Retirement
A recent report from Ameriprise showed that the number one fear for people in the age group of 50 to 79 is managing the costs of healthcare. For people in their 30s and 40s, who are decades away from retirement, it’s still the second-most important concern. Here are a few proven strategies that could help […]
Retirement, that long-awaited phase of life characterized by relaxation and leisure, is a culmination of years of hard work and diligent saving. Yet, the prospect of running out of money in retirement looms as a concern for many individuals. As you embark on this exciting chapter, it’s essential to adopt a proactive approach to ensure […]
According to a study by the Economic Policy Institute nearly half of American households report having zero retirement savings. In this sorry state of affairs, a book that was published nearly 62 years ago seems appropriate. Bob Belmont, a sci-fi novelist, authored a manifesto called How to Retire Without Money, in which he shared his philosophy of […]
Millennials have a rosy outlook concerning retirement financial solvency that doesn’t square with reality. Most Millennials, the age demographic of young people between the ages of 21 to 37, expect to retire by the age of 56. A large percentage of Millennials also expect to become millionaires something within their lifetimes. Investment brokerage company T.D. […]
The Social Security Administration announced on Tuesday that it expects to pay out more money than it takes in this year. That means that it will have to draw on its trust fund for the first time since 1982. The annual report from the trustees had predicted there would be a shortfall, but not until […]
Retirement is complicated for those considered self-employed, including business owners and entrepreneurs in all categories. Around 10 percent of all Americans who earn a paycheck consider themselves to be self-employed. This segment of the working population may be falling behind on retirement savings. While studies show that about 42 percent of people who are self-employed […]
According to the 18th Annual Transamerica Retirement Survey, 70% of American workers dream of a retirement spent travelling the world, visiting exotic locations and enjoying the diverse cultures of the world before it’s too late. The only problem with this plan is that travelling can often be quite expensive. Unless you want to live like […]
Vermont Governor Phil Scott has signed into legislation that will pay people to relocate to the state in a bid to grow the state’s flagging taxbase and reinvigorate the economy — by attracting workers who sign in online to work elsewhere. The “Remote Worker Grant Program” went into effect on May 30. The governor wants […]
A Chicago flight attendant has hit the news for turning her financial life around. At 39, Bianca DiValerio was nearly broke after a divorce and the sale of several failing rental properties. But now, she claims to be just a year away from full financial independence. And how did she do this? By saving 75 […]
In the realm of retirement planning, the financial landscape can be intricate. Navigating through the various strategies to optimize your retirement funds while minimizing taxes requires a keen understanding of the tools at your disposal. One such powerful tool is the Roth conversion, a strategy that can potentially lead to substantial tax savings during your […]
