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Supreme Court Saves Christian Hospitals from Crushing Pension Payments

Unanimous victory for religiously affiliated health care groups will affect 100 lawsuits. The US Supreme Court unanimously affirmed today that …

U.S. Supreme Court

Millions hoping to gradually phase in retirement could have to work into their late 70s because they are not saving enough, report warns

Millions of pension savers hoping to gradually phase in their retirement could find themselves working into their late 70s or beyond to achieve the lifestyle enjoyed by previous generations, a report warns.<p>Sir Steve Webb, a former pensions minister, warned that the dream of a flexible retirement …

Maxed out? What to do when retirement funds run out

Rebecca Sudano sees cash-strapped seniors every day. But one client sticks out in her memory.<p>“A gentleman of 86 came in and threw a pile of credit cards down on the table. When I asked him what the problem was, he said, ‘The problem is I’m still alive.’ ”<p>Ms. Sudano, a licensed insolvency trustee …

Retirement

Millennials face a depressing conundrum: Is it worth saving $5 a month for retirement?

Six months ago, Erica Patella, a 23-year-old insurance representative at Cardinal Advisors in Raleigh, N.C., started saving money to open up an individual retirement account with just $20 a month.<p>It may not seem like much, but by stashing away even a little money every month she was able to open up …

Senior Specials: 14 States With Retirement Income Tax Breaks

You don’t have to move to a no-income-tax state to get big income tax breaks in retirement. These 14 states don’t tax any of your Social Security and exclude at least some private pension and IRA income from their taxes, with no income limits. So, you could be a millionaire-earner and get these big …

Retirement

Social Security Benefits are Partially Taxable -- Find Out How Much

You've finally retired. You've reached the age when you can begin collecting Social Security. Life is easy until tax time rolls around. Then the …

This Tax Trick Could Be Incredibly Useful in 2017

It's the one chance you get for a do-over.<p>Sometimes paying taxes now can help you avoid a bigger tax bill later on. That's the thinking behind paying …

Retirement

Why you and your spouse should think like a team when saving for your retirement

Retirement planning is best done at the household level.<p>But that’s not how couples save for retirement. Instead, households sock money away for their golden years in tax-advantaged accounts — 401(k)s, IRAs and the like — held in the name of one individual, according to new research published by the …

The One Thing Americans Get Right About Retirement Saving

(Hint: He lives in Omaha)<p>Americans get one thing right when it comes to retirement saving: They would like Warren Buffett to be their personal …

Retirement

Things You Should Know About IRA Beneficiaries: Part 2

In my last article, I discussed IRA beneficiary designations and how they specify who should receive your retirement account funds if you are to pass …

Retirement Planning Strategies for Clients in Their 60s

Retirement is different for everyone. Some clients want to travel, some want to help their children financially, while others plan to continue …

Retirement Planning

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 …

Insurance

Early Retirement Is Not for Everyone

I had a great lunch today with an old friend of mine. We used to work together and he was a couple of decades older than I was, so today he’s …

Retirement Planning

How to Save for Retirement

When you’re working hard to pay the rent and your cellphone bill and student loans — oh, and eat — saving for retirement can feel like a ridiculous …

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Unleashing a $12 Trillion Dollar Longevity Bonus

3 Real-World Reasons You Should Wait Longer to Claim Social Security Benefits

Image source: Getty Images.<p>For a majority of the 41.2 million retired workers currently receiving a monthly Social Security check, their benefit comprises at least half of their monthly retirement income. Take away or lower that benefit and quite a many senior citizens could struggle to make ends …

Social Security

4 Smart Retirement Moves You Can Make Today

Whether retirement is a few years or a few decades down the road, it's never too early to put some thought into what lies ahead. Here are four things you can do right now to take control of your retirement.<p>IMAGE SOURCE: GETTY IMAGES.<p><b>1. Come up with a plan</b><p>Entering retirement without a plan is sort …

Retirement

A Quest For Simplicity Ends With The Perfect Retirement Home

Not all quests belong in the fantasy world. Some are as real as they can get. For architects, each project is a new quest, a new challenge and an …

Architecture

How to Pay Less Taxes in Retirement

You can pay lesser taxes in retirement if you do smart tax planning from ages 55 to 70. The opportunity to pay less is greatest for those who:<p>Have …

Number of Americans retiring and moving abroad on the rise as economy nosedives

Consumer confidence might be higher than it has been in a long time following the election of Donald Trump as President-Elect, but the current state …

12 Smart Tax Moves You Can Make in 2017

The prospect of reading and thinking about taxes may not be that exciting to you, but give it a second thought. The more you know, the less in taxes you may pay and the more money you can save. Use these 12 smart tax moves to strengthen your current and future financial security.<p>Image source: Getty …

Retirement

'There's a danger of a generation who can't afford to retire'

Is the idea of a financially comfortable retirement increasingly unattainable – and are we being honest about how much we need to save?<p>timeline<p>At 19, working full-time and studying for an Open University degree, Rachael Ingram is already saving for her retirement. But she’d rather be spending the …

Retirement

Why Bonds Aren't Enough for Your Retirement Income

I met Ian and his wife Patricia about six months ago. Patricia retired years ago, and now at age 72, Ian was calling it quits at work too. Ian had …

Social Security: What to Expect in 2017

2017 will be an important year for Social Security. Many routine changes to the program took place at the beginning of the year, but the bigger question is whether the new president will work with lawmakers to craft a long-awaited comprehensive reform of Social Security. Below, we'll look at the …

Social Security

When Should You Claim Social Security?

One of the most important financial questions you'll face in retirement is when to claim Social Security. The most popular time to start getting retirement checks is right when people turn 62, which is the earliest allowable age for most workers. However, the way benefits are calculated can make it …

Social Security

3 Solid Retirement Strategies For Business Owners

, Contributor<p>When nearly 50 percent of the population is unprepared for a major life event, we have a problem. That’s exactly the picture that a TD Bank survey paints for us regarding business owners and retirement: 47 percent don’t have a plan in place.<p>Here’s why this is critical: You don’t get a …

Retirement

The Simple Reason You Can't Know Your Retirement Number

The idea of finding your "retirement number" -- the amount you need to save to live a comfortable retirement -- is very appealing to many Americans. And don't get me wrong: the idea behind the retirement number is good: It encourages people to plan and make a budget.<p>Unfortunately, particularly for …

Retirement Planning

How to earn $5,000 a year more in retirement

Many people expect their living costs to drop in retirement, and while this might be true in certain cases, it isn't always. Healthcare alone can eat up a large chunk of the average retiree's budget, while other expenses, like housing, food, and transportation can really add up.<p>Since there's a good …

Social Security