Retirement

8 Money Mistakes You Want To Avoid In Your 30s

I’m looking forward to turning 30 this year. I’m older, wiser, and eager to leave the money issues of my 20s behind (bye, student loans!).<p>I also know, based on what I’ve observed from my friends and family, that the way I think about money will begin to shift. With so many major milestones that …

Retirement Planning

Highest Number of Americans Ever Scared They're Too Poor to Retire

Equity markets are making record highs and economic optimism is on the rise, but American workers' confidence about retirement continues to lag, …

Retirement Planning

Here’s a strategy for avoiding steep drops as retirement nears

CHAPEL HILL, N.C. (MarketWatch) — “Success is not the destination, but the journey,” myriad spiritual gurus tell us. While they aren’t referring to investing, I wonder if their wisdom applies.<p>The “journey” can sabotage a perfectly executed financial plan, in which markets live up to historical …

Retirement Planning

'Can I put my home in trust to dodge care costs?'

<i>I am considering putting my estate into a trust fund for my children, this would mainly consist of my home. I am unsure how much protection this would provide if in future years I require expensive care.</i><p><i>I'm in my 70s, and fit and healthy. If I went ahead while I have no health issues, would a trust</i> …

The Telegraph

A 529, Roth IRA, insurance: What’s best for college savings?

Parents looking to plan for their children’s college costs may need to go back to school themselves to choose among the potential options for saving money. From 529 plans to Roth IRAs to Coverdells and life insurance, there are numerous ways to save for school costs—and each savings vehicle has its …

Roth IRA

Column: Ten-fold gain in retirement saving? No thanks, say Republicans

CHICAGO (Reuters) - At the risk of stating the obvious: People are much more likely to save for retirement when they can do it automatically at work. How much more likely? Ten times, according to a study released this week.<p>But someone apparently forgot to tell U.S. Congress and the White House, …

Reuters

The State Pension Age Should Rise To 70 - And More

John Cridland’s review of the state pension has said that the pension age should rise earlier than planned. Another report that it could then go up further to 70 or so. This is in fact too low. It should go up more and quite substantially too. The correct age for that pension to start paying out is …

Retirement Planning

Spoiler Alert: You're Probably Going to Fall Into This Credit Card Trap, and Here's Why

But being aware could help you avoid this pitfall.<p>Used the wrong way, credit cards could lead you buried in debt. Your brain and your natural …

Retirement Planning

The Only 3 Reasons Why You Should Have an Irrevocable Trust

You probably don’t need an irrevocable trust. When you create an irrevocable trust you are creating a trust that cannot easily be changed. When you …

Retirement Planning

Retirement dreams fizzle for some with 'Obamacare' repeal

Workers dreaming of early retirement are getting the jitters as Washington debates replacing the Obama-era health care law with a system that could...

s:msn.com

How to plan for your pets when you die

Americans love their pets. In fact, about 65% of U.S. households — roughly 80 million total — have at least one pet. That’s according to the Insurance Information Institute, which also found that cats are slightly more popular than dogs.<p>For many of these households, pets are often seen as members …

MarketWatch

Is retirement even an option any more? Here's how you can know. | Ladders

iFor many people, retirement seems like the logical end of working life — but it’s easy to feel like you don’t have a handle on getting ready for …

s:theladders.com

8 Personal Finance Bloggers You Should Know

Find a blogger or group of bloggers you connect with, and the path to financial success will become much clearer.<p>When the tech bubble burst around …

Retirement Planning

Senate Should Rein In States' Retirement Plans

It’s unusual to see Republicans trying to impose regulations on state governments in order to protect workers. But that’s what they’re doing, and they have a point.<p>The dispute concerns private-sector workers whose employers don’t sponsor retirement-savings plans such as 401(k)s. Several state …

Retirement Planning

Fall in home ownership threatens to sink Australia's retirement system

Fewer people will be able to support themselves in old age if they have to continue paying rent when they stop work, report warns<p>The declining rate of home ownership in Australia is becoming so serious it could undermine the superannuation system, a new report warns.<p>If present trends continue, …

