Robyn Anderson+FollowRetirement Rules Are Changing: What to KnowHeads up if you’re saving for retirement: some big rule changes are rolling out this year. If you’re a high earner over 50, those extra 401(k) contributions now have to go into a Roth account, which means you’ll pay taxes now but skip them later. Plus, the cap on state and local tax deductions is jumping, and seniors get a bigger standard deduction. Time to check your accounts and maybe tweak your savings plan! #Business #MakeMoney #retirement10Share
Robyn Anderson+FollowRetirement Rules Are Changing—Here’s the ScoopThinking about your retirement stash? This year, the rules are getting a makeover. If you’re a high earner over 50, your extra 401(k) contributions now have to go into a Roth account, which means paying taxes now but enjoying tax-free growth later. Plus, there’s a bigger tax break for state and local taxes, and seniors get a new deduction boost. Time to check if your plan needs a tweak—these changes could mean more money in your pocket down the road! #Business #MakeMoney #retirement00Share
Emily Rogers+FollowHow Does Your Nest Egg Stack Up at 68?Ever wonder if your retirement savings are on par with others your age? The average 68-year-old in the U.S. has a net worth around $1.79 million, but the median is closer to $410k—so don’t stress if you’re not a millionaire! The big shift: more retirees are mixing different types of accounts (like Roth IRAs and HSAs) to keep taxes low and healthcare covered. If you’re feeling behind, trimming expenses, paying off debt, and picking up a fun side gig can help boost your money mojo. #Business #MakeMoney #retirement01Share
nkent+FollowDon’t Let the IRS Crash Your Retirement PartyHere’s a quick money tip for your next coffee break: If you (or your parents) are in your 70s and have a retirement account, don’t forget to take out your required minimum distributions (RMDs). Vanguard says a surprising number of retirees are skipping this step, leading to painful tax penalties—sometimes thousands of dollars! The fix? Set up automatic withdrawals or combine your accounts so you don’t miss out. Think of it as putting your retirement on autopilot and avoiding a nasty tax surprise. #Business #MakeMoney #retirement00Share
Darius Alvarez+FollowIn-Laws Want Luxe Retirement—On My Dime?!Imagine your healthy in-laws deciding they want to move into a fancy retirement community—not because they need care, but because they want to be pampered. Now, picture them refusing to sell their house (so they can leave it to their other son) and expecting you and your spouse to pay for it all. Oh, and they can actually afford it, just don’t want to. Would you foot the bill for their dream lifestyle, or is this crossing the line? #Relationships #FamilyDrama #Retirement11Share
Christine Baxter+FollowWhy Rushing Social Security Can BackfireThinking about cashing in your Social Security at 62? A lot of folks did, only to realize later that those smaller monthly checks really cramp your style in retirement. The big lesson: If you can hold out, waiting means bigger, inflation-proof payments for life. Don’t let short-term money stress push you into a decision you’ll regret for decades. Sometimes, the best money move is playing the long game! #Business #MakeMoney #retirement13Share
Rebecca Cowan+FollowWhy Are Retirees Waiting Months for $$$?Retirees are stuck in a wild new healthcare mess: high-tech medicine is speedy, but getting reimbursed for basic stuff like dental or vision? That’s now taking 2-3 months! Blame AI bots flagging claims, federal staffing cuts, and new rules that make even routine care a paperwork nightmare. If you’re on a fixed income, waiting on $500+ is brutal. Anyone else dealing with this? Drop your horror stories below! #Health #BodyHealth #retirement10Share
James Cook+FollowDon’t Count on Social Security for RetirementHere’s a wake-up call for your coffee break: Dave Ramsey says 35% of Americans are betting big on Social Security for retirement—and they might be in for a rude surprise. With Social Security’s future looking shaky, it’s smarter to build your own savings safety net. Imagine retiring and realizing your monthly check barely covers groceries! Pro tip: Start stacking up your 401(k) or IRA now, so Social Security is just a bonus, not your main meal ticket. #Business #MakeMoney #retirement10Share
nkent+FollowHow Much Should You Have Saved by 50?Ever wonder if your retirement savings are on track as you hit the big 5-0? Experts say you should have about 5-6 times your annual salary stashed away by now, but most folks are behind. The good news: your 50s are prime time to play catch-up. Bump up those 401(k) contributions, use those catch-up perks, and remember—comparing yourself to the average can be misleading. Focus on your own goals and keep moving forward! #Business #MakeMoney #retirement10Share
nkent+FollowDon’t Let the IRS Crash Your Retirement PartyHere’s a money move you don’t want to skip: If you’re 73 or older with a traditional IRA or 401(k), you have to take out a minimum amount each year—think of it as the government’s way of saying, 'Time to share!' Miss it, and you could owe hundreds in penalties. The big surprise? Most folks who forget have smaller accounts, not big nest eggs. Pro tip: Set up auto-withdrawals or combine your accounts so you don’t leave free money (and peace of mind) on the table. #Business #MakeMoney #retirement00Share
