-
5 days ago | 
financebuzz.com | Michelle Smith |Calista Headrick
Once you reach retirement age and start receiving a monthly Social Security check, you might think your days of paying taxes are behind you, at least when it comes to paying taxes on Social Security benefits. Unfortunately, just like any other type of earned income, Social Security benefits for retirees are subject to federal income taxes. Keep reading as we set the record straight with these 11 crucial facts about Social Security, retirement, and taxation.
-
6 days ago | 
financebuzz.com | Michelle Smith |Chris Kissell
Medicare — the nation's government-sponsored health insurance program for seniors — comes with many free perks. These frequently overlooked senior benefits can help seniors stay on top of their health without requiring them to pay for services out of pocket. Here are some key Medicare benefits you can use once you become eligible for the program.
-
6 days ago | 
financebuzz.com | Michelle Smith |Calista Headrick
From eggs to gas prices, expenses have likely gone up in just about every aspect of your daily life. The financial strain is taking a toll on American families and individuals, especially car owners who still need to cover necessary maintenance, repair, and travel expenses. Fortunately, some tax-based money moves for car owners may help lighten your financial load when you file a tax return.
-
1 week ago | 
financebuzz.com | Michelle Smith |Jennifer Vermeer
If you're over 50 and haven't hit your retirement savings goals, now is the time to look for a better-paying job, make extra money with a side gig, or prospect for senior-friendly places to work after retirement. Whatever the reason behind your job hunt, finding an ideal employer is one of the best ways to hit your savings goals and turn your retirement dreams into reality.
-
2 weeks ago | 
financebuzz.com | Michelle Smith |Lauren Wellbank
From temperate weather to friendly neighbors, the South is a dream retirement location for many seniors. Along with its famous local cuisines and rich cultural histories, the region has a notably low cost of living, which makes it an extra appealing locale if you're living on a fixed income and trying to stretch your retirement dollars further.
-
2 weeks ago | 
financebuzz.com | Michelle Smith |Sara Albertelli
Retirement can be challenging, even more so for stay-at-home parents who perform unpaid caregiving work while their spouses work outside the home. If you're among the 15% of stay-at-home caregivers, you could be eligible to receive Social Security payments depending on your current or former spouse's work history. Keep reading to learn more about which benefits you could be eligible for to help you get ahead financially and how to claim them.
-
2 weeks ago | 
financebuzz.com | Michelle Smith |Michael Cook
Have you heard about the Kardashian-Jenner cookie collaboration with Crumbl and the bad TikTok reviews on Kourtney's Flourless Chocolate Cake? While this collection is no longer available, there's still a good chance that this week's lineup of cookies could be just as disappointing. With an enticing aroma and those iconic pink boxes, Crumbl might lure you into the store. But they aren't exactly cheap, and you might be left wondering if these oversized treats are worth the cost.
-
2 weeks ago | 
financebuzz.com | Michelle Smith |Chris Kissell
The idea that anyone can get ahead if they work hard enough is persistent inAmerica. You probably think that committing to working harder can help you get out of debt andgrow your savings. But is that true? Below, we list some key signs that suggest you might be stuckin your current income bracket for longer than you planned. You live paycheck to paycheck Geber86/Adobe Everyone wants to movebeyond living paycheck to paycheck.
-
2 weeks ago | 
financebuzz.com | Michelle Smith |Amanda Machado
At age 70, you have likely either retired or are looking forward to it within a decade. After a lifetime spent planning for retirement, it's time to see how well your efforts to build a nest egg have paid off. But it's hard to know how you're doing financially simply by looking at the numbers in your bank account. How can you be sure you're in a good fiscal spot at the start of this pivotal decade?
-
2 weeks ago | 
financebuzz.com | Michelle Smith |Amanda Machado
Moving to an area with a lower cost of living is one key way to avoid wasting money in retirement, especially if you're living mostly off of Social Security benefits. Fortunately, there are states where you won't have to trade beautiful weather, relaxing beaches, or bustling local scenes for affordability. That includes North Carolina, where you can find all of the above at a price your budget can accommodate.
