Retirement

3 rules for picking the perfect retirement age

<b>New York (CNN) —</b> What's the perfect age to retire? It depends.<p>Some people enjoy their work so much that retirement isn't something they even want to consider. Others want to retire as soon as possible. The optimal retirement age is different for every person.<p>There are a lot of factors that go into …

How GOP War On Retirement Will Hurt You

Few will disagree that most Americans aren’t saving enough for retirement. With household income flat in recent years and many high-income jobs going away, it isn’t easy.<p>What’s maddening, though, is that instead of aiding Americans in retirement savings, Republican leaders are damaging retirement …

Retirement Planning

This Roth IRA Move Can Create a Massive Tax Headache

Beware of unintended consequences.<p><b>Q: I've read a couple of your articles on converting a traditional individual retirement account to a Roth IRA.</b> …

Roth IRA

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 …

Retirement Planning

The Way Americans Retire Is Broken. Here Are 5 Ideas For Fixing It.

Because we need a better plan for those next 20 years.<p>Retirement, for me, is like stepping off the diving board into the deep pool of the rest of my life ― a little scary with no turning back once I’ve done it.<p>I’m 67, squarely in the crosshairs of the “when should I retire?” conversation. The …

Retirement Planning

Congress threatens California’s groundbreaking retirement program

A landmark, IRA-type retirement savings program created for millions of Californians, came under threat last week.<p>A landmark, IRA-type retirement savings program created for millions of Californians, came under threat last week when House Republicans passed a joint resolution aimed at blocking …

Retirement Planning

Where retirees can find continuing-ed classes

<b>Question: I would like to hear about resources for continuing education. For instance, I would be interested in taking a college-level class on introductory Shakespeare or one on psychology, but finding all that is offered and distinguishing between the strengths and weaknesses of the offerings is</b> …

Business

Which tax form should I use?

What's the differences between forms 1040, 1040A, and 1040EZ?<p>Filing tax returns can be confusing—starting with the beginning when choosing which form …

Taxes

To Live and Die in Margaritaville

Behold the first dad-rock-branded retirement city.<p>On February 16, a team of Canadian real estate developers announced a partnership with singer Jimmy Buffett’s Margaritaville Holdings Inc. to create a Buffett-branded “active adult” community, dubbed Latitude Margaritaville, in Daytona Beach, …

Housing

The Secret to Avoiding Taxes on $6 Million: Exports and an IRA

In less than a decade, two brothers turned a $3,000 investment into $6 million. Thanks to a federal appeals court, they won’t owe income taxes on this monster return.<p>To lower their taxes, the brothers paired a common retirement account with an obscure export incentive. The Internal Revenue Service …

Roth IRA

Everything You Need to Know about RMDs

Required minimum distributions are one piece of the retirement puzzle that could hardly be more puzzling. What’s scary is that the stakes are high: …

Retirement Planning

How to Start Investing With Just $100

Investing your money into the stock market and bonds isn’t something you do later; it’s something you start doing as early on in your life as …

Retirement Planning

3 questions to ask before hiring a tax professional

Thinking of having someone else do your taxes this year? Be sure to get some answers first.<p>With tax season in full swing, it's high time to start thinking about not just when you'll file your taxes but how. In fact, you may be looking at hiring a professional to file your return on your behalf – …

Retirement Planning

Investor's Alpha: Proper Asset Allocation

Proper asset allocation is a dynamic process and not just the end result of the mixture of stocks, bonds, and cash.<p>Asset allocation should be guided …

Retirement Planning

Retirement Blame Game Shifts To Human Resources

Retirement is often portrayed as the finish line or as life’s ultimate goal. It is one of the most highly regarded and sought after phases of our existence. However, it’s also one of the least understood and most traumatic changes that people undertake in life. As a result, organizations both big …

Leadership

There’s more than one way to set up a dividend reinvestment plan

<b>Is there a significant advantage to enrolling directly in a dividend reinvestment plan (DRIP) with a company instead of enrolling in a DRIP offered by a brokerage? I currently have the latter but only because it’s much easier to set up. If the former is better, do you have any statistics about what</b> …

Retirement Planning

Republicans Want You in a Health Savings Account. So Now What?

If you’ve been watching the debate in Washington over what is to become of our health insurance plans, you know that Republicans already disagree on a whole bunch of things. They’re not sure about what any new plan will cost. They’re not sure how any new tax credits should work or who should get …

Business

Why France might just be the best country in the world to grow old in

A new study confirmed that life expectancy levels in France are some of the highest in the world and they are increasing year on year. The average …

European News

Successful Boomer Women Offer Financial Advice to Younger Generations

With the youngest Baby Boomer women now in their 50s, there is no doubt that they have redefined middle age and retirement. It brings to mind Bob Dylan’s song from back in 1964, “The Times They Are-A Changin.”<p>Boomer women have achieved the highest levels of success in business, politics, media and …

Gender

200,000 pensioners in line for payouts after being short-changed on annuities

An estimated 200,000 pensioners in poor health will be compensated by two of Britain's biggest pension firms after being mis-sold annuities which were designed for healthy people.<p>Standard Life and Prudential have today released statements admitting potential mis-selling in which they confirmed they …

Retirement Planning

See the Best Vanguard Funds to Keep Taxes Low

Choosing the best Vanguard funds for a taxable account requires more of a strategic approach than the fund selection process for tax-deferred …

Retirement Planning

4 ways to stop stressing about money, according to a financial adviser

I've long held the position that even though we live in one of the wealthiest, most financially blessed countries ever, as a society, we also live a life of serious financial stress.<p>I often joke that it's probably less stressful to live in the rain forests of South America, hunting and gathering, …

Retirement Planning

Hayao Miyazaki's Retirement Is Officially Over

Back in 2013, Hayao Miyazaki retired from feature filmmaking, saying, “This time is for real.” Now, his long time producer says Miyazaki is coming …

Animation

With Social Security, time and patience are worth it | Personal Finance

I just<p>visited my mother. She's 97. The trip over was short: She's in an assisted-living facility right across the street.<p>Today's report: She couldn't …

Retirement Planning

Don’t Let Your Thinking Sabotage Your Goals

Many people say that they want to lose weight, but they’re only fooling themselves. Losing weight is an agonizing process as you forego tasty treats …

Psychology

Return Volatility Contributes To Pension Shortfalls

State and municipal public pension systems are in trouble. Illinois’ pension system, perhaps the worst in the country, is $130 billion in debt. A recent report from The Pew Charitable Trusts estimates that state pension systems are collectively over $1 TRILLION in debt. When local pension systems …

Opinion

This Homepolish Designer Gave Her Parents the Best Retirement Gift

Shannon Tate gave her childhood home kitchen a facelift and learned a lot about renovating kitchens along the way.<p>When Homepolish interior designer …

Renovations

Retire With MONEY: Three Key Questions to Ask Yourself

Our weekly roundup of retirement news and advice from around the web, by MONEY editor at large Penny Wang.<p>Chad Griffith<p><i>For retirement savers, the</i> …

Retirement Planning

No retirement plans for Trent Cole: I want 100 sacks and a Super Bowl

After 12 NFL seasons, Trent Cole has accomplished a lot, but he's not finished yet.<p>The 34-year-old two-time Pro Bowler is a pending free agent after …

Retirement Planning

State initiatives on retirement saving may not need DOL clarifying rule

A bright spot on the retirement income landscape is state initiatives to establish “auto-IRA” programs for uncovered private sector workers within their state.<p>The programs are voluntary — workers can always opt out. The employer’s role is limited to making sure the right contribution amount is sent …

Business