Follow a philosophy so that there is always a smart place to get money
Read More...Social Security Earnings Penalty?
A good deal of misinformation is published about a so-called Social Security earnings penalty. Many are led to believe that if they earn money while collecting Social Security, they’ll lose some of this benefit forever.
Read More...Preparing to Retire – Wealth Management Carnival #12
Today’s carnival is all about retirement: saving for it, where to open accounts, how much to withdraw once you do retire, and more. Read on for more details!
Read More...CPI Inflation Rate Calculator (Experienced vs. Reported)
Have you ever wondered why the CPI, GDP and employment numbers run counter to your personal and business experiences? The problem lies in biased and often-manipulated government reporting.
Read More...Three Reasons Medicare Advantage Can Be Called Medicare Dis-Advantage
Approaching 65? Or perhaps you need to review your current Medicare choice. Consider these three reasons to avoid Medicare Advantage.
Read More...
10 Best Places to Retire Abroad
If you like stable governments, low crime rates, socializing, great food, wine, culture and the dependability of developed countries, this list is for you
Read More...Medicare Advantage Plans: Are They For You?
Those planning to enroll in Medicare have lots of homework to do. In this article I cover the essential benefits of Medicare Advantage which is the private insurance option for Medicare recipients.
Read More...How Manipulations to the CPI Affect Your Retirement Planning
Retirees must plan to supplement this slowly dwindling paycheck or risk having to make hard sacrifices during what is supposed to be their golden years.
Read More...Greenspan, Friedman, Keynes and Lenin All Agree on Inflation
“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” – Vladimir Lenin.
Read More...Age 65 and Still Working: Sign Up For Medicare?
Is Medicare better than your current employer health plan? Signing up for Medicare is the right decision for many who stay on the job. With one exception, everyone who is eligible should sign up for Part A.
Read More...Securing Your Retirement or Working During Your Retirement
Securing your retirement financially is too important to leave the process up to chance and guessing.
Read More...More Than 25% of Americans Are Making a Financial Mistake
If you look beyond the short term, making this move is pretty clearly worse than using a high-interest credit card to pay your bills.
Read More...The ABCs and Part D of Medicare
As seniors approach age 65, they face a matrix of confusing Medicare options. Planning for health care expenses in retirement is one of the largest hurdles that new retirees face.
Read More...Three Reasons Husbands Should Delay Taking Social Security Until Age 69 or 70
Most married men claim Social Security at age 62 or 63, which leaves their future income well shy of what research indicates is optimal. Gentlemen, it’s time to wise up.
Read More...Five Things Advisors Should Tell Clients About Retirement, But Often Don’t
“Retirement today is a lot like an iceberg, where 90 percent of what’s really taking place is below the surface.”
Read More...Big Mac Index Shows Official CPI Underreports Inflation
The lack of an adequate CPI adjustments leave seniors 71 days shy of a year’s worth of lovin’ it. Seniors deserve a break today!
Read More...Naming A Foreign 401(k) Beneficiary? ($ ?s)
You should have no problem naming your nephew as your beneficiary, but accessing the money from India after your death is more complicated.
Read More...15 Tax Moves For Right Now. Really?
Do any of these ideas suggest any incentive for the highly productive to continue producing?
Read More...Social Security goes fully paperless
You should claim your own Social Security account online and give it a secure password before someone else does.
Read More...
Three steps to find a missing 401(k) ($ ?s)
Literally tens of thousands of employees who were once participants in an employer-sponsored retirement plan (i.e., 401(k) plan, profit-sharing plan) neglect to take their retirement money with them.
Read More...Live Long and Prosper
It’s not just Mister Spock who is living a long life. Japanese Jiroemon Kimura’s nearly 116 years, making him the oldest man in modern recorded history, is a reminder to have a retirement income plan that will last over the long haul.
Read More...Is Your 401(k) Holding Too Much Company Stock?
Following the holiday season, many will feel the effects of overindulging on festive sweets. It turns out that your 401(k) also suffers when indulging on too much of a good thing.
Read More...Saving, Budgeting, and Preparing for Christmas – Wealth Management Carnival #7
This week’s carnival is a smorgasbord of good ideas about saving, tips for holiday shopping, and general good advice for the future. Even Santa could use good advice about his retirement plan.
