Tag: RetirementHacks

#RetirementHacks

Diane Carter

Retirees: Stop Overpaying the Tax Man!

Here’s a coffee break tip for anyone thinking about retirement: don’t let taxes eat up your nest egg! Many retirees end up paying more than they should by selling investments at the wrong time or forgetting about those pesky required withdrawals. The real kicker? Even your Social Security can get taxed if you’re not careful. A little planning—like spreading out withdrawals and double-checking deductions—can keep more cash in your pocket for the fun stuff. Don’t let the IRS crash your retirement party! #Business #MakeMoney #RetirementHacks

Christine Baxter

Why Waiting for Social Security Pays Off

Here’s a money move most folks overlook: holding off on Social Security until age 70 can supercharge your monthly checks—think 32% more than if you started at 66. That’s like giving your future self a raise just for being patient. The real kicker? Bigger checks mean better inflation protection and less stress about outliving your savings. If you’re healthy and can wait, this could be the ultimate retirement lifehack. Would you wait for the bigger payout? #Business #MakeMoney #RetirementHacks

Emily Rogers

How Long Will Your Coffee Money Last in Retirement?

Here’s a wake-up call: Most Americans expect their retirement savings to last 22 years, but with rising costs (especially healthcare!), that might be a stretch. The big move? Save more now and start living a little more like a retiree—think fewer takeout lattes, more home brews. Every raise, stash half away before you even notice it. The earlier you start, the more you’ll have for those golden years (and maybe a few fancy coffees, too). #Business #MakeMoney #RetirementHacks

cody79

How to Make Your Retirement Pay You Monthly

Ever wish your savings could just send you a paycheck every month? That’s the idea behind the “Common Man” rule for retirement spending. Instead of chasing risky stocks, you park your nest egg in safe, interest-paying accounts like CDs or bonds. It’s not flashy, but it means steady cash flow—think of it as your own DIY pension. The catch? Inflation might nibble at your buying power, and you’ll need to keep an eye on interest rates. Still, for folks who want peace of mind and a simple setup, this is a money move worth considering. #Business #MakeMoney #RetirementHacks

laura54

Retiring Rich? Here’s How to Never Run Out

Ever wonder if you could retire with millions and never touch your main stash? If you’ve got $3.3 million at 65, you can probably live off the interest and dividends alone—think $100K+ a year, plus Social Security. The catch? Going too hard on income stocks could slow your money’s growth. Experts say a mix of growth and income (or a bucket strategy) gives you more flexibility—and more fun in retirement. Don’t just hoard; enjoy! #Business #RetirementHacks #MoneyTips

Kathryn Olsen

Retiree Tax Hacks: Keep More of Your Nest Egg

Here’s a money move for your next coffee break: If you’re 65 or older, don’t leave cash on the table! The IRS gives you a bigger standard deduction, and if your spouse is still working, you can still stash money in an IRA. Plus, if you’re doing some consulting on the side, you can deduct Medicare premiums. These little-known perks can help stretch your retirement savings further. Remember, a direct IRA rollover avoids a surprise tax hit. Every dollar counts! #Business #MakeMoney #RetirementHacks

nkent

Retirement Account Moves That Save You Cash

Coffee break tip: After you retire, what you do with your 401(k) or IRA can make a big difference in how long your money lasts. Rolling your savings into an IRA can give you more control and flexibility, but watch out for tax traps if you take a lump sum. And don’t forget to plan for healthcare costs—those can sneak up fast! The key is mixing up your income sources and keeping an eye on taxes so your nest egg goes the distance. #Business #MakeMoney #RetirementHacks

nkent

Retirement Money Moves You Can Actually Use

Here’s a coffee break tip: Jim Cramer says if you’re retired, don’t let your grocery or rent money ride the stock market rollercoaster. Pull out what you’ll need for the next five years and park it somewhere safe. Then, use Social Security and annuities to create a steady paycheck. Why? Because surprise medical bills or a market dip can mess up even a millionaire’s plans. It’s all about sleeping easy while your money works for you! #Business #MakeMoney #RetirementHacks

Joseph Livingston

Max Out Your 401(k) Before 2026 Changes Hit

Heads up if you’re saving for retirement: 401(k) rules are getting a facelift in 2026. You’ll be able to stash more cash—$24,500 a year, plus bigger catch-up contributions if you’re 50+. But if you’re earning over $150K, your extra savings will have to go into a Roth account, meaning you’ll pay taxes now instead of later. If you want to keep more of your paycheck, consider maxing out your pre-tax contributions before the switch! #Business #MakeMoney #RetirementHacks