As of 2023, retired households in the United States spend approximately $5,000 per […]
When determining the optimal time to claim Social Security, most individuals strive to maximize their retirement income. However, despite the potential for higher benefits, the majority of individuals claim their benefits before turning 70. According to the Social Security Administration (SSA), less than 10% of the roughly 3.4 million people […]
Here are some everyday saving tips to help you save money and secure your finances: Reducing Bank Charges Choose the Right Bank Account: Look for accounts with low or no monthly fees. Avoid Overdraft Fees: Keep track of your balance to avoid overdraft fees. Set up alerts if possible. Use […]
F For the 2025 tax year, the standard deduction amounts have been adjusted for inflation. Here’s a breakdown: Standard Deduction Amounts for 2025: Single Filers: $15,000 Married Filing Jointly: $30,000 Head of Household: $22,500 Taxpayers aged 65 and older are eligible for an additional standard deduction. In 2025, this additional […]
When it comes to Social Security claiming options for couples, there are several strategies to consider that can help maximize your benefits. The best strategy depends on your individual circumstances, including your ages, health, life expectancy, income needs, and other retirement resources. Here are some key options and strategies: Key […]
Alabama No state minimum wage law. Employers subject to the Fair Labor Standards Act must pay the current Federal minimum wage of $7.25 per hour. Alaska Basic Minimum Rate (per hour): $11.91 Premium Pay After Designated Hours 1 : Daily – 8, Weekly – 40 Under a voluntary flexible work hour plan approved […]
Rental property income can play a vital role in the financial stability of retirees, providing a steady stream of income to supplement pensions, Social Security, or other retirement savings. For the retirement community, investing in rental properties in landlord-friendly states can minimize risks and maximize returns. These states often have […]