Retirement

Woman contemplating her Roth and Traditional IRA options. Getty In this third article of my series on traditional IRAs and Roth IRAs, I provide comparisons to show the dynamics between these two instruments in the hope of answering whether a traditional IRA or Roth IRA is best for you. It may come as a surprise

Retirement planning strategies change throughout our careers. While not on the cusp of retirement, as many Baby Boomers are, members of Generation-X are farther along in their career journeys than Millennials and younger generations. With less time to build their nest eggs, Gen-Xers need to pursue different strategies than workers just starting out or those

null Getty It’s entirely possible that you could live for 25 to 30 years after you retire. Planning to be financially secure for the rest of a potentially long life requires making a series of complex decisions, each with high stakes. And you often won’t have a “do-over.”  If you can avoid making these seven

Eliminating the racial wealth gap benefits all families as it results in faster economic growth. Getty Racial equality has become a central theme of this presidential election cycle. The racial wealth gap – the massive difference in the wealth that African-Americans and whites own – has gained particular attention, in large measure because it has

Getty By Diane Eastabrook, Next Avenue Contributor In the 1970s, many teenage boomers practically lived at the mall, trying on clothes at The Gap, eating pretzels at Hot Sam’s and buying albums at Tower Records. Little did they know that by 2029, they might literally be living at the mall. Converting shuttered malls into what’s

New York, United States of America: Facade of the New York Stock Exchange building on Wall Street photo credit: Getty Getty The stock market these days is insane–and taking investors on a financial roller coaster ride.  It’s been down 900 points one day, up 250 another day, repeat, repeat, repeat! If you’ve logged into your

Let’s brush aside some financial noise today, as I’d like to show you the best retirement investment you can make. I’m talking about secure dividends that’ll grow every year, fund your regular expenses today, plus grow your capital so you don’t have to ever worry about running out of money. You won’t have to worry

The new Medicare Plan Finder raises some security concerns Getty By now, most who work with the Medicare Plan Finder have had a chance to familiarize themselves with the new version. The most onerous change is that beneficiaries must log into their MyMedicare.gov account to access saved information. If they don’t have an account and they

Marijuana for sale on a cannabis tour organized by L.A.-based Green Tours, January 24, 2019. (Photo credit ROBYN BECK/AFP/Getty Images) AFP/Getty Images OK, let’s get past all the jokes about aging Baby Boomers revisiting their youth and getting stoned. As the medical and recreational use of marijuana grows across the country, older adults are increasingly either

Late last July Jason Zweig and Andrea Fuller reported on the front page of The Wall Street Journal how CFP Board has failed at monitoring certificant listings at their LetsMakeAPlan.Org consumer referral website. Zweig and Fuller found certificants whose disclosure histories appeared clean on CFP Board’s site to have, among other causes for criminal felony

null Getty Last week, I promoted, in contrast to Elizabeth Warren’s Social Security plan, a basic retirement income. That’s not a pipe dream. In various other developed countries, it’s a perfectly normal way to provide Social Security benefits. So let’s take some examples from the world of state retirement systems outside the United States, drawing

Saving for the future and planning for retirement can be extremely daunting. You might feel frozen and unable to do everything you want to improve your situation. However, taking advantage of simple financial strategies today (e.g., automating your savings, cutting current expenses and saving raises) could significantly improve your future. If you’re looking for more

Wondering if you have enough savings in your 401(k) and IRA to retire comfortably? Confused about the best way to deploy your savings in retirement so you don’t outlive your money? These are critical retirement planning decisions for most older workers who are approaching their retirement years.  The trouble is, the majority of older workers

Wayne Himelsein is buying Mastercard.  © 2019 Bloomberg Finance LP The S&P 500 made a new all-time high last week. Wayne Himelsein, one of my best managers, bought Mastercard even though his confidence in the market has been somewhat weakened by the failure of the Dow and Nasdaq to confirm the S&P 500’s new high,

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 how years with no income can affect benefit amounts and estimates, the calculation of spousal benefits, effects on later benefits of filing early, public pensions and the WEP and

Share to facebook Share to twitter Share to linkedin Photocredit: Getty Getty There is a projected turning point on the 16th. The market has been rising, and the index is up against its July 26th all-time high. We can expect a pullback. The market is unlikely to make a new low, but let us look

Last Saturday’s sophisticated attacks in heavily guarded ARAMCO’s facilities by Houthi insurgents change the game for the oil market, and for ARAMCO’ Initial Public Offering (IPO). That’s according to Athens-based oil analyst Theophanis Matsopoulos. For the oil market, Matsopoulos sees disruption in oil supplies and rising tensions between Saudi Arabia and Israel on the one

The passage of the Tax Cut and Jobs Act (TCJA) in December 2017 has incentivized many individuals and families to not only review their estate plans, but to also take advantage of the increased lifetime estate and gift tax exemptions ($11.4 million per person and $22.8 million for a married couple for 2019). However, depending

Where are you going to find meaningful income to get you through retirement? Not from popular stocks, with the S&P paying less than 2%. And bonds won’t help either, as their yields are in the tank, too. Instead let’s consider real estate investment trusts (REITs), which are tailor-made for investors who are at or nearing

In a second, I’m going to reveal three real estate stocks that are much better than buying rental property of your own. Why? Because this trio: Pays a 9.3% dividend, on average—with one yielding an incredible 11%. I think you’ll agree that this is a pretty tough return for most “real” landlords to get. Takes