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1. Your Home. Downsizing from a $250,000 house to one that costs $150,000 could increase yearly income by $3,000 and reduce annual expenses by $3,250, saving $6,250 a year, Boston College's Center ...
7. Earning too much while filing for benefits. If you file for benefits before full retirement age and keep on working, you may end up drastically reducing your Social Security payout.
Retirement brings new financial challenges, particularly when Social Security makes up all or most of your income. To ensure a good quality of life later on, it's vital to cut spending now. Read ...
Here are 10 money-saving tips for after retirement. Consider a Side Gig. The last thing most retirees want to think about is work, but picking up a part-time job may offset some of the retirement ...
First things first: My Social Security benefits won't be my only retirement income. I doubt it will even make up the majority of my income, presuming there are no major setbacks for the long-term ...
Image source: Getty Images. Why I plan to spend my Social Security checks on healthcare. I'm in reasonably good health, but I'm also probably about 25 years away from retirement -- and a lot can ...
If you wait to apply for social security until the FRA, you can get a delayed retirement credit of up to 8% of your yearly benefits on top of the maximum benefit amount.
One thing you can expect from Social Security is that some kind of change will be implemented every year, and 2025 will be no exception. If you plan to retire in 2025 and file for Social Security ...
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