IRA
rollovers are as common as drinking water. But if your rollover isn’t done
correctly, it can cost you taxes and penalties, sucking out money that could
have been used for your retirement. In this article from MarketWatch, you’ll
discover 4 of the most expensive IRA rollover tax traps and how to avoid
falling...
Tom
Petty is in good company, not just as a rock-n-roll legend, but as another star
whose estate is in turmoil. The plethora of lawsuits are Free Fallin’ as
Petty’s wife, Dana, and the two daughters from a previous marriage, Adria and
Annakim, fight over control of the $95 million he left behind.
Unlike
Aretha...
Just
the thought of retirement is fraught with what-ifs. What if I live 30 or 40
years after I retire? What if I run out of money? What if I need long term
care?
But
the retirement issue almost no one talks about is Senior depression. It’s
usually underdiagnosed, seldom recognized, and almost never planned...
There’s a common misconception that Medicare is a simple, automatic process when you turn 65. Nothing could be further from the truth. The responsibility to enroll is on your shoulders, and if you miss deadlines or don’t enroll in just the right way, you can incur penalties that will consume chunks...
I’ve
been telling you for a while that some people who bill themselves as financial
advisors are really financial salespeople, which begs the question, “Are they
really acting in your best interest?” Apparently, the federal government now
agrees with me.
It’s
become popular for brokers to market themselves as financial advisors. They
tell you they can...
Knowing
the various Social Security benefits available to you and the best time to
claim those benefits can be a challenge. It requires research on your part,
because many people are getting incorrect information from Social Security
representatives, as noted in an audit by the Social Security Administration’s
Office of the Inspector General.
But
how does...
It’s
the end of an era, at least for Baby Boomers. Some have already retired; many
more can see the finish line of their working years. For Boomers with highly
appreciated company stock in their 401(k) a major decision is whether to do an
IRA rollover, leave the money in the employer plan,...