Retirement: The Best Timing Strategies for Couples

Retirement: The Best Timing Strategies for Couples

Nov 28, 2021 Staggering your retirement date from your spouse may benefit you both Many working couples dream of the day when they can retire and sail off into the sunset together. However, couples should consider whether retiring at the same time is the wise choice. There are both financial and emotional ramifications to retiring simultaneously compared to having one spouse work longer than the other. It’s a good idea to start thinking about these issues earlier than you may realize, when there is still time for each partner to map out a trajectory of how and when they’d like…
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5 Mistakes Couples Make When Planning for Retirement

5 Mistakes Couples Make When Planning for Retirement

5 Mistakes Couples Make When Planning for Retirement Nov 11, 2021 Steps you can take to avoid disagreements over spending and much more You’ve looked forward to retirement for decades — the chance to slow down the pace, to live in a different place, to see parts of the world you’ve only dreamed of, to spoil the grandkids just a bit. But if your spouse or partner has a different vision, if you don’t agree on financial issues or avoid them completely, then conflicts are inevitable. Left unattended, these problems may become so serious that they threaten your relationship. A…
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How much is capital gains tax?

How much is capital gains tax?

How much is capital gains tax? It depends on how long you held the asset and your income level Sep 12, 2021 If you earn money from the sale of a capital asset — your home, part of a business, stocks, or bonds, for example — that profit may be subject to capital gains tax. There are two categories of capital gains: short term (assets held for a year or less) and long term (assets held for longer than one year). The day you acquire the asset isn’t included in your holding period, but the day you sell it is.…
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