nkent+FollowHow Does Your 401(k) Stack Up at 70?Ever wonder if your 401(k) is on track as you hit 70? The average balance is about $425K, but most folks have much less—so don’t panic if you’re not there. People’s retirement paths are all over the map: some keep working, others cash out early, and market swings hit everyone differently. The real trick? Make your savings work for your lifestyle, not someone else’s. Mix in Social Security, budget smart, and remember: it’s your retirement, not a competition. #Business #MakeMoney #RetirementTips10Share
Willie Morales+FollowRetirement Tax Traps That Sneak Up On YouThinking retirement means less paperwork? Not so fast! Turns out, taxes in retirement can get trickier than ever, thanks to sneaky rules like required withdrawals from your 401(k) or IRA. Even a small withdrawal can bump up your tax bill and make more of your Social Security taxable. The real hack? Spread out your withdrawals and keep an eye on your total income—one surprise check can mean a bigger tax hit for years. Planning ahead saves cash! #Business #MakeMoney #RetirementTips00Share
Emily Rogers+FollowDon’t Let the IRS Crash Your Retirement PartyHere’s a money lifehack for your next coffee break: If you’re retired and have a traditional IRA, don’t forget to take your required minimum distributions (RMDs). Missing them can mean a surprise tax hit—think losing a chunk of your grocery or travel budget to the IRS. The rules keep changing, so set a calendar reminder or automate withdrawals. Staying on top of RMDs means more money for you, less for Uncle Sam! #Business #MakeMoney #retirementtips00Share
Samuel Gutierrez+FollowDon’t Let Your 401(k) Cost You in RetirementHere’s a quick money hack for retirees: If you’ve got a 401(k) or IRA and you’re 73 or older, don’t forget to take out your Required Minimum Distribution (RMD) each year. Skipping it could mean a surprise tax penalty—think $1,000 or more! Many folks with smaller balances forget, but setting up auto-withdrawals can save you the headache. Treat it like a yearly checkup for your wallet! #Business #retirementtips #moneyhacks00Share
James Cook+FollowChatGPT’s Retirement Income Hack for SeniorsThinking about how to keep your retirement cash flowing? ChatGPT says seniors should stash some money in investments that pay you back regularly—think bonds, dividend stocks, or even a little cash on hand. The idea: keep your bills paid without selling your other stuff when the market dips. But watch out for scams—retirees are big targets! Experts say: mix it up, get a second opinion, and don’t put all your eggs in one basket. #Business #MakeMoney #RetirementTips00Share
Robyn Anderson+FollowRetirement Money Traps You Can DodgeThinking about retirement? Here’s a quick money hack: Don’t rush to grab Social Security at 62 unless you really need it—waiting can mean bigger monthly checks. Also, don’t panic-sell your investments when the market dips; history shows things usually bounce back. And if you’re tempted to splurge on vacations or gifts, remember: your future self will thank you for sticking to a budget. Retirement is about enjoying life, not stressing over bills! #Business #MakeMoney #RetirementTips20Share
Ernest Harris+FollowRetirement Regrets? Here’s How to Dodge ThemEver wonder what retirees wish they’d done differently? Turns out, it’s not one big oops but a bunch of small habits—like not saving early, claiming Social Security too soon, or underestimating healthcare costs. The big shift? More folks are realizing that waiting to downsize or ignoring taxes can really bite later. The money hack: automate savings, plan for healthcare, and check your spending so you can sip lattes stress-free in your golden years. #Business #MoneyHacks #RetirementTips00Share
Willie Morales+Follow4 Quick Money Moves for a Smoother RetirementRetirees, don’t let 2025 sneak up on your wallet! Now’s the time for a quick financial tune-up: check your investments (too many stocks? Shift some to safer ground), take your required withdrawals to dodge IRS penalties, update your budget for Social Security and Medicare changes, and make sure your will and beneficiaries are up to date. These simple steps can help you keep more cash and avoid nasty surprises next year. Grab a coffee and knock these out for peace of mind! #Business #MakeMoney #RetirementTips00Share
nkent+FollowHow $1 Can Blow Up Your Medicare BillHeads up, future retirees: did you know making just a little extra money in retirement can secretly jack up your Medicare premiums? It’s called the 'Medicare tax torpedo,' and it hits when your income crosses certain lines—even by a dollar. That could mean hundreds more per month, just for cashing out some stocks or doing a Roth conversion. The trick? Spread out big financial moves and keep an eye on those income thresholds. Your wallet will thank you! #Business #MakeMoney #retirementtips10Share
Christine Baxter+FollowRetiree Tax Traps: Don’t Let the IRS Crash Your Golden YearsThinking retirement means you’re off the IRS radar? Not so fast! Retirees are getting flagged for audits more often thanks to new IRS tech and common money mix-ups. The biggie: Social Security benefits can be taxable, and if you don’t report them right—especially when you have a side gig or pension—the IRS might come knocking. Double-check your forms and keep your paperwork tidy to keep your retirement stress-free! #Business #MakeMoney #retirementtips10Share
