Retirement

  • Respect Your Survivors By Creating a Will
    Kiplinger19 hours ago

    Respect Your Survivors By Creating a Will

    It's hard to believe that with an estate worth $80 million, Aretha Franklin died without a will. Let that be a lesson to the rest of us.

  • Retirees, Year-End Moves to Trim Your Tax Tab
    Kiplinger2 days ago

    Retirees, Year-End Moves to Trim Your Tax Tab

    The coming tax-filing season will be full of twists and turns. New tax forms should be in place. Old, familiar tax breaks are gone, replaced by new breaks and new tax-saving opportunities. And the new, lower tax rates are in full effect. If the 2019 filing season were a reality show, no doubt it would

  • Reuters5 days ago

    COLUMN-U.S. probe shines light on Medicare Advantage claims denials

    A growing number of U.S. seniors are choosing Medicare Advantage, the popular private insurance alternative to traditional coverage. The report found “widespread and persistent problems related to denials of care and payment in Medicare Advantage” plans, which usually are managed-care HMO or PPO

  • Hefty Fund Payouts Trigger Big Tax Hit
    Kiplinger6 days ago

    Hefty Fund Payouts Trigger Big Tax Hit

    Investors have been socked with sizable taxable distributions in recent years, and 2018 will be no different.

  • Will Trump's Plan to Include Prices in Drug Ads Help You Save on Prescriptions?
    Consumer Reports6 days ago

    Will Trump's Plan to Include Prices in Drug Ads Help You Save on Prescriptions?

    After Michele K., a lawyer in Chicago, was diagnosed with rheumatoid arthritis several years ago and didn’t get better with standard treatment, her doctor suggested she try a newer drug, Humira. ...

  • A Retirement Checklist: 8 Steps to Take Now
    Kiplinger7 days ago

    A Retirement Checklist: 8 Steps to Take Now

    Retirement should be like a second childhood ... without parental supervision. I believe that's doable for most people, but it takes planning. Luckily, you can begin right now by taking the following steps. Written by Ken Moraif, a senior adviser and certified financial professional at Money Matters

  • It's Time to be Realistic about Retirement
    Kiplinger7 days ago

    It's Time to be Realistic about Retirement

    From how much you'll need to how you'll spend your time, your retirement plan needs to be grounded in reality.

  • Strategize Now to Avoid a Nasty Tax Surprise in Retirement
    Kiplinger8 days ago

    Strategize Now to Avoid a Nasty Tax Surprise in Retirement

    If you did most of your retirement saving in 401(k)s and IRAs, unless you have a plan, you may end up paying a lot more in taxes than you bargained for.

  • Why I’m Not Worried About My Skimpy Retirement Savings
    GoBankingRates8 days ago

    Why I’m Not Worried About My Skimpy Retirement Savings

    Despite what you've heard, life can't be perfectly mapped out.

  • 10 RMD Mistakes to Avoid
    Kiplinger9 days ago

    10 RMD Mistakes to Avoid

    After saving for years in an IRA, 401(k) or other tax-deferred retirement plan, you eventually have to take the money out and pay taxes on it. Most people need to start taking these required minimum distributions after they turn age 70½--and the stakes are high. If you don't take out the required

  • Social Security checks will grow in 2019 as inflation rises
    Associated Press13 days ago

    Social Security checks will grow in 2019 as inflation rises

    WASHINGTON (AP) — Tens of millions of Social Security recipients and other retirees will get a 2.8 percent boost in benefits next year as inflation edges higher. It's the biggest increase most retired baby boomers have gotten.

