Retirement
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 […]
For people whose whole life has revolved around using their mind, retirement can be a bind. All of those degrees and awards, the presentation notes, the papers, the grand vision of achievement — all of that can gradually deteriorate once you walk out the door. Until, eventually, all you have left are crosswords for company […]
Unless Congress acts, some 10 million union retirees could see their pensions cut by 90%. Many private pensions ultimately are backed by the taxpayer, much like big government-backed home lenders and, in practice, the major Wall Street banks during the 2008 crisis. In a recent joint House-Senate committee hearing, insiders warned that pensions could insolvent […]
Nearly 57% of American adults have savings of less than $1,000, while 39% have zero savings. Following a few quintessential personal finance practices, however, can help you achieve a healthier financial profile. Here are the seven key personal finance habits to form immediately:
New studies have emerged that point to a severe shortage of doctors and other vital health workers is on the horizon for the United States. The first report, conducted by the Association of American Medical Colleges (AAMC), concluded that the United States will need to hire between 34,600 to 88,000 doctors by 2025 to adequately care for our […]
