Homeowners have access to certain tax deductions that don’t apply for renters — and these tax breaks can add up to quite a sum.
Approaching your retirement date is exciting, but it can also be scary. Once you quit your job for good, you’re entirely dependent on whatever sources of retirement income you’ve developed during your working years, plus whatever you might be able to earn after you retire. If that money comes up short, you could spend retirement barely scraping by instead of living life to the fullest. Luckily, there’s a pretty reliable way to avoid that frightening predicament.
Having an accurate goal for your retirement savings is a critical part of planning for retirement.
Once you turn 65, you’re eligible for Medicare. But before you sign up, it’s important to understand just what the different parts of Medicare cover and how much they cost, so you don’t end up wasting money on things you could be getting for free. Because Medicare Part A is the most basic part of Medicare, it’s an excellent place to start.