Early Retirement Resources 10/30/2023
Updated: 2023-10-30 14:55:50
This month we start with an article that provides a framework for thinking about optimizing retirement income. Then we’ll explore timely strategies that can be applied to this framework. I explore last year’s hot investment topic, I Bonds, to see if they still have relevancy for investors today. Then we’ll switch our attention to a...
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How many of these 27 financial planning mistakes are you making? Almost everyone fails at #4 and #23. Explore the problems and how to fix them.
The post The 28 Big Financial Mistakes that Most People Make and 28 Easy Fixes for a Better Future! appeared first on NewRetirement.
Asset location is an important concept if you are trying to save and build wealth. Explore ways to locate funds to minimize taxes.
The post Asset Location: How Tax-Smart Investing Can Supercharge Your Portfolio appeared first on NewRetirement.
October is National Retirement Security Month, a time to learn more about the importance of saving and your potential sources of income in retirement. Even if your own retirement seems far off in the future, it’s never too early to start developing your plans for retirement. NYSLRS and Retirement Security Check out these blog posts […]
I originally wrote this post in 2012 to figure out how early retirement impacts Social Security benefits. A lot has happened since then. I retired from my engineering career to ... Read more
The post How Early Retirement Impacts Social Security Benefits appeared first on Retire by 40.
It's 2024 Medicare Open Enrollment time. Here are 13 tips for getting great coverage and lowering medical costs.
The post Medicare Open Enrollment: Why You Need to Assess Your Insurance Annually and 13 Tips for Getting Great Coverage appeared first on NewRetirement.
Find out why putting yourself in the mindset of your 80-year-old self and hearing what they have to say is really important.
The post What Advice Would Your 80-Year-Old Self Offer to You Today? appeared first on NewRetirement.
Get a guided walk through of the new Roth functionality and get tips for making the most of the tool. Plus explore all the ways we help you make better decisions about conversions and tax deferred savings.
The post How to Model Roth Conversion Strategies in the NewRetirement Planner appeared first on NewRetirement.
We accumulate a lot of important documents over a lifetime — things such as birth certificates, diplomas, deeds, wills, insurance policies and more. If you’re like many people, you may have papers stuffed in drawers, filing cabinets or boxes in the attic. If you need an important document, will you be able to find it? […]
Are you wealthy? You may be paying extra for Medicare. Find out why and how to reduce your IRMAA - Income Related Monthly Adjustment Amount.
The post Medicare Surcharges (IRMAA): How the Wealthier Pay MORE for Coverage appeared first on NewRetirement.
The Social Security cost of living adjustment (COLA) for 2024 stands at 3.2%, much less than 2023. Is it enough?
The post Modest Social Security Benefit Increase for 2024: Is it Enough? appeared first on NewRetirement.
Here are 10 ways today's retirees say they would have planned differently, and what you can do to avoid these retirement regrets.
The post Retirement Regrets: Top 10 Things Retirees Wish They Would Have Done Differently appeared first on NewRetirement.
Explore 5 categories of expenses and get get tips for auditing your spending to better achieve your near- and long-term goals.
The post Audit Your Spending: 5 Ways to Review Your Expenses to Ensure Your Desired Financial Outcomes appeared first on NewRetirement.
A good estimate of your post-retirement income is essential for effective retirement planning. But gauging your income can be tricky when it comes from multiple sources. Fortunately, there are a variety of online calculators that can help you get started. NYSLRS Benefit Calculator Most NYSLRS members can quickly create a pension estimate using Retirement Online. […]
It may not come up during your career, but if you leave public employment before you are eligible to retire, you should know what happens with your NYSLRS membership and benefits. Your options will depend on how many years of service you have. It’s also important to keep your account information up to date. If […]