With the holiday season looming, it’s not too soon to do your year-end tax planning. One of the consequences of achieving financial success is that, what was once a relatively straightforward tax return increasingly becomes more involved as more tax issues come into the picture.
Most people are aware that they can begin collecting their Social Security retirement payout at age 62, and, in doing so, they are informed that they will be collecting a reduced benefit. And most people also know that, the longer they wait to collect benefits, they will receive a higher monthly benefit.
Chances are good that if you turn on the prime time news on any given day or pull up your favorite newspaper on your iPad one of the top stories will relate to emerging risks around the world.
With the proliferation of investment and personal finance websites, investors have access to a boundless number resources and tools once only available to financial professionals.
It’s been very apparent over the last few years or so that those who have a 401k or retirement plan at work have been longing for some personal advice on what they should be investing in within their plans. The market returns have had such an effect that workers are turning to media, friends, family, and even co-workers for advice just to see if anything else is working. Sadly
If you’re considering retiring in the near future, you’ve probably heard or read that you need about 70% of your end salary to live comfortably in retirement. This estimate is frequently repeated … but that doesn’t mean it is true for everyone and it may not be true for you.
I once heard a man describe inflation as paying fifteen dollars for a ten dollar hair cut he used to get for five dollars when he had hair. I know that statement seems a little silly but it also holds some truth as well. Inflation is the invisible enemy that continues to limit our purchasing power each and every year. It can have a particularly negative effect on retirees or t
If you’re like many Americans, you face a sobering reality: you actually may be retired for even longer than you worked. Right now, a 65-year old couple has a 50 percent chance that at least of one will live to 92 and a 25 percent chance that the other will live to 97.
t’s safe to say when it comes to money that we all have different emotions with handling it. If that weren’t true, we would all have stress free relationships when it comes to the topic. So, why is there no simple formula that works for everyone? The answer is that we all have different financial blueprints.