Curated articles and podcasts from trusted financial experts and real retirees.
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Thebrief’skey findings are: When the employer cost for employer-sponsored health insurance (ESHI) rises, it slows wage growth and erodes Social Security’s tax base. Both these effects were...
The best way to do abackdoor Rothis to do it “clean” by contributing *for* and converting in the same year — contribute for 2023 in 2023 and convert in 2023, contribute for 2024 in 2...
You may have contributed to a Roth IRA and then realized later in the year that you would exceed the income limit. You recharacterized the Roth IRA contribution as a Traditional IRA contribution and c...
Saving for retirement is essential, and a 401(k) plan can be an effective way to have a comfortable retirement. Yet, according to a 2023 survey, 4 in 10 workers with a 401(k) don’t contribute.&s...
If you crave simple rewards without the headache of complex point systems, Chase Freedom Unlimited may already be on your ... Read more...
So many of us will be hoping for no tax surprises when preparing our tax returns this year. This is why we want to provide you with a list of common tax surprises to watch for. After working with hund...
I have been retired for 2 years and have loved every minute of it. Run each morning (weather permitting), then hit gym, go play pickleball. Then it’s household chores or just hanging out on the ...
Retirement, especially when approached from a life transition standpoint, has long been a challenging subject. But the financial reality today ... Read more...
What is private credit and where does it fit in your investment portfolio? At age 60, Hope is tired of working and she’s hoping to retire in 2-3 years. Should she factor home equity into her ret...
I found this tool today while research if you can collect your social security benefit or survivor benefit while living overseas. The answer is country dependent and is sometimes limited to only 6 mon...
Deciding to work with a financial advisor is about more than how much you've stashed away. It's also about determining whether an advisor's benefits outweigh the costs. In your higher earning years, f...
I (66m) retired officially March 1. I had been on family leave since December to care for my dying son at a hospice. I basically lived there. He was a firefighter who fell in line of duty. To experien...
My husband is retiring after 50 years at the same company. Pretty astounding in this day and age, right? The question is will it matter if he retires on the first or last day of the month (ex. 7/31 or...
The negative financial consequences for individuals over age 50 who lose a partner are dramatic. A new study by Ohio State researchers found that the surviving partners see their credit scores drop by...
A series of studies suggests tempered optimism at best. Larry Fink, in his annual letter to Blackrock investors, once again raised the question about the appropriate retirement age. Certainly, with li...
Rethinking retirement certainly includes financial considerations. But it sits within a complex system that includes much more than money and math....
Today’s reader case comes from the Czech Republic (now Czechia). I loved Prague when we visited, Czechia will always hold a special place in our heart for the classical medieval architecture com...
The rich are frequently criticized for not contributing their fair portion of taxes. However, when examining income taxes, it becomes evident that the wealthy actually contribute more than their fair ...
Photo credit: coop It’s a little known fact that certain costs for caregivers, licensed or unlicensed, may qualify as medical expenses for tax deductions. Maintenance and personal care service c...
For a growing number of older adults, debt has become an unwelcome financial burden. There are ways to pay it down....
Being the executor of an estate can be overwhelming, but breaking the process down into individual steps can help make it much less daunting....
Deciding how much of your wealth to give to charity or your kids depends on your life stage. Here are key considerations based on age....
People who are happier in retirement tend to have a few things in common....
A phased retirement has a lot to offer. But there are important financial factors to consider depending on your age and financial situation....
After years as an industry leader, I am trying to figure out if/how to use Linkedin now that I am retired. Do I just lurk and see what my former colleagues, friends, former employers, and former compe...
In 2006 I converted a 401k via a 72T mechanism that put the proceeds into a variable annuity (VA). I have been drawing a monthly benefit from that account to date. I was recently advised that I have t...
Hello fellow retirees, I am 5 weeks into retirement and having some anxiety issues. I worked over 40 years in tool and die, also supervised and managed tool rooms. I have never really had an issue wit...
I also share links to valuable research tools and model portfolios from the week....
Financial planning is less about knowing what to do and more about doing what we know....
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...
Just because wealthier people have a lot of money doesn’t mean they don’t make mistakes. Here are five common ones that this financial adviser sees....
The previous postSplit-Year Backdoor Roth in H&R Block, 1st Yeardealt with contributing to a Traditional IRA for the previous year and recharacterizing a previous year’s Roth IRA contributio...
The best way to do a backdoor Roth is to do it “clean” by contributing for and converting in the same year — contribute for 2023 in 2023 and convert in 2023, contribute for 2024 in 2...
The Sunday Bestis a collection of articles I’ve curated from the furthest reaches of the internet for your reading pleasure. ... Read more...
My last work day was last Friday but I have been on garden leave for 4 weeks before that so it’s been a month of not working already. I am finally fully retired. Woo hoo! The first thing that I ...
B.O.S.S. Retirement Solutions is proud to sponsor the Treasure Valley Silver Awards By:Idahonews.com BOISE, Idaho (CBS2) — They say if you love what you do, you never work a day in your life. Th...
With Americans living longer these days, maximizing your Social Security is more important than ever. Here are some ways to make the most of your benefits....
Here is the secret sauce for how to retire early. Just be sure it's what you really want....
I'm still a few years away from being required to withdraw from my IRAs. A big part of the dollars needed to satisfy the minimum RMD is being generated by dividends and interest. In the event that I n...
Has anyone been forced to retire early either by illness or being laid off? I’ve just been dx with some spine and neck issues that will only worsen. It can be managed with medication but not cur...
I am 55 1/2. Lost my wife 7 months ago. I have a job I enjoy, but working 40+ hours a week has been a grind and am looking forward to the day I can retire and start to do the hobbies that I thoroughly...
Hello Again, Three years ago My 86 year old Mother-in-law who lost her husband who was receiving Social Security Retirement. She called to inquire about Survivor’s Benefits as a Widow & was ...
Every so often we discuss a few hypothetical financial questions that pose a variety of interesting situations. As you listen in on our discussion, we hope you find some useful insights. Glenn is avai...
The "magic number" Americans think they'll need for a comfortable retirement went way up this year — but their actual savings went down....
Virtually all high-income workers in this country are saving in some type of employer retirement plan. But only a minority in the lowest-income group are. A new study tackles this serious shortfall fo...
Taking into consideration the time of the month and the time of the year can make a difference in your retirement income....
A rollover IRA might be in order to help protect your retirement savings from potential (and potentially disastrous) market downturns....
I’ve been a self-directed investor for almost thirty years. Self-managing my investments has saved me tens of thousands in fees, though I’ve been susceptible to my own investment biases an...
After delving into the exorbitant prices of new luxury cars, I've come to the realization that a larger segment of the population is purchasing such vehicles than I initially thought. This trend poses...
Below, we’ve created a list of 12 true online, work-from-home positions with no upfront investment. None of the roles listed below require purchasing inventory, buying a paid course, or any othe...