You’d be amazed how many people want to be entrepreneurs. You’d be even more amazed to learn this enthusiasm exists across all age groups. In fact, according to one study1, one in four over the age of 65 possess an “entrepreneurial intention,” while nearly one in five the age of 50 feel the same. Certainly,
Retirement
The labor market recovered remarkably quickly from the recession in early 2020. This rapid recovery has had greater importance for Black, Latino and many Asian workers than for white workers as they rely more on income from work – wages, salaries and self-employment income. Jobs returned at a rapid pace and many workers saw substantial
An ambitious project from the Stanford Center on Longevity (SCL) attempts to improve retirement outcomes by encouraging pre-retirees and retirees to plan ahead for the challenges they face as they transition into retirement. The widespread lack of forward-looking planning among people approaching their retirement has vexed retirement planners and researchers for many years. Often, people
Your mom has been hospitalized for two weeks following a stroke. One morning, she’s told she’ll be discharged by the end of the day. Mom calls you in a panic. You rush to the hospital and ask for advice. Instead, you get a much-copied list of local skilled nursing facilities and a wave good-by. This
Many Medicare beneficiaries will pay lower premiums for their coverage in 2023, but the headlines aren’t the full story. There are two key parts of Medicare affected by the latest premium news. Part B is the main part of original Medicare that covers doctor’s services and many other types of non-hospital care. (Part A covers
In the mid-1990s, a plethora of regional mutual funds popped up across America. Today, when you think of a “regional” fund, you think of broad global regions. But, three decades ago, a “regional” fund might have also referred to so-called “cheerleader” funds that promoted a particular state in whole or part. Think of these as
If you did not take your RMD from your inherited IRA in 2021 or 2022 because of the confusing messaging from the SECURE Act, and you fall into a specific class of beneficiary, you might not owe the usual 50% excise tax on RMD shortfalls. The Setting Every Community Up for Retirement Enhancement Act of
The Social Security Administration announces the cost-of-living adjustment (COLA) for the following year each year. With the bout of inflation hitting American wallets over the past year, the Social Security cost-of-living adjustment could be huge for 2023. The September 2022 Consumer Price Index (CPI) report is set to be released on October 13, and the
The Bureau of Labor Statistics shows in Friday’s data, a labor market that is growing at a modest, stable pace. In general, job and wage growth have moderated to a point, where they do not exert inflationary pressures. This could create the policy space for the Federal Reserve to proceed cautiously with further interest rate
As we approach this year’s December 31st deadline for Roth conversions, and with the looming expiration of the Tax Cuts and Jobs Act (TCJA), set to expire at the end of 2025 causing 2026 tax rates and brackets to be higher for most households, many people are looking to see if Roth conversions are appropriate