Taxpayers need to understand their specific situation and seek advice from there advisors to craft the right plan. There is work involved, but it may ultimately reduce your liability which increases the amount of money you retain and utilize.
I am a grandmother. I don't just admit it, I am proud of it. My first grandchild was born when I was fifty five, which is relatively young for American professional women, but I had four children by age 30. I also run an investment firm.
I envy my mother's frankness. I still have to listen politely to people I dislike; I rarely get the option of walking away. If my son told his math teacher she was misguided, he'd get hauled to the principal's office.
It turns out that recent graduates are not the only ones being hammered by large amounts of student loan debt. More seniors than ever before are heading into retirement still paying off their student loan debt.
Are you a 'Digital Native?' In recruiter-speak, the term is no longer just a glib demographic reference to kids who grew up playing video games. It is code for excluding older candidates from applying for jobs deemed so dependent on their use of technology, older people couldn't possibly keep up.
We've all heard stories about people retiring and moving to some far-flung place in a tropical paradise for pennies. But are there really places where people can live the good life for less than half of what it would cost in the US? Is it really possible?
The earlier you start that nest egg, the less you'll need to deprive yourself in your later years when you have to play catch-up. Plus, the longer you put off saving, the less likely you'll be able to achieve the lifestyle you truly desire in retirement.
It's probably not much of surprise that Florida is the most popular state for retirees. But what you might find interesting is that a number of our neighbor states seem to be common choices for retirees from all five pension systems. If anything, that tells you the Midwest's weather is not the only culprit.
If you're one of the millions of Baby Boomers and others thinking of selling your business in the next several years, consider this: The top mistake sellers make is having unrealistic expectations, according to a recent survey of business brokers and advisors.
A new study paints a frightening picture about the correlation between Americans' chances at a longer life and their income and assets.
If you're like most workers in a recent survey, your 401(k) plan is your largest or only source of retirement savings.1 Also, like most workers, you may be paying higher fees than you realized for some of the investments in that 401(k).
Some 59 percent of working-age Americans expect to leave a financial legacy to their children, but less than a third report actually receiving one.
I have come to notice over the past few years that my "little dancing friend" doesn't show up as often in the mornings.
In 2035, the youngest boomers will be 71. The oldest will be 89. What is it going to be like to look back from that vantage point? Hopefully, most of us will have figured out how to keep working as long as possible -- certainly to 70, when the maximum Social Security benefits kick in, but probably longer.
"It has Audrey Hepburn, Cary Grant, Paris in living color, and a beautiful score by Henry Mancini," she wrote. "So what's not to like?" Kilgallen's simple, 5-word question sums up my own feelings about the new Housing Plus Services models that are emerging in the field of long-term care services.
If we cling to old definitions of a future no one can pretend to predict, we are still going to age. But we will have been complicit and ultimately powerless by refusing to choose how we will age in the 21st Century. It's time we all thought about that.