Retirement

How can Congress and the Administration get working teenagers to save by opening a Child IRA? This is a question that no one is asking. It is, however, the best question that everyone should be asking. You’ve probably seen many reports about the lack of retirement savings. Currently, there’s a debate regarding whether this is
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By Mary Siobhan Brier, Next Avenue From 2001 to 2004, Bonnie McGowan found herself dealing with a lengthy discrimination lawsuit. She had purchased 157 acres in New Mexico with plans to build an LGBTQ-friendly retirement village and was promptly sued by the surrounding community. McGowan and her lawyers were able to demonstrate that a housing development
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Today’s column addresses questions about whether it’s best to file at 70 ½ or 70, potential spousal benefits before retirement benefits and when excess spousal benefits might be available. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets Maximize My Social Security
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The federal agency that regulates nursing homes, the Centers for Medicare and Medicaid Services (CMS), will require facilities to publicly report covid-19 vaccination rates for staff and residents starting May 21. The rule is likely to press operators to boost staff vaccine rates to at least the 75 percent rate that industry trade groups have
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A friend called me the other day to ask a question that I know many share and that many financial advisors are hearing, especially from those who are currently in retirement. Here’s how the conversation went, along with a few notes specifically for financial advisors to help in the similar conversations you’re having with your
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Clutter is one thing. Lots of us have unneeded items in our homes. Books abound on how to de-clutter but these do not seem to apply to aging parents. It bothers the adult children when they see it and say something but the elders do not seem to want to change the situation. Or perhaps
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Shocking that a movie about discarded older people could win an Oscar! And not just any Oscar — Best Picture! “Nomadland’s,” starring Frances McDormand and directed by Chloe Zhao, prize means millions more people will watch the movie and learn about Amazon’s “CamperForce program” and the roaming ‘nomads’ who work there, especially older workers. McDormand’s
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If you haven’t filed your 2020 tax return, are you still dealing with complexities created when RMDs (required minimum distributions) were waived for 2020? RMDs are mandated distributions (withdrawals) from tax-deferred accounts, such as IRAs. Doing your taxes for 2020 can be confusing, given that RMDs were suspended for 2020 in March by the CARES
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By Nancy Collamer, Next Avenue The freelance market is heating up. During the first quarter of 2021, the Freelancer.com platform posted over a half million jobs. And during the same period, FlexJobs.com reported a 10%+ jump in postings for freelancers in a variety of career categories. It’s a trend that’s unlikely to cool anytime soon and
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Today’s column addresses questions about when to apply to make sure you’ll receive all of the delayed retirement credits (DRCs) you earned by delaying until 70, eligibility for child disability benefits on a second parent’s record and potential options to increase benefit amounts. Larry Kotlikoff is a Professor of Economics at Boston University and the
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Rules of thumb are common in financial literature. Who can disagree with “buy low, sell high” or “decrease your risk exposure by diversifying your portfolio”? Author and retirement planner Dana Anspach, CFP®, RMA®, observes that these kinds of rules of thumb can be useful to point the way, but beyond that, may lose their value. In
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