Retirement
Lack of retirement tax planning is costly: Most retirees are unprepared or not prepared at all for the cost of taxes in retirement. While many Americans will get Social Security tax-free, anyone with investment income or a pension could be taxed on their monthly check. The key to better retirement tax planning is learning the […]
Shocking new statistics reinforce a basic truth of the world’s richest country: Many Americans are so far behind in retirement savings that they risk retiring flat broke. Many of us would like to know how to become a 401k millionaire, yet so few are on track to reach the magic number. In fact, studies show […]
According to research data compiled by Voya Financial, more than 60% of workers nearing retirement age are forced into retirement. Some employees are forced into retirement due to ageism, to make way for younger employees or due to declining personal health. Dave Bernard, now age 59, had previously planned to retire at the age of […]
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 […]
Medicare could run out of money in eight years unless Congress acts to either increase funding or radically restructure the program. According to Medicare report from program trustees, the program’s trust fund covering inpatient care will be unable to pay full benefits starting in 2026. The report was written by economists and nonpolitical actuaries mostly, […]
Is retirement feeling like a distant dream, unaffordable and unrealistic? Perhaps there is a better way. In his book The 4-Hour Workweek, Tim Ferriss coined the term “mini-retirement” to describe another approach to retirement. The idea being that instead of taking one final retirement at the end of life, you take a series of meaningful intermissions […]
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. […]
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 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 a […]
Over 63% of affluent young adults between the ages of 18 and 22, the so-called Generation Z demographic, are counting on familial inheritances to pay for their retirement years. This is according to a recent Merrill Edge Spring Report compiling data on the subject. Considering that the children of affluence have more access to resources […]
Japan Post Bank (JPB) will increase its investment allocation to alternative assets, including real estate, hedge funds, private equity, and private debt by about ¥7 trillion ($64 billion) in the next three years. The move comes as a strategic decision to offset an expected yield decline in the Tokyo-based bank’s massive holdings in Japanese government […]
