From mortgages to taxes to Social Security to general money issues, there are many financial topics that active adults need to know about. You’ll find answers to all your important retirement finance questions here, whether you’re getting ready to retire or need information on different state tax situations.
Although misinformation can easily spread about the ins and outs of Social Security benefits, it’s important to separate fact from fiction so active adults can feel empowered to plan their retirement finances. We found and dispelled five common myths about Social Security to reveal some major truths about the system.
When it comes to perceptions about tax rates, California gets a bad wrap. While many active adults are drawn to the Golden State for its idyllic weather, diverse entertainment options, and proximity to the beach, mountains, lakes, and other natural wonders, others are put off by what they believe to be high tax burdens.
The mortgage process is pretty complicated. Even if you’ve gone through it before, it’s easy to get tripped up with all the steps, documentation, and financial jargon of it all. Are you planning on applying for a mortgage soon? Before diving straight in, here are some answers to commonly asked mortgage questions.
Maximizing your employer-provided investment benefits is critical if you want a comfortable, enjoyable retirement. But how do you do that? It requires a deep understanding of your employer’s exact investment offerings–in most cases, a 401(a) or a 401(k) plan.
The Federal Reserve cut the federal funds rate at its meeting this week, marking the second time in only 11 years the group has done so. The rate now clocks in at 1.75-2%, down from 2.25-2.5% late last year. A change in the federal funds rate won’t impact you directly, but it might trickle down to your pocketbook eventually.
Whether you’re planning to downsize or buy a second home in retirement, you’ll likely need a mortgage to help you do it. In fact, even if you’re staying put in a fully paid-off home, a mortgage might still be a good move for your finances. Here are the mortgage loans that can help you do it.
Many retirees simply do not understand the ins and outs of taxes after they retire. In fact, many retirees have said that they wished that they had a better understanding of the topic. Here’s where to go if you want to avoid high taxes in retirement.
When purchasing a home, most people think homebuyers receive ownership over both the home and the land upon which it is built. Though this the traditional practice, there is an alternative called land-lease communities. Find out everything you need to know about this type of property before buying.
Florida has long been a destination for active adults and retirees. That’s not just because of warm climate and sunny days, the state’s low tax burden is also a huge plus. If you’re thinking of moving to a 55+ community in Florida, here’s a handy tax breakdown to guide you.
The U.S. government approved a new tax plan last month and the effects will start being felt in 2018. This article explains how retirees and active adults will be affected.
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We’re changing the way people 55 and older are searching for their perfect next place. With a national network of hand-selected real estate experts, plus comprehensive information, unbiased content, and on-the-go insight about thousands of communities across the country, we’re a trusted resource paving the way from here to home. Whether you’re interested in a low-maintenance single-level residence, an active lifestyle or age-qualified community, an intimate enclave, or anything in between, we can help you make your next move the best one yet.
We’re changing the way people 55 and older are searching for their perfect next place. With a national network of hand-selected real estate experts, plus comprehensive information, unbiased content, and on-the-go insight about thousands of communities across the country, we’re a trusted resource paving the way from here to home. Whether you’re interested in a low-maintenance single-level residence, an active lifestyle or age-qualified community, an intimate enclave, or anything in between, we can help you make your next move the best one yet.
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