senior

Will you really run out of money during retirement? | FOX 4 Kansas City WDAF-TV

(NerdWallet) — Many U.S. households retire without enough money to maintain their pre-retirement standard of living. Once retired, though, people often reduce their spending enough to make their money last, according to a recent study by David Blanchett, head of retirement research at Morningstar, and Warren Cormier, executive director of the Defined Contribution Institutional Investment …

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Kiplinger’s Personal Finance: Which are tax-friendly states to retire in | Business News

The reason why retirees aren’t necessarily taxed the least in no-income-tax states is because so many other states offer generous tax breaks for common types of retirement income. For example, 28 states and the District of Columbia that have an income tax completely exempt Social Security benefits. Ten other states offer partial or full Social …

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