Wed, 7 Dec 2016 16:55:00 -0500RMDs are required starting at age 70 1/2 and while this sounds simple on the surface, it's actually pretty convoluted because the math changes each year and if you make a mistake IRS penalties can be as high as 50%. There are 3 BIG RMD mistakes you need to make sure you avoid.
Wed, 7 Dec 2016 13:12:00 -0500Older adults with chronic illness often need a combination of medical treatment and social and spiritual supports. Together, they can make people healthier and happier, and less likely to suffer acute episodes that result in preventable hospitalizations. The medical treatment comes from doctors, hospitals, and health systems while the spiritual [...]
Wed, 7 Dec 2016 11:18:00 -0500Five months after he sold everything and began traveling abroad, Chuck Bolotin offers lessons he's learned.
Wed, 7 Dec 2016 09:30:00 -0500Today’s column takes up the deeming provision, filing early and spousal benefits, widow's benefits at 60, taxes on benefits and filing strategy in the face of a bad medical diagnosis.
Wed, 7 Dec 2016 09:21:00 -0500You can adopt a simple plan for 401(k) investing that works over time. Here's what you need to know.
Wed, 7 Dec 2016 09:21:00 -0500
SparkGift boasts more than 600 investment offerings. Some fun ones for kids: Disney andNike! You get a certificate to share with the recipient.
Your local K-Mart,SafewayorGiant Eaglehave stocked their inventory with Stockpile cards and you can pick up shares of big-name brands likeApple, Coca Cola andTesla. You can also snag ETFs and other index funds.
A tongue-in-cheek gift for seasoned investors. It's mailed anonymously and will set you back $9.99, a small fee for the laugh you'll get when you ask the recipient about it.
The Index Card: Why Personal Finance Doesn't Have to Be Complicatedby Harold Pollack and Helaine Olen is a must-read for financial novices. It's based on this photo of an index card chock full of wisdom that went viral a few years ago.
Grab tickets to The Big Short, which premieres December 23. Thestar-studded cast explores the dark (and sometimesnerdy) side of betting against the tide.
Oxfam America offers an array of "meaningfulgiftsfor the holidays" that take your shopping money and put it to good use around the world.Giftsare available for as low as $25, which will provide a mosquito nets to peoplein need. This woman started a small business with a $3,000 Oxfam gift.
For the partiers:180 Cup--the plastic beer cup that doubles as a shot glass.
CitiKitty, a training system that teaches your feline to use the toilet, like any civilized cat should.
Tue, 6 Dec 2016 20:37:00 -0500Courtesy of Pixabay.com While most employers offer a 401K plan, few spend time educating their employees on the value of participating in it. If you’re not saving for retirement through your company’s plan, you’re missing out on an easy way to save money, and if you’re employer matches your contribution, then you’re [...]
Tue, 6 Dec 2016 11:02:00 -0500Since there are only a few weeks left in 2016, I want to share with you one habit that I have found to be very helpful in markets and all aspects of life. One of the best habits I have learned over the years is the art of introspection.
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Tue, 6 Dec 2016 10:35:00 -0500Why some boomers now want robo-advisers and one robo firm that wants them.
Tue, 6 Dec 2016 10:27:00 -0500The DOL, much like the IRS, can audit you to make sure your retirement plan fiduciary and reporting responsibilities are being handled appropriately. The audits are more common than most employers think and need to be taken seriously.
Tue, 6 Dec 2016 09:30:00 -0500Today’s column explores claiming on multiple spouses' records, the Earnings Test and child's benefits, options for married couples, divorced widow's benefits and the effects of years with no income.
Tue, 6 Dec 2016 09:00:00 -0500Thus far, we have compared the historical performance of various spending strategies when the initial spending rate is 4%. Over the next couple weeks, we will applyan XYZ rule andconsider how spending may be impacted by the low-interest-rate environment facing retirees. But before we do that, let’s look at an exhibit [...]
Mon, 5 Dec 2016 11:09:00 -0500Steve Tanger, CEO of Tanger explains that “in good times people love a bargain, and in tough times people need a bargain.”
