Vacation can be expensive. So is having a baby. Therefore, having a baby while on vacation is unlikely to be a cheap adventure. Read the rest of the story.
For people looking at retirement in the next five years, it’s the perfect time to make sure things are in order. Read the rest of the story.
I am maxing out my 401(k). I understand there’s a new way to make after-tax contributions to a Roth IRA. How does that work? Read the rest of the story.
More than 50 popular tax provisions expired at the end of 2013. Without legislative action, businesses won’t get a credit for research activities or be able to immediately deduct one-half of the cost of new business equipment. Individuals would lose benefits like the ability to deduct tuition and state and ...
Most people heading into retirement inevitably make some sort of real estate decision—whether they downsize, relocate to a different community or make renovations to an existing home that makes the place more accessible to live in as they get older. Read the rest of the story.
The choice of when and how to claim Social Security benefits can affect the three biggest financial risks that retirees encounter: longevity, inflation and markets. Read the rest of the story.
Most of us would love to be able to leave a nice inheritance to our spouse, kids, grandkids or other loved ones. Read the rest of the story.
By the time she hit her late 40s, Toni Eugenia wasn’t sure she would ever be able to retire. Read the rest of the story.
As your retirement date approaches, it is natural to find yourself looking back at all that’s happened over the course of your career, from personal and professional accomplishments to lessons learned and challenges overcome. Read the rest of the story.
David Fagan, a father of eight, tells his children that if they want something — a vacation, a pair of expensive shoes, even a college degree — they have to save up for it themselves. Read the rest of the story.
This is a very good question, one I am faced with every day while helping my clients plan for their retirement. At our firm, we have put together a comprehensive expense report. When totaling living expenses, many people just look at the basics; mortgage, power, phone, internet, food, and travel. ...
The career and finance decisions you make while working will ultimately determine your future Social Security benefit. Read the rest of the story.
When David Beermann retired earlier this year from a career as a nurse at age 66, he expected to receive his full Social Security benefits. Read the rest of the story.
Your financial decisions and activities – budgeting, spending, saving, investing, retirement planning – affect your financial health both now and in the future. Read the rest of the story.
The short answer is yes. It takes a bit of work to do this though. You would need to contact the H.R. department from your previous employers and get their Rollover paperwork. Often, you can find out who to contact online. You will want to set up a Rollover IRA ...
As we run through our daily to-do lists — go to work, attend meetings, battle traffic, get home, spend time with the family, eat dinner, sleep, repeat — retirement might seem like a lifetime away. Read the rest of the story.
You have been divorced for a long time and have moved on, or so you thought. Now that your ex has truly moved on, you find that creditors do not care what your divorce decree stated in regard to paying your pre-divorce debts.In many states, whatever is acquired after the ...
Voices tinged with regret are echoing in the minds of many aging Americans today who know that getting older offers fewer opportunities for “do-overs” to course-correct their lives. Read the rest of the story.
Many people that I meet with for the first time feel happy that they have a will and have taken care of their beneficiaries. If your only estate plan is to have a will, you are, in my opinion, doing it all wrong. By only having a will as your ...
Maxing out your 401(k) and IRA contributions is certainly a good “problem” to have. But then you have to figure out what to do with the rest of your investable assets. Read the rest of the story.