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Ready for today’s retirement investing pop quiz? Are you prepared for retirement? Will your money last? In this article, MarketWatch discusses what you can do to improve your chances of not running out of money in retirement. Enjoy this complimentary download: By submitting your contact information, you consent to be contacted regarding retirement income strategies that…
KEY POINTS Single filers may exclude up to $250,000 of capital gains on home sales profits, while married couples may subtract up to $500,000. However, median home sales prices have more than doubled over the past two decades, pushing some long-term homeowners over the thresholds. Sellers may lessen the tax bite by reducing profits with…
According to wealth manager Scott Meyer, this simple rule can be a good way to start thinking about your retirement goals. Saving for retirement can seem daunting, especially when you have no idea where to start. But the 4% rule, a popular guideline used to determine how much you can comfortably spend each year from your retirement…
During the early-to-mid 2000s, investors experienced a brush with inflation. They got off easy that time around. Before that, it was the 1970s when investors experienced a more serious era of inflation. Many investors were not prepared, unsure of how to protect their portfolio during these uncertain times. But, are investors any more prepared today?…
No matter your level of debt, it doesn’t have to last forever. Key points When debt begins to impact your everyday life, you may have an issue. Debt does not represent a permanent way of life. There’s help available. According to a 2021 CNBC report, the average American has $90,460 in debt. While this number…
Counting on Social Security? Here’s how to maximize your benefits. Key Points Social Security is an essential income source for many seniors. There are steps you can take to squeeze more money out of Social Security. These strategies could set the stage for a financially healthy retirement. Even though Social Security shouldn’t be your only source of…
Taking advantage of these specialized retirement accounts can help you build your nest egg faster. Key Points A Roth 401(k) can let you sock away a lot of money for ultimately tax-free withdrawals. A Roth IRA has great flexibility in withdrawals, but contributions are a bit more limited. A Traditional 401(k) lets you get an…
Jeffrey Grimley managed to keep his dentistry practice open through much of the pandemic, putting in a restricted schedule for longtime patients. But when one of his best employees had to quit to attend to child-care needs because of Covid-19, Grimley decided to sell his practice in the Chicago suburbs two years earlier than planned…
Some labor-market indicators suggest that Federal Reserve policy makers are already behind on lifting interest rates, and supply shocks coursing through the U.S. economy would need to dissipate quickly for officials “not to be too far behind the curve,” says Deutsche Bank strategist Francis Yared. Those shocks are impacting both U.S. inflation and the labor…
Your retirement plan needs to take a holistic approach. Because there are so many decisions to make, it’s easy to get lost in the weeds. Follow these six signposts to find your way. If you’re within six months or so of retirement, there are certain things you need to do now to help prepare yourself…
The choices can be confusing, and the fine print is important. But it’s crucial to choose wisely, because it may be hard to change your mind. When most Americans turn 65, they have three basic options for health coverage: traditional Medicare; Medicare plus supplemental insurance to cover costs that Medicare doesn’t; or Medicare Advantage, a…
