Here’s how to pull off a tiny tax rate when you earn $100,000 in retirement

Submitted on Sun, 03/11/2018 - 11:22 am

This is an article that discusses something I haven't seen much about, how to manage income taxes in retirement. The strategies are quite different than in your working years.

How is that possible? The main thing to understand: When it comes to your income, the government doesn’t tax every dollar equally. In fact, some dollars don’t get taxed at all. If you know the rules and are able to structure your income wisely, you could find yourself enjoying a high standard of living in retirement—without paying much tax at all.

Out-of-pocket health-care costs likely to take half of Social Security income by 2030

Submitted on Sat, 01/27/2018 - 11:24 am
Washington Post

new analysis by the Kaiser Family Foundation has found out-of-pocket health-care costs for Medicare beneficiaries are likely to take up half of their average Social Security income by 2030.

As many seniors already know, Medicare does not cover an increasing number of expenses related to health care. Among these are supplemental insurance premiums, deductibles, long-term care and dental services.

Paul Ryan is determined to gut Medicare. This time he might succeed

Submitted on Thu, 11/17/2016 - 5:53 am
LA Times

This is scary stuff. Medicare is critical if you want to retire. Without it most boomers and seniors would have crippling medical costs in retirement. Privatizing Medicare is NOT a solution. It would save the government money but throw the risk, and increasing costs, back on the recipients. And it's not broke! Don't break it!

Twelve Tips For A Successful Retirement

Submitted on Mon, 11/07/2016 - 5:45 am
Huffington Post

Over the course of the past four years, I’ve met an increasing number of retirees who have yet to find an enjoyable and productive use of their manifold talents and unbridled energy. Some have been so negatively impacted by retirement that they’re beginning to exhibit signs of depression, and medical issues are beginning to emerge. Given the plethora of needs in the communities where we live, and the talent possessed by retirees, there’s no need for any of us retirees to be bored, nor for needs of the community to go unmet.

The Case for Phased Retirement

Submitted on Sun, 11/06/2016 - 4:20 pm

We are revisiting what we mean by retirement, and it’s very clear that the definition of what people do even into their 70s is changing a lot, and people are continuing to work full time, continuing to work part time, and that has increased more for women than for men. There has been a big change in family structure, increases in divorce have left women more on their own, they may not be dependent on their husband’s pension or Social Security benefits, and of course women are living longer than men. So they have more need to think ahead to retirement.

Retirement Strategies From a Local Pro

Submitted on Sat, 11/05/2016 - 9:49 am

Based on over 40 years of experience, these are guidelines that a retirement expert uses for his own planning. Some key takeaways:

  • Work until 70, but not necessarily at the same job.
  • Develop sources of retirement income.
  • Control living expenses.
  • Take care of health.
  • Protect against catastrophic health conditions.
  • Stay socially engaged.