Category: retirement

5 Unexpected Reasons Retirees are Returning to Work

September 2, 2022
BrightbudgetingFuture Planningpersonal financeRetireesretirementreturn to work
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Though it’s becoming increasingly common for people to retire later in life, some retirees find that they need or want to return to work. In addition, the pandemic has forced many people to retire sooner than they planned, and many find their Social Security benefits and pension aren’t enough to cover their living expenses. But it’s not just…

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Want to Be Ready for Retirement? Do These 5 Things Now

September 1, 2022
BrightLifestylepersonal financeretirementretirement plans
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Are you ready for retirement? When was the last time you thought about retirement? For most of us, it’s probably an afterthought. I mean, what else should you be doing except for those automatic contributions you’ve been making to your 401 (k) or Roth IRA? Well, definitely keep doing that—but you also need to consider everything from…

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The Social Security Earnings Penalty for Self-Employed People

September 1, 2022
Brightpersonal financeretirementSelf EmployedSocial Security
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“Well, Tom, you see, I’m a farmer. I got me about 100 acres of beans, and I really only work two months a year. I plant those beans in April and I harvest them in October. The rest of the time, I’m pretty much sitting on my butt. Oh, I mend a fence or two…

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Silver Economic Power: Seniors and Disposable Income

August 31, 2022
Baby BoomersBrightbudgetingBusiness & MarketsFuture PlanningLifestylemillennialspersonal financeretirementseniorsSocial IssuesspendingUSUS Features
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More than 34 percent of the U.S. population is over 50, and the over-65 demographic will increase 65 percent by 2030; seniors are living longer and spending more. Many retirees can expect to live 10 years longer than their parents. And these aren’t frail retirees. These seniors tend to work later and play harder. From going…

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Why You Should Buy a Good Annuity and Avoid the Rest

August 31, 2022
AnnuityBrightFixed Incomepersonal financeRetireesretirement
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Let’s be real. It can be hard to save for retirement. ‌But, after you figure out how much you need to save for retirement, the real work‌ ‌begins. Obviously, there are a lot of ways to save for retirement. ‌Your main options are 401(k)s through your employer and individual retirement accounts (IRAs). But, there are also…

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The Savings Game: IRS Guidance on Inherited IRAs, and Other Reader Questions

August 30, 2022
BrightFixed IncomeIRApersonal financeretirementRMDsRoth IRASocial Security
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By Elliot Raphaelson Q: I recently inherited a traditional IRA from my deceased mother, who was 76 and had been taking RMDs each year. Based on everything I had read, I thought that I did not have to take any required distributions (RMDs) in years one through nine, but I would be required under the 10-year…

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Fauci on the Out-sie

August 27, 2022
AMERICAAnthony FauciCCP VirusEpochTVPUBLIC HEALTH INFORMATIONretirementThe Beau ShowVaccines & Safety
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“Doctor” Anthony Fauci is announcing his coming retirement at a time when his legacy is marred with shoddy medical advice while being a media darling and a messianic figure for the Left. What can we expect from Fauci moving forward, and what can we expect his critics will do after he resigns? Follow us on Facebook,…

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The Savings Game: Readers Ask About Insurance, Spousal Benefits and I Bonds

August 26, 2022
BrightendowmentFixed IncomeinsuranceInsurance Policypersonal financeretirementSeries I BondsSocial SecurityWealth Management
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By Elliot Raphaelson Q: I need help with an insurance policy. I no longer have a local agent to answer my questions. I have an endowment policy, and there is a term on my statement I don’t understand. Specifically, it includes the following: “family endowment at age 85.” What does that mean? I am approaching…

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