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For Clark, this consisted primarily of Social Security and withdrawals from retirement savings. “My primary source is Social Security, which comes in at around $1,500 a month,” said Clark ...
Not all debts are created equal, so retirees should prioritize paying down certain debts over others. “The first step is to make a list of the debts that you currently owe and place them into ...
5 steps for managing your money in retirement. As you’re planning for your retirement, you’ll need to forge ahead as best you can. You won’t have the safety of a job to bolster your finances ...
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By paying lower taxes, you’ll keep more money in your accounts working for you. 5. Invest with income in mind. After you’ve locked in your retirement plan contributions, it’s a good idea to ...
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What the average American retiree makes. Americans 65 years and older had a median annual income of $50,290 in 2022, according to the latest data froom United States Census Bureau. While this ...