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Retirees Face Lack of Financial Security

A new report from Nationwide finds that half of current retirees are concerned with running…...

DOL Issues Rule Amending PTE Filing, Processing Procedures

Amendments address changes in application review processes since 2011...

What is a Trust?

The post What is a Trust? appeared first on The Retirement Solution....

How do you deal with the “grey” ?

Anyone else tired of it? What do you do? I wake up snuggled under my covers - a decent sheet set with a crocheted Blanket on top. It is dark. I think should I try to sleep some more? A little time lat...

Protecting Yourself from Fraud, Theft, and Scams (Part 1)

Last month, I published a guest post from David Champion about the benefits he’s derived from gamifying his retirement spending. A discussion developed in the comments related to the challenge o...

What's the Right Roth Conversion Amount to Avoid a Tax Nightmare in the Future?

Sammy, a 51-year-old retiree, is seeking advice on how much she should convert from her traditional IRA to a Roth IRA each year to avoid jumping tax brackets and minimize the taxation of her social se...

Why did my monthly benefit estimate for when I retire in three years increase from 2023 to 2024?

Greetings. I am retired but not yet collecting social security, which I plan to do when I turn 67 in about 4 years. I use some retirement planning models which have you look up you projected benefit a...

Why the ubiquitous & loud obsession over taxes when retirement income is lower?

Having had some good fortune while working, especially in my last three years, my estimated retirement income is ~72% less than while working. Accordingly, my income tax rates should also plummet as w...

Personal Finance 101: How to Teach Teens About Money - 465

How and what should we teach teenagers about money, to make the next generation financially literate? That’s what CJ in Philadelphia and Teresa want to know, today on Your Money, Your Wealth&reg...

What am I going to do with myself?

I can retire in a year but with one kid just starting college, I’ll likely wait 4 years until I’m 65; besides, I just received a huge pay increase to stay when I was being ‘poached&r...

Question on spouse taking SS early and possible income penalty

My wife is no longer working, so she has no income. She just turned 63. If she starts taking her SS now, does she get penalized for my income if we file taxes jointly? Her difference between taking at...

Should I spend my first year of retirement abroad?

I'm 53 and starting to think about what I will do during retirement at age 62 or 63. I'm thinking about what it would be like to spend my first year of retirement outside the US. I've always wanted to...

What to do when tenant destroys rental property

There is a big fear that keeps people from being landlords. People are afraid that a tenant will destroy rental property. Yes. It happens. Every landlord has horror stories. The stories aren’t m...

Keeping a Midlife Crisis From Wrecking Your Retirement Plan

Entering your 40s can throw you into an emotional tailspin — one that may lead you to spend more and jeopardize your nest egg....

Actuaries Confuse the Primary Causes of the Social Security Funding Shortfall

The American Academy of Actuaries (Academy) recently published its annual Actuarial Perspective on the annual OASDI (Social Security) Trustees Report. Usually, these briefs are published by the Academ...

What to do after we reach the TDF end?

My SO and I both recently retired at 62 however most of our 401Ks are in target date funds for when we turn 67. Currently we are able to live off SS and pensions and don't need to touch the 401Ks. Giv...

W-4P for periodic installments permitted by my 401K plan after retirement.

My company's 401K plan permits periodic distributions/installments after termination from employment upon reaching early or normal retirement age. I retired at the normal age last month. The plan admi...

It's been 5 months and getting no answers from SS

I applied for SS retirement benefits on August 17, 2023. At that time I also applied for disability but to be honest I wasn't hopeful for that. My retirement is at step one of 3 and my disability is c...

Active Retirement Communities and large PETS

I've been looking specifically at Wisconsin and Michigan, but am open to anything except coastal or hot weather places. I've been having a hard time finding any such community that allows dogs that we...