Retirement

How Can I Earn Tax-Free Income? Here Are 9 Ways.

The answer to the "How can I earn tax-free income?" question may surprise you -- because there are actually lots of ways to collect dollars without …

Retirement Planning

Q&A: Can I afford to retire now? There are 4 things to consider

<b>Q: I'm considering taking early retirement at age 59. I have 36-plus years of service and my company is offering an incentive to my lump-sum pension. I've run the numbers (expenses, mortgage, health care and the like) and the amount</b><p><i>in</i> <b>the enhanced lump sum would provide income for my wife and me for</b> …

Retirement Planning

What Percentage of My Income Should I Be Saving Every Month?

How much money should you save every month? There are many ways to answer this question.<p>The short answer is that you should save a minimum of 20% of …

Retirement Planning

The Perfect Portfolio - For Retirees

I recently tabled the Perfect Portfolio that offered very generous risk adjusted returns.<p>The portfolio did well for the accumulator through the last …

Retirement Planning

9 Social Security Myths -- Debunked!

<i>"No greater tragedy exists in modern civilization than the aged, worn-out worker who after a life of ceaseless effort and useful productivity must look forward for his declining years to a poorhouse. A modern social consciousness demands a more humane and efficient arrangement."</i> <br>-- Franklin …

Retirement Planning

3 Smart Roth IRA Moves You Can Make Right Now

Take full advantage of the benefits this tax-free retirement account offers.<p>Roth IRAs are uniquely suited to help retirement savers reach their …

Roth IRA

5 Retirement Planning Mistakes You Need to Avoid

In my last article, I discussed the five of the biggest mistakes I think people make when they’re preparing, or perhaps not preparing, for …

Retirement Planning

The power of combining frugal savings and compound interest, in one chart

This post from Bernie Klinder, EMBA, entrepreneur, investor, and consultant, originally appeared on Quora as an answer to the question, "Why are some wealthy people so frugal?"<p>One of things you learn quickly when managing your wealth is how difficult it is to get a decent return on your money …

Wealth

Can you actually become a millionaire on an average salary?

<b>Video by Money</b><p>Becoming a millionaire has long been part of the American dream, but saving $1 million is not just an idle fantasy for most Americans. …

Retirement Planning

7 Reasons to Hire a Retirement Income Specialist

Generating a lasting income stream once you quit working takes a different set of skills than saving and investing.

Retirement Planning

Here’s Why Many Retirees Could Afford to Spend More

Being frugal is a great way to set yourself up for retirement. But once you’re actually retired, that thriftiness can get in the way of enjoying what …

Retirement Planning

Rule Number 1 In Investing

With all due respect to Warren Buffett, the number 1 rule in investing is not anything close to "never lose money." In fact, the entire notion is …

Retirement Planning

Single mom with six-figure salary should be affluent, yet she’s anything but

<b>Situation:</b> Single mom realizes that in spite of a six figure salary, she has poor retirement prospects at 60<p><b>Solution:</b> Shed an unprofitable rental …

Retirement Planning

Should You Enroll in Medicare if You're Still Working?

This is a question I am asked often, most recently by a woman who just turned 67 and began claiming 50% of her soon-to-be ex-husband’s Social …

Retirement Planning

The Best Investment Advice for Every Decade of Your Life

Good financial strategy is not one size fits all, and it doesn’t stay the same for each person either. As we age, we have to adapt -- here’s how.<p>In …

Retirement Planning

Five lessons we can all learn from federal workers who may be facing a furlough

A lot of federal workers are in fear of a furlough.<p>There have been signs that Congress and the president will end up compromising and keep funding the federal government, thereby avoiding a shutdown. Even still, there are lessons to learn from this latest budget skirmish.<p>Ask yourself: How prepared …

Retirement Planning

What business owners need to know about taking CPP and OAS

(Tom Merton/Getty)<p>I retired recently, having just turned 65 years of age. I have not applied for CPP or OAS as yet because I had sufficient income in …

Retirement Planning

Forget millennials: Seniors are poised to reshape the housing market

As baby boomers age, will they change the paradigm of older adult housing?<p>For Sydney Weinberg, a 78-year-old living on her own in New York City, the idea of moving after retirement didn’t really make sense.<p>After all, unlike some of her peers, many of whom have relocated to warmer climates or …

Housing

10 Reasons to Keep Living Like a Poor College Student

Getting your first real paycheck after graduating from college is a momentous occasion. You have reached a major milestone. You might have a list of …

Personal Finance

When it comes to your funeral, it pays to plan ahead

With a jump in costs of 103pc since 2004, planning your funeral now could make great financial sense<p>Funeral costs have been rising every year. You might be surprised to hear that, while the average cost of a funeral in 2004 was £1,920, today it’s £3,897*. That’s an increase of 103pc – more than …

Retirement Planning

How much you need to save every day to 'never have to worry about money' again

Whether you’re just climbing the career ladder or retirement is in near sight, the state of your financial future is something you’ve probably …

Retirement Planning

Retirement research: New online tool offers a first step to compare current, blended plans

Service members facing a choice between new and old retirement systems in the coming year have a new online tool that may assist with the early …

Veterans

4 unconventional ways to boost your Social Security benefits

For many retirees and pre-retirees, Social Security will play an integral role in ensuring that their month-to-month expenses are taken care of. A …

Retirement Planning

Managing your finances as a freelancer

Freelancers work in the gig economy, taking on numerous short term jobs at a time. Read here to learn about the benefits and challenges faced by …

Roth IRA

Top pitfalls when you reach retirement and how to avoid them

For many of us, retirement conjures images of rest and relaxation, more time to travel and get things done around the house and in the garden.<p>But a …

Retirement Planning

Average Retirement Debt: Do You Owe Too Much?

One of the greatest threats to retirement today may not be saving too little, but owing too much. A 2016 survey by the Center for a Secure Retirement …

Retirement Planning

The Myth Of Dollar Cost Averaging

What, exactly is dollar cost averaging?<p>Does dollar cost increase returns?<p>Does dollar cost decrease risk?<p>"According to folklore, an aerodynamic …

Retirement Planning

Parents Are Struggling to Pay Student Debt Even as They Near Retirement

Even as they near retirement age, a new report says parents are shouldering an increasingly large burden of their children’s college expenses with …

Loans

Provident fund rules tweaked: Subscribers can buy house, pay home loan EMIs from retirement savings

In order to give a boost to its 'Housing for all' scheme, the government has tweaked the rules pertaining to Employees' Provident Funds scheme, …

Retirement Planning

A 15% Corporate Tax Rate Could Create An Enormous Tax Shelter For The Wealthy

President Trump’s tax reform announcement tomorrow reportedly will include a 20 percentage point cut in the top corporate income tax rate— from 35 percent to 15 percent. The U.S. corporate tax rate would go from among the highest in the developed world to one of the lowest—at least until other …

Social Justice