Tag Archives taxes

10 Best States for Taxes on Retirees

Retirees have special concerns when evaluating state tax policies. For instance, the mortgage might be paid off, but how bad are the property taxes – and how generous are the property tax breaks for seniors? Are Social Security benefits taxed? What about your other forms of retirement income, including IRAs and pensions? Does the state ...

4 Mistakes to Avoid with Your Retirement Plan

Retirement norms are changing. Retirees can no longer rely on the old mechanisms for generating sufficient retirement income such as the 4% withdrawal rule or returns on market investments. People are also living longer, which means that finding a sustainable source of retirement income is now more crucial than ever. What's worse — advisors are becoming ...

5 Expenses That Will Change in Retirement

You have a rough idea of how much your electric bill will be next month. You don’t know, however, how much your electric bill will be in 30 years (feel free to sub in your own expected retirement date). That’s due to a combination of factors, many outside your control: things like inflation, advances in technology ...