Mon, 5 Dec 2016 10:44:00 -0500Shutterstock When it comes to financial planning for retirement, it’s best to think of things in terms of a marathon, rather than a sprint. You want to focus on the smaller pieces that you can feel good about tackling; pieces that make up the bigger, long-term picture. Having a focused and [...]
Mon, 5 Dec 2016 10:23:00 -0500Today’s column explores spousal benefits, widow's benefits and the Earnings Test, maxing out benefits, the continuing ability to file and suspend and the advisability of filing early while still working.
Mon, 5 Dec 2016 09:37:00 -0500If a picture is worth a thousand words, how much could the right picture be worth to your portfolio? That’s why we provide our clients with a much more powerful and insightful picture: a graph of their asset allocation over time.
Mon, 5 Dec 2016 09:36:00 -0500WASHINGTON, DC - JULY 12: House Speaker Paul Ryan (R-WI), speaks while flanked by House Republican leaders on Capitol Hill July 12, 2016 in Washington, DC. Speaker Ryan announced the House GOP's-election-year agenda. (Photo by Mark Wilson/Getty Images) With the holidays quickly approaching, Republicans in Congress are eager to finally think [...]
Sun, 4 Dec 2016 13:06:00 -0500Fewer Brits would vote to leave the European Union (EU) if given a second chance according to new YouGov research commissioned by the financial entrepreneur behind the Campaign For Fair Finance and who heads price comparison website FairMoney.com. A new opinion poll now reverses the referendum result. But as we [...]
Sun, 4 Dec 2016 08:44:00 -0500Baby Boomers, the "empty nest" is under attack again. Surprisingly, your Millennial children are not the cause; the new culprits are your parents, who want to spend their elder years at home. Maybe it's time for that discussion with your parents before assuming the role of primary caregiver.
Sun, 4 Dec 2016 00:01:00 -0500Donald Trump's promised wall on the U.S.-Mexico border will need some gaping holes for natural-gas pipelines if Trump is also to keep his promises to grow the fossil-fuel industries and export more energy.
Sat, 3 Dec 2016 10:58:00 -0500Despite the usual wall of worry, the S&P 500 has a good chance of a nice advance in the coming year. Why? Because positive economic factors outweigh negative ones.
Sat, 3 Dec 2016 07:54:00 -0500Are some millennials planning to work, well, forever? It seems so, at least according to a new report looking at financial plans of Americans. Shutterstock A stunning 83% of millennials said they intend to work in retirement, according to the discount brokerage service Merrill Edge’s survey of more than 1,000 Americans conducted [...]
Fri, 2 Dec 2016 13:25:00 -0500A health savings account offers some of the best tax advantages available anywhere. In this article we cover those advantages and other tips on how to make the most of an HSA.
Fri, 2 Dec 2016 09:30:00 -0500Today’s column examines widow's benefits for a disabled widow, the temporary benefits of being held harmless, filing with a small public pension, withdrawing and repaying a benefit and divorced spousal benefits.
Fri, 2 Dec 2016 08:13:00 -0500The GOP has long had a plan to carve up Medicare. Now it's in motion again.
Fri, 2 Dec 2016 06:00:00 -0500Interest rates have started to climb. Will it continue? Finally, a bit of good news for retirees on interest rates and bonds. If you’ve been invested in the S&P 500, your money has more than tripled since March 2009. But for those investing in bonds, the recovery from the financial crisis [...]
Fri, 2 Dec 2016 01:16:00 -0500After nearly a decade recording life stories, Dr. Tom Meuser, of the University of Missouri-St. Louis, wants to study how the characters, beliefs and lives of older adults have and will impact the lives of others after their deaths.
Thu, 1 Dec 2016 13:00:00 -0500Survey says younger workers feel ready for retirement—but that might be overconfidence. These 3 tips can help build your nest egg.
Thu, 1 Dec 2016 12:12:00 -0500Americans have little in emergency savings. Why don't employers offer emergency fund accounts like 401(k)s?