Retirement is a beautiful time in your life. You’ve done the daily grind, you’ve lived a life, raised kids, and had some adventures. It’s time to settle down for your golden years, reflect on your choices, and have some carefree fun. If you’re having trouble figuring out what to do with your free time, here’s a short list of ideas to get you started! 1. Get a part time job [...]

If you’re like most people facing retirement, you don’t have an unlimited budget. Even so, that doesn’t mean that you have to settle for living out what are supposed to be your golden years in a less-than-desirable locale just to make ends meet. Arizona vs. Florida for Retirement: Which Is Best for You? Retirement should be about enjoying your life with minimal stress and spending some time in the sun. To [...]

Retirement income comes in all forms, and pension payouts are just one of them. To the federal government, most pension payouts are fully taxable as income. To the 50 states and the District of Columbia, the tax picture for pension payouts is a bit more complicated. A patchwork of tax rules Eight states – Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming – don't tax income at all. [...]

Far fewer federal employees retired in 2020 compared to previous years, and for some, the pandemic and new telework arrangements have played a prominent role in their decisions to delay and their views about their jobs. A total of 92,008 federal employees retired in 2020, the fewest in nearly 10 years, according to a Federal News Network analysis of monthly data from the Office of Personnel Management. By contrast, OPM processed 101,580 [...]

If you’re thinking of becoming a landlord as part of your retirement strategy, do the math first. Buying homes, (maybe) fixing them up, and then renting them out is a popular investment for those seeking regular “passive” income after they’ve retired. (It’s seen as a route to wealth for many others, too). By some estimates there are between 8 million and 11 million private landlords in the U.S. Many, no doubt, have had great [...]

Reaching your retirement goals takes a lot of effort. Once you reach those goals, you have to continue the process in order to achieve the plans you put in place. Fiduciary retirement advisor Josh Smith of Strategic Wealth Designers joined us on the newscast to discuss 3 common financial mistakes to avoid in retirement to make sure you stick to your plans. The first mistake is frivolous spending. “Those small expenses can really add [...]