JC Hall

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7 Questions to Ask Before Hiring a Financial Adviser

It pays to know the difference between the financial professionals offering to help you with your investment and retirement decisions before you make …

Retirement

Health Savings Accounts Explained

WHAT IF YOU COULD GET health insurance coverage and tax benefits, while being able to save for your future, all at the same time? A Health Savings Account (HSA) linked to a high-deductible health plan (HDHP) can do all that. Which may be why, increasingly, companies are offering these accounts as …

Retirement

America Is Minting More Millionaire Retirees Than Ever

American retirees are healthier and wealthier than ever. But wiser? A new report throws a little doubt on that notion.<p>Money manager United Income …

Retirement

Social Security 101: How to File for Benefits

Nothing worth doing is ever easy, and so it goes with Social Security. When the time comes to file for your benefits, be prepared. Here are the nuts …

The Ins and Outs of Buying Long-Term Care Insurance

Think about this coverage not just as insurance for long-term care, but for your retirement nest egg itself. With that in mind, here are some tips.<p>I …

Retirement

Retired? Your New Year’s resolution should be to spend more money

With so much advice out there about saving money, being encouraged to spend could sound a little weird. But that's what some financial services firms are telling retirees to do — to make a New Year's resolution to use more of those dollars they've been socking away.<p>With about 10,000 baby boomers …

Obama’s Final Numbers

SummaryThe numbers are nearly all in now. What they show about what really happened during the eight years that Barack Obama was president is …

Fact Checking

What your kids can do when they inherit your retirement accounts

Spouses are usually the primary beneficiary on retirement accounts but eventually retirement accounts are left to a non-spouse. Non-spouses have a …

Keep More of Your Retirement Savings with Tax-Bracket Planning

Without a comprehensive tax strategy in place, many retirees may pay three times more in taxes than they need to. Avoid that by “filling” your tax …

How to Use Your RMD to Create a Tax-Free Inheritance for Your Heirs

We used to think of them as the fortunate few: retirees with enough income to live comfortably without having to tap into their qualified retirement …

10 Best Mutual Funds for Retirement

Choosing the best mutual funds for retirement is a subjective exercise in investment selection — which is to say that each individual investor will …

Is $1 Million Enough to Retire?

It surely sounds like a lot, but once you do all the math, you might be sadly surprised. Here's why.<p>Understanding how much you need for your …

Retirement

Effective Tax Rate vs. Marginal Tax Bracket: What You Need to Know

Your tax bracket and the percentage of your income you actually pay are two different things.<p>Your marginal tax bracket, or marginal tax rate, and the …

We May Be About To See A Big Change In How Long-Term Care Insurance Is Priced

The way you pay for long-term care insurance policies may be about to change in a big way.<p>Genworth, the biggest seller of stand-alone long-term care insurance, is about to ask state insurance regulators for permission to fundamentally revise the way it structures premiums. Instead of holding …

Health Care

10 Retirement Stats Every Baby Boomer Should Know

Think you're ready to leave the workforce for good? Not until you read up on these facts.<p>Worried about retirement? You're not alone. A large number …

5 Facts About Medicare Every Retiree Should Know

The basics you need to know about Medicare.<p>Medicare doesn't have to be complicated.<p>Sure, there are many aspects to the federal healthcare program. …

The 1 Medicare Advantage Chart You Absolutely Have to See to Believe

Medicare Advantage's growth over the past decade has been phenomenal.<p>For 57 million Americans, Medicare is just as important a social program as …

Long Term Care Insurance: Here's What You Need to Know

After seeing their parents need Long Term Care, Richard and Barbara Adams searched for answers.<p>It was the fall of 2008 when Richard and Barbara Adams, recent retirees from the Buffalo School District and a former sales executive at a local newspaper, were on a two-week vacation in the Smoky …

3 Ways to Keep Your Estate out of Probate

Save your loved ones a lot of hassle and expense by taking steps now to protect your estate from probate.<p>Unless you're a lawyer, there's nothing good …

Who should pay quarterly estimated taxes?

Most people think they are only for the self-employed, but they are wrong.<p>Anyone who makes money outside of a traditional job generally has concerns over the tax implications of that income.<p>Most people don't want to end up with a tax bill at the end of the year, or see a planned refund end up …

Retirement

12 Jaw-Dropping Stats About Social Security

You probably know that Social Security is a key source of income for most retirees. But here are a number of things you may not have known about the program.<p>IMAGE SOURCE: GETTY IMAGES.<p><b>1. Nearly 61 million Americans receive Social Security benefits.</b> Not all recipients, however, are seniors. Retired …

Retirement

Most Americans Retire Too Early Despite Low Savings

<b>FORECASTS & TRENDS E-LETTER<br>by Gary D. Halbert<br>January 3, 2017</b><p><b>Over Two-Thirds of Americans Retire Too Early</b>• <b><br>The Main Sources of Income in Retirement</b>• <b><br>Most</b> …

How Americans save for retirement, and how it's changed

<i>Money can be difficult to talk about, and many financial issues are complicated to tackle. That's why Chase and Vox Creative created the Five</i> …

Congress could put an end to inherited IRAs for non-spousal beneficiaries

Retirement accounts and estate plans may soon be taking a major hit from the IRS, if Congress decides early next year to change the rules on a tax …

Retirement

What the Rich Are Doing Now to Reap Trump’s Tax Bonanza

For wealthy Americans, the outcome of the 2016 election could be lucrative.<p>Democratic candidate Hillary Clinton proposed hiking their taxes. Donald …

Retirement

Best Fidelity Funds for 401(k) Retirement Savers

Boston-based Fidelity is the second-biggest player in the 401(k) space, managing 20 funds that rank among the largest mutual funds in 401(k) assets, …

5 Documents You Need To Avoid Costly Estate Planning Errors

Today marks the beginning of National Estate Planning Awareness Week, which was created to help the public better understand this important area of financial wellness.<p>Estate planning is a little different for everyone. While you are alive, the estate planning process allows you to manage and …

Retirement

How to Retire on a Cruise Ship with Less Than $1 Million | Investopedia

Stashing away $1 million for retirement has long been the goal that savers were encouraged to shoot for, but many Americans have stashed away far …

Retirement

10 Surprising Tax Deductions You Might Be Able to Take

Image source: Getty Images<p>When tax time rolls around, it's easy to feel resentful about how much money you're sending to Uncle Sam. (True, we do get schools and roads and police and soldiers and food safety regulations for our money, but we often overlook such things.) Fortunately, though, you …

Retirement

How And When To Apply For Social Security Retirement Benefits

There are three different ways you can apply for your retirement and/or spouses benefits.<p><i>Dear Savvy Senior,</i><p><i>What is the easiest way to apply for my Social Security retirement benefits, and how far in advance do I need to apply before I start collecting?</i><p><i>Approaching 62</i><p>Dear Approaching,<p>The Social …

Retirement