Positive steps we can all take to protect our financial wellness during this season of uncertainty  GETTY As the global coronavirus pandemic continues to unfold, there are some non-investing matters we should consider in order to protect our families and financial well-being. Here are ten ideas to think about: Durable and Heath Care Powers of…

Read More

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

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

The old retirement mindset has been in place for generations. Pick an age and retire. One and done. That’s was so, well, 20th Century. Now people pre-retire, half-retire, return to the workforce — or never leave it. There are lots of options. The new retirement mindset is flexible, but like anything else in life, it’s…

Read More

After years of planning and saving, it’s finally here: your retirement. If you’ve achieved financial freedom and can afford to stop working full time this year, congratulations! Retirement planning was no easy task. Now, it’s time to transition from preparing for retirement to being retired. If you’re planning to retire later this year, you should…

Read More

U.S. cracking down on Social Security fraud. With Americans losing millions of dollars to scam robocalls, the DOJ is filing for temporary restraining orders against U.S. telecom giants allegedly facilitating the calls. The Senate is holding a hearing Wednesday to look into Social Security fraud, the No. 1 scam in America. Anna Werner has more…

Read More

Gregory Ricks on January 14, 2020 Does the SECURE Act have you worried about your retirement income? The new law the President signed late last year, formally titled “Setting Every Community Up for Retirement Enhancement Act,” went into effect on Jan. 1, 2020 and it could bring some changes to your retirement plan. Here are some highlights:…

Read More

How the pros help clients minimize their tax burden If you have a traditional 401(k), you will have to pay taxes when you take distributions. Unfortunately, that 401(k) money is subject to the worst kind of taxes—ordinary income taxes. The amount you pay is based on your tax bracket, and if you’re younger than 59½, add 10% (for early withdrawal) in…

Read More

GETTY The just-released, 1,773-page, $1.4 trillion 2020 spending bill means many Americans will be rewriting their retirement plans—if the budget gets signed into law before the holidays as expected.  It includes the SECURE Act—Setting Every Community Up for Retirement Enhancement Act of 2019—which passed in the House 417-3 in May but stalled in the Senate. Basically, the…

Read More