A man ponders whether he can afford to retire at 62 with $2.5 million in a Roth IRA. Retiring at age 62 and filing for Social Security will reduce a person’s lifetime benefits by up to 30% compared to waiting until their full retirement age. However, a person with $2.5 million in a Roth IRA […]
A woman reviews her IRA balance and calculates her Social Security benefits. Half a million dollars might sound like a lot of money, but if you’re approaching retirement, is it enough? If you have $500,000 in a pre-tax IRA and expect $2,000 per month from Social Security, you may have enough money to retire at […]
One of the greatest aspects of putting your money to work on Wall Street is that there isn’t a one-size-fits-all strategy to wealth creation. Regardless of your investment style or approach, there are always pathways to grow your nest egg. However, there are certain investing strategies that are tough to top. One such strategy that’s […]
More than 300,000 people were on track to cross the US-Mexico border in December without authorization and are being processed by American immigration officials, a tally that sets the latest monthly record, according to government figures obtained by CBS. The number of crossings, averaging roughly 8,400 apprehensions a day by US border agents, comes amid […]
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What Is a Good Monthly Retirement Income for a Couple? For a married couple approaching retirement, few things carry more significance than knowing how much income they’ll need to maintain financial stability and live comfortably after they stop working. Budgeting for retirement involves estimating your post-retirement income and calculating your essential and discretionary expenses. This […]
Retirement planning is an intricate process that requires understanding and integrating various income sources. Imagine the following financial scenario: You have a $1 million Roth individual retirement account (IRA), an annual state or local pension averaging $22,172 and a Social Security benefit that amounts to $1,827 per month. Will this be enough to retire at […]
This week’s top-selling home in Fall River is an impressive investment property that sold for $750,000. Located next to Lafayette Park, 79 Thomas Street was built in 1977. This multi-family has 4,437 square feet of living space. This home has three one-bedroom and three two-bedroom completely renovated units with modernized kitchens and bathrooms. Built in 1930, […]
At $4,000 monthly rent, opportunities widen significantly for market-rate apartments in more-upscale Westchester and Rockland buildings, including some units with more space. That’s how expensive the region is, with its close New York City proximity. Peruse listings, and places with by far the most apartments — cities such as Yonkers, New Rochelle and White Plains […]
Financial advisor and columnist Brandon Renfro My monthly Social Security is $3,178, my pension will be $2,090 per month and my 401(k) has $800,000. If I use the 4% rule, where do I stand tax-wise? – Reggie This is a great question. I hope it goes without saying, but without having all of your information […]
Buyout decisions have become increasingly common for those with a pension plan. If you get this offer, the most important questions to deal with include when you would you receive the payout, and how long you expect to live. The earlier you would receive a lump sum payout, the more it will be worth to you […]
Apple Inc. (NASDAQ:AAPL), the world’s most valuable company in terms of market capitalization, is an investor-favorite stock. As the tech sector rebounded this year after a brutal rout, Apple has been one of the best-performing large-cap stocks, gaining nearly 50% year-to-date. Legendary investor Warren Buffett called Apple one of his “crown jewels,” claiming it is […]