Year: 2018
Retirees may find themselves facing a major federal tax increase fueled by tax-deferred accounts. There are many financial strategies occurring as you save toward your retirement, including maximized annual contributions and compounding interest. This can cause a tremendous tax bite, unless you are careful, according to the Citizen Times in its article “Try this strategy […]
Shortages in some sectors make partial retirement an inviting opportunity for both parties. Not every person who reaches retirement age wants full retirement. Some labor markets make it easy to ease into retirement while helping out employers, according to The New York Times in “In a Tight Labor Market, Retirees Fill Gaps Their Previous Employers […]
If you do not have children or a spouse to include in an estate plan, the first thought may be family and friends. That is probably a good place to start. If you do not have any children or a spouse, there are many options available for creating an estate plan that benefits others, according […]
Pew Research analysis reports 20% of population living in multigenerational homes. There are a record number of multigenerational homes in the U.S. and that trend is expected to keep rising, according to a Pew Research Center analysis reported in Financial Advisor Magazine in “How to Address Multigenerational Estate Planning Issues“. For some families, it’s college […]
Second marriage? You’ve entered a brave, new world, when it comes to estate planning. A second marriage can sometimes create a problem, because the biggest reason that stepparents and stepchildren fight is over money, according to the AARP in “Don’t Split Heirs With Your Estate“. If you and your spouse are each financially independent and […]
Fees can drain your accounts, so watch them carefully. You have saved for many, many years and are now ready for retirement. You need to accomplish many tasks as you get ready to leave your job but one of the most important things to watch for as you go over your accounts are hidden fees, […]
Social Security rules and regulations are the key to the magic retirement age. For some reason, many American have come to believe the magic number for retirement is 61 and they are wrong, according to The Motley Fool’s article “Americans’ Ideal Retirement Age–and Why It’s Not Realistic“. The article is based on a survey from […]
The concept still going strong after three decades. The economic answer for retirees living in expensive cities, such as Seattle, may be cohousing communities, according to the Seattle Times in “Battling rising cost of living? Seeking a community? A look at the cohousing lifestyle“. This past June, Charles Durrett, an architect who has been advocating […]
The new law goes a long way in protecting the elderly from the increasing threat of scams. Elder financial abuse is very costly totaling billions of dollars annually, as well as taking a heavy emotional toll on the elderly as the scams become more sophisticated, according to Forbes in “After SAFE Act Passage, The Battle […]
Expected lifespan should be taken into consideration in savings plan. Women face a challenge in the U.S. This is because they have a longer lifespan than men but statistically make less money to be used for saving, according to The Motley Fool in “Why Are Women Only Saving Half as Much as Men for Retirement?” […]
