Retirement

Happy family taking Selfie while sitting in cafe Getty In addition to your health insurance premiums, your employer may offer a flexible spending account (FSA) or health savings account (HSA) to help offset your out-of-pocket costs. There are some key differences between these two options you should know about. Flexible Spending Account FSAs allow you
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Father Knows Best was more than a popular 1950s TV show. It’s an adage that has withstood the test of time (and the turbulent 1960s). This Father’s Day, as you pay homage to your sire, delight him by recalling some of his wit and wisdom when it comes to financial matters. The worth of these
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America should finish a job it started more than four decades ago: rebuild China. Help Beijing open up its economy to the rest of the world and bring prosperity to its people, that is. There was time China was a closed economy, experimenting with different socialist roads to prosperity. That was back in the 1950s,
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Will you be able to retire safely under the SECURE Act? expatica.com My previous post introduced the potential consequences of the SECURE Act, which is being promoted as an “enhancement” for IRA and retirement plan owners.  This is because it includes provisions allowing some workers to make higher contributions to their workplace retirement plans. I
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When government agencies try to make decent consumer protection rules, they often trip over themselves. The Securities and Exchange Commission (SEC), which just issued “best interest” rules (Regulation BI) for brokers and advisers, stumbled often in its decade-long path, although it seems to be going in the right direction. Here’s the gist of the rule:
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Martin Feldstein (MONEY SHARMA) AFP/Getty Images The cleverest idea from Martin Feldstein was a plan to take unemployment funds away from employers and hand them to employees. Workers of the world, unite! Feldstein, who died June 11, was an illustrious Harvard economist of a conservative bent. He worked for a while in the Reagan administration.
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By Beth Braverman, Next Avenue Contributor rossmoor.com The first time Mary Hickey, 53, and her husband, Joe, 59, looked at a home in Sun City Peachtree, a development in Griffin, Ga., in early 2016, they didn’t realize it was an age-restricted community. But the more the accountant and human resources manager learned about the activities there,
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Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses whether Social Security will force receipt of a retirement benefit at 62, whether claiming early benefits might be advisable, whether Social Security will suspend widow(er)’s benefits at 62, filing
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On May 23, 2019 the House of Representatives overwhelmingly passed the SECURE Act (Setting Every Community Up for Retirement Enhancement). A more appropriate name for the bill would be the Extreme Death-Tax for IRA and Retirement Plan Owners Act, because it gives the IRS carte blanche to confiscate up to one third of your IRA
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time is money concept, young women holding coin in glass cup and retro alarm clock over abstract background Getty Retiring involves a certain amount of risk even at the best of times. Some retirement funds, like a 401(k) or an IRA, are subject to market volatility. But what if you’re forced to retire early? Or
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When you look at the research on retirement success, the same factors keep popping up. Saving enough money, of course, really helps, but there are some solid reasons why some do better in retirement than others. Boston University Sociologist Deborah Carr, however, found that not everything is equal when it comes to retirement security. Some
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No economist thinks a recession is natural. But very few believe governments can overcome the instability of capitalist markets without policy interventions. Here are rules of thumb for anti-recession policy. Fiscal policy—a tax cut or government spending—can cause a temporary stimulus after about 6-8 months, while monetary policy—the Federal Reserve’s actions to lower interest rates
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