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Retirement Savings

How Much Money You Need To Save To Retire in Each State Budgeting

How Much Money You Need To Save To Retire in Each State

The average American between 55 and 64 has only around $107,000 in retirement savings. Many Americans expect to have to work past the age of 65 because they won’t be able to afford to retire. If you’re concerned about your retirement savings, you may want to consider moving to a state with a lower cost […]

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12 States That Won’t Tax Your Retirement Distributions Taxes

12 States That Won’t Tax Your Retirement Distributions

Choosing to live in a state that doesn’t tax retirement income can help you preserve your savings for longer when you’re aging. Taxes aren’t the sole factor you should consider. Other expenses, such as property taxes, can negate what you save. Your desired lifestyle, access to healthcare, and proximity to loved ones should be factored […]

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How To Not Let Inflation Ruin Your Retirement Savings Budgeting

How To Not Let Inflation Ruin Your Retirement Savings

You’re seeing new headlines about it every day. Inflation is skyrocketing in 2022, with every new month reporting anywhere between 5% and 12%, depending on the source. In short, everything is much more expensive these days. From fuel costs to grocery bills, Americans are feeling the pinch in their wallets like never before. For retirees […]

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Required Minimum Distribution: Everything You Need To Know Investing

Required Minimum Distribution: Everything You Need To Know

After decades of productivity and setting aside a portion of your paycheck, you eventually hit retirement age. Now you need to plan how you will make withdrawals from your savings to meet your living expenses in retirement. The IRS requires retirement account holders to start taking mandatory withdrawals from their qualified retirement accounts once they […]

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