Over the years, I’ve been given a couple of simple but profound pieces of financial advice. A man I looked up to told me that tax loopholes are illegal, but if something is in the IRS code it’s there to be used and if it applies to me… use...
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You’re thinking about retirement. In fact, you’ve been thinking about it and planning for it a long time. One of the questions you have to answer is how much will it cost, not just to live, but to live the retirement lifestyle you’ve dreamed about.
If you’re looking for the...
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...
The old three-legged stool for retirement consisted of:
1) Pension (Company)
2) Social Security (Government)
3) Personal Savings (You)
Given less than 15% of Americans have pensions or will receive pensions, no longer is having a pension part of most Americans retirement plan. Therefore, we can throw pensions out the window for future...
Social Security is one of the most recognizable names around. And it should be. After all, it began in 1935. So, you’d think after 87 years Americans would have a really good understanding of what Social Security is and how it works. The 2022 Social Security Survey conducted by...
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.
Worried about saving enough for retirement? You can put away more next year. The IRS has just announced the new retirement plan contribution limits for 2023.
The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan increases to $22,500, up...
Retirement is the time you want things to run smoothly. After all, you’ve spent a lifetime preparing for retirement—saving money, paying things off, having plenty of retirement income. The last thing you want is a notice from the IRS informing you that you’re going to be audited.
Chances of an...
Not long ago, I wrote about those ubiquitous Part C Medicare Advantage TV ads that show up faster than a telemarketer can dial the phone. Well, the federal government has gotten so many complaints about MA ads that the rules governing them change beginning January 1, 2023.
The Senate Finance...