WEP & GPO Repeal: Unlock Your Lump Sum with Caution—Avoid This Tax Pitfall!
The recent repeal of the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) marks a noteworthy shift for many retirees who hold government pensions. These provisions once reduced Social Security benefits for millions. Now, with the repeal, eligible retirees can expect increased payments, including retroactive lump sums. Still, as with any significant change […]
Budgeting for Adventure: A Deep Dive into Our Global Travel Costs and Income Strategy
Traveling the world can offer incredible experiences, yet it often raises questions about how to manage money wisely while on the road. We recently spent a full month in Japan and shared insights on how we handled our budget and income during this time. Japan’s reputation for being an expensive destination made this journey a […]
Unlocking Home Equity: How Eliminating Capital Gains Tax Could Transform the Housing Market for Seniors
President Trump has recently suggested removing the capital gains tax on home sales to help revive the slow housing market. This change would mainly benefit older homeowners who live in states with high home prices. Currently, the government allows homeowners to exclude $250,000 in capital gains if they are single, or $500,000 if they are […]
Why Working Longer Won’t Secure Your Retirement: Insights from Expert Teresa Ghilarducci
Expert Cautions That Working Longer May Not Secure Retirement For years, experts advised that staying in the workforce longer could help people build a stronger financial base for retirement. Some research, such as a 2018 study, even suggested that delaying retirement by as little as six months could improve financial security more than increasing savings […]
The Disappearing Oasis: 10 U.S. Cities Where Retirees Are Finding It Hard to Stay
You’ve worked your whole life, paid off your mortgage, paid your taxes, and now it’s time to retire. Your dream was warm weather, low stress, and a decent view without disturbances from neighbors. But the cozy retirement towns you once admired are changing quickly. Gentrification, rising costs, and sweeping demographic changes are making it harder […]
