Samuel Gutierrez+FollowShould You Raid Your 401(k) After a Layoff?Lost your job in your 50s and eyeing that big 401(k) stash? It’s tempting, but think twice before cashing out early. The IRS takes a big bite—up to 40% in taxes and penalties—and you lose out on future growth. Unless you’re facing a true emergency, it’s smarter to cut back on spending, pick up some side gigs, or tap other funds first. Your future self will thank you! #Business #MoneyHacks #Retirement00Share
Christine Baxter+FollowWhere to Retire Without Paying Sales Tax?Thinking about stretching your retirement dollars? Only five states in the U.S. skip sales tax entirely—Delaware, New Hampshire, Oregon, Alaska, and Montana. But before you pack your bags, know that some of these spots make up for it with higher income or property taxes. The real money hack: weigh all the taxes and living costs, not just sales tax, before making your move! #Business #MakeMoney #retirement00Share
Mrs. Jessica Morgan+FollowWould You Quit Retail for a Younger Coworker?Imagine being retired with $2.2 million in the bank and working a couple of retail shifts just for fun. Now, your younger coworker, who actually needs the money, just had her hours cut. Should you quit so she can take your shifts? Before making a move, chat with your manager—your hours might not automatically go to her. Plus, if you love the social vibe, consider volunteering or joining a club instead. Sometimes, giving back is the best currency! #Business #retirement #moneytalks00Share
Emily Rogers+FollowHow seniors are surviving on $600 a monthLiving on just $600 a month in retirement is a reality for many, especially those with little Social Security or savings. In Florida, one 78-year-old woman is making it work—thanks to a paid-off home, help from her daughter, and creative budgeting. Financial advisors recommend setting clear boundaries when helping family, working with local social workers, exploring programs like SNAP, and meeting with estate attorneys to protect assets. Downsizing and shopping around for better Medicare plans can also make a big difference. What do you think—are these steps enough, or does the system need to change? #Business #MakeMoney #Retirement93Share
Willie Morales+FollowRetirees: Don’t Miss This $6K Tax Break!Heads up if you’re 65 or older: Congress just passed a law that gives you a juicy new tax break—up to $6,000 a year (or $12,000 for couples) from 2025 to 2028. This is on top of your usual deductions, and you can use it even if you itemize. For many retirees, this could mean less tax on Social Security and more cash for coffee, travel, or spoiling the grandkids. Just watch those income limits! #Business #MakeMoney #retirement00Share
Emily Rogers+FollowHow Millionaires Can Outsmart the Tax ManIf you’ve got a $2M+ nest egg, taxes can eat more of your retirement than a market dip. Here’s the coffee break version: Use Roth conversions to pay taxes on your terms, not Uncle Sam’s. Time your withdrawals and charitable gifts to keep your tax bill low and your Medicare premiums in check. The real hack? Treat year-end as your chance to play offense, not defense, so more of your money stays in the family, not the IRS. #Business #MakeMoney #retirement00Share
Brian Sanchez+FollowRetirees hit hard by HOA winter fee hikesWinter is bringing a new wave of HOA fee increases, and it’s retirees on fixed incomes who are feeling the pinch the most. From higher emergency repair reserves to unexpected special assessments for winter projects, these costs can quickly add up—especially during the priciest season of the year. Many are questioning whether the extra charges for things like landscaping and utility pass-throughs are truly necessary. Staying on top of HOA budgets, attending meetings, and pushing for transparency can help keep costs in check. Have you noticed your HOA fees going up this winter? Let’s talk about what’s fair and how to handle these changes. #RealEstate #HOAfees #Retirement00Share
jhampton+FollowIs the 4% Rule Toast for Retirees?Thinking of retiring early and living off your nest egg? The old 4% rule—where you withdraw 4% of your savings each year—might not cut it anymore. Vanguard says future returns could be way lower, so sticking to that rule could drain your cash faster than you think. If you want your money to last, consider dialing back withdrawals or mixing up your investments globally. Flexibility is the new money hack! #Business #Market #retirement00Share
Joseph Livingston+FollowShould You Really Wait Till 70 for Social Security?Thinking about holding out till 70 to claim Social Security? The math says you’ll get bigger checks, but real life isn’t that simple. If you need cash sooner, have health worries, or want to enjoy your money while you’re still active, claiming earlier could actually make more sense. Plus, the longer you wait, the more you risk missing out if life throws a curveball. Bottom line: Don’t just follow the spreadsheet—think about your lifestyle and what matters most to you. #Business #MakeMoney #retirement20Share
Robyn Anderson+FollowHow to Max Out Your Social SecurityThinking about early retirement? Here’s the scoop: if you start cashing in your Social Security at 62, your monthly check could be 30% smaller than if you wait until your full retirement age (now 67 for anyone born in 1960 or later). The longer you wait—up to age 70—the bigger your payout. So, if you want more coffee money in your golden years, patience pays! #Business #MakeMoney #retirement20Share
