Tag: Retirement Planning

How much SIP you need to get ₹2.5 lakh monthly income

Mutual fund calculator: Systematic Investment Plan or SIP helps mutual fund investors create a big amount in the long term by investing small smalls every...

Opinion: Should seniors get reverse mortgages?

I keep seeing Tom Selleck and Henry Winkler on TV hawking reverse mortgages. I’m pretty sure “Magnum P.I.” and “Fonzie,” now 76 and 75, respectively,...

My in-laws are still paying off the mortgage on two homes and want to build a third. What should they do?

I read your posts often and never would’ve thought I’d be emailing you one day. I’m reaching out to get your thoughts on what my...

I earn $35K, have $20K in credit-card debt, and $200K in stock. I dream of turning my studio into a rental unit and building a pool

Dear Quentin, I read your column on a regular basis and feel almost out of league to be writing. Unlike most of your writers, I...

How to get good help with claiming Social Security—when and how you claim can be the difference between a decent retirement and a terrible one

Choosing what age to start collecting Social Security retirement benefits and which type of benefit to claim shouldn’t be difficult. But boy, is it! “There...

Love and money: How your relationship with your spouse and your finances are connected

Weddings and marriage are top of mind for me these days. A few weeks ago, my niece was married, and in another two months, my...

I’m 56, my husband is 57 and retired. We have about $750,000 saved and a military pension. I’m ‘tired of working in America.’ Can I retire in three years?

I am 56 and my husband is 57. He spent 26 years in the military and is now retired from active duty. I continue to...

Morningstar gives 5-star rating to these 3 SIPs. Details here

Mutual fund SIP: Systematic Investment Plan or SIP is fast growing among the young professionals because it helps an investor to start investing with small...

Invest this amount to get ₹1.5 lakh monthly income after 20 years

Mutual fund investments are exposed to market risk but this risk factor goes down if the time-horizon of an investor is long. According to tax...

My husband wants to buy his sister out of their late mother’s $150,000 dilapidated home — and let her to stay there rent-free

My mother-in-law recently passed away. She left her estate to her two children, my husband and his sister. She had a lot of outstanding debt...

My husband has $75K on his credit card and plans to spend $8K on sporting events. What can I do? Am I on the hook if he dies?

Dear Quentin, What steps can I take to protect myself from my husband’s financial decisions? We are both 47 and have a good income (together...

Pfizer, citing Israeli data that says the delta variant is making its COVID-19 shot less effective, calls for boosters. Medical experts say it’s too soon to worry.

Israel this week said the delta variant is blunting the effectiveness of BioNTech BNTX, +4.55% and Pfizer’s PFE, +0.92% COVID-19 vaccine, but how well a...

8 inflation tips for your savings, investments and retirement planning

As we’ve all noticed, inflation has been on the rise lately — the Consumer Price Index rose from 1.6% at the end of the first...

Opinion: The tax shock that could save Social Security

If they come for our Social Security and Medicare checks in a few years’ time – and there is an ominous chance that they might –...

I’m 62, unemployed, living off my savings and waiting on Social Security — ‘Can I go fishing for the next 25 years and forget about work?’

I am a 62-year-old single male and have no children. I decided three years ago to quit work and enjoy my life instead of working...

Monthly SIP you need to create ₹20-cr retirement fund

Mutual fund calculator: Mutual fund investments are subject to market risk, but if we go by the tax and investment experts’ views, mutual funds investment...

My intelligent, talented retiree husband moonlights as a handyman. He charges $20 an hour, but is not insured and doesn’t pay tax

My very intelligent and talented husband retired from a government job about 10 years ago. He has a modest pension and Social Security income. I...

Opinion: Record heat and your retirement: Why the climate crisis should factor into your financial plan

The Pacific Northwest is currently experiencing a record heat wave so severe that statisticians say it should happen only once a millennium, but which climatologists...

How much should you withdraw in retirement now?

With stock and bond returns uncertain and inflation looming, the old rule of thumb on how much to take out annually needs to be tossed....

A quarter of 65-year-old Americans will have ‘severe need’ for long-term care

Only one-fifth of 65-year-old Americans won’t need long-term care services. Everyone else can expect to require some level of it — and about a quarter...

5 money lessons I learned in my 20s

Your 20s are a time of self-exploration, finding your footing as an adult — and likely making some money mistakes. To save you from learning...

Opinion: I’m rethinking how I hedge against inflation with TIPS and I Bonds — here’s why

Inflation punishes savers by diminishing the purchasing power of the money we’ve saved. After a decade of low inflation, this topic is once again on...

How to manage your finances if you have lost your job

MUMBAI: Losing your job is a nightmare. It may seem diffcult to recover from such a bizarre occurrence. In a challenging phase such as this,...

‘You would have to tread very carefully’: Like Peter Thiel, you too can turn your Roth IRA into a pot of gold — with some serious caveats

Peter Thiel transformed a tiny Roth IRA worth approximately $2,000 into a $5 billion tax-free behemoth, according to an article from the investigative news site...

‘When we found out, all hell broke loose’: My father used a family trust to secretly build a house — and now rents it to his wife’s friends at below-market rent

I am 49 and my wife is 51. Between the two of us, we’ve managed to save and invest wisely over the span of our...