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Key takeaways. Relocating to a less expensive part of the country when you retire can help your retirement money go further. But in today’s housing market, buying a home in a new location may ...
“If a retiree can rent a home annually for less than 5% of the value of the home, they should rent — i.e. if a house is $500,000 but can be rented for less than $25,000 per year,” Mathis said.
Over time, you may have a larger retirement fund, which you can call on when you really need it. Cons. Impact on Social Security Benefits: Your part-time earnings can affect your Social Security ...
The amount that an individual can contribute to an RRSP each year is based on their earned income, up to a certain limit. Contributions to an RRSP are tax-deductible, which means that they reduce an individual's taxable income for the year in which they are made. This can result in a reduction in the amount of tax that the individual owes.
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A lower cost of living, better weather, lower taxes and a higher quality of life are all reasons to think about making the move to another country when you get ready to retire-- and leaving the U ...
If finances are tight during retirement, it can be useful to look at your home's equity. "Retirees that want to stay at home can find that this is totally plausible," says Lisa Odoski, a financial ...
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