If you’re looking for a smart way to invest for retirement, consider adding gold to your portfolio. Gold has long been considered a safe investment with a solid track record, but it also provides an opportunity to diversify your portfolio at no additional cost. In this post, we’ll walk through the steps of investing in…
Family Maximum Doesn’t Apply to Couples
I frequently get questions from soon-to-be retirees who have heard about a “family maximum” that applies to Social Security benefits, and they are afraid that rule will reduce the benefits they are due as a couple. So, here is the message of this column: The family maximum rules do not apply to a husband and…
Is Social Security Running Out of Money?
The Build Back Better bill that Congress sent to the Senate had several social reforms. It proposed more spending on Medicaid and offered hearing benefits through Medicare. But Social Security wasn’t mentioned. When the Senate passed the Inflation Reduction Act, it also didn’t address Social Security. Social Security is running out of funding. The Social…
Capitol Report (Aug. 22): Dr. Anthony Fauci Announces Retirement; Update on FBI Trump Raid
Dr. Anthony Fauci is stepping down in December—and Republican lawmakers are vowing to investigate him even when he’s out of office. Just a few weeks ago, Fauci hinted at the possibility of staying on until the end of 2024. With the sudden news of his retirement, some are asking: why now? President Joe Biden’s pause…
High Inflation Pushing Retirees Back Into the Workforce
Since the beginning of 2022, many Americans have been returning to the workforce due to a massive rise in prices due to high inflation. During the pandemic, millions of Americans quit their jobs, or were fired due to the lockdowns, or retired early, in what came to be known as the “Great Resignation.” After the…
Ask Kip: How to Donate to Charity and Get Income in Return
By David Rodeck From Kiplinger’s Money Power Q: I’ve been thinking of making a sizable donation to charity, but I’m a bit worried about giving away money I might need in retirement. I’ve heard that a Charitable Gift Annuity could be the answer. How does that work? A: A Charitable Gift Annuity can generate retirement…
20 Retirement Mistakes You’re Making Now That Will Cost You Millions
Have you put much thought into your retirement? Unfortunately, most of us don’t. And, that could have serious repercussions if you want to actually enjoy your retirement years. Retirement mistakes are rapid. The thing is, retirement involves more than just opening a savings account and forgetting all about it. You’re also going to have to make some…
Retirement Savings: When and How to Start?
“After climbing the mountain you can finally enjoy the view”—Anonymous From our 20s till the late 60s, we climb a mountain full of professional responsibilities, family responsibilities, struggles and challenges. Oftentimes, we feel tired and no longer feel the zeal to continue. But, the view at the top of the mountain flickers in front of our…
Another Misleading Headline
I don’t know how you folks get by without being scared out of your wits by misleading Social Security stories you read in newspapers or see online. Because I know the subject so well and because I can decipher the confusing and sometimes scary Social Security-related muck that’s out there, it doesn’t bother me. But…
The Savings Game: Roth Advantages Reviewed
By Elliot Raphaelson Based on reader inquiries, many readers do not understand when funds are available after a Roth conversion. When you make a Roth IRA contribution, it is understood, by most, that after you pay the income tax in the year of the contribution, there is no tax or penalty associated with the withdrawal…
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