Tag: retirement

Retire Simpler, Live Richer: Your Guide to Downsizing for a Comfortable Future
October 13, 2025 Off

Retire Simpler, Live Richer: Your Guide to Downsizing for a Comfortable Future

By The Admiral Staff

Downsizing for retirement can offer both financial and emotional benefits by simplifying your lifestyle. Key steps include decluttering your home, moving to a smaller living space, and selling or donating unused belongings to generate extra income. Reducing transportation and monthly expenses, embracing minimalism, and planning for future healthcare needs are also important aspects of downsizing for a more comfortable and financially secure retirement. The article also suggests various ways to earn extra money through online surveys, tasks, and games.

Where to Retire Rich: The Best States for Your Finances
October 12, 2025 Off

Where to Retire Rich: The Best States for Your Finances

By The Admiral Staff

The article identifies the best states for retirement based on financial considerations like taxes and cost of living. It highlights states with no income tax (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming) but notes they may have high property taxes. The top 5 overall financially friendly states for retirement are Mississippi (no taxes on Social Security, pensions, IRAs, or 401(k) withdrawals), Arkansas (low cost of living), Tennessee (no

Retirement Ready: Finding a Fiduciary CFP Near You
July 25, 2025 Off

Retirement Ready: Finding a Fiduciary CFP Near You

By The Admiral Staff

To find a qualified financial planner for retirement, the author recommends searching the CFP Board’s website (letsmakeaplan.org) for Certified Financial Planner (CFP) professionals in your area. It’s crucial to ensure the planner is a fiduciary, meaning they are legally obligated to act in your best financial interest. The article provides a list of questions to ask potential planners to assess their credentials, services, approach, client types, fees, and potential commissions, and advises verifying their certification and disciplinary

Lost 401(k)? Here’s How to Find It (and Earn Extra Cash While You’re At It)
June 24, 2025 Off

Lost 401(k)? Here’s How to Find It (and Earn Extra Cash While You’re At It)

By The Admiral Staff

To locate lost 401(k)s, start by contacting HR at former employers and checking W-2s for retirement plan contributions. If that fails, utilize free public databases like the National Registry of Unclaimed Retirement Benefits and the Department of Labor’s Abandoned Plan Search. Services like Beagle and Capitalize can assist, though they may charge fees; Beagle is considered legitimate. The article also suggests several ways to earn quick cash through online surveys and tasks.

Navigating Medicare & Social Security at 65
May 17, 2025 Off

Navigating Medicare & Social Security at 65

By The Admiral Staff

A reader approaching 65 is concerned about affording Medicare Part B and asks if taking Social Security now, with deductions for Medicare, is better than waiting. Experts advise that while filing for Social Security before full retirement age (66 and 7/8) will reduce monthly payments, prioritizing healthcare needs or financial stability outweighs maximizing benefits. Social Security budgets for lifetime payments, so early filing simply spreads the total amount over a longer period. Alternatives for lowering Medicare costs are also available at Medicare.gov.