- Retired? Here’s Why Stocks, Not Bonds, Should Still Power Your Portfolio
If you’re already retired, it may be time to rethink the role that stocks and bonds play in your portfolio. While conventional wisdom suggests that investors should shift more assets to bonds as they approach retirement, at least one expert… read more…
- TikTok Exposed a Major Mistake You May be Making in Your Roth IRA
TikTok is hit or miss for accurate advice on finance topics. Although the “#finance” hashtag has amassed over 989 million views, there is just as much bad advice as there is good. But one user shared a tip that went… read more…
- What Percentage of Retirees Have a Million Dollars?
Saving $1 million (or more) for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money. However, not… read more…
- At What Age Do Seniors Stop Paying Property Taxes?
As a senior citizen, you probably will end up paying property taxes for as long as you are a homeowner. However, depending on the state you live in and often once you hit your 60s (usually around the ages of… read more…
- What Is Your Coast FIRE for Retirement?
Adherents of the Financial Independence/Retire Early (FIRE) movement aim to reach a point where they don’t need ongoing income to retire and to get to that point before reaching age 65. Not surprisingly it requires rigorous savings and a frugal mentality. However,… read more…
- Why 2022 Medicare Part B Premiums Soared
The surprisingly big jump in Medicare Part B premiums for 2022 reflects the sky-high cost of a controversial Alzheimer’s disease drug. The premium hike will put more than a dent in the newly increased Social Security cost-of-living allowance, which worked out… read more…
- What’s Your FIRE Number for Early Retirement?
The FIRE movement promises a surefire way to help you retire below the national average retirement age of 64 and be financially independent. But first, you should know your FIRE number, or the amount of retirement money that you need… read more…
- Here’s Why 401(k) Balances Went Up During the Pandemic
The COVID-19 pandemic changed the world in more ways that most people can count, from the way kids go to school to how restaurants operate. One change that may not have been easy to predict — the pandemic has led… read more…
- Where to Open an IRA in 2025
An individual retirement account (IRA) is a tax-advantaged retirement account that helps people to save for later in life. Traditional IRAs mimic the structure of a 401(k). You contribute pre-tax earnings into the account and only pay taxes on what… read more…
- If COVID Scared You Off Nursing Homes, Don’t Delay Your Financial Plan for Aging in Place
A lot of scary things happened during the COVID-19 pandemic, but one that looms large for a lot of people is the huge share of deaths that took place in nursing homes. A new brief from the Center for Retirement… read more…
- How to Retire in Turkey: Costs, Visas and More
Turkey is filled to the brim with beautiful architecture, art and a melange of cultures that reaches back thousands of years. It’s home to artifacts from communities like the Hittites, Ancient Greeks, early Christians and Mongols, which fill this nation… read more…
- How to Protect Your 401(k) From a Stock Market Crash
Despite what the 2010s may have felt like, the stock market cannot go up forever. Corrections typically happen every few years when stocks decline 10% or more from their most recent peak. These can even last several months at a time. Stock market… read more…
- Medicare Late Enrollment Penalties Are No Joke: Here’s What They’ll Cost You
The government has a long-standing reputation for frowning upon those who can’t meet a deadline, and Medicare is no exception. In fact, if you don’t make your elections before the deadline, you could face a hefty penalty that could follow… read more…
- 5 Retirement Changes to Know About in 2023
Planning for retirement is one of the most important financial tasks most Americans have to consider. Almost no one wants to work forever, but those who fail to plan adequately for their retirement will find themselves either working into their golden… read more…
- What Is an Annuity Bailout Provision?
You may not want friends or family to need to bail you out of a problem, but chances are you aren’t going to mind getting some help from your insurance company’s annuity contract. In other words, if you get the… read more…
- Annuitant-Driven vs. Owner-Driven Annuity
Every lifetime annuity needs three parties: the contract’s owner, its annuitant and its beneficiary. In an annuitant-driven contract, the annuity ends and pays out to the beneficiary when the annuitant dies. In an owner-driven contract, the annuity ends and pays… read more…
- Can You Retire at 60 With $500,000?
Most people widely accept that the retirement age is 65 because this has long been the traditional age needed for Social Security benefits. However, it has increased to 66 or 67 in recent times, depending on when you were born.… read more…
- 401(k) Plan Options for Small Businesses
A 401(k) plan is considered a top benefit to attract and keep talented employees. If you’re a small business owner, you have extensive options to help you and your employees save for retirement. These plans aren’t just for big companies.… read more…
- Health Savings Account (HSA) Rules for Spouses
Health Savings Accounts (HSAs) offer triple tax benefits. Contributions are tax-deductible, they grow tax-deferred and withdrawals are tax-free when used for eligible medical expenses. If you’re married, you might be wondering if you can use your HSA funds to pay… read more…
- How to Invest for Retirement at Age 60
Retiring early is a dream that many Americans have but most investors aren’t confident they an achieve that goal. While 65 is considered a normal or expected retirement age, we look at what types of investments and other factors to… read more…
- Guide to Healthcare Costs in Retirement
Retirement is often considered a great time to travel and do things you’ve been planning for years. You save and invest for multiple decades before deciding to stop working and move into the next phase of your life. Unfortunately, not… read more…
- IRA vs. Roth IRA vs. 401k: Key Differences
Many employers offer 401(k)s and match your contributions. Other workplaces, however, might not offer this retirement plan. And, if you are an independent contractor, you may also be looking for another retirement plan alternative. In these cases, individual retirement accounts (IRAs)… read more…
- A Guide to Earning Social Security Credits: How Much You Need to Retire, How You Earn Them and Special Considerations
Since 1935, Americans have had the provisions of the Social Security Act at play as a big part of their retirement plans. Signed into law by President Roosevelt, the Social Security Act was designed to provide income to retirees 65… read more…
- What Is the Retirement Safe Withdrawal Rate?
Saving money for retirement is an important goal. But so is not running out of savings in retirement. To avoid this, personal finance and retirement experts have set a “retirement safe withdrawal rate.” This is a formula that allows retirees… read more…
- How Are Annuities Given Favorable Tax Treatment?
Annuities are tax-advantaged investment vehicles that guarantee retirement income. Here’s how they can benefit your tax situation and how to tell if one is right for you. A financial advisor can help you decide if an annuity is a good… read more…