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Downsizing has become more difficult in recent years, with only 5% of people over the age of 65 reporting moving between 2016 and 2021, according to a report in Bloomberg. But Tom’s lack of ...
Pennsylvania is one of the 41 states that do not tax Social Security benefits. In fact, it doesn't tax any kind of retirement income -- not pension income, not withdrawals from 401(k) and IRA ...
Making their retirement work James said his state pension is about $40,000 a year, though he gets only a 3% raise each year because of a cap implemented over a decade ago.
While the average age of retirement in the U.S. is 61, Tom’s lack of savings and debt totalling $26,000 will make it challenging for him to retire comfortably, to say the least.
Given that U.S. adults aged 65 to 74 only have a median retirement savings balance of $200,000, according to the Federal Reserve's latest numbers, it’s easy to see how a need for some additional ...
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Pennsylvania has repeatedly been ranked among the best places to retire in the U.S. for myriad reasons. For many retirees, Pennsylvania has major appeal as a retirement destination because it ...
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