The world of retirement benefits is complex terrain, peppered with minefields like fine print, tricky terminology, little-known exceptions and seemingly random rules. And what you don't know can (and will) come back to bite you.
Are you one of the many people who don't have a 401(k) at work? Wondering how in the world you're going to save for retirement without one?
Americans are woeful at saving for retirement -- and there's only so much the government can do about that. And that's why the newest changes in tax policy (plus newer ideas currently being tossed) can't make that big of a difference.
After almost two years of full-time travel, of extended stays in Italian university towns, Croatian coastal retreats, and forested German hideaways, I've finally come home. All it took was some exploration, a lot of paperwork, and a little luck.
While life insurance may be the perfect solution for many, for some it may not. If you have yet to decide, here are three alternatives to life insurance that you can consider in the meantime.
The tontine is an investment scheme where each of a group of participants pays a specified sum into a fund and receives a pro rata share of the income generated by the fund, but when a participant dies their share is divided among those remaining. As the number of participants dwindles, those remaining receive increasingly large distributions.
Fresh ideas and approaches can empower a brighter future of aging, and the emergence of financial gerontology is cause for hope. This link between two disciplines that are critically important to the aging population presents the potential for new solutions and healthy, productive and purposeful outcomes for today's older adults and for generations to come.
After speaking with the attorney and accountant, one thing became clear. As residents of Connecticut, if we want to have more money in retirement, and keep that money and maybe even have money left over for our kids when we go to that 'Spirit in the Sky', leaving Connecticut is critical.
Make sure your portfolio is appropriately allocated and diversified to meet your circumstances and goals. And remember that your investing decisions should be based not on market timing but on the time you have to invest.
When it comes to investing and retirement savings, women have an edge over men. The problem is that when it comes to how much they have saved for retirement planning, men still have the advantage because they earn more than women.
Second in a series. Major intellectuals, foremost philosophers and all my friends at the Abbey agree that most financial (or indeed life) issues can be explained in terms of the "The Golden Girls." In this episode Rose Nylund, played by the inimitable Betty White, faces a double whammy.
Do you have a cool million dollars sitting in your retirement account? If not, you probably need to keep saving if you're planning on retiring in one of America's largest cities.
Cary Carbonaro says many women are too conservative with their investments compared to men and are making mistakes that are hampering their retirement planning.
Moving a parent is accompanied with unique challenges and emotions. Not only is there the task of downsizing a home lived in for decades, there are the deep emotions that come from saying goodbye to a lifetime of belongings and a well-loved home full of treasured moments.
I don't believe that the Social Security Administration (SSA) is out to intentionally mislead us, but the system is extraordinarily complicated. And of course it's always possible that an agent will misinterpret your question or even make a mistake.
There are simple steps you can take to maximize your retirement savings and make 401(k) maintenance a more manageable pursuit. Here are my tips for staying on the right course this season and beyond