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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 ...
The timing of retirement. Sometimes the decision to retire is a regret. About one-third of retirees regretted not working longer, according to Olivia Mitchell, co-author of a paper published in ...
Born in Scranton, Pennsylvania, Casey is the son of Bob Casey Sr., a former governor of Pennsylvania. After graduating from the College of the Holy Cross and the Catholic University of America, he practiced law in Scranton before beginning his political career as Pennsylvania Auditor General, a position he was elected to in 1996 and held until ...
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.
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Nina and James, a boomer couple, face financial struggles despite retiring with pensions in 2012. Unexpected medical expenses, deaths in the family, and inflation have strained their retirement ...
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