How Long Will My Money Last? Never Outlive Your Nest Egg With These Simple Tricks
If you are turning 65 today, the odds are that you will live until you are at least 84. Those special birthdays are great news for
If you are turning 65 today, the odds are that you will live until you are at least 84. Those special birthdays are great news for
If you are in a situation where you just received a new job (Congrats!) and are in a rare situation where your employer provides both
Retiring well and enjoying your golden years requires a lot more than just qualifying for Social Security. Social Security’s average retirement payment is only $1,503 a month, and that can leave a big gap between your monthly living expenses and the money that Social Security provides.
There is one thing that is becoming as certain as death and taxes; that is, the cost of a college education is growing fast in the United States. Thus, it is never too early to begin saving for your child of grandchild’s college.
The odds are that if you are approaching retirement, a question you keep asking yourself is how will you cover nursing home or home care expenses. Long-term care insurance helps you make sure that you can afford one of the largest expenses a retired person may face- without burdening your children or spending their inheritance when the time comes. Still, millions of Americans skip long-term care insurance because of the cost associated with the plans…
Something is alluring about the idea of investment real estate. The notion that you can build equity in a property while getting a steady monthly check delivered directly to your bank account without needing to do much work is a powerful one. While most landlords find that real estate is not quite a passive investment option, many agree that it is a highly lucrative asset class that features unique tax advantages.
2020 is the year of “out with the old, in with the new.” That is particularly true in the world of retirement planning. The old, canned advice was for retirees and people nearing retirement to gradually transition away from stocks and towards an increasingly bond-heavy portfolio.
Seniors retiring into the COVID-19 economy are finding newfound appreciation for their monthly Social Security checks. The program that provides direct monthly payments to retirees is probably the most popular and successful government program in American history.
I started my investment career in the ‘90’s by selling 5% tax free municipal bonds over the phone to retirees. People with money, I learned quickly, want reliable income and low risk. To be confident in the bonds I recommended, I sold mostly AAA or insured bonds – not the higher-yielding, but riskier, housing, hospital, or airport bonds.
But like Mary Hopkin’s classic 1960’s hit says….
The single most common estate planning mistake in the United States happens when parents put a child’s name on the deed to their house. Parents do this because they want their children to inherit their property without probate costs and delays. Well-intentioned parents do not realize that there are safer, more efficient ways to make sure their kids get their home to help everyone avoid taxes and other complications. If you are about to add your child’s name to your home, keep reading to understand why that probably is not a wise decision and learn about some better estate planning strategies.