There are certain things that I would never give up. I’m talking about things like a delicious In-N-Out burger or my Netflix subscription. Okay, maybe I would give up Netflix. I mean, something’s gotta be up with the streaming service if it lost almost a million subscribers in the second quarter of 2022. However, when…
Kids Planning for Retirement? Use a Roth IRA
If you’ve reached or are reaching retirement, you’re probably in one of two circumstances. You’ve either planned for retirement and are secure, or you’ve put planning off and are in a panic. Everyone told you to start early, but just how early? It’s said that you’re never too young to start planning, and this could…
Avoid Mistakes With Qualified Charitable Contributions
October 23, 2022
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By Elliot Raphaelson From Tribune Content Agency If you have reached 70 1/2, have a traditional IRA, do not itemize your tax return and make charitable contributions, you should consider taking advantage of the Qualified Charitable Deduction (QCD) option to save on income taxes. For example, if you contribute $10,000 to a qualified charity, and…
12 Ways You Are Sabotaging Your Retirement
One of the most significant and confusing parts of being an adult is planning for retirement. Retirement savings and concerns are regularly-talked about issues in the news, and, frankly, the talk is not often brimming with encouraging updates. In truth, most Americans aren’t anywhere near as on track for retirement as they think they are….
Social Security COLA for 2023
In mid-October every year, the Bureau of Labor Statistics releases its much-anticipated report on changes (usually increases) to the Consumer Price Index over the past 12 months. Why is this little, esoteric government report—actually called the Consumer Price Index for Urban Wage Earners and Clerical Workers—so popular? Because for the past 48 years, it’s the…
Retirement: A Questionable Snapshot of Future Income
By Sandra Block From Kiplinger’s Personal Finance It’s not unusual for savers to ignore their 401(k) statements during market downturns, and that’s not necessarily a bad strategy. If you’re years from retirement, you’ve got plenty of time for your investments to recover, and sticking your statement in a drawer could prevent you from taking actions…
Is an Annuity The Worst Investment a Young Person Can Make?
October 16, 2022
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One of the best things that my mom ever did for me as a young adult was start an investment strategy for me. She wanted to get me started with investing so she set up some investment account with her financial advisor for my benefit. At the time, I was young, clueless and completely indifferent….
How to Spot a Great 401(K)
Any 401(k) can help you save for retirement. A great 401(k) allows you to save a whole lot more. The difference between a mediocre plan and a great one could translate into tens of thousands of dollars in future retirement money. Plus, a 401(k)’s quality can show how serious a company is about attracting and…
How to Enjoy a Frugal Retirement on a Fixed Income
A retirement journey is joyful. You have devoted your youth to ensure a happy retirement, and you’ll never have to worry about money again. However, even after retirement, it is best to manage unpaid debts, mortgage payments, auto loans, etc. If you planned your retirement when you were young, you wouldn’t have to worry about…
What to Do When You Enroll in an Employee Stock Ownership Plan (ESOP)
October 14, 2022
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Depending on your company, your employer may offer different benefits packages and retirement plans. One less familiar type of plan you may encounter is an Employee Stock Ownership Plan (ESOP). If you haven’t dealt with these before, you’ll understandably have some questions when your employer offers you one. Nearly 14 million people in the United…
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