Posts by GRA News Blog
‘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 MoreYour net worth will ‘go crazy’ once you pass this money milestone — even Charlie Munger said you can ‘ease off the gas’ once you get there. Here’s the magic number and how to hit it
Discover the millionaire club’s gateway for young Americans through the power of compounding. Learn the pivotal role of the first $100,000 from financial experts like Mark Tilbury and Charlie Munger—explore…
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 MoreWhat To Know About The Roth Solo 401(k) In 2024?
You could maximize your tax-free retirement income with a Roth Solo 401(k), a strategic choice for savvy business owners. This unique retirement account allows both you and your spouse to…
Read MoreNon-Refundable vs Refundable Tax Credits: What’s the Difference?
Tax credits and deductions play a crucial role in reducing your tax liability, providing valuable ways to lower the income tax you owe. Described by the IRS as a “dollar-for-dollar”…
Read MoreThis Social Security Spousal Rule Is Officially Finished in 2024 — But These 3 Strategies Remain
A longstanding Social Security spousal rule concludes this year for most individuals, except those who turned 70 on Jan. 1, 2024. The rule, permitting recipients to switch between their benefits…
Read MoreA Psychiatrist Tried to Quit Gambling. Betting Apps Kept Her Hooked.
Kavita Fischer’s fortune took a surprising turn when a $750 investment led to a remarkable $500,000 winning streak in just six days last summer. Despite her background as a mental-health…
Read MoreIs an Annuity Right for You? Here’s What You Should Know
The decision to incorporate an annuity into your retirement plan sparks varying opinions on its effectiveness. While some, including knowledgeable financial advisers, believe annuities can be crucial for shoring up…
Read More‘Fraud is at a crisis level,’ says expert: 5 financial scams to watch out for in 2024
Advanced technology and artificial intelligence are heightening the challenge for consumers to detect scams. Fraud costs in the U.S. exceeded $7 billion in the first three quarters of 2023, up…
Read MoreHow to save for retirement when you’re in your 30s
Entering your 30s brings increased responsibilities, from purchasing your first home to expanding your family. With the addition of marriage, a mortgage, and the costs of raising children and pets,…
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