The Coronavirus is changing the landscape, as we know it, in almost every part of life. Unquestionably, it’s also shaking up the financial universe and changing rules that have been etched in stone for decades, and retirement accounts are no exception. With the Coronavirus Aid, Relief, and Economic Security Act...
The definition of retirement is changing. Baby Boomers are figuring out that retiring doesn’t mean sitting down and doing nothing. Now and going forward, retirement is about changing gears and pursuing ideas and passions you’ve not had time for. Sometimes changing gears means continuing to work, to give back from...
May you live in interesting times. Although that sounds like an ancient blessing, it’s believed to be a Chinese curse casting instability and uncertainty on the person who hears it. Blessing or curse, it’s a great description of the year we’ve just come through, and in spite of all the...
The end of the year is always a good time to do a little financial maintenance, take advantage of last-minute tax deductions, and get your financial house in order for next year. Here’s a checklist of some items to consider. Tax-Loss Harvesting Do you have losses in your investment portfolio? It...
It used to be that retirees who worked part-time did so because they had to—the widow who didn’t have enough money after her husband died or the couple whose only retirement income was Social Security. There’s a new category of retirees working part-time. They’re the ones who want to work,...
Social Security, although originally intended to be a supplement to Americans’ retirement income, has become a major source for many. The Center on Budget and Policy Priorities found that half of senior citizens get 50% of their income from Social Security and that 1 in 4 seniors receive 90%...
Over the years I’ve had clients who knew they’d been named in estate planning documents as executor of an estate, and I’ve had others who found out only after a relative died that they had to settle an estate. In most cases, I’d get a call asking, “What do...