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More than a quarter of women in a recent survey say they are confident they will comfortably retire, while almost a third of men voiced the same confidence.
February 27
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Filing at the wrong age and failing to take advantage of programs like spousal and survivor benefits are just a few common mistakes seniors make.
February 26
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Older clients who have lost a job prior to retirement are advised to first consider filing for unemployment insurance and begin making revisions to their budget.
February 25
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Aside from income taxes, retirees will also pay consumer taxes and may face a 3.8% Medicare surtax.
February 24
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“The advice I give is to calculate the financial impact for each option,” an expert says.
February 21
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Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.
February 20
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The Social Security retirement rate is based on their highest 35 years of wage-indexed earnings.
February 19
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The spike in the number of older employees in the workplace reflects a trend over the past decade.
February 18 -
Pre-retirees may consider funding a Roth account to take advantage of tax-free compounding and tax-exempt withdrawals in retirement, an expert writes.
February 14
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A Roth conversion “not only to minimize heirs’ tax burden but also to sustain the growth of [their] retirement savings."
February 13
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The sweeping retirement legislation, called the Secure Act, is gaining plenty of headlines. One revision is being overlooked.
February 13
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The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.
February 11
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They are advised to consider making amendments if they want to take advantage of temporary tax provisions that Congress extended retroactively in December.
February 11
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Retirees can reverse their claiming decision, but not without considering one important caveat.
February 10
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Seniors may consider working longer or relocating somewhere where their benefits are not subject to state taxes.
February 7
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Why do advisors focus so heavily on planning for a lifestyle change that may never happen?
February 7
Life Planning Partners -
All artworks, racehorses, cars, and trading cards are not created equal, and not all “investment opportunities” are the best in their field.
February 7
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Pre-retirees are encouraged to save aggressively and create a list of things they plan to spend their money on without remorse, an expert says.
February 6
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Entrepreneur Abraham Okusanya explains in the latest episode of Financial Planning’s new In|Vest Podcast how he’s trying to help firms and planners tackle retirement distribution.
February 6