Retirement Planning

Why It's Hard to Find a Custodian for a Self-Directed IRA

With traditional individual retirement accounts (IRAs), your investment options are usually restricted to securities such as stocks, bonds and mutual …

Retirement Planning

Here's How to Find Great Tax Breaks You Might Have Missed

We all want to lose less money to taxes. Here's how to hang onto the extra income you've worked hard for.<p>We all want to lower our taxes, and while …

Retirement Planning

Bribe older workers to retire later with cash lump sums, Government adviser recommends

Older workers who delay retirement will be entitled to cash lump sums worth thousands of pounds under new recommendations to encourage people work into their 70s.<p>The suggestion, by John Cridland, a former CBI director who is reviewing the state pension age for the Government, will inform official …

Budgeting

In a tizzy over tax-saving documents? Read this to make your life simpler

Rohit shifted base to Chennai from Mumbai in November 2016. He had way too many things on his mind at the time. He had been working at the same …

Firstpost

3 tax deductions that increase the chances of an audit

Want to avoid tax trouble this year? Be careful with these deductions in particular.<p>Though most tax audits aren't the harrowing experience we've all come to fear, they're not necessarily a picnic either – especially if your return boasts its share of questionable deductions. But before we go any …

USA TODAY

Retirement Strategy: What About Annaly Capital Management For Retirement Income?

Now that there is over $100k in TARP, adding dividend income will be the goal.<p>The markets keep going up, and the world seems to get crazier everyday, …

Retirement Planning

Reality Check: Is lack of cash making women work past 70?

<b>The claim:</b> The increase in women working in their 70s is because some of them can't afford to retire.<p><b>Reality Check verdict:</b> Although some women keep working out of choice, it is also likely that others are doing so because increased life expectancy and an inadequate pension pot means they don't …

Retirement Planning

Drinking Tea May Help Improve Cognitive Function - AARP

7 hours ago ... University research suggests that there are many health benefits of tea, to include improving brain health and cognitive function.

s:aarp.org

These Lawmakers Want to Make College Savings a Big Employee Perk

An effort to get more parents to use 529s.<p>There are 13 million college savings accounts in this country, and more than half received at least one …

TIME

Four things retirees must know about shares

Register for our free weekly newsletter<p>Investment ideas<br>• Chris Cuffe's comments<br>• Exclusive additional reports<p>New registrations receive a free copy of our …

s:cuffelinks.com.au

Sears' retirees worry about their pensions as the company raises doubts about its future

Talk of Sears' demise have been common on Wall Street for a while, but the situation has become more critical for the owner of Sears and Kmart than ever. Newslook<p>Sears and Kmart retirees are worried about their pensions as the parent company raises doubts about its future and stirs speculation that …

USA TODAY

Author Argues Baby Boomers Are Destroying the Economy

In his new book, ‘A Generation of Sociopaths,’ author Bruce Cannon Gibney argues Baby Boomers have "betrayed America" and future generations will have to pay for Boomers' damage to the economy.<p>“My argument is about American Baby Boomers who were raised in a time of what seemed like [to] them to be …

Fox Business

Personal Investor: How the government can mess up your retirement - Article

Dale Jackson<p>Your Personal Investor<p>Follow|Archive<p>Of all the risks that could send our retirement savings into a tailspin, government policy is …

s:bnn.ca

Seniors worry less about finances and more about memory loss, independence

Americans may be worrying a little too much about the size of their retirement nest eggs and not enough about how they will maintain their …

s:sandiegouniontribune.com

Number of women working past 70 in UK doubles in four years

ONS finds pronounced rise in women working past traditional retirement age, from 5.6% to 11.3% between 2012 and 2016<p>Are you a woman over 70 years old, and still working? We’d like you to share your experiences with us<p>The number of women working past the age of 70 has doubled in the past four years, …

Retirement Planning