First, it was 10%, then 20%, and today more than 50% of U.S. retirees pay taxes on their Social Security benefits, and the number is expected to go even higher. The cause seems to be that one government hand doesn’t know, or care, what the other government hand is...
If
you have an IRA then you know that at age 70 ½ the government forces you to
begin taking distributions so they can tax money that has, up to now, escaped
their clutches.
Most
people use the Uniform Lifetime
Table
to figure their Required Minimum Distribution. Find your age, get the life
expectancy factor and divide...
I can, I will, I can’t, I won’t. Those are all responses we’ve heard in the past two years about deciding to retire. The response you give or the response you get is directly related to the U.S. economy.
Before COVID, American workers age 55 and above were retiring at...
I was having a
conversation about retirement health insurance with an acquaintance of mine who
just retired. He’s a former corporate executive—an analytical person—who’s
always done his homework to avoid as many surprises as possible in the business
world. He’s done the same thing with healthcare and decided that a Medigap
policy is best...
By Rafael A. Perez, Esq., Partner at McArdle, Perez & Franco P.L. and Chief Compliance Officer at Alhambra Investments
Introduction: Over the past several decades of practicing real estate law I have had many clients, both domestic and foreign, ask me to apply for an extension of a like-kind exchange...
Health Savings Accounts (HSA) for retired folks. Isn’t that a novel idea? But it’s being considered in Congress—The Health Savings for Seniors Act, H.R. 3796.
As it stands right now, the only people eligible for an HSA are those aged 65 years and younger who have a high-deductible health insurance...
“What the heck is it?” It’s not uncommon for something we used to know by one name now described by another word. When I was a kid, it was a swamp; today it’s wetlands. We used to re-use things; now they’re re-purposed. Improving something now means it’s re-imagined. The...
If you claim Social Security benefits early, don't expect to get a raise when you reach full retirement age. Alhambra's Bob Williams dispels the myth.