Sat, 22 Oct 2016 08:36:00 -0400The Wall Street Journal reports – yet again – that stock picking is dead. We’re being told that passive index funds outperform actively managed funds over the long term, and smart investors should choose passive because actively beating the market isn’t possible. On one level, this is true. If your plan [...]
Fri, 21 Oct 2016 15:33:00 -0400Today’s column examines filing for spousal benefits, how benefit amounts are determined, eligibility for and the amount of disability benefits, sources of help when making filing decisions and a private pension question.
Fri, 21 Oct 2016 14:05:00 -0400Medicaid long-term care is rapidly changing, and some of those trends may eventually remake the way all of us receive personal assistance as we age or become disabled. Nearly half of all states are now providing Medicaid long-term care benefits through managed care, and 13 states are requiring older adults to [...]
Fri, 21 Oct 2016 10:34:00 -0400Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conferencetypically pitch one or several of their favorite stocks, which together have had a solid record. [...]
Fri, 21 Oct 2016 10:30:00 -0400If we used market history to predict the election, the candidates would be tied Everyone, and I mean EVERYONE, at recent gatherings wants to talk about the election and what he said or what she said. Shortly after bemoaning our lack of inspiring choices, you are likely to hear breathlessly about [...]
Fri, 21 Oct 2016 10:00:00 -0400This retirement coach says finding your passion is fine, but balance is the key to retirement
Fri, 21 Oct 2016 08:01:00 -0400Retirement planning comes with a lot of rules, but you don't have to follow all of them. Here are four rules you can break without sabotaging your future.
Fri, 21 Oct 2016 00:28:00 -0400A 94 year old who still works part time as a CPA describes his secrets to living an ideal life. It includes being productive at work, having many family activities, creating happy memories and staying exclusively focused on the positive parts of his life. He has overcome tremendous difficulty, danger and life threatening illness but still stays amazingly active and happy.
Thu, 20 Oct 2016 12:09:00 -0400Keeping quiet about your little retirement secrets is going to cost you
Thu, 20 Oct 2016 08:00:00 -0400Both options can work depending on your situation. Your advisor can help you figure out which option makes the most sense for you. As always, the important thing is that you stay disciplined, and stick with your financial plan.
Wed, 19 Oct 2016 15:24:00 -0400Today’s column examines eligibility and filing options for spousal benefits, disability benefits, foreign pensions and eligibility for divorced spousal benefits after a court ordered name change.
Wed, 19 Oct 2016 12:44:00 -0400They've brought their net worth up by $450,000 since nearly declaring bankruptcy after the recession.
Wed, 19 Oct 2016 10:37:00 -0400There’s a lot of buzz about beta these days. Should we contrary-minded investors fade the fad? Beta is industry slang for volatility. It’s generally used when judging a particular investment or portfolio with respect to the broader market, with 1.0 as the benchmark. Lower is better, as that (in theory) means [...]
Wed, 19 Oct 2016 09:17:00 -0400John Maynard Keynes was not only a great economist, he was a great investor. He's one big truth about how he made money.
Tue, 18 Oct 2016 18:30:00 -0400You’ve spent much of your career accumulating enough assets for retirement. You’ve participated in your employer’s 401(k) or other retirement plan and perhaps you’ve even established an IRA or other account specifically earmarked for retirement. But now, as retirement approaches, however, your focus must change. No matter how well you save [...]
Tue, 18 Oct 2016 17:03:00 -0400Drug companies are often demonized for high drug prices. They say it's necessary in order to create new drugs. Experts at a recent debate take sides.
Tue, 18 Oct 2016 17:03:00 -0400
Here are some common medical expenses you can use your pre-tax healthcare flexible spending account money for, according to Aetna. You can no longer (since Jan. 1, 2011) use FSA money to buy over-the-counter drugs--unless you have a prescription, but an FSA is still a valuable perk. Note: If you have both an FSA and a Health Savings Account, you can use the FSA only for dental and vision expenses.
Tue, 18 Oct 2016 15:46:00 -0400A financial adviser's recommendations to use your 401(k) wisely
Tue, 18 Oct 2016 13:03:00 -0400Are you a baby boomer entrepreneur?
Tue, 18 Oct 2016 12:46:00 -0400When meeting with clients on the verge of retirement, the most common concern we hear is "I want to protect my principal". Even though it’s been a few years, the financial crisis of 2008 and 2009 in still fresh in everyone'sminds. And as the Dow Jones flirts with all-time highs, it’s [...]
