Retirement isn’t easy for most couples, and it’s even harder for lesbian, gay, bisexual and transgender (LGBT) people. A modest amount of planning can go a long way to providing the financial support you need.
If you’re a millennial (born between 1980 and 2000, aka Gen Y), you face financial questions besides just getting through to next payday. Here’s how to seriously plan with your money.
Your time is a valuable resource you probably often overlook when it comes to another resource: money. We like to spend as much of both as we can today. Doing the math shows how and why it pays to invest as much as possible as early as possible.
If you receive a government pension, your Social Security benefit may suffer a reduction due to a rule called the Windfall Elimination Provision. It pays to know how it works when you plan for your retirement income.
A lot of financial planning revolves around families and married couples. But if you’re single, you need just as much (if not more) planning to navigate toward retirement. Here are five tips to get you on track.
Inflation is the worst enemy of retirees. It is a far bigger threat to your financial security in retirement than any potential for investment loss. Preparing for inflation is crucial. Here are a few tips.
Is Social Security going bust? As the program turns 75 this year, that’s a valid question. A lot of people fear that they can’t expect benefits in the future. Not to worry: The system’s solvency problems aren’t that bad, and Congress can enact some easy fixes to ensure its ongoing stability.
President Barack Obama wants to crack down on advisors who get commissions for selling retirement plans. On the surface, his goal seems noble. But it ignores reality, targeting the wrong people and misunderstanding the problem he perceives.
So you make too much money to qualify for a Roth individual retirement account. What if you still want to have sources of tax-free income in retirement, which is what a Roth gives you? I present the backdoor IRA, a way to establish a Roth despite the income limits.
How should working couples approach their retirement accounts? By scrutinizing the pros and cons of each, and then making a coordinated plan.