Retirement

Russ Kliman Every fall, I attend the Finovate conference in New York City, where dozens of fintech entrepreneurs from around the world present apps and services they’re rolling out for consumers and financial institutions. In recent years, I’ve been disappointed by how little I’ve seen for people 50+; nearly all the consumer presentations were aimed

Not only is financial plannning different for everyone, it varies greatly between genders. Getty On a recent podcast, I spoke to Jean Chatzky, best-selling author and financial editor for NBC’s TODAY Show, about the issue she has been most passionate about—and one she’s built a career educating the public on. I’ve said in the past

Getty Do you know if your retirement portfolio is overexposed to growth stocks? Over the last decade, growth stocks have performed significantly better than value stocks. Over the past year, however, it appears the pendulum has swung to favor value stocks and recent data suggests the trend is accelerating. For the quarter just ending September

Gifts have to be reported on Gift tax returns which are complicated! Getty If you are like many wealthy taxpayers, your CPA and/or tax attorney have just finished a grueling, down-to-the-deadline, tax filing for gift tax returns. Many of these gift tax returns were triggered out of prudent efforts by taxpayers planning to reduce their

Americans report saving money in anticipation of a recession. Getty Put simply, Americans’ relationship with money is broken. It’s no secret that most Americans live paycheck to paycheck. That staggering statistic never ceases to sadden me. Unfortunately, widening income inequality is only worsening the problem. Over the past decade’s bull market, the unemployment rate has

Getty By Sam Meenasian, Next Avenue Contributor Many boomers want to change careers for a variety of reasons: to reduce stress; to learn something new; to follow their passion; to find a change of pace or to stay ahead financially. But it’s easy to make mistakes and overlook factors that are critical to changing careers

Gifting interests in a closely held business can be an effective estate planning technique. It can save on estate taxes and reward family members for their hard work in running the family business while transitioning ownership to the younger generation.     Recently, I worked with a couple who owned a small family business. They were considering

A 2018 Forbes article reported that the cost of college education is increasing almost eight times faster than wages in the United States. As these numbers continue to rise, it’s not surprising that many people are looking for assistance to defray education-related expenses. If you have adult children, partially funding your grandchildren’s education can be

The logo for General Electric appears above a trading post on the floor of the New York Stock Exchange, Friday, Aug. 16, 2019. General Electric rebounded 6.7% after reporting late Thursday that its CEO had bought 250,000 shares of GE stock. GE had ASSOCIATED PRESS This morning, CBS News and other news outlets reported that

Getty Why does it make sense for you to have a cushion of cash when you retire? Many financial professionals say that it’s a winning strategy. It helps smooth some of the inevitable rough spots. It offers peace of mind. In the end, it can mean the difference between a comfortable retirement and an anxious

BOSTON, MA – AUGUST 27: Home Health Care aid, Lora Lodkina, left, helps Galina Zhidkova with shopping. (Photo by Suzanne Kreiter/The Boston Globe via Getty Images) Boston Globe via Getty Images In 2020, Medicare beneficiaries will have more opportunities to join Medicare Advantage (MA) managed care plans that offer limited personal supports and services such

Coaches are everywhere these days.  What used to be the province of the playing field or the ice arena, now is common to the board room, the gym, the hospital delivery room, the concert stage, and more recently, the retirement arena. I have been coaching recent and prospective retirees for the past eight years. It

Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses withdrawing an application for Social Security retirement benefits, what happens with Social Security disability benefits at certain ages, survivor’s benefits and domestic partnerships, submitting an application and whether to

By Randi Mazzella, Next Avenue Contributor Patricia Heaton stars in ‘Carol’s Second Act,’ which premiered this fall on CBS CBS Remember when NBC billed its Thursday nights shows as Must See TV? This fall, NBC and CBS have three new Thursday night half-hour comedies that might be called Second Act TV, featuring popular stars launching

See where you fit on the money accumulation curve. If you are curious about whether you are keeping up with the Joneses, our calculator will help. Open the Google Sheet document. Make a copy. Insert your net worth. The spreadsheet will tell you where that ranks you among 128 million U.S. households. Wealth Calculator Google

Source: Stock.Adobe.com Here’s why they are related The financial advice industry is known for having strong opinions.  Politics is like that too.  Especially these days.  To be clear, this is NOT a political commentary.  I direct you to a zillion other locations on the internet for that. Likewise, it seems to me that people within

Buy funds with the lowest fees and you’ll retire earlier. That’s the so-called “wisdom” in investing, right? Too bad it’s dead wrong. Today I’m going to show you how. I’ll also name an incredible fund that racked up a monster 338% return in the last decade, crushing its “dumb” index-fund alternative by nearly 4 to

A blue-chip dividend portfolio pays about 2% today. Put a million bucks into a bucket of these stocks and you’ll bank just $20,000 in yearly dividends. That’s barely extra change–on a million invested! There’s a better way. I prefer to focus on stocks and funds that simply aren’t as familiar as the big names to

Getty Getty Pepsi’s stock is on the mend this year, beating Coke and major market averages by a big margin in the last twelve months. That’s a big difference from previous years when Pepsi underperformed the major market averages, though it still beat Coke. What drives Pepsi’s big comeback on Wall Street? Pepsi’s vs Coke,

A man wearing a Teamsters jacket attends a rally with retired members of the International Brotherhood of Teamsters and their supporters outside the Capitol in Washington, D.C., U.S., on Thursday, April 14, 2016. The demonstrators are protesting a © 2016 Bloomberg Finance LP It’s time to talk multiemployer pension plans again. After all, it’s October.