Read More...Threats to a fulfilling retirement
“Inflation and loss of capital pose dangers to retirees seeking a sustainable income stream.”
Read More...Success and Significance in Retirement
Most Americans fail to plan adequately for retirement. As a result, they often miss out on opportunities to enjoy the second half of life.
Read More...
Last Chance for a Roth Conversion during 2012
While Roth conversions will be advantageous for some next year, they are advantageous for nearly everyone in 2012.
Read More...Contributing to Multiple Retirement Plans ($ ?s)
This article reviews the coordination rules which govern the maximum contributions to 457, 401(k) and Thrift Savings Plan. Information on 403(b) plan maximums is also included.
Read More...Social Security: Henry VIII’s Family Benefits
Me: King Henry, let’s start off with this question: Are you now or have you ever been married?
Henry VIII: Yes (with a smirk).
Read More...Retirement – Wealth Management Carnival #5
This week’s carnival deals with retirement plans and plans to retire. We hear some talk about retirement accounts, a blueprint for retiring early, and that baby boomers are going back to work.
Read More...New 401(k) and IRA Limits for 2013
It’s time to consider adjusting your retirement savings. The Internal Revenue Service recently issued a variety of inflation adjustments for 2013, and retirement savers can now save even more.
Read More...Social Security: Reviewing Spousal Benefits with Martha Jefferson
Q: My husband Thomas is four years older than me and plans to delay filing for his larger Social Security benefit until age 70 when he will receive $2,600 a month. My personal benefit starts at $600 beginning at age 62. If I begin taking my own benefit early, how will this affect the spousal [...]
Read More...Tax Free $$ for Life (And We’re Not Selling Life Insurance)
You are invited to a NAPFA Consumer Education Foundation event at 5:30pm on Thursday Oct. 18th at the Charlottesville Senior Center.
Read More...How Much Should I Have Saved Toward Retirement?
Measuring progress regularly on the path toward retirement is critical. Fall too far behind, and you risk not being able to save enough to catch up. There is no downside to arriving early.
Read More...How Much Should I Save Toward Retirement If I’m Starting Late?
Knowing how much you should save for retirement is critical. But what if you are late getting started? The longer you delay, the shorter the time that compound interest can do its magic on your savings.
Read More...Suddenly Wealthy
Studies show that onetime windfalls can actually impoverish you. They make you feel rich, which inevitably leads to overspending. But wealth is what you save, not what you spend.
Read More...IRS Notice of Proposed Adjustment for Underpayment/Overpayment (CP2000) for 2010 Roth Recharacterization
Currently the IRS is sending notices to anyone who did a Roth Recharacterization in 2010 asking them to pay as though they kept the entire conversion amount.
Read More...How Much Should I Save for Retirement?
You should save 15% of your take-home pay for retirement over your working career. As your situation varies, you must adjust your safe savings rate.
Read More...$ ?s: Can Social Security Checks Be Mailed To Foreign Soil?
It is estimated that as many as 40,000 American citizens reside in Costa Rica, and many are retirees who are stretching the purchasing power of their Social Security paychecks.
Read More...$ ?s: 72(t) and other Early Retirement Distribution Options
There is a separate set of rules for those under age 55 or who are looking to distribute from an IRA. These rules focus on an exception called Substantially Equal Periodic Payments (SEPPs).
Read More...Smart Tax Planning for the Gap Years
Many families seek financial planning advice specifically for retirement. But if they wait too long, they miss an important tax-planning opportunity. A great strategy is to take advantage of the time between retirement and Social Security at age 70, the so-called gap years.
Read More...Doctors need financial planning help, too…
How is the ‘financial health’ of most physicians? Most physicians put in long hours and due to lack of time neglect their own financial and retirement planning.
Read More...Our grandparents would say ‘Duh!’
“In this [new investment reality] environment, near-term inflation is not likely to be much of a concern. The challenge will be to adapt to possible lower total portfolio returns. “
Read More...Fund a Teenager’s Million-Dollar Retirement
We teach teenagers a lot more about sexuality than we do about money. This can confuse them about what they should be learning. Give this article to a teenager and encourage him or her to start a Roth IRA.
Read More...Radio: Social Security
David John Marotta and Matthew Illian were interviewed on radio 1070 WINA’s Schilling Show discussing Social Security and how to get the most from filing at the right time.
Read More...
