Kathryn Olsen+FollowHow Does Your 401(k) Stack Up at 72?Curious how your retirement savings compare? The average 72-year-old has about $250K in their 401(k), but most folks have less. Don’t stress if you’re below average—many retirees rely on Social Security, home equity, or other savings. The real trick is stretching what you have: watch your spending, time your withdrawals, and don’t forget those required minimum distributions (RMDs) that can bump up your taxes. A little planning now can make your nest egg last longer! #Business #MakeMoney #RetirementTips00Share
eric01+FollowRetiring Rich? Why When You Quit MattersHere’s a money hack for future retirees: It’s not just about how much you’ve saved, but when you actually retire. If you cash out during a market dip, your nest egg could shrink fast—even if stocks bounce back later. The trick? Keep a year or two of living expenses in bonds or cash, so you’re not forced to sell stocks when prices are down. Flex your spending when markets get rocky, and your retirement could go a lot smoother. #Business #Market #retirementtips00Share
cody79+FollowDon’t Let Your 401(k) Bite Back in Your 70sQuick tip for anyone with a 401(k): once you hit your 70s, the rules change and the stakes get higher. Forgetting to take out the right amount each year can mean a big tax penalty—think of it like missing a bill and getting slammed with late fees. Plus, pulling too much can bump up your Medicare costs. Stay on top of your withdrawals and double-check your account details to keep more cash in your pocket for the fun stuff. #Business #MakeMoney #RetirementTips10Share
Robyn Anderson+FollowHow Seniors Can Dodge Surprise Tax BillsJust because you’ve hit 80 doesn’t mean the IRS forgets about you! If most of your cash flow is from Social Security, you might not owe a dime. But if you’re pulling from a pension, investments, or old 401(k)s, taxes could still be on your plate. The trick? Know your income mix and the magic IRS thresholds. Bonus tip: Living in a tax-friendly state can stretch your retirement dollars even further. Smart planning now means more money for coffee runs and grandkid spoiling later! #Business #MakeMoney #retirementtips00Share
James Cook+FollowRetiring Debt-Free? Why Cash Still MattersSo, you finally paid off your house and retired with $1.5 million in the bank—sounds like a dream, right? But here’s the twist: having all your money tied up in your home can make things feel tighter than expected. Without easy access to cash, surprise expenses or market dips can get stressful. Sometimes, keeping a little debt and more liquid cash gives you more options and peace of mind in retirement. It’s all about balance, not just zero balances! #Business #MakeMoney #retirementtips00Share
Paige Douglas+FollowWhy Suze Orman Says Skip Life Insurance at 70Thinking about leaving your kids a little nest egg? Suze Orman says, at 70, it’s time to put yourself first. Instead of paying big bucks for life insurance, she suggests investing that money for your own future. You might end up with more cash—and more fun in retirement. Her advice: Don’t cancel a policy unless you’re 100% healthy, but don’t stress about leaving a windfall. Sometimes, living well is the best gift you can give. #Business #MoneyLifehacks #RetirementTips81Share
Robyn Anderson+FollowRetirees: Don’t Let Your Savings Shrink!Thinking about retirement? Kevin O’Leary says don’t just stash your cash—make it work for you! His top tip: too much money sitting in a checking account is like leaving ice cream out in the sun. Inflation melts its value away. Instead, put your savings into things that pay you back, like dividend stocks or bonds. That way, your money keeps growing, and you don’t have to worry about running out before you’re ready. Smart move for a comfy retirement! #Business #MakeMoney #RetirementTips00Share
Misty Brady+FollowSuze Orman’s Retirement Dental HackDid you know Medicare usually skips dental coverage? Suze Orman is spilling the tea: if you’re retired, a Dental Savings Plan (DSP) could save you big bucks on check-ups and emergencies. It’s not insurance, but a membership that gets you discounts—no annual caps, and you can use it right away. Plans start at $79 a year, and it could mean keeping your nest egg safe from surprise dental bills. Worth looking into if you’re on Medicare! #Health #BodyHealth #RetirementTips20Share
Joseph Livingston+FollowRetirement Money Moves That Won’t Mess Up Your Social SecurityDid you know you can still make money in retirement without losing your Social Security benefits? Once you hit full retirement age, you can work, collect rent, cash in on prizes, or even get gifts and it won’t shrink your monthly check. The big shift: Social Security only cares about certain types of income, so you can stack up side hustles or investments for extra cash without stress. More ways to keep your wallet happy in retirement! #Business #MakeMoney #retirementtips10Share
Diane Carter+FollowRetiring Soon? Don’t Make These Money MistakesThinking about clocking out for good in 2026? Before you start planning endless beach days, watch out for some sneaky retirement slip-ups. For example, cashing out your investments too early might feel safe, but it could leave you with less money to spend on your hobbies or travel later. Also, don’t forget about those healthcare bills—Medicare doesn’t kick in until 65! A little planning now can mean a lot more fun (and less stress) later. #Business #MakeMoney #RetirementTips00Share
