Curated articles and podcasts from trusted financial experts and real retirees.
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Last week I wrote about 21 end of year tax planning moves W2 income earners can make. So of course I have to follow that up with a similar post for business owners. Let’s walk through 23 impactf...
If you are curious how attorney Mike Ketchmark and his team were able to win a landmark $1.8 billion class-action lawsuit on price fixing against the National Association of Realtors, Keller Williams,...
If you have cash on hand at retirement, a multi-year Roth conversion strategy is worth considering depending on your asset mix and other factors....
Intriguing question with an age - old answer. Can seniors take in boarders to get some extra cash?...
I'm hoping to call it quits in just over a year. This next year is going to be spent planning so that I'm ready for the big day. I know HR isn't always in your corner and I know that I don't have to g...
Am enjoying this group... Seems like a lot of people in here are very helpful and very knowledgeable. My question is this, where do I go to get accurate? Timely research on retiring? I am 62 and think...
About me: Retired since 2017, 67 years old, single, child-free, no family nearby. I presently live in an affluent Coastal California mid-size city. My townhome is fully paid. I live a peaceful life, e...
I want to acknowlege that this may sound self-indulgent and annoy anyone who is struggling right now. I am not and I am thankful, even though maybe going through a rough patch today. The gift of time ...
In the past on this forum I asked for ideas on where to move. A couple of my thoughts were Texas, Florida or Alabama. Well, my wife and I did move. Across town less than a mile away. (There's no place...
Hello I moved from Texas where we had a estate plan done by professional board certified estate planning attorney. However now we are in a different state Oregon that has estate tax and so I went to o...
Learn about what you'll receive when you step into military retirement....
If you have different retirement accounts at various brokerage firms, you may wonder whether you should consolidate them. One listener asked me that very question today. I’ll answer it along wit...
Episode 431: In yesterday’s session the Market had an impressive breakout, in all aspects. Price, volume and breadth were all superior. We’ll see if it holds. I’m skeptical of the fo...
No one wants to come across as Scrooge during the holidays, but without managing holiday gift expectations, many people wind up saying, “Bah Humbug!” When we fail to manage holiday gift ex...
As my retirement approached in 2021, my wife and I collaborated closely with our financial advisor to determine our streams ... Read more...
If you’re looking for a credit card that earns travel rewards, there are plenty to choose from in Canada. Aeroplan credit cards allow you to earn points for Air Canada flights, and the RBC WestJ...
The prior week we introduced some basic tax concepts that everyone should know. This week, we are going to continue to build on that foundation by discussing the different types of retirement accounts...
The first place most people say they would go for information about Social Security’s various benefits is family and friends. That’s true whether they are Black, White, Asian, or Hispanic....
Taxes can be one of the biggest bills facing retirees. Maximizing your tax free retirement income can greatly reduce you odds of running out of money as you age....
The Corporate Transparency Act requires owners and control persons of 32 million entities to file with the government. This is especially tough trusts own entities....
The experts typically say that you’re better off waiting. But that isn’t always the case....
Be clear about how retirement will improve your life. It will help you better plan for a fulfilling life in retirement....
James walks through a framework of how you ensure that your legacy goals include more than just leaving a chunk of money to your kids when you're gone. He explains the key concepts that can help your ...
I'm looking for any experiences from folks who retired close to the time that their kids were in or had just graduated from college. I have one who is a freshman and another who will start in a year; ...
Steve & Sharon in Minnesota are high earners - can they get more money into their Roth IRA without paying more tax? Should Fred in western New York do Roth conversions before required minimum dist...
The United States has no coherent system for providing long-term care, leading many who are aging to struggle to stay independent or to rely on a patchwork of solutions....
I'm not sure if you remember a poll that I put up about four weeks ago . The top request was for members of this sub to discuss about life after retirement (179 votes). The category is very broad. Thu...
Companies can help overcome talent scarcity by offering resources such as financial literacy courses, planning tools, budgeting advice and other services....
Thereport’s key findings are: As life expectancy at 65 rises, outliving one’s resources poses a growing challenge. This study explores how people perceive their life expectancy, options fo...
Abstract A longstanding puzzle in the economics of insurance, household finance, and public policy is why so few individuals annuitize their wealth. This paper describes results from a recent survey o...
What would you do with an extra $100? Every week our team curates a list of ways to earn extra cash. Why? Because the average American is living paycheck to paycheck and every little bit helps. This w...
The IRS has introduced new income limits for its seven tax brackets for 2024. Thankfully, the thresholds have all increased by 5.4% to account for inflation. In 2023, the IRS expanded its tax brackets...
The key to financial independence is saving and investing as much as you can. The more you save, the more you’ll grow your net worth. I recommend saving 15% when you’re starting out and sh...
Trying to sign up for Medicare online but the process keeps walking me through Social Security benefits which I DON’T want yet. Is this usual? How do I get on the correct path? submitted by /u/a...
Even as people work later in life, many find it difficult to pinpoint the right time to retire. WSJ columnist Rachel Feintzeig joins host J.R. Whalen to discuss how people envision leaving the workfor...
At a time when it’s easy to feel adrift, recurring acts give structure to my days and keep me connected to those I love...
On your journey to reach your ideal retirement stock options can be a valuable tool to have in your arsenal. However, it’s easy to make mistakes with them since it’s not like there’s...
Just turned 59 and earn 80k/yr. My wife is 52 and makes 50k/yr. Our only debt is 70k on our 1200 sq ft house at 2.5%. Would like to retire at 62. My 401k will most likely have 300k in it by then. Thin...
I have been working for my non-profit employer for 33 years. For the last 31 I've been contributing to my 403b, now at Fidelity. When I first started in the retirement plan, one of the offerings was a...
Me and my wife both 67 I've worked full time her a few years as we raised 5 kids. Was hard to save in those early years but last few have been great. Managed to have 600k in 401k 600k already taxed ea...
Higher interest rates make it a bit safer to spend more money in retirement...
Protecting savers from rollovers to IRAs with high-fee mutual funds is particularly important. President Biden has announced that the Department of Labor will propose a new rule – the Retirement...
Viktor applied FIRE principles frequently espoused on this blog. He grew up an immigrant raised by a single mother on welfare. He retired in 2020 at the ripe old age of 35. His wife recently joined hi...
Episode 430: The S&P 500 peaked in January 2022. It’s worse for the RUSSELL2000, with a current price at below pre-Pandemic levels. Sign up for free ALERTs & Market Commentary at: https:...
In 2021, the Corporate Transparency Act (CTA) was enacted with the goal of unveiling hidden ownership structures and counter illicit financial undertakings. Yet, while its implications are far-reachin...
November 12, 2023 – If I wanted to comment on every piece of bad advice in the personal finance community, my quiet, relaxed early retirement would be busier than the corporate career I left in ...
How it Makes Sense to Sell Real Estate in the US and Buy or Rent Real Estate in Mexico...
Living single is on the rise. Trends indicate that singlehood is not only more common but is celebrated worldwide. What might living solo mean for retirement planning?...
Longer lifespans have given older singles the opportunity to have new, long relationships. But they need to first accept that it likely will be different this time around....
Younger generations say they’re interested in speaking about their finances with family…...