These are your golden years. You've worked hard to raise a family, build your career, and save your money - now it's time to relax and reap the rewards of a lifetime of sensible financial planning. How can you take full advantage of this time of your life? Here are some tips for being financially savvy in your 70's and beyond.
Daylight Savings Time has been used in the U.S. and in many European countries since World War I. At that time, to conserve fuel needed to produce electric power, Germany and Austria took time by the forelock, and began saving daylight at 11:00 p.m. on April 30, 1916, by advancing the hands of the clock one hour until the following October.
"The longer I live, the more I realize the impact of attitude on life. ......
The "widow's penalty" occurs when a person's tax filing status goes from married filing jointly to single. This change can cause the surviving spouse to have to pay nearly double the taxes compared to what they were paying. Here is an example using fictitious names Bill & Jill. Let's look at the impact to their tax situation if Bill passes away prematurely.
In this Holiday Season, we would like to take a moment to express our gratitude and wish you, our readers, a wonderful holiday filled with joy and love. It is not only about gifts and decorations, but also about giving thanks for all the blessings in our lives. We are truly grateful for the presence of each one of you in our life, and hope that this Holiday Season brings you an abundance of happiness and gratitude.
The Social Security Administration has announced a 3.2% Cost of Living Adjustment (COLA) for 2024. This adjustment means the average Social Security retiree beneficiary will see their monthly check increase by about $57 to $1,849, through individual benefits may vary.
