Curated articles and podcasts from trusted financial experts and real retirees.
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Hello. I would like to do a Roth conversion this year (first time). Is this as simple as withdrawing up to the amount that puts me at the top of the tax bracket I am in without the conversion? Thanks ...
My younger son was our problem child and we spent thousands bailing him out of his poor decisions and scrapes with the law. He is now married and has 3 kids. His wife doesn’t work although there...
It goes without saying that personal finances can often create anxiety. In this episode, we take some time to uncover a few potential “Easy Wins” that can help build confidence to take on ...
I always wonder if my ETFs are diversified enough or rather if they have any overlapping holdings. ETF Research Center site has a neat little tool that will allow you to determine if your ETFs are ove...
If you are wondering if you are financially ready to retire, this software is extremely helpful. You will learn where your money is spent. Where you can trim, where you do great. Most people usually s...
By combining strategic queries with compassion and empathy, financial advisors can convey the message that older clients' legitimate fears around loss are understood....
The 2023 real estate crash isn’t here yet, and we have a great guest article from our good friend Dr. ... Read more...
If you work for a company that offers you a way to leverage your savings, it pays to learn as much as possible about how that works....
Abstract This paper explores whether exposure to tight labor markets at working ages is linked to improved financial wellbeing at older ages especially for groups traditionally disadvantaged in the la...
I’ve read a lot of sentiment here about dying broke or that one’s children are doing well and can take care of themselves. I’d like to add a wrinkle. My mother’s family left he...
I put my numbers into Calculator.ficalc.app with an annual withdrawal of $50K adjusted for inflation. I then added $30K SS income to start 10 years after retirement. Does the analysis assume that I wi...
Your thoughts. Almost 61m, just had 2 stents put in, pretty good family longevity. I started collecting my pension at 53. 1700 a month with 50% going to my wife if I die. I’ve been beating the p...
What do you cash in first, IRAs or non-IRAs? We have a gap of 4-6 years between retirement and claiming SS. We need to draw from savings, should we cash the IRAs or the non-IRAs (mainly 401k's and mon...
Index funds and mutual funds are two types of investment funds. Here are the similarities and differences you need to know....
I can describe my ideal retirement in three words. Long and healthy. If my retirement is long and healthy, I’ll have very little to complain about. Beyond that, everything else is icing on top o...
When planning for retirement, Canadians often turn to registered retirement savings plans (RRSP) as a tax-advantaged option to grow their money. After all, RRSPs are designed to help you accumulate re...
Abstract Children’s participation in the federal Supplemental Security Income (SSI) program has declined substantially over the past decade. Many children with disabilities might be eligible for...
Roughly three out of four low-income households might not have enough money to maintain even their modest standard of living after they retire. This sobering finding comes in a refinement by the Cente...
When rooting for your sports team, fandom plays a big role in how you will feel about the outcome. When investing, rooting for no one can have the best long-term returns....
Major tax changes likely are on the way. It's time to plan now....
I (56f) told my boss my retirement date today. I'm giving him 18 months warning so he can find my replacement or work out a way for me to work seasonally or as a digital nomad. So excited - I know I'l...
My dad passed away a couple of years ago, and the entire process of probate, inheritance, beneficiaries was a mess. The emotional effects were obviously hard enough on my mom, but this compounded ever...
Essentially this discusses the field and knowledge around what is called liminality. The word is derived from the Latin word threshold, going from one space or place to the next. Liminality is a quali...
I plan on retiring from my career soon, and will work part-time in order to keep busy and avoid tapping into the 401K or SS yet since we don't have many bills to pay. We aren't rich, but certainly not...
My husband (66) has always been the primary breadwinner. He was laid off from his corporate job in 2004 and started his own consulting business. We've made it through, but there's never been extra mon...
For some retirees, TV watching becomes more of a thing. For others, just the opposite. My wife and I have just one TV, in the family room, and we’ve been fairly firm about never having one in th...
Episode 435: The Santa Claus rally is a seasonal phenomenon mostly driven by tax policy. Like New Year’s resolutions, it usually quickly fades…leading to the 2nd Quarter phenomenon known ...
Just like how the purchase price of a car is not the entire cost, the purchase price of a house is not the entire cost either. Let's discuss all the surprising costs that may come after you close escr...
These strategies can help you simplify your lifestyle and save money in retirement....
Adherents of “Coast FIRE” front-load their savings early in their career, but don’t stress as much later on. ...
A health savings account (HSA) is like a “super IRA,” so contribute as much as you can afford, subject to the IRS limits....
Many of you are business owners, so you have probably heard about S Corps and the tax benefits that come from being an LLC taxed as an S Corp. However, you have only heard about half of the story, so ...
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...
Unlike most topics which are covered here, I was hesitant to discuss the subject of vaccines because they have become so controversial. However, the October 2023 AARP Bulletinreported on an interestin...
I’m 54, self employed in a very physically demanding line of work. I like my job, but there’s no telling how long I can do it for. I’ve a little less than half what I need to retire ...
I want to get some insight into retirement in New Mexico. I am looking at Albuquerque or Las Cruces and was wondering if anyone here has moved to either place. We are currently in AZ and it is far too...
Have you been wondering what you’re supposed to do when it comes to refilling your retirement income buckets? So has Michael.In this episode, I’ll go into further detail about how to do th...
VGT and QQQ are two highly concentrated ETFs in the information technology sector. VGT is an ETF dedicated to the ... Read more...
At the 2014 Berkshire Hathaway meeting, I was standing on the second floor of the exhibition hall when a golf cart pulled up next to me. I glanced over and saw that Charlie Munger was sitting in the p...
Last-minute tax questions answered: should Brad in Wahoo, NE save to his regular 401(k) instead of his Roth 401(k) so he can claim the American Opportunity Tax Credit? Should Jennifer and Zeke in NY s...
Baby boomers may be wealthier, but millennials have benefited from a number of retirement reforms, new research shows — and they still have more time to save....
Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Spotify Podcasts” or read below for How to Save $100K+ in Taxes Over Your Li...
Here's how to navigate inflation, potentially lower returns and changing rules for retirement withdrawals....
Laura Stover, RFC®, takes on the topic of interest rates today, and how they relate to your financial future. It is important to consider the historical context of interest rates. Over the past fe...
According to Becker’s Hospital Review, 74 percent of doctors are either corporate or hospital employees. As of a 2021 study, ... Read more...
Major tax changes likely are on the way. It's time to plan now....
Americans live in a culture where money talks are taboo, but advisors can help clients overcome that and preserve generational wealth during the holidays....
Picture an older warehouse worker whose back pain might qualify him for a federal cash benefit for his disability. If he’s right and his application is approved, he would get the Medicare health...
Should you tell your heirs what your assets are or what they should expect to inherit?...
Estate planning is an often overlooked topic during the financial planning process. Here's why that's a mistake....