Is retirement looking like a bummer for baby boomers because they haven’t saved much? Retire abroad may be the answer. Or not. I’m a natural born skeptic so when I find stories about Americans … [Read more...]
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Retire Abroad on Social Security – Deal or No Deal?
Filed Under: Expat Lifestyle for Baby Boomers, Retirement, Social Security Tagged With: expat, retire abroad, Retirement, Social Security, travel
Is Social Security Taxable? What Baby Boomers Need to Know.
Is Social Security taxable? In an earlier post I wrote that Social Security benefits can be taxed. And for many baby boomers it won’t be pretty either. Stay with me and I will direct you to a … [Read more...]
Filed Under: Retirement, Retirement Planning, Social Security Tagged With: baby boomers, Retirement, Social Security, Tax
How to Screw Up Your Spouse’s Retirement
The best way to spoil your wife's post you years is to keep all the secrets to yourself. It's so easy I hardly need to tell some readers of The Boomer Post. But just in case you slipped and told her … [Read more...]
Filed Under: Retirement, Social Security Tagged With: Retirement, Social Security
Tax on Social Security? Why Boomers Should Retire in Egypt
Want to avoid income taxes in retirement? Sure, who doesn’t. Except people who don’t have any retirement income. But wait. There is a potential tax on Social Security benefits. Yes. They are … [Read more...]
Filed Under: Retirement, Social Security Tagged With: Social Security, Tax
RMD: The Older Boomers Get, the More They are Taxed
Ever hear of RMD? Not R&D, Poindexter. R-M-D, which stands for Required Minimum Distribution. It's the government's way of taxing boomers more as they age. Here's how it works: Let's say you … [Read more...]
Filed Under: Featured, Retirement, Social Security Tagged With: RMD, Social Security, Tax
How Baby Boomers Can Game Social Security Payments
It's legal. Gaming Social Security payments for more money, that is. Start with this: For every year you decide not to take payments beyond full retirement age you get an 8% raise. Forever. This works … [Read more...]
Filed Under: Retirement, Social Security Tagged With: Social Security
Free Money for Baby Boomers in Retirement
Let's say you're 62 years old. And let's say you don't want to eat dog food and beans in retirement. Or you just want to have more fun which all baby boomers want to do. Well, go straight to the bank … [Read more...]
Filed Under: Retirement, Social Security Tagged With: Retirement, Social Security
Getting Your Maximum Social Security Benefit
Wanna game the Social Security system in retirement? That is, squeeze the most juice out of it? Get your maximum Social Security benefit? Well, listen up. Don't just belly up to the bar and sign … [Read more...]
Filed Under: Retirement, Social Security Tagged With: Retirement, Social Security
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