Posts Tagged ‘income’
Plan Retirement Right: Which is better, Traditional or Roth?
If you’re saving for your retirement in a 401(k), 403(b) or an IRA, you’ve probably seen that you can choose Traditional or Roth for your account. What does that mean,…
Read MorePlan Retirement Right: Stock Market Volatility
Over the past few months, we’ve seen a large increase in the volatility of the stock markets. In a basic sense, volatility for an investment refers to the expected range of…
Read MorePlan Retirement Right: What’s a bond ladder, and how can it help when you retire?
One of the common concerns people have regarding their retirement is a fear of running out of money. We all want our retirement income to last as long as we…
Read MorePlan Retirement Right: Social Security and Income Taxes
It may seem counter-intuitive, but you may have to pay income taxes to the Federal government on a portion of your Social Security benefits that you receive FROM the federal…
Read MoreWhat if your expenses actually increase after you retire?
It’s a fairly common belief that your monthly expenses will decrease after you retire, but what if they increase? There are a number of reasons that even the Social Security…
Read MoreCould you retire if you won $2 million in a lottery?
Could you retire, comfortably, if you won a lottery prize of $2,000,000? Maybe. Let’s just agree up front that if you won the grand prize in Powerball or Mega Millions,…
Read MoreI’m almost at retirement age and don’t have enough money! What can I do?
Work longer. It’s not easy to hear, but that’s probably the single thing you can do at a later age in your working years which will have the most impact…
Read MoreHow can I know if I’m ready to retire?
Do you wonder if you’re ready to retire with enough income? Many people do. They wonder if they’ll have enough income to live the life they want after retiring from…
Read MoreWhen should I start receiving my Social Security benefits?
The amount you can expect to receive from Social Security varies quite a bit. As we at Texas Financial & Retirement like to point out, Social Security should only account…
Read MoreCan I live on my Social Security when I retire?
No, you probably cannot. Social Security is not designed to replace your full working wages. It’s intended to cover only approximately 40 percent of the income you earned while working.…
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