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How to Plan for a Potential Inheritance
Prepare for the inheritance wave! Millennials and Gen Xers are set to inherit an astonishing $84.4 trillion between 2021 and 2045, as baby boomers pass on their wealth. Surprisingly, it’s…
Read MoreI’m a Financial Advisor: Here Are 9 Retirement Planning Tips for Freelancers
Freelancers face distinct challenges in retirement planning, lacking traditional employer benefits like sponsored retirement accounts and HR support. With fluctuating incomes, saving consistently for retirement can be challenging. Financial advisors…
Read MoreWomen need different financial plans – Here are 4 key steps to take
Women face unique financial challenges, from the gender pay gap to career interruptions for caregiving, which can impact retirement savings and Social Security benefits. However, with the right tools and…
Read MoreWhat taxes are due on a Roth IRA conversion?
Retirement account do-overs are a rarity, but transitioning from a traditional IRA to a Roth IRA is feasible. Be mindful of taxes, as the allure of tax-free withdrawals in retirement…
Read More‘It’s costing American workers real money’: Only 10% say they will wait until 70 to claim the maximum Social Security benefit — here are 5 reasons to wait
While retirement experts advocate waiting until age 70 to initiate Social Security benefits, a mere 10% of non-retired workers plan to heed this advice, as revealed by the Schroders 2023…
Read MoreIRS Tax Move Will Save Money For Millions of Americans — Check if You’re Eligible
The IRS is introducing the Direct File pilot program, a new initiative allowing Americans to file their tax returns for free without relying on third-party services such as TurboTax or…
Read MorePros and Cons of Waiting Until 70 to Claim Social Security
Americans have an eight-year window to claim Social Security benefits, starting at age 62 and ending at 70. Deciding when to claim involves weighing the pros and cons: claiming early…
Read MoreBlackRock CEO Larry Fink wants to solve the retirement crisis and has an important message for aspiring retirees
BlackRock CEO Larry Fink, like Warren Buffett, offers valuable financial wisdom. In his 2024 letter to shareholders, Fink shared a personal story about managing his late parents’ finances, revealing that…
Read MoreWhat should you do if the US stock market suddenly drops by 25%? Here’s the late founder of the Vanguard Group’s sage advice for investors
The U.S. stock market has surged in early 2024, with the S&P 500 up over 10% following a 24% rally in 2023. Optimism is high due to the improving economy…
Read MoreFive Reasons to Take Social Security Early (and Four Reasons to Wait)
With a record number of Baby Boomers turning 65 in 2024, the decision to claim Social Security benefits early or wait until full retirement age is crucial. While the program…
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