Tue, 18 Oct 2016 12:13:00 -0400Most retirees won't see any of the tiny 2017 Social Security increase in their bank accounts. Instead, it will go to pay higher Medicare premiums.
Tue, 18 Oct 2016 12:13:00 -0400
Searching for new surroundings in retirement? Here's our 2016 list of the top 25 U.S. places for retirement. We canvassed data covering housing and other costs of living, taxes, crime rates, weather and air quality, doctor availability and opportunities for an active lifestyle, including walking, bicycling and volunteering. Also taken into consideration: economic data for those eyeing a "working" retirement or simply a growing community. Our list includes places in 19 states coast to coast. A fuller explanation can be found here. Cities are listed in alphabetical order.
West Texas outpost, population 120,000, 150 miles west of Fort Worth. PROS: Robust economy, cost of living 17% below national average. Median home price $156,000 (national median: $213,000). Low rate of violent crime. High number of doctors per capita, extremely high rank on Milken Institute list of best cities for successful aging. Warm climate. Good air quality. Home to seven colleges. CON: Not very walkable. NOTED: Average state tax climate for retirees. On list last year. TRIVIA: Named for Abilene, Kan.
Growing suburb of 37,000 toward eastern end of Phoenix metro area. PROS: Good economy, cost of living 6% below national average. Good tax climate for retirees. Median home price $129,000. Low violent crime rate. Scenic terrain, including Superstition Mountain. Warm climate. CONS: Not very walkable, lackluster air quality. NOTED: Average physicians per capita. New to list. TRIVIA: Named for intersection with stagecoach route Apache Trail.
Classic college town (University of Georgia) of 120,000 70 miles east of Atlanta. PROS: Good economy. Cost of living 1% below U.S. average, median home price $145,000. Low serious crime rate. Extremely high Milken aging rank and walkability index. Good air quality. Warm climate. Good state tax climate for retirees. CON: None. NOTED: Average doctors per capita. On list last year. TRIVIA: Birthplace, in 1891, of America's first garden club.
Scenic Ozarks foothill town of 28,000 in northwest corner of Arkansas. PROS: Cost of living 12% below national average, median home price $127,000. Good economy. Very low serious crime rate. High number of doctors per capita, good rank on Milken best-aging list. Good air quality, warm climate. CON: Not very walkable. NOTED: Average state tax climate for retirees, New to list. TRIVIA: Originally a summer resort town.
A college town (Virginia Tech) of 44,000 in southwestern tail of Virginia. PROS: Economically robust. Median home price $230,000. Above average air quality. Low crime rate. High Milken aging rank. Somewhat walkable. CONS: None. NOTED: Cost of living 2% above national average. Average state tax climate for retirees and doctors per capita. Mild climate. On list last year. TRIVIA: Named two centuries ago for town's founder.
Coastal village of 14,000 in South Caro[...]
Tue, 18 Oct 2016 11:18:00 -0400Here's why Anne Alstott, author of 'A New Deal for Old Age' thinks the Social Security retirement age should be 76.
Tue, 18 Oct 2016 09:57:00 -0400It's not too late to learn and gain understanding—and thereby control—of your financial decisions and improve your financial health. There is no magic pill to swallow to gain financial health; rather, it is a process of small steps that requires proper care and treatment. You can turn your disease into comfort and security by making small, appropriate shifts in your thinking and your actions. You just have to get started and keep plugging away. I know you can do it!
Tue, 18 Oct 2016 08:00:00 -0400Placing a ceiling on spending will preserve sustainability by saving more than is needed in case of a rainy day. While including a floor on how far spending can fall opens the possibility of wealth depletion, it becomes increasingly unlikely as the minimal floor decreases.
Mon, 17 Oct 2016 17:28:00 -0400People walking with canes or in wheelchairs are especially vulnerable to other people not noticing them and getting bumped or pushed. The author encourages people to look up from their smart phones more.
Mon, 17 Oct 2016 16:11:00 -0400I found big-city amenities without the big-city hassles when I made the decision to relocate from Chicago to Grand Rapids in my 60s
Mon, 17 Oct 2016 14:33:00 -0400Retirement income planning can be like hitting a moving target in the wind. The target keeps moving because you do not know when you will retire, how much money you will need, or how long you will live. The wind is there because there is not an exact straight line [...]
Mon, 17 Oct 2016 13:15:00 -0400If you are looking to buy a business, or you are a business owner thinking about selling your company, do the reports or industry insider comments really matter? The argument can be made for either case. Then again, in the world of entrepreneurship, wait and see rarely works and certainly avoiding getting caught up in short-term events that are completely out of your control is diametrically opposed to the mindset of an entrepreneur.