Budgeting in Retirement

More in Budgeting in Retirement

Can You Roll Over a 401(k) Into an Immediate Income Annuity?

u've packed up your desk, shaken hands all around and left the office for the last time as you begin the new phase of your life: retirement. Figuring out how to make ends meet for the rest of your life isn't easy. One way that allows you to continue receiving a regular ...

Can Both Spouses Get Social Security Retirement Checks?

ur Social Security benefit at retirement is based on your years of work and earnings, and generally, an individual must have 40 credits -- or four quarters of earnings for 10 years -- in order to qualify. However, a nonworking spouse can receive benefits based on a working ...

What Is a Contingent Annuitant?

contingent annuitant is the person who would be in line to receive your retirement pension check when you pass away. A contingent annuitant can also be added to a privately purchased annuity. In most cases, you select how much the survivor will be paid if you pass away first. ...

Deducting Moving Expenses After Retirement

en you are employed and move to a new location to start a new job, the IRS may allow you to deduct expenses related to your move if you meet certain conditions. This particular tax rule is of no help to people who move after retirement since they are no longer working. However, ...

The Disadvantages of an Immediate Annuity

en you retire, an important decision concerns how to create a comfortable income out of your investments without depleting them too soon. An immediate annuity can provide some peace of mind by paying a guaranteed income for life. Before handing your money over, however, consider ...

How to Increase the Loan Amount on a Reverse Mortgage

reverse mortgage allows you to borrow against the equity in your home. The principal limit is the maximum amount that you can receive from the reverse mortgage. This amount is determined at closing, and you are entitled to elect the payment option for how the funds will be ...

How to Invest Conservatively for Retirement

vesting the money you saved for retirement is important, but choosing the right investments is critical to preserving your funds. Many retirees rebalance their investment portfolios to focus more on conservative investments. Lower price volatility is a primary reason to invest ...

How Does a Joint and Survivor Annuity Work?

annuity is a monthly retirement payment guaranteed to last as long as you live. The joint and survivor option -- or requirement in some cases -- expands that lifetime benefit to the retiree and a spouse. The terms of a joint and survivor annuity depend on the source of the ...

Mandatory Withdrawals From IRAs

tirement funds in a traditional, SIMPLE or SEP IRA need to start being withdrawn annually at age 70 1/2. The Internal Revenue Service refers to this as the required minimum distribution, and failure to comply may result in significant penalties. Roth IRAs are exempt from ...

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