Retirement
How to Save $1 Million for Retirement -- When You Have Nothing Saved by Age 50
Believe it or not, it can be done.<p>It's no secret that Americans on a whole are mostly unprepared for retirement -- but sadly, that includes those who …
Personal FinanceWhy Meghan Markle's Royal Allowance Won't Be A Lot Of Money
Though she gave up her job as an actress after becoming engaged to Prince Harry, Meghan Markle could still earn an income during her new life as a …
FamilyI take care of my father and pay his bills — shouldn’t he leave me his estate instead of my sister?
<b>Dear Moneyist,</b><p>I’m hoping you can help, if not with advice and practical change, with developing perspective. I live in Massachusetts. I’m …
BusinessSocial Security: 5 Great Reasons to File for Benefits at 62
A few of them may surprise you!<p>If you file for Social Security benefits at age 62, which is the first year you become eligible, your benefits will be …
Retirement PlanningPension Program Allows Los Angeles Police to Miss Years of Work, Collect Twice the Pay
When Capt. Tia Morris turned 50, after about three decades in the Los Angeles Police Department, she became eligible to retire with nearly 90% of her …
Did Your Medicare Premium Just Double? Here's How I'm Dealing With It
Two major government programs have become means-tested.<p>Turning entitlement programs like Social Security and Medicare into welfare-like schemes are …
BusinessInterested in a second income stream? Here’s how to build one
So you’re interested in a second income stream? It sounds pretty appealing, doesn’t it? What would it mean to you? An early retirement, a larger …
Investing2 Tax Breaks That Were Supercharged by Tax Reform
The tax reform bill that became law last December made extensive changes to the tax code, a few of which will even take effect for the 2017 tax year. Of the many deductions and credits that were boosted, two in particular stand out -- albeit for different reasons.<p>No. 1: The medical expense deduction<p>…
N.H. man sentenced to prison for collecting Social Security benefits intended for his children
A New Hampshire man was sentenced Friday to more than a year in federal prison for collecting nearly $37,000 in Social Security benefits intended for …
BostonUnder Tax Reform, All Businesses Are Not Created Equal, By Dominique Molina, CPA
<b>Under Tax Reform, All Businesses Are Not Created Equal</b><p><b>By Dominique Molina, CPA</b><p>Now that the dust has settled on the new Tax Reform Law (previously …
Small BusinessHow Federal Policies Mortgage the Future
Posted: Feb 04, 2018 12:01 AM<p>Twenty or 50 years from now, the uproar over the House Intelligence Committee memo will be no more than a footnote to …
Conservative ViewBuying a Home in the Next 5 Years? Here's What You Need to Know
Homeownership has long been the American Dream, but for many workers, that goal has been largely unattainable of late. That's why it's encouraging to hear that a large chunk of renters might soon move over to the ownership camp. Specifically, roughly 32% of Americans plan to buy a home within the …
Personal FinanceIs It A Lie That Real Income Is Improving?
We all know that inflation eats away at any gains in personal income.<p>But is inflation adjusted income properly showing the correct situation?<p>No major …
BusinessHow you can make £2,000 for your portfolio with no effort
How would you like to earn extra £2,000 for your portfolio this year? No, this isn’t some dodgy get rich quick scheme or risky trading plan. It is a …
InvestingMumbai: MACT rejects housewife’s ‘future loss of income’ claim
While the woman had sought compensation of Rs 8 lakh, the MACT ordered that she be given Rs 5.09 lakh towards medical expenses, disability, pain and …
IndiaHow to Apply to a New Job at a Company That Once Rejected You
Sometimes, we set our sights on certain companies to work for, only to have those same companies reject us the first time we apply. It happens to the best of us. But what if a new role opens up at a company that's already passed you over? Do you apply, knowing you've been denied in the past?<p>Believe …
Employment5 Things You Can Learn About Investing from Nassim Taleb’s Skin in the Game
If you can master the third, you're light-years ahead of most.<p>Nassim Taleb is one of the pre-eminent thought leaders in the world. He often espouses …
Retirement PlanningNeed Money From Your 401(k)? You Should Borrow, Not Withdraw
Withdrawing may seem more attractive than a loan, but it can seriously hurt your long-term savings.<p>To some people, 401(k) accounts look like giant …
Personal FinanceWhy it might be better to take Social Security at age 66 instead of 70
Conventional wisdom about Social Security bites the dust—again.<p>As you undoubtedly already are well aware, most financial planners recommend that—so …
BusinessAlmost Half of Retirees Spend More Than Expected on 2 Common Expenses
Make sure your planning prevents sticker shock in these major spending categories.<p>Let's face it: Planning for retirement is hard. There's no way to …
Personal Finance5 Books to Read Now if You Want to Retire Rich
The best retirement planning books, according to experts.<p>You might be able to start collecting Social Security at 62, but personal finance expert …
Retirement Planning5 Proven Ways to Boost Your Retirement Income
Want more money in retirement? Who doesn't? Here are a few tricks for getting your hands on some extra cash during your golden years.<p>Many of us think …
Rental HousingYes, You Can Find a Financial Planner Even if You’re Not Rich
“Please help me find reasonably priced financial advice from someone who won’t rob me blind.”<p>Someday, I’ll create a keyboard shortcut reply to that email, which I receive nearly every week, that pastes in all of the questions to ask when seeking such a person. But an ugly fact of the financial …
BusinessThis is how to save for the future — and how much money you really need
What’s the scariest scenario you can think of? Facing a grizzly bear while out for a walk? Jumping out of a plane? Both might be terrifying, but for …
Personal FinanceTax season: 10 tips for doing your taxes yourself
If you’re planning to file your own tax returns this year, you’re in good company. Approximately 33 percent of Americans file their own taxes each year.<p>As you’re gathering all of your 2017 tax documents and preparing to file your taxes there are some important things to keep in mind. Following …
Personal FinanceMillennials Need More Than $1 Million to Retire | Investopedia
Millennials, I urge you to take action toward a specific goal today: Increase your income, protect your assets and prudently maximize your earnings …
Roth IRAAsk Larry: How Much Will My Wife Get If She Files Now?
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits.<p>Today’s column addresses the calculation of spousal benefits, the earnings test, filing before FRA and times when filing and suspending a retirement benefit could be a …
Home DepotMillennials, this retirement hack is for you
With the new tax law, there's one retirement tool that's never looked better: The Roth IRA.<p>While Roths are not new, they are worth a second look following passage of the Tax Cuts and Jobs Act — especially for those in the gig economy, without an employer-sponsored 401(k) plan. These workers are …
MoneyDeducting Losses On Your IRA Investments
We all hope that our investments will produce profitable returns. And while you can get guaranteed results on some investments, such as certificate …
Roth IRASaving Money and Spending Money Only Matter Relative To Your Income and Net Worth
We've covered a lot of ground when it comes to <i>saving</i> money but what about <i>spending</i> money? It's a topic equally as worthy of analysis when …
Personal Finance