Retirement

Share to facebook Share to twitter Share to linkedin A few million people still are eligible to use a Social Security benefits strategy that’s so valuable Congress banned it. But time is running out for them. The strategy is known as filing a restricted claim for benefits. It’s available to married couples and some divorced

. Photographer: Andrew Harrer/Bloomberg © 2019 Bloomberg Finance LP Global financial markets could face a nightmare scenario one day: the burst of multiple bubbles, fueled by years of easy money around the globe. That’s what happened back in 2008-9. US stocks dropped 37%, German stocks 42%, and Chinese stocks 62%; commodities dropped 37 percent (with

Target joined Walmart this week reporting strong sales, driven by same-day fulfillment. Online sales leaped 34% during the quarter. Last week, Walmart reported a 2.8% jump in same-store sales and a 37% jump in on-line sales for the fiscal second quarter. All in all, Target has reported nine consecutive quarters of positive sales results. Walmart

Donald Trump won’t say it, but Republicans in the Senate will: Social Security and Medicare would be on the chopping block in a second Trump term. Pointing to rising deficits, Republican senators have all but promised to gut entitlements if Trump gets four more years.  Sen. John Thune (R-SD), the second-ranking Senate Republican, expressed hope

CHICO, CALIFORNIA – AUGUST 22: Supporters hold signs as democratic presidential candidate U.S. Sen. Bernie Sanders (I-VT) speaks during a town hall meeting about climate change on August 22, 2019 in Chico, California. Bernie Sanders held a town hall Getty Images Earlier this week, this Bernie Sanders campaign released an expansive set of proposals meant

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 explore when you can, and cannot, file a restricted application for spousal benefits only, when retirement benefits can be claimed after restricting an application, lasting effects of filing early, public

“The best thing to hold onto in life is each other.”~Audrey Hepburn They are your rock, your anchor, your best friend. And while you might be able to live without your spouse or significant other, you don’t ever want to. And as it turns out, there’s not only a romantic, but a practical reason for that—one that

As broke investors worry more and more about a stock market crash, billionaires are quietly loading up on their favorite dividend paying stocks. Investing for growth and income, these “country clubbers” know how to 4X their yields without taking on any additional risk. Who would you rather invest with? Obviously, the rich guy or gal

Separation could be a more financially secure alternative for people over 55 considering divorce says an expert. Photo credit: Getty Getty Thinking about getting a divorce after 55? Healthcare could make legal separation or just separating a wiser choice, suggests attorney Richard Neuworth. He will be leading a discussion on the impact of divorce on

Gottlieb Daimler took on the role of mentor to an orphan, Karl Maybach, and in doing so made the first Mercedes car a reality in 1901. Getty Images There have always been significant challenges associated with inter-generational succession, with the majority of family businesses not being able to succeed into the next generation. The challenge

US President Donald Trump sign a Presidential Memorandum on Discharging the Federal Student Loan Debt of Totally and Permanently Disabled Veterans, at the American Veterans (AMVETS) 75th National Convention in Louisville, Kentucky on August 21, 2019. Photo credit: AFP/Getty Images (Photo by Mandel NGAN / AFP) / ALTERNATIVE CROP (Photo credit: MANDEL NGAN/AFP/Getty Images) President

For far too many older workers in the U.S., the prospect of retirement prompts a scary question: Can I get by on Social Security alone? Although we’re told to save throughout our working lives, many Americans simply lack the means to build up a 401(k) or IRA. Currently, about one in three older workers have

Are these 5 hidden mistakes preventing you from becoming wealthy? Getty Many people fall in love with the idea of becoming wealthy. After all, who wouldn’t want to have all of their financial needs taken care of, and still have money some leftover for fun? The good news is there are steps you can take

‘Whatever you do, don’t try to sell us an annuity.’ When 60-something couples visit a financial adviser’s office for help with retirement planning, these are often the first words they say after sitting down. Most of what they’ve read about annuities has been eye-glazing or frightening. But don’t write off annuities yet. Owning annuities can

Kristy Shen didn’t grow up with much. Some of her early memories were playing in medical waste dumps in rural China. Of candidates to one day retire at the ripe old age of just 31 Shen would have been an unlikely one. After her family emigrated to Canada when she was young, Shen would go

WASHINGTON, DC, 2019/07/31: Seema Verma, Administrator, Centers for Medicare & Medicaid Services, U.S. Department of Health and Human Services speaks during the Heritage Foundation’s event. (photo by Michael Brochstein/SOPA Images/LightRocket via SOPA Images/LightRocket via Getty Images President Trump’s Medicare chief, Seema Verma, may have signaled the beginning of the end of Medicare’s three-day rule—the requirement

For those in what we call “midlife”, somewhere between 45 and 65 years of age, there is a hidden crisis many face. It’s not suddenly wanting to re-make your life nor taking an abrupt turn in your relationship with your significant other. Rather, it’s the pressure of feeling obligated to take care of both aging

Pedestrians walk past the ASX Ltd. exchange centre in Sydney, Australia, on Thursday, Feb. 14, 2019. “We made good progress on our core initiatives across the period, including the program to replace CHESS with distributed ledger technology; upgrade of our secondary data centre to strengthen market resilience; and restructure of our Listings Compliance team to

In a down market, buy the few stocks showing strength. Getty Tuesday’s big 800 point drop in the Dow has many investors running for the exit. However, as we’ve learned from Wayne Himelsein in the last few weeks, even in a bad market some stocks are worth buying. Last week Motorola, Adobe, and Track Supply

Real estate investment trusts (REITs) are great potential fits for any modern retirement portfolio. With interest rates ticking down from 2% to 1% and, perhaps, eventually 0%, these generous dividend payers are benefitting big time. REIT stocks tend to yield twice as much as regular ol’ stocks. They collect rent and pay it directly to