Curated articles and podcasts from trusted financial experts and real retirees.
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My main goal* was to build an investment and cash portfolio of$1,120,000* ($1,000,000 to retire on and $120,000 to pay off the house) in1500 days**, starting from 1/1/2013 and ending in February of 20...
If I quit working at 62 but wait until 70 to start drawing social security, will the quoted benefit at 70 be adjusted for inflation, or will it stay at the quoted amount. Social security presently quo...
Spouse (62) is cutting back to part time soon and will still have health insurance. We're going to start taking distributions from one of the 401Ks to make up for the loss of income. (Funny thing is s...
I'm curious if any of you were able to retire, but chose to work a little bit longer and why (for other than financial reasons)? Meaning, financially you could make the jump and be okay but decided to...
Here’s how to use your home equity in combination with an annuity contract to produce late-in-life income....
Above all, you should choose someone you trust, keeping in mind that acting as a trustee or executor can be a complex, thankless and sometimes long-term job....
Active investing in the stock market is a strategy for building long-term wealth that’s not often part of FIRE. Leif ... Read more...
The Retirement Savings for Americans Act, currently pending in Congress, is also part of the solution....
A series of academicpapersbeing rolled out by the National Institute on Ageing (NIA) has added fuel to the oft-argued case for delaying benefits for the Canada Pension Plan (CPP) to the latest possibl...
Car accidents can be devastating both physically and financially. Beyond the immediate trauma, they often leave lasting financial implications. In the aftermath of a car crash, many people find themse...
Amidst a recent whirlwind of car maintenance expenses with my trusty nine-year-old Range Rover Sport, I embarked on a quest to find the most budget-friendly car brands for long-term upkeep. With my fi...
Since middle school, I've embraced frugality, largely influenced by my parents' thrifty habits. They drove aging cars, donned the same clothes for decades, and preferred water at restaurants. Today, I...
To retire is to enter the unknown. Rick Fine has demystified one aspect of retirement: Medicare. As the director of financial planning for an advisory and investment firm, he has put together a list o...
I'm getting close to pulling the trigger and starting to consider notice. I've read a lot of comments about when to give notice, but I'm wondering how much the fact that I'm a federal contractor, in m...
Are Joe Namath and William Shatner giving you the best possible advice about Medicare? During the Medicare Open Enrollment period last fall, you probably saw TV ads for companies selling Medicare Adva...
If you are retiring soon, you've most likely wondered if your asset allocation is too risky. Some have called the period just before and after retirement the Retirement danger zone as it's a time wher...
In retirement, cash is king. Here’s how to get your fair share....
Whether it's from a side hustle or an investment cash haul, extra income can add up in retirement....
Identifying the right start dates for Social Security depending on your unique situation, when your Social Security benefit will send you your first check based on your birthday, and IRMAA cost strate...
Without a will, asset dispersal can be problematic. This blog post reports on the results of a survey that asked participants whether or not they have a will and why. Next week’s post will prese...
Hey all, I am in my 50s and need to change 401(K) providers - likely from Vanguard to Fidelity. I also run a small business, so this is specific to the Individual 401(K) plan I have with my wife toget...
Recently, the Economist published an article on the economics of American lotteries. In it they found that, if Amercia's lotteries were a single company, they "would be the ninth-most profitable in th...
Relocating to a European city is doable when you learn the costs and identify the place that most suits your needs....
The new DOL rule expands the definition of investment advice under ERISA. It is designed to provide additional protections to investor retirement accounts....
The new rules apply to IRA beneficiaries who received an inheritance in 2020 or later. Tax planning can help minimize the taxes you owe on your inheritance....
Retirement doesn't have to mean scrimping and saving. Here are five parts of the country where seniors are living large in their golden years....
Many of the tactics used to increase longevity in "blue zones" are attainable, and as people age longer, habits and financial planning need to adapt accordingly....
Jennifer, 54, plans to retire soon. Her husband, 70, is retired, on Social Security, and dealing with some severe health issues. Jennifer worries about possibly becoming single in retirement, which co...
I'm a teacher and I planned on retiring at the end of this school year. I am 65 and this is my second pension. Our district increased salaries significantly for the next school year. My pension is bas...
I'm 62, and will be "retired" fully within the year (10 more months). My hubby is 53 and will likely retire in a couple years. What bothers both of us is that we feel the word 'retirement' has such a ...
When I was working full-time, and putting away money into my retirement plans and after-tax accounts, I could always put a smiley-face on long-term market declines by thinking of those times as "buyin...
As you’re getting closer to approaching your retirement, the last five years before you retire take on incredible importance in ... Read more...
High-tax states try to tax residents who moved to lower-tax states....
There are 46 million foreign-born people in the United States, creating a new, diverse market for financial services, employers, and financial professionals to discover....
“We’re going to need to see a Japanese tax return.” “You want a what?!?” I sputtered. There are lots of things FIRECracker and I pictured when we started down the path of...
I admit it – I’m a boring guy when it comes to my investment portfolio. Over the years, low-cost broad-based index funds now make up over 77% of our investment portfolio. REITs and bond fu...
I wrote in a previous post Our Experience in Building a Home Over Buying an Existing Home that I built a new home. By coincidence, the final all-in cost of this new home came to about the same as the ...
Whether you’ve lost your job or plan on changing jobs in the near future, there are common 401(k) rollover mistakes you need to be aware of. Ignore these, and a rollover could take a chunk out o...
Contrary to popular belief, the Federal Reserve does not exert complete control over mortgage rates. Instead, it influences them, with the bond market determining the subsequent course of action. The ...
Aging takes its toll, and can threaten independence. Help can become an essential tool to allow elders to remain at home. This is a real-life example for one elder....
Did you know about 50% of Americans have a side hustle? That’s a staggering statistic, but not entirely surprising given the high cost of living. Many families are having a hard time paying the ...
Thebrief’skey findings are: Writing a will ensures a person’s wealth goes to intended recipients, preventing major assets like a house from being split up among many heirs. Yet many people...
The recession that economists predicted has never materialized. Unemployment has been under 4 percent for more than two years, a low more characteristic of the go-go 1960s than modern times. But altho...
AI companions are more than just machines. Imagine a world where the elderly, who might spend hours or days without human contact, have a companion that listens, learns.....
I can't stand it. I lost $2k last week due to stock market volatility. I understand that a 401k is a long term investment, or you make more conservative choices. Screw that! I can put my money in the ...
So far it's been great. Work was never my life so I don't miss it. I didn't have friends so I don't miss them. My wife is the only person I talk to on a regular basis. No debt, modest home paid for, L...
So you won the lottery - congratulations! After you celebrate, should you rip off the band-aid and convert the entire lump sum payment to a Roth IRA? That’s today on Your Money, Your Wealth®...
Tesla’s earnings come out later today. I’m publishing this now so I’m not biased. I’ll probably add an update to the end after the earnings call. Tesla sales have not been goin...
Pets can be expensive in retirement, not retired yet, 8 more months. We have have 4 pets 2 dogs and two cats. One cat is diabetic so we have the insulin cost every 3 months. We have pet insurance on b...
Hi: I retired in 2022 and was charged a part D monthly adjustment in 2022 for high income reported on 2020 tax return filed in April 2021. May I file for a refund based on 2022 income? If so do I use ...