Mike Gaddum

179 Flips | 6 Magazines | 52 Likes | 4 Followers | @MikeGaddum | Keep up with Mike Gaddum on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Mike Gaddum”

Retirees are leaving America to save money

Retired Americans who are down on their luck are moving out of the country to stretch their savings and Social Security income.<p>“For folks worried …

Retirement

Retirement planning: How much should I have saved in my 401(k) at age 40? Ask a Fool

How can you tell if you're on track for a comfortable retirement?<p>Question: I'm 40 and have $75,000 in my 401(k). Am I on track to retire comfortably?<p><i>Answer:</i> The short answer is that it depends what you mean by "comfortably."<p>The longer answer is that it isn't as much about hitting a specific dollar …

Retirement

Want to Work from Home and Save Money? Amazon, Apple, IBM, and Dell Are Hiring for These Remote Jobs

Technical or non-technical positions, there's something here for just about everyone.<p>FlexJobs, a leader in the flexible job movement that's currently disrupting the traditional workforce, has released data about how working remotely will save you money.<p>The average person can save between $4,668 to …

Employment

Should You Close an Unused Credit Card? The Answer Might Surprise You

Leaving it open could help your credit score -- but so could closing it.<p>If you have an old credit card sitting in the back of your wallet that you …

Personal Finance

You Finally Reached Retirement Age, But Now What?

Reaching retirement age is supposed to be a good thing, right? After all, turning 59 ½ gives you access to your 401(k), age 62 allows you to start collecting Social Security, and 65 entitles you to Medicare coverage.<p>These are all things we are taught to look forward to. Benefits we have worked our …

Retirement

7 Social Security "Did You Know" Moments

Were you aware of these Social Security facts?<p>Social Security arguably is the most important social program in this country, but you wouldn't know …

Retirement

If your resume shows any of these 7 things, it may cost you a job

While 75% of millennials think “job hopping” looks good, new numbers show that this may not be the case for tech employees. New research from …

Employment

Social Security checks are lower than many Americans expect, survey finds

Americans hoping to fund their post-work years on an average Social Security check of $1,410 a month may want to rethink their retirement savings plans.<p>Expectations for a secure retirement financed by monthly Social Security checks alone appear to be overly optimistic.That's largely because of …

Retirement

30 Social Security Stats That Might Surprise You -- and Make You Wealthier

Knowing some of these numbers can help you collect fatter checks in retirement.<p>There are lots of interesting and sometimes surprising facts about …

What's the Biggest Social Security Benefit I Can Get (and How Do I Get It)?

Find out what you need to know to get the most from the retirement program.<p>If you want to be financially secure in retirement, then making the most …

Retirement

To buy or to rent: The great homeownership debate

Should I buy a home? Curbed finds that it’s complicated<p>Have you heard? Owning a house is an investment, except that it’s really not. Home ownership is a vital wealth-building tool, aside from the fact that it’s financial suicide. Historically, the returns for owning a home outpace stocks, although …

Real Estate

Will You Wind Up Returning to Work After Retiring? Chances Are, Yes

Retired? Don't get too used to it. If you're not careful, you just might find yourself back at that old desk job.<p>Countless people look forward to …

You may be surprised what retirement income is taxed and what isn’t

The day will come when you say goodbye to having a manager. You won’t have to endure any more annual employee evaluations. You will no longer have to work unless you want to.<p>And with the end to your full-time employment years, you probably hope your tax bill will go down. It’s a perk that many …

Retirement

9 different ages for claiming Social Security -- and what they mean to you

Not sure when to file for benefits? Here's a rundown of your choices.<p>Social Security serves as a key source of income for millions of retired seniors, and as an eligible worker, you get an eight-year window to start taking benefits. Here are the various ages at which you might claim Social …

Retirement

Cheap House Improvements Under $500 That Will Increase the Value

The best kinds of house improvements are the ones that don't cost a fortune and increase the value of your home. Here's a slew of smart, painless projects.<p>Whether you intend to sell your home in the near future or stay put for the long haul, house improvements can increase the value of your …

Forget San Francisco and New York: These are the 19 best places to live where the typical home costs less than $260,000 and monthly rent is under $1,000

The best places to live are the cities where people are happy, job opportunities are abundant, pay is good, and housing is affordable.<p>So says U.S. News & World Report, which recently released its annual ranking of the best places to live in America. To rank the cities, U.S. News considered the job …

Real Estate

Social Security Wants You to Do These 5 Things to Plan for Retirement

Find out why April is the month to get started.<p>Social Security is a key program that pays benefits to tens of millions of Americans each and every …

Why You Should (and Should Not) Max Out Your 401(k)

Why You Should (and Should Not) Max Out Your 401(k)<p>It Does Not Always Make Sense to Contribute the Max to your 401(k)<p>Updated April 02, 2018<p><b>Eat</b> …

4 Retirement Rules to Live By

You could lose 50% of your savings if you don't follow this rule for retirement account withdrawals.<p>Retirement means no longer dealing with the daily …

When It's Safe to Shred Your Tax Records

Many records are no longer needed three years after filing your tax return, but you may have to keep documents involving the purchase of a house or …

Retirement

Here's a Retirement Strategy That Can Promise You Won't Run Out of Money

Don't just save for retirement and hope for the best. Here's a way to keep income flowing later in life.<p>Millions of Americans are poised to enter …

Suze Orman: Here's the No. 1 thing to do now if you want to buy a home soon

If you're planning to buy a home this year, you've hopefully saved up more than you think you'll need for a down payment. But stockpiling money isn't …

Personal Finance

News and analysis for those planning for or living in retirement

From MarketWatch:<p><i>What’s a required minimum distribution and what happens if you don’t take it?:</i> Turning 70 ½ years old and have a retirement account? …

Here's how much it costs a single person to live in the 15 largest US cities

Cost of living can look drastically different depending on where you are. It will cost a single person about $29,118 a year to live in Brownsville, Texas, for example, but in San Francisco that expense more than doubles, to $69,072.<p>That's according to the Economic Policy Institute's newly updated …

Housing

Medicare Advantage vs. Medicare Cost Plans: What's the Difference?

Depending on where you live, Medicare Cost plans may offer the “best of both worlds” for older adults who want the flexibility of keeping their …

3 Resilient Retailers Amazon Can't Touch

These three companies are still shielded from the Death Star’s superlaser.<p>Wall Street often presents a oversimplified view of the retail sector, with</b> …

3 ways to turbocharge your retirement savings

If you're concerned about having enough money in retirement, you're not alone.<p>And if you're behind on savings, you're in good company there as well. The average American's 401(k) balance just reached $104,300, while the average IRA balance hit $106,000, according to Fidelity. But while these …

Retirement

Retire here to get the most out of your Social Security check

Come for the pyramids. Stay for the low cost of living in retirement.<p>A recent analysis by personal finance site GOBankingRates found that Egypt is …

Retirement

How much you really need to earn to take home $100,000

For many American workers, earning a six-figure income is an impressive milestone. But it might not mean as much after accounting for state and local …

Retirement

3 reasons it's smart to take Social Security benefits at 62

Filing for benefits at 62 will cause your monthly payments to go down -- but that's a worthwhile sacrifice in these three scenarios.<p>For years, 62 has been the most popular age for seniors to file for Social Security, even though doing so causes benefits to get slashed. While your benefits …

Retirement