Retirement

Happy family taking Selfie while sitting in cafe Getty In addition to your health insurance premiums, your employer may offer a flexible spending account (FSA) or health savings account (HSA) to help offset your out-of-pocket costs. There are some key differences between these two options you should know about. Flexible Spending Account FSAs allow you

Hundred Dollar Bill Close Up Getty In a bi-partisan effort, the House of Representatives recently pass the SECURE Act – Setting Every Community Up For Retirement Enhancement. The bill, that will now go to the Senate, makes significant changes that will impact most Americans who are preparing for retirement, or are all ready to retire.

Photocredit: © 2019 Bloomberg Finance LP © 2019 Bloomberg Finance LP The uptrend remains intact but Monday appears to be a down day. The upcoming week is options expiration week which typically has a bullish bias. This week in June, however, has not been as strong as it has been in other months. Expect a

Share to facebook Share to twitter Share to linkedin Photocredit: © 2018 Bloomberg Finance LP © 2018 Bloomberg Finance LP Gold has had a good run, but it appears to be set up for a decline. This rally has had an effect on sentiment, turning bears into bulls. Judging by the opinion polls, when optimism

Father Knows Best was more than a popular 1950s TV show. It’s an adage that has withstood the test of time (and the turbulent 1960s). This Father’s Day, as you pay homage to your sire, delight him by recalling some of his wit and wisdom when it comes to financial matters. The worth of these

Photocredit: Getty Getty Throwing away the alarm clock. Skipping the commute. Traveling the country – or the world. These are the things many people think about when planning their retirement – or, more aptly, what I like to call the “vacation” part of retirement. While it’s entirely understandable that these aspects of retirement can be

Today I’m discussing a handful of growth heroes whose share values could spike in the weeks ahead. Robert Walters In a recent article I spoke of PageGroup and explained why its share price could pick up the pace following the release of new financial results in July. I reckon fellow recruitment specialist Robert Walters, judging

This levitating market just might have you thinking there are no more cheap 6%+ dividends out there. Well, don’t worry, because there certainly are—particularly if you fish in the obscure pool of funds we’re going to dive into today. It boasts plenty of big payouts of 6% and more. But most folks don’t even consider

Humboldt’s hog-nosed skunk (Conepatus humboldti) searching for food in Valle Chacabuco, Patagonia, Chile Getty Citizens of the world! The press is misleading you on retirement savings! A worrying new study from the World Economic Forum predicts that “retirees might run out of money 10 years before they die,” according to Bloomberg News coverage. The World

Cancer terrifies us. It just does. Especially those of us who grew up when most kinds of cancer meant certain death. And for us it hasn’t seemed to matter that treatments and survival rates speak to the contrary. It still terrifies us. But maybe that’s beginning to change. As we watch people around us survive

Will you be able to retire safely under the SECURE Act? expatica.com My previous post introduced the potential consequences of the SECURE Act, which is being promoted as an “enhancement” for IRA and retirement plan owners.  This is because it includes provisions allowing some workers to make higher contributions to their workplace retirement plans. I

Regular readers will recall that back in the fall I wrote a series of articles digging into the insolvency crisis threatening many union-sponsored multi-employer pension plans as well as the multi-employer fund of the PBGC, the Pension Benefit Guaranty Corporation.  The long and short of it is that both the multi-employer PBGC fund and certain

When government agencies try to make decent consumer protection rules, they often trip over themselves. The Securities and Exchange Commission (SEC), which just issued “best interest” rules (Regulation BI) for brokers and advisers, stumbled often in its decade-long path, although it seems to be going in the right direction. Here’s the gist of the rule:

Forget the trade war. There’s a bigger danger that too many investors (and especially vulnerable retirees) are ignoring today. That’s the threat of a snap dividend cut—and the massive damage it can do to your income and your nest egg. More on that—and 4 imminent dividend cuts you need to dodge now—shortly. Why I’m Sounding

By Beth Braverman, Next Avenue Contributor rossmoor.com The first time Mary Hickey, 53, and her husband, Joe, 59, looked at a home in Sun City Peachtree, a development in Griffin, Ga., in early 2016, they didn’t realize it was an age-restricted community. But the more the accountant and human resources manager learned about the activities there,

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 whether Social Security will force receipt of a retirement benefit at 62, whether claiming early benefits might be advisable, whether Social Security will suspend widow(er)’s benefits at 62, filing

Trade negotiations with China could resume soon, in the flash of a tweet. But it will take a long time to reach a deal, and much longer to seal it. Wall Street wants a quick end to the trade war. Businesses on both ends of the trade equation want a quick end to the trade

On May 23, 2019 the House of Representatives overwhelmingly passed the SECURE Act (Setting Every Community Up for Retirement Enhancement). A more appropriate name for the bill would be the Extreme Death-Tax for IRA and Retirement Plan Owners Act, because it gives the IRS carte blanche to confiscate up to one third of your IRA

Families face more and more economic uncertainty in their daily lives with jobs quickly disappearing in some communities, pay at the whims of ever more powerful employers, contingent jobs and the gig economy taking on a larger role in everyday life, to name just some of the most common risks. Preparing for retirement is no

time is money concept, young women holding coin in glass cup and retro alarm clock over abstract background Getty Retiring involves a certain amount of risk even at the best of times. Some retirement funds, like a 401(k) or an IRA, are subject to market volatility. But what if you’re forced to retire early? Or