KeatsConnelly Cross-Border Weekly Best of the Web 2015-6-19

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week’s highlighted articles include a piece reviewing statistics on how spending may change during retirement, then moves to a piece with helpful tips to prepare for next year’s tax filings and finishes with a review of one look at cost of living differences around the United States.

Does spending decline as we age? Here’s what the numbers show (www.theglobeandmail.com) – If you are designing a retirement income plan, one of the things you’ll need is an estimate of how much income you’ll require each year, once you’ve stopped working. But how do you come up with a number? One way to go about this is to simply select a percentage of your pre-retirement income – called the “replacement rate” – and assume that’s what you need in retirement. Another method is to determine a so-called “safe withdrawal rate” as a percentage of your investment portfolio…

Five easy ways to stay ahead of next year’s tax deadline (www.financialpost.com) – If you or your spouse or partner is self-employed, you may be spending much of this weekend scrambling to complete your 2014 personal tax returns by Monday’s (June 15) midnight deadline. Any balance owing was actually due on April 30, but interest on the amount outstanding will only accrue from May 6 as a result of the Canada Revenue Agency’s previously announced deadline extension. If you don’t file by Monday, however, an automatic late-filing penalty of five per cent will apply. But if you’re having trouble getting all your information organized this weekend and want to do a better job for 2015, here are five easy tips to consider…

Here’s how much you need to make in each US state to rent a 2-bedroom apartment (www.businesinsider.com) – Yes, the American economy is improving, and yes, we are creating more jobs. But the hourly wages for a lot of these jobs are stagnant at best. According to the Pew Research Center, 30% of America’s workforce earns a near-minimum-wage salary— that’s almost 21 million people. As a cruel paradox, rents across the country keep rising. A new report by the National Low Income Housing Coalition examines how these opposite trends play out regionally. The work maps how much an American worker needs to earn per hour in each state to rent a two-bedroom apartment…

Come back next week for more interesting news and articles. Enjoy your weekend!

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