It
sounds crazy, but if you’re healthy you probably need to save more for
retirement than people with a battery of health issues. Why? Statistically,
people who are healthy will live longer. That means more years paying for
healthcare in a system where costs continue to increase exponentially. So, the
longer you live the...
No matter your belief structure, or whether you’re reluctant to admit your own mortality, it’s a fact that none of us will live forever. And since no one knows if their demise will happen quickly or be proceeded by a lengthy illness, it’s good to be as prepared as...
How many times have we heard, “Give to Caesar what belongs to Caesar”?
Ok, but if you carry that line of thinking a little farther, don’t give Caesar,
or the IRS, MORE than they’re supposed to get.
If something is in the IRS code, and it applies to you, then use
it....
Hunting season is open again and you’re the target. According to the Internal Revenue Service, there is a new IRS impersonation email scam trying to con you out of your personal information with the end game of stealing your identity.
There are variations of what appears in the email subject...
I owe, I owe, so off to work I go! Everyone wants to be debt-free, but only a small percentage of us ever achieve that coveted status. According to the Experian credit reporting agency, Americans owe $13.3 trillion. Of that, $4.1 trillion is credit card debt. Discover Card breaks...
For years now, there’s been lots of talk about what happens if you claim Social Security benefits before full retirement age (FRA) or even waiting until the maximum age of 70. Claiming early means you’ll receive less money, permanently, than if you waited. In spite of the warnings, only...
For most folks heading into retirement, there’s always that time of reflection, deciding if you can actually retire. “Do I have enough saved?” “Will I run out of money?” “Can I count on Social Security?” “How can I make some extra retirement income?”
InternationalLiving.com has come up with some out-of-the-box...
Being
elderly in America has more than its share of issues—affording proper
healthcare, being forced to work much longer because of the need for health
insurance or not having saved enough for retirement. Now, throw one more financial
demon into the mix. More and more elders are being forced into bankruptcy.
In 1991, elder...
Since the Roth IRA was created by the Taxpayer Relief Act of 1997, it’ been an appealing addition to retirement planning. While contributions to a Roth are not tax-deductible, the trade-off is tax-free and penalty-free withdrawals after you cross the age of 59 ½. The withdrawal benefit is one...
Maybe
it’s your dream—accumulate enough money to retire early and live happily ever
after. You never have to work again and can do whatever you want whenever you
want. That’s the basis of the FIRE Movement—Financial Independence, Retire
Early.
There’s
lots of chatter all over social media about FIRE. Conversation threads run
deep. Online communities search...