Retirement

5 Facts About Stocks Every Retiree Should Know

Many retirees think that they should pull away from the stock market, mistakenly believing that the risks involved with stocks makes them unsuitable investments for a retiree's portfolio. Yet the fact is that with retirees living longer than ever, having stocks in your investment portfolio is …

Retirement Planning

3 Big Mistakes To Avoid This Tax Season

Next week is the beginning of every American’s favorite time of the year … to hate: tax season. Starting Monday, January 23rd, the IRS will begin accepting tax returns for the 2016 tax year. Here are three of the biggest tax filing mistakes people make.<p><b>1) Missing last minute tax-saving</b> …

Roth IRA

Mexico Named World's #1 Retirement Destination: How Did That Happen?!?

For years, millions of U.S. and Canadian citizens have been enjoying life in Mexico. By some estimates, there are more expats living full- or part-time in Mexico than in any other destination abroad.<p>So why do we think it's big news that Mexico has been named the #1 retirement destination on …

Latin America

How will you spend your time in retirement?

Retired and non-retired Americans say the freedom of being able to do “what they want, when they want,” is the most valued aspect of retirement, according to a recent Limra Secure Retirement Institute blog post.<p>Trouble is, many retirees and pre-retirees don’t necessarily know how they’ll spend all …

Retirement Planning

How President Trump Could Actually Fix America's Finances

MONEY has a few suggestions.<p>As the nation's leaders have gotten down to work this month, sweeping financial reforms could be on the table: an …

Retirement Planning

President-Elect Trump Is Already Impacting Retirees

With President-elect Donald Trump getting ready to take office and the stock market reaching all-time highs, how are retirees and financial advisors feeling about 2017? The American College of Financial Services released a 2017 survey that focused on how the election and all-time market highs are …

Business

Want to Be Financially Fit in 2017? Use These Tips

The beginning of the year is a great time to reorganize your financial goals and the way that you aim to reach them. Here are six top tips on taking …

Retirement Planning

Why this works better than the 4 percent rule for retirees

BlackRock said its indexes are more accurate than the old rule of thumb for drawing down your retirement savings.

Retirement Planning

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

<b>New York (CNN) —</b> 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 …

Retirement Planning

Ten income-splitting ideas for Canadians

Last week, I introduced the concept of income splitting. Today, I want to share the top 10 income-splitting ideas.<p><b>1. Lend money to your spouse.</b><p>On Jan. 5, I wrote about lending money to your spouse and charging the prescribed rate of interest on the loan.<p>Provided you charge this rate of interest …

Retirement Planning

Don't make this 401(k) mistake in 2017

If your employer offers you free money for contributing to your retirement plan, take it. Otherwise, you'll be selling yourself short in the long run.<p>It's no secret that most Americans are woefully unprepared for retirement. According to a report from the Economic Policy Institute, the median …

Retirement Planning

Delaying state pension boosts your income - but could cost your fuel allowance

Canny pensioners have long been using a little known rule that boosts their state pension by delaying or suspending payments.<p>But the thousands that have taken advantage of the feature may have unknowingly lost out on hundreds of pounds of winter fuel payments as a result.<p>The winter fuel allowance, …

Retirement Planning

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

The Federal Programs That Are Eating the Budget Alive

The Federal government must, by law, pay retirees their benefits. Other Federal laws require the government to provide benefits to people with …

Retirement Planning

The best use for a financial windfall

This article is reprinted by permission from NerdWallet.<p>“I’m coming into some money and I have no idea what to do with it. What’s the best way to use a sudden windfall?”<p>If you’re like most 20- or 30-somethings, a work bonus or a tax refund can feel like a gold mine. You need a plan so you don’t …

Retirement Planning

Grading Obama's performance on retirement, aging issues

CHICAGO (Reuters) - In his farewell address last week, President Barack Obama quoted something his mother used to tell him: “Reality has a way of catching up with you."<p>Here is one reality that really is catching up with us: as a nation, we are getting older quickly. The U.S. population over age 65 …

Business

Is Bond Interest Taxable?

Investing in bonds is a good way to generate extra income without taking on the added risk of the stock market. But while you do stand to make money by buying bonds, you should be aware that in some cases, you'll lose a portion of your earnings to taxes. The interest you receive from corporate …

Retirement Planning

Ask Larry: ​​How Much Would I ​Lose in Benefits​ If I Stop Working Now?

Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits.<p>Today’s column explores the effects of continuing income, the Windfall Elimination Provision, benefit availability, retroactive benefits and Railroad Retirement Board …

Retirement Planning

Peak 401(K)

The baby boomer generation will begin forced mandatory distributions from their retirement accounts this year. The question at hand is whether or not …

Retirement Planning

Trump talks, markets move

He is our next president and what he says matters – a lot.<p>So it’s natural that when President-elect Donald Trump had a conversation about the dollar investors reacted.<p>On Tuesday, the dollar slid to a one-month low after Trump described the currency as “too strong,” according to a report on …

How gender pay gap trickles into retirement savings

Many Americans struggle to save for retirement, but the gender wage gap makes the prospects for women even more dire: A woman must save $1.25 for …

Women's News

There's A Reason Millennials Are Having Fewer Kids

Sheryl Sandberg, Chief Operating Officer of Facebook, gained notoriety when her 2013 book "Lean In" drew public backlash. Critics pointed to …

Millennials

Metairie couple starts grocery delivery business for seniors

Life-long Metairie residents Brad and Rebecca Ricke are big shoppers. But not the way you might think.<p>The married couple started Senior Wellness …

Louisiana

Dramatic cuts are no way to save Social Security

In December, House Ways and Means Social Security Subcommittee Chairman Sam Johnson introduced a bill to “save” Social Security. The problem is that he accomplishes this goal through a dramatic cut in benefits. As shown below, Social Security costs at the end of the 75-year projection period would …

Retirement Planning

The Motley Fool

A few years ago I heard a fascinating story.<p>It was about an ordinary man from Washington, D.C., who decided to retire early – WAY early.<p>It was 2004, …

Social Security has a looming $11 trillion shortfall

Share Email Comments<p>Advocates for increasing Social Security retirement benefits, which provide about 34 percent of the income for elderly Americans, …

Retirement Planning

How Much Sleep Is Best for Your Memory As You Age?

Seven hours a night appeared to be the sweet spot for sleep, Devore says. Women in the study who slept five or fewer hours or nine-plus hours a day …

Wellness

How Dividend-Paying Stocks Can Energize Your Portfolio

<b>They can help provide you a nice income stream, but be aware that they do carry some risks.</b>

Investing

Pattie Lovett-Reid: A changing retirement landscape - Article

Pattie Lovett-Reid<p>Chief Financial Commentator, CTV<p>Follow|Archive<p>The retirement landscape is changing fast as more employers look at new approaches to …

Dallas pension director blasts city's plan to end pension as 'worst display' of ethics she's ever seen | Dallas City Hall

And she said Gonzalez, who will retire in two weeks, is hampering the negotiations. She said Gonzalez "wants to check something off of his list and …

American South