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6 ways you might get taxed in retirement

Seniors aren't exempt from taxes. Here's how the IRS can get you when you're older.<p>One common retirement misconception is that your tax burden will be negligible compared to what it was during your working years.<p>But that may not come to be the case. Depending on the income sources you have …

Retirement

Retirement Strategy: You're Ready To Retire And Never Planned - But You Do Have Options

I've been writing for Seeking Alpha since 2011. I have written only one article such as <b>this one</b> late last year, but as my readership has grown, I …

Why I Won't Wait Until 70 to Take Social Security

There are reasons why taking Social Security at 70 might make sense, but I still plan on claiming my benefits as soon as I can.<p>If I wait until age 70 …

Here's Why I Plan to Take Social Security at 62

The right age to take your benefits is a personal decision, but for me, the answer is a no-brainer.<p>Instead of waiting to claim Social Security at my …

Is A Backdoor Roth IRA Suitable for You? | Investopedia

Have you been shut out of contributing to a Roth IRA because your income is too high? In 2015, a single taxpayer with a modified adjusted gross …

Top Wow Spots of Banff & Jasper National Parks

Moraine Lake<p>Surrounded by a cathedral of massifs in the rugged Valley of the Ten Peaks, Banff National Park’s Moraine Lake is truly breathtaking. Its …

3 reasons to retire as early as you can

Time is one of the most valuable assets at your disposal. Unfortunately, many people spend 40 hours a week for 40 or 50 years trading their time for this thing we call money.<p>The great news is that there's a corollary to that fact: If people are willing to give you money for your time, you can spend …

Retirement

Over 70? Here's Your RMD Guide for 2018

Here's everything you need to know about your required minimum distribution for this year and beyond.<p>Tax-deferred retirement saving is one of the …

Retirement

Why I Couldn't Resist Buying More of This Top-Tier Dividend Stock

Shares of this dividend dynamo were down 7% in the past week on no news, so I picked up some at an excellent price.<p>Canadian energy infrastructure …

Investing

4 states with generous Social Security tax exemptions

The average Social Security beneficiary isn't likely to owe any extra tax in these forgiving states.<p>As of December, 61.9 million people were receiving a monthly stipend from Social Security, and almost 69% of these recipients were retired workers. Of these seniors, more than three out of five rely …

Retirement

This Is the Best Way to Guarantee More Money in Retirement, According to Stanford Experts

Plus several strategies to help you along.<p>You don’t need fancy financial products to stretch your retirement savings. In fact, most Americans have …

3 things you need to know about the 4% rule

<i>I have questions about the "maximum safe withdrawal rate," or the 4% rule. If you're withdrawing the money from an IRA, do you factor in your marginal tax rate to arrive at the 4% withdrawal? And how do you adjust withdrawals in reaction to strong or weak investment results?--J.N.</i><p>The 4% rule is …

Retirement

How to Make Money as a Stay-at-Home Mom

Here are some ideas for moms to earn cash from home.<p>Working moms are the rule rather than the exception. Seventy percent of moms with kids under 18 work, and more than 75 percent of those moms work full time. In fact, mothers are the primary or sole earners for 40 percent of U.S. households with …

Employment

How To Build A Large Roth IRA

Many 401k plans allow their plan participants to make after tax contributions. For some investors, this can be an opportunity to build large Roth IRA …

Driving Through Canada's Epic Icefields Parkway

The Icefields Parkway is one of Canada’s most scenic drive. It serves as a link between Lake Louise and the city of Jasper and takes roughly around …

RVs

64% of Americans Are Making a Dangerous Financial Mistake

Don't put your health and wealth at risk.<p>How much money do you have saved in case you get sick and need expensive care? If you're like most …

Personal Finance

18 Jaw-Dropping Stats About Retirement

The more you know, the fewer unpleasant surprises you'll face. These statistics can help you save or generate more money for retirement.<p>If you're …

Retirement

5 Books to Read Now if You Want to Retire Rich

The best retirement planning books, according to experts.<p>You might be able to start collecting Social Security at 62, but personal finance expert …

9 High-Yield Dividend Stocks to Buy on the Dip

The market has experienced a meaningful rotation in recent months thanks to a combination of accelerating economic growth, corporate tax cuts and …

Want a Side Hustle That'll Actually Make You Rich in 2018? Read This Book Now

Time to make that paper.<p>The podcast Don't Keep Your Day Job with Cathy Heller showcases creatives who make a living doing what they love. It tells the stories of people who have figured out how to pursue their life's purpose and get paid for it (it was also, incidentally, the #1 podcast in the "New …

Disaster-Proof Your Retirement Plan

It's an unfortunate fact of life, but disasters happen. How you prepare for them makes a huge difference. Here's how to protect yourself from two of …

300,000 applications as Cape Breton market offers 'land for jobs'

Heather Coulombe says it was more of an act of desperation than a clever marketing ploy to offer land to job applicants.<p>In the fall of 2016, the …

We've interviewed nearly 50 millionaires about how they invest their money — here are 5 strategies anyone can implement

<i>Each week on a podcast called "Millionaires Unveiled," Clark Sheffield and Jace Mattinson, both certified public accountants, interview a millionaire — someone with a current net worth of over $1 million. They ask them to share their story, investment strategies, and current portfolio …

Retirement

Intel Gives You 9-10% Through 2020

Intel: Buy, Sell or Hold?<p>I won't hold you in suspense. Here's my recommendation:<p>First, the easy part. If you own Intel (INTC) then HOLD. I would not …

3 Ways to Reduce Your Medicare Premiums

Lowering your Medicare premiums can free up some extra retirement income for other expenses.<p>Medicare is a fantastic resource for retirees, offering …

Retirement

Loophole May Allow Highly Paid Professionals To Take Advantage Of 20% Deduction

The 20% “Qualified Business Income” deduction under Code Section 199A is a brand new pretty substantial tax break. The 20% deduction is hedged by a lot of restrictions, but I think I may have found the secret to unleashing its power. Out of the over one thousand pages in the committee report on the …

14 money lessons rich parents teach their kids

Author and self-made millionaire Steve Siebold has spent a lot of time studying the ultra wealthy. He's interviewed more than 1,200 millionaires and …

Americans will need $1.5M to retire comfortably

They’ve moved the goal posts for Americans hoping to score a financially-sound retirement — and millions of workers are going to be irked.<p>You’re now …

Got a Side Gig? Here's a New Tax Break for You

The pass-through deduction can be a huge tax break if you have income from a side gig or small business.<p>The recently passed Tax Cuts and Jobs Act …