Retirement

“Simplicity is the first cousin of contentment,” said John Stott. Whether it is a toppling stack of bills to be paid, an ungainly balance sheet to be managed, an overflowing email inbox to be processed, or a packed calendar to be hurried through, complexity rarely leads to a state of contentment. Have you noticed that?
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By Lyle Solomon, Next Avenue As you save for retirement, it’s beneficial to know how much to save and whether you’re on the right track. Everyone’s situation is different, of course, but there are some useful retirement benchmarks that can give you a sense of how you’re doing to reach your goals. After comparing your numbers to the benchmarks,
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By Chris Farrell, Next Avenue You probably heard: Meghan McCain is leaving ABC ‘s “The View” after nearly four years. Among her reasons for quitting is that COVID-19 “has changed the world for all of us,” she told The Guardian. “It’s changed the way I’m looking at my life, the way I’m living my life, the
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Congressional Democrats are expected to include a broad expansion of traditional Medicare benefits— including dental, vision, and hearing—in a $3.5 trillion social spending bill they’ll consider later this year. The move would be the biggest expansion of Medicare since Congress added a drug benefit in 2003 and would go a long way toward improving the
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People frequently tell me that they took a financial action at least partly “because it would save a few tax dollars.” Too often, a careful analysis of the situation reveals the action leaves them with fewer after-tax dollars. A classic case is the mortgage interest deduction. People often believe that owning a home with a
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Representative John Garamendi (D-CA) recently introduced a new bill that could change how the Social Security cost-of-living adjustments are calculated. The bill titled “Fair COLA for Seniors Act of 2021” would require the Consumer Price Index for the Elderly (CPI-E) to calculate what could be described as a fair Social Security cost-of-living adjustment for the
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Rising inflation has been cause for concern after the most recent June consumer price index reading increased 5.4% from a year earlier. This was the largest jump since August, 2008.  Investors therefore are seeking a hedge against inflation as speculation grows that this may be more than transitory. A sector investment into commodities, specifically a
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Today’s column addresses questions about which benefits on a worker’s record are subject to the earnings test, how survivor benefits are determined and whether having filed a restricted application for spousal benefits only mean you must file for retirement benefits at the same office. Larry Kotlikoff is a Professor of Economics at Boston University and
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Aging brings many changes but one thing we all have in common at any age is the need for connection and a sense of purpose in our lives as adults. As people age, they sometimes feel a loss of purpose. We, as family members can do something about that. Some habitually unhappy folks are not
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“Loneliness and social isolation in older adults are serious public health risks affecting a significant number of people in the United States and putting them at risk for dementia and other serious medical conditions.” ADVERTISEMENT That’s from the CDC, in their informational content titled, “Loneliness and Social Isolation Linked to Serious Health Conditions.” The material
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As I’ve said before, the first step to rehabbing your finances is admitting you have a problem. And I know what you’re thinking. You’re thinking, okay Nicole, I’ve admitted it, I have a problem, I’m shouting it from the rooftops, but what happens now? Maybe the old you had some bad money habits, and you
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Most people follow the straightforward path of real estate: We buy, we own our home, we live there for a number of years, the house appreciates in value, and we sell it. Do we pay taxes on that appreciation? For most Americans, the answer is no. This is due to Internal Revenue Code, section 121,
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In 1974, the Oldsmobile Ninety-Eight was a popular car – and the Employee Retirement Income Security Act (ERISA) was enacted to govern the US pension system. A lot has changed since 1974. Oldsmobile no longer exists, for one thing. The “typical” American family comes in many more shapes and sizes. And American workers are unlikely
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