cody79+FollowHow a Roth Move Can Spike Your Medicare BillThinking about converting your IRA to a Roth for that sweet tax-free retirement? Heads up: doing it wrong could mean your Medicare premiums jump by thousands a year. The catch? Medicare looks at your income (MAGI), and a big Roth conversion can push you over the line, triggering a surprise bill. Pro tip: keep conversions just under the Medicare threshold for a smoother ride. It’s not just about taxes—watch your monthly cash flow! #Business #MakeMoney #retirementhacks01Share
cody79+FollowDon’t Let Social Security Shortchange YouThinking about claiming Social Security? Here’s a coffee break tip: a lot of retirees rush to grab their benefits early, but that can mean smaller checks for life. Double-check your work history for errors, and remember, waiting until age 70 can boost your monthly payout. Social Security isn’t a full paycheck replacement, so don’t bank on it covering everything. Take a pause, run the numbers, and avoid these common slip-ups to make your retirement money go further! #Business #MakeMoney #RetirementHacks40Share
James Cook+FollowRetiring With a Big IRA? Here’s the RMD HackSo, you’re about to retire with a $2.6 million IRA—way above average! But now you’re sweating those required withdrawals (RMDs) and the tax hit. Here’s the scoop: you can dodge some of that tax drama by moving chunks of your IRA into a Roth account over a few years, not all at once. That way, you spread out the tax pain and keep your options open for future spending, travel, or even charity. Think of it as giving your future self more ways to enjoy your money! #Business #MakeMoney #RetirementHacks20Share
nkent+FollowHow Dividends Can Shrink Your Social SecurityEver thought living off your investments in retirement was the dream? Turns out, if you’re raking in $40k a year from dividend funds like SCHD and VYM, you could accidentally trigger a tax booby trap: up to 85% of your Social Security gets taxed! The more you make, the more Uncle Sam wants. Before you go all-in on high-yield ETFs, run the numbers—sometimes less (taxable income) really is more. #Business #MakeMoney #RetirementHacks00Share
cody79+FollowRetirement Feels Out of Reach? Here’s a FixFeeling like your retirement dreams are slipping away thanks to higher bills and market chaos? You’re not alone—nearly 40% of Americans are worried about running out of money. The good news: you can still take action. Nick Maggiulli suggests shifting some savings into short-term or local bonds to keep your nest egg steady. Focus on what you can control—like spending and smart investing—so you can actually relax about the future. #Business #MakeMoney #RetirementHacks00Share
Joseph Livingston+FollowHow Retirees Can Dodge Big Tax Bills in 2026Coffee break tip: If you’re nearing 73 and have a traditional retirement account, get ready for those required withdrawals (RMDs) that can bump up your taxes and Medicare costs. But here’s the hack: you can shrink those RMDs by moving money to a Roth IRA, giving to charity, or even making your younger spouse your account’s main beneficiary. It’s all about timing and strategy—think of it as stretching your retirement dollars further so you keep more cash in your pocket! #Business #MakeMoney #retirementhacks00Share
Christine Baxter+FollowRetirement Money Traps You Can DodgeHere’s a coffee break tip: Retirees often lose cash by skipping senior discounts, holding onto big houses, or helping out adult kids a little too much. The market shift? More companies offer deals for seniors, but you have to ask! Want to stretch your savings? Downsize your home, check for discounts everywhere (even car washes!), and set a budget for gifts and donations. Treat your nest egg like your favorite coffee—don’t let it leak! #Business #MakeMoney #RetirementHacks00Share
nkent+FollowRetirement Moves That Quietly Drain Your WalletHere’s a Suze Orman hot take for your next coffee break: loading up your IRA with fancy products (like variable annuities) can quietly eat away at your savings, thanks to hidden fees. Pair that with grabbing Social Security too early (like at 62), and you could be stuck with a smaller monthly check for life. The big money hack? Double-check what’s in your retirement account and think twice before claiming Social Security early—your future self will thank you! #Business #MakeMoney #RetirementHacks00Share
Joseph Livingston+FollowIs Your Retirement Plan Secretly Winning?Ever wonder if your retirement plan is actually ahead of the game? If you’ve got more than just Social Security to rely on, a real retirement account, and a habit of saving for emergencies, you’re already beating most Americans. The big shift: Many folks are falling behind because they don’t diversify or save enough for healthcare. Pro tip: Even small tweaks—like upping your savings rate or paying off debt—can put you on the fast track to a comfier retirement. Cheers to future you! #Business #MakeMoney #RetirementHacks00Share
Robyn Anderson+FollowShould You Grab Social Security Early?Thinking about when to start Social Security? Many retirees say they wish they’d started earlier—or waited longer! The big market shift: more folks are realizing the trade-off between getting smaller checks sooner vs. bigger ones later. If you’re healthy and expect a long retirement, waiting could pay off. But if you want more freedom now, starting early might be worth it. Just don’t forget about healthcare costs before Medicare kicks in! #Business #MakeMoney #RetirementHacks00Share
