Skip to content

Posts by gregoryricks

How to Protect Older People From the Coronavirus

People over 60, and especially over 80, are particularly vulnerable to severe or fatal infection. Here are some steps to reduce their risk. Amid the uncertainty swirling around the coronavirus pandemic stands one incontrovertible fact: The highest rate of fatalities is among older people, particularly those with underlying medical conditions. Of the confirmed cases in China to…

Read More

Don’t Let The ‘CoronaCrash’ Mess Up Your Retirement

GETTY Coronavirus has wreaked havoc on the markets. The Dow Jones has just experienced one of the quickest bear markets in history. Does that mean we’ll see one of the quickest recoveries? Does “quick” even matter in the long run? If the sudden return of dramatic volatility concerns you, you’re not alone. “When the market…

Read More

Recovering the Financial Costs of Caregiving

What to do when assisting a loved one socks your wallet Family caregivers open their hearts and their minds when caregiving for ailing loved ones. They often open their wallets, too. But there are a few ways you can try to recover the financial costs of caregiving, as experts explain below. According to the 2017…

Read More

Wednesday Q&A – What do I do if I do not have a 401k?

I do not have a 401(k). What should I do?If you don’t have a 401(k) at work, the burden falls on you to finance your own retirement savings – most commonly using an IRA. While the contribution limits can be lower for an IRA than they are for a 401(k) (or most other employer-sponsored plans),…

Read More

The Tax Implications of Supporting Adult Children

There are a number of hurdles to clear before you can claim an adult kid as a dependent. “To claim your child as your dependent, they must be under age 19 or a full-time student under age 24.”(GETTY IMAGES) MANY, IF NOT MOST, empty nesters are probably glad to have their adult children return to live…

Read More

Here’s how to maximize traditional and Roth retirement savings

KEY POINTS “Asset location” involves strategically putting your investments in accounts based on the type of tax treatment they will get. If you have money in both a traditional 401(k) plan or IRA and a Roth version, there may be ways you can maximize the differences in taxation to reduce the amount you’d owe in…

Read More

Adjusting To Retirement: Taking A New Path

Continuing with the theme of the last two articles (links to these are provided below), the third theory of retirement adjustment is known as the Life Course Perspective. It’s a very broad approach coming from the field of sociology that takes into account all the elements in one’s life. This theory proposes that adjustment is…

Read More

After a week of bloodletting, US stock markets rebound sharply

The Dow rose nearly 1,300 points Monday, its biggest percentage gain since 2009. After some major bloodletting last week, the Dow Jones Industrial Average had its biggest single-day percentage gain since 2009 on Monday, rising nearly 1,300 points or more than 5%. The S&P 500 and Nasdaq similarly rallied Monday, up by 4.6% and 4.49%,…

Read More

Women’s retirement prospects are improving, but not enough

KEY POINTS Women’s retirement readiness has seen limited growth over the past five years across the U.S. and other countries. While women still face challenges to becoming financially independent — including lower wages and more time out of the workforce for care-giving — there are steps they can take to improve their security. One key…

Read More
Call Now Button