Tag: Retirement Planning

Fully vaccinated and after a year at home, retirees are hitting the road — here’s where they’re going

Ellen Currie wants to go to Paris but she’s waiting until next year. This summer, she is staying closer to home. She plans to fly...

New rules about eating, exercising and sleeping as you age

Aging is a natural process that involves direct damage to cells and an accumulation of cellular waste, says Dr. Frank Lipman. Our ability to repair...

News and analysis for those planning for or living in retirement

From MarketWatch: Is it time to ditch target-date funds in your 401(k)?: Target-date funds are an easy way to invest a retirement portfolio, but when...

‘Life turns on a dime’: She donated $950 from her first stimulus check to a food bank — then received a cancer diagnosis

Almost exactly a year ago, Toi Cudworth looked around and realized she was one of the lucky ones. The San Antonio, Texas resident had a...

We want moderate weather and live within an hour of the mountains and less than three hours to the beach — where should we retire?

My wife and I are 57 and looking to retire in five years. Here is what we are looking for in a locale: We will...

I’m a disabled police officer. My wife persuaded me to sign quit-claim deed so she could refinance our home at a better rate. Now she’s hinting at divorce

I have been married for almost thirty years. I worked the first nine years of our marriage, I was a police officer, and became disabled....

Opinion: Before you move to a new town in retirement, check the local Walmart – and 5 other hard-learned lessons

Cost of living. Quality of life. Tax environment. Climate. We know all about these smart tips for finding the perfect retirement destination. And they are...

This man became financially independent at 36 and says the key to happiness is ‘owning your own time’

Chad grew up watching his father flip properties. Now, thanks to those lessons in real estate, he’s financially independent, managing rental units and living life...

Opinion: 9 ways to ruin your financial life in a hurry

There are many ways to fritter away our wealth. Pay high investment costs. Day trade stocks. Buy timeshares. Marry a spender. Purchase variable annuities. Retire...

I’m 63 years old, recently divorced with $130,000 in debt. How will I ever retire?

I am 63 years old and recently divorced. I earn $68,000 a year and had always planned to retire when I reach my Full Retirement...

Opinion: Why you should plan to leave money to your kids

No, your kids did not pay me to write this. Heck, I don’t know if they even deserve to get an inheritance. But bear with...

ETF Wrap: Let’s get away from it all

Raise your hand if you’ve got a mean case of cabin fever. After the past 13 months, of course you do! You want to see...

Opinion: Fall of a ‘value’ icon could be good for ‘value’

Wouldn’t it be funny if investors bailed on Charles de Vaulx’s mutual fund at exactly the wrong moment? De Vaulx, a near-legendary figure among conservative,...

If you’re in your 50s or 60s, consider these moves to avoid higher taxes in retirement

If you are working with an eye toward retirement or even semiretirement, you are probably (hopefully) saving more than you could in the past in...

Should you convert your IRA to a Roth if Biden’s infrastructure plan passes?

Some Americans may be preparing to convert their retirement assets into Roth accounts in response to President Biden’s future tax plans, but they should hold...

My parents made my sister executor of their $4 million estate, and joint owner of their bank accounts. Should I be worried?

Dear Quentin, I just found out that my parents (who are in their mid 80s) have named my sister as their successor trustee, and executor...

Whether you’re 55 or 25, do this to secure your future Social Security benefits

Americans may not receive Social Security until a qualifying event, such as turning 62, having a long-term disability or experiencing a death in the family,...

Opinion: I took advantage of the 2020 RMD rule but now my 1099-R looks wrong — what should I do?

Q: I took advantage of the 2020 RMD rule and returned what I had taken from my IRA thinking there would be no taxes. I...

India social security contributions and widening of the tax regime

The backdrop Till financial year 2019-20, only contribution by the employer to the account of an employee more than the prescribed thresholds was taxable as...

I’m on track to retire at 58. My fiancée is in debt and drives my old car, and I support her family. How do I ensure my son inherits my wealth after I die?

Dear Quentin, I have dated my fiancée for just over three years. Within those three years, I have been severed from a job and spent...

My second husband, 86, and I have 12 kids between us. He wants me to leave him everything — and will pass on the inheritance to my 5 children

My second husband, previously divorced, is 86 years old and has been putting off setting up a trust for 10 years. We have 12 children...

How to pay for healthcare costs in retirement

As retirement risks go, it’s one of the more impossible to manage and mitigate. For years now, firms in the financial services industry, as well...

We have $1.6 million but most is locked in our 401(k) plans — how can we retire early without paying so much in taxes?

I am trying to come up with a path to retire within the next two to three years and need some help. I will be...

Are you worrying too much about running out of money in retirement?

This article is reprinted by permission from NerdWallet.  Many U.S. households retire without enough money to maintain their pre-retirement standard of living. Once retired, though,...

Just 500 households in New York City will pay the highest rate in Cuomo’s millionaire-tax hike and suicide deaths fell during the 2020 pandemic — but why?

Hello MarketWatchers! It’s that time of the day… Before I share our top personal finance stories of the day, I’m here to remind you that...