Louisiana is a southeastern U.S. state on the Gulf of Mexico, it’s one of the best states to live in the United States, with affordable housing, great public and private schools, and safe cities. Louisiana is one of the happiest states with vibrant culture, lively communities, flavorful and diverse cuisines, and beautiful outdoors.
Here’s our list of the best places to live in Louisiana. 10. Lafayette. (overall) 9. Baton Rouge. (overall, affordable) 8. Shreveport. (overall) 7. New Orleans. (overall, retire) 6. Lake Charles. (affordable) 5. Bossier City. (affordable) 4. Alexandria. (overall) 3. Metairie. (retire) 2. Mandeville. (family) 1. Prairieville. (family)
Famous for lively and colorful Mardi Gras celebrations that are full of soul, jazz music, distinctive foods, and flavors, and for its many festivals all throughout the year, Louisiana is also home to the world’s longest water-spanning bridge and the USA’s tallest state capitol. Unfortunately, the weather in Louisiana is unpredictable, to say the least. Plan to experience all four seasons in just a few days! Residents living in Louisiana enjoy a subtropical climate characterized by hot, humid summers and mild winters. Temperatures can vary wildly and while one day may be perfect beach weather, the following day could be wet and windy or shiver-inducing cold. Louisiana is filled with some of the most amazing small towns and bigger cities in the country. Located on the Gulf of Mexico, Louisiana provides a variety of outdoor recreation options from beaches and swamps to golf courses, hiking trails, and bike paths. New Orleans, Lafayette, Lake Charles, LaPlace Kenner, and Shreveport are among the best places to live in Louisiana. Top industries in Louisiana include petroleum and natural gas production, tourism, filmmaking, and seafood, especially crawfish. Here’s our list of the best places to live in Louisiana. 10. Lafayette. (overall) 9. Baton Rouge. (overall, affordable) 8. Shreveport. (overall) 7. New Orleans. (overall, retire) 6. Lake Charles. (affordable) 5. Bossier City. (affordable) 4. Alexandria. (overall) 3. Metairie. (retire) 2. Mandeville. (family) 1. Prairieville. (family)
Social Security benefits are federally taxed at three different tiers. The amounts depend on your income, marriage status and whether you file jointly or separately. Paying less in taxes can come down to how much money you pull out of your retirement accounts in a given year. Watch this video for tips on how to pay less in taxes on your Social Security benefits.
Since 1980, pensions plans have been phased out in favor of 401(k) plans. They now represent nearly one-fifth of the U.S. retirement market. So how did 401(k) plans become such a popular form of retirement savings and how should they be used? Watch the video to find out.
If you can save enough money now, you can fund your retirement by living off of your returns without draining your nest egg. Luckily, with time and dedication, you can make it happen. The official retirement age for most Americans is 67 years old. But that number largely matters for Social Security benefits. If you want to retire early, however, you will need a plan that relies primarily on your own savings and investments. CNBC crunched the numbers, and we can tell you how much you need to save now to safely get $75,000 of passive income every year in retirement. First, some ground rules. The numbers assume you will retire at 45, have no money in savings now and plan to save a substantial amount of income to reach your goal. For investing, we assume an annual 4% return when you are saving. We do not factor in inflation, taxes or any additional income you may get from Social Security and your 401(k). In retirement, we use the “4% rule,” which is a general principle that says you can comfortably withdraw 4% of your portfolio every year. It is important to note with the recent market volatility, there is a risk you’ll have to lower your spending percentage in the future. Check out this video to get a full breakdown of the numbers.
If you’re considering retirement abroad, you need information, and you need lots of it. But more than that, you need guidance on how to interpret that information. In many cases, you could decrease your monthly expenses, perhaps significantly, simply by relocating to a new country. Depending where in the world you choose to retire, you could enjoy big savings on housing, and other expenses. There are many tempting places in Europe, Latin America and Asia where you can live large on a small budget. You’ll also need to consider the visa application and residency process for moving to these countries. The countries mentioned in this video are some of the best option for retiring comfortably with low cost of living and access to healthcare. These countries are catching on quickly by attracting retirees with enticing retirement plans. So here are 12 Best countries to retire comfortably.
- Costa Rica
Planning to save for retirement might not be a priority. Luckily, you’ll have some help from Social Security. Different salaries can drastically raise or lower your Social Security benefits. Here’s how much you can expect, based on six different salaries. The average Social Security check in 2020 is $1,503. Figuring out how much you can expect every month when you retire depends on a few criteria. The size of your payment will be based on income from your working years, the year you were born and the age when you decide to start receiving benefits. Luckily, CNBC did the math for a wide range of salaries, and we can estimate your future benefits if you make between $30,000 and $100,000 per year. Remember: Social Security was not envisioned as your sole source of money for retirement, and the totals are always changing. Watch this video for a breakdown of how much you will get and how your monthly benefit will be calculated based on multiple different salaries.
Across the rich world around half of covid-19 deaths have been in care homes. Countries need to radically rethink how they care for their elderly—and some innovative solutions are on offer.
Since 2010, Social Security’s cash flow has been negative, meaning that the agency does not collect enough money through taxes to cover what it is paying out. Even though there was still this vast trust fund behind Social Security, they started tapping that fund’s interest.
Starting in 2021, they will have to dip into the trust fund itself to cover those benefit payments, and even that pool of cash has an expiration date. Trustees of the fund expect that by 2035 it will not be enough to cover full benefit payments. Due to COVID-19, that date may come years sooner than expected, which has some retirees seriously worried about their future.