  • How roboadvisors and 401(k)s reacted to the market drop
    Yahoo Finance13 days ago

    How roboadvisors and 401(k)s reacted to the market drop

    The market’s drop of more than 3% on Wednesday did not send retail investors into a frenzy, as a combination of behavior finance cues, education, and perspective kept people on track. Fidelity saw a jump of 20% in its trading volume in the afternoon as momentum grew, bringing the market to close on

  • Retirees, Avoid These 11 Costly Medicare Mistakes
    Kiplinger13 days ago

    Retirees, Avoid These 11 Costly Medicare Mistakes

    Medicare covers the bulk of your health care expenses after you turn 65. But Medicare's rules can be confusing and mistakes costly . If you don't make the right choices to fill in the gaps, you could end up with high premiums and big out-of-pocket costs. Worse, if you miss key deadlines when

  • New Retirement Plan Option May Be on Horizon
    Kiplinger15 days ago

    New Retirement Plan Option May Be on Horizon

    Multiple employer plans would allow unaffiliated small businesses to join together to offer 401(k)s.

  • A Pre-Retirement Checklist: 8 Steps to Take Right Now
    Kiplinger15 days ago

    A Pre-Retirement Checklist: 8 Steps to Take Right Now

    Planning for retirement obviously is a big job, so it helps to break it down into a series of goals that you can check off as you go.

  • Working past 65? It's easier to do if you graduated college
    Associated Press16 days ago

    Working past 65? It's easier to do if you graduated college

    NEW YORK (AP) — Close to one in five Americans who's 65 or older is still working, the highest percentage in more than half a century. And the one who's still working may be better off.

  • The Easy-to-Miss Way to Have Enough Money for Retirement
    Kiplinger16 days ago

    The Easy-to-Miss Way to Have Enough Money for Retirement

    Be tax smart to maximize your savings in retirement. Here are four ways to reduce your taxes once you retire and keep more of the money you worked so hard to save.

  • Kiplinger20 days ago

    FIRE Savers Race to Retirement

    The Financial Independence, Retire Early (FIRE) movement is catching on with a new generation that is redefining what it means to be retired.

  • We Followed Our Dreams and Retired to Mexico. This Is What No One Tells You About Starting a New Life Abroad
    Money20 days ago

    We Followed Our Dreams and Retired to Mexico. This Is What No One Tells You About Starting a New Life Abroad

    Many Americans dream of retiring to warm and cheap destinations abroad. But it's important to have a backup plan.

  • How Much Tax Will You Owe Next Year? Get an Inside Look Now.
    Consumer Reports21 days ago

    How Much Tax Will You Owe Next Year? Get an Inside Look Now.

    The Tax Cuts and Jobs Act of 2017, with its lower tax rates and higher standard deduction, has put extra money in workers' paychecks in 2018. And many taxpayers may realize when they do their tax...

  • How Long Will My Money Last in Retirement?
    SmartAsset22 days ago

    How Long Will My Money Last in Retirement?

    Retirement can be a wonderful time when you get to relax, explore your passions and spend time with your family. No matter how carefully you’ve planned for this period, though, you may find yourself asking: How long will my money … Continue reading → The post How Long Will My Money Last in Retirement

  • The Next Recession Is Coming by 2021, According to an Overwhelming Majority of Economists
    Money23 days ago

    The Next Recession Is Coming by 2021, According to an Overwhelming Majority of Economists

    A smaller percentage – 10% – say a contraction could happen as early as 2019.

  • Surprise, You Can Retire Now!
    Kiplinger23 days ago

    Surprise, You Can Retire Now!

    Many baby boomers do not realize that they have already passed the retirement threshold, but they have trouble transitioning their mindset from wealth accumulation to personal fulfillment.

  • The Bull Market Could Ruin Your Retirement
    Bloomberg26 days ago

    The Bull Market Could Ruin Your Retirement

    Here’s the good news for many people in their 60s and 70s: The long bull market has fattened retirement portfolios. For retirees who take annual withdrawals from savings, a long stretch of below-average returns early on can make it impossible for a portfolio to fully recover. After accounting for inflation

  • COLUMN-Ten years after onset of Great Recession, how are U.S. retirees doing?
    Reuters26 days ago

    COLUMN-Ten years after onset of Great Recession, how are U.S. retirees doing?

    In the financial crash and Great Recession that followed, millions of Americans lost their homes and jobs and saw their prospects for a secure retirement damaged. But how are we doing on retirement security? The picture is very mixed, as you can see from a comparison of key numbers before the