Many parents find themselves with extra money when their kids leave for college. But instead of hunkering down and putting those extra funds toward retirement, more than half of adults increase their spending and ignore the future. We give you helpful tips that will allow you to have fun with your hard-earned money and even splurge a little bit, but also save for retirement and secure the days ahead.
Tag: income in retirement
As many Americans know, you can retire and start collecting Social Security benefits anytime from age 62 to 70. Most people start collecting right away at age 62. But what many people don’t know is that you can raise your benefit substantially by exercising a few simple options. Certified Financial Planner, Tammy Kraig, explains what these options are and how much you can boost your benefits by using them.
You’ve cut your cable, phone plan and insurance policies. You’ve trimmed daily expenses until you can trim no more. Yet, you still don’t have enough to live comfortably during your retirement years. Certified Financial Planner, Joel Ohman, writes about the other side of your budget planner – income – and shares five out of the box ways to make money as a retiree.