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Save more in your 401 (k) if you’re age 60 to 63. This one actually won’t be available until 2025, but after the last day of 2024 workers aged 60 to 63 can make a special catch-up contribution ...
17. Join the Sharing Economy. The sharing economy isn’t just for hipsters — retirees can also use this option to make money. If you don’t feel like sharing your home or driving people around ...
Explore Alternative Income Streams. “You could also explore alternative income streams, such as starting a side business or investing in rental properties, which can provide additional financial ...
Indeed, more Americans plan to retire in the coming year — with 22% saying they are likely to retire in 2024, up from 17% in 2022, according to an Allianz report. Meanwhile, for baby boomers who ...
If you have an Individual Retirement Account (IRA), the annual maximum is just $6,000 — but you can make additional “catch up” contributions of $1,000 a year if you are aged 50 and older ...
One of the misperceptions of early retirement is that it can't be done, Sprung said. “People have this conceptual idea that they have to work until 62 or 65, some retirement age that's kind of ...
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