Tag: senior finance

Strategies to Supplement Social Security Benefits for Retirement Income

Explore key strategies U.S. retirees can use to supplement Social Security benefits, including 401(k) and IRA withdrawals, continued employment, and annuities for stable retirement income.

Army Veteran's $1.5M Fundraiser Highlights Pension and Healthcare Gaps

Ed Bambas, an 88-year-old Army veteran, benefits from a $1.5M crowdfunding effort after pension loss and healthcare coverage gaps exposed by GM bankruptcy, spotlighting insurance and retirement fund challenges.

Financial Strategies for U.S. Seniors: Enhanced Retirement Contributions and Tax Benefits After 50

Explore enhanced retirement savings options and tax strategies available to U.S. seniors aged 50 and above, including catch-up contributions, tax deductions, RMD rules, and more to optimize retirement readiness.

Annuities as a Reliable Income Supplement for Retirees: Insights on $50,000 Investment Payouts

Explore how a $50,000 annuity can provide predictable monthly income for retirees, including payout factors like age, annuity type, and tax considerations. Understand the role of annuities in retirement income strategies amid market volatility.