It’s a good practice to keep three to six months’ worth of living expenses in cash, whether you’re retired or not. Financial advisors often call this an emergency fund for unexpected expenses. But I’d argue that some expenses which typically get labelled as “unexpected” don’t really belong in that category. Take dental work and home repairs, for example.

Every so often, readers write me in hopes that I can help them avoid paying taxes on their retirement savings. Surely, they write, there’s a way to circumvent a tax bill on the money in their tax-deferred 401(k) or IRA? If I had such clever strategies up my sleeve, I’d probably be retired myself, kicking back in some tropical paradise after having made millions off my consulting work. You see, Uncle Sam doesn’t let us off that easy.

This 101-Year-Old Has Been Retired for 40 Years, Has a Healthy Savings Account, and Is a Track Champion. Here's His Impressive Path to a Rich Retirement By Elizabeth O'Brien Orville Rogers was forced into mandatory retirement from his pilot job at age 60. Refusing to let company policy keep him grounded, he flew his own planes until age 79. “I owned three different airplanes, and I enjoyed every one of them,” says Rogers, now 101, of Dallas.

This 105-Year-Old Martini Lover Has Been Retired for Almost 40 Years. Here Are Her Smartest Money Moves By Elizabeth O'Brien Patricia Lyons Harrington recalls applying for a credit card in the 1950s, when she was a single, middle-aged school teacher in Boston. The company turned her down, since gender discrimination was as common in credit transactions as in other aspects of society. More than a decade later, the tide began to turn, and the same company sent her a solicitation.

This Is the Cheapest and Most Scenic Retirement Destination Abroad By Paul Schrodt It’s hard to deny the itch to flee expensive cities in the U.S. for retirement abroad. The perks are obvious: Your savings can go a lot farther in many places overseas, especially when the exchange rate is favorable. You can live somewhere cosmopolitan and tropical for a lot less than you can in, say, Miami.

It’s the most wonderful time of the year...to make sure you’re taking advantage of deductions that will lower your 2018 taxes. The math is different this year: the new tax law nearly doubled the standard deduction to $12,000 per individual and $24,000 for married couples filing jointly. As a result, experts predict that the number of taxpayers who itemize their deductions, rather than take the standard deduction, will drop from about 30% of all filers down to just 10%.

They Followed Their Dreams and Retired to Mexico. This Is What No One Tells You About Starting a New Life Abroad By Suzanne McGee In the summer of 2012, Brad Johnson and his wife joined the thousands of Americans who each year decide to spend their retirement years living overseas. They rented out their house in Phoenix, Ariz.

The Best Black Friday Deals on Electronics and Tech at Amazon, Best Buy, and More By Brad Tuttle Attention 2018 Black Friday shoppers: Name any category of tech, and you’ll be able to find amazing discounts over the next few days. Black Friday tech deals are live on popular electronics like headphones, laptops, speakers, video game consoles, Apple gear, Amazon devices, and more. TVs too, of course.

FAO Schwarz Has Been Resurrected Just in Time for the Holidays. See What the Iconic Toy Store Looks Like Now By Jennifer Calfas That Big piano is back. FAO Schwarz has returned to New York City with the opening of a new flagship location just ahead of the holiday season. The high-end toy brand opened its doors Friday, November 16, in Manhattan — three years after it shuttered its iconic Fifth Avenue location.

If You Own a Mutual Fund, You Could Face an Unexpected Tax Bill This Year By Ryan Derousseau Some mutual fund investors, including ones at fund giant Vanguard, could face an unexpected tax hit this year. Typically, mutual fund investors only have to worry about capital gains when the market is booming — not this time around.