Retirement

If retirement is on your radar, you might be wondering if you should retire next year. Your decision when to retire can be life changing and will influence your quality of life for the rest of your life. As such, let’s look at the factors that might influence exactly when you retire. Is 2025 A

Thanksgiving dinner is more than a national and family ritual. It is a check-in of the family Board of Directors. Yes, every family has what is effectively a Board of stakeholders with emotional, physical, and, yes, financial interests in the well-being of older loved ones. So, while you may be passing the squash and cutting

The approaching holidays provide a great opportunity to gain valuable insights that will help you better plan your retirement. Instead of enduring awkward silences or rehashing politics, ask your retired friends and relatives thoughtful questions about their life in retirement. It’s win-win—you’ll avoid tense topics, and your relatives and friends will appreciate the chance to

While becoming a millionaire may seem impossible, the good news is anyone can become a 401(k) millionaire if given enough time. According to Fidelity, almost 500,000 401(k) millionaires are on its platform alone. That figure doesn’t include all 401(k) millionaires (those combining assets in retirement accounts). Keep reading as we share the reasonably easy steps

I’ve been in the financial advisory business for roughly 28 years—and for 28 of those years, I’ve had a challenging relationship with the notion of “business development”—or the shadier moniker by which it is also known, “sales.” This has been such a tenuous relationship because many of us in the industry—and all of the advisors

Prepaying income tax on a retirement account might be a good idea. Or it could be a really bad idea. Read this before pulling the trigger. By William Baldwin, Senior Contributor Your financial advisor may be all fired up about prepaying tax on an IRA, converting it into a totally tax-free Roth IRA. Is this

Congress and the IRS made inheriting an IRA a very complicated, confusing event. Inherited IRAs are accompanied by a host of little-known rules that are traps for the unwary, and that’s before considering the end of the Stretch IRA and the creation of the 10-year rule that were enacted in the Setting Every Community Up

If you’ve never encountered the term “decumulation,” you’re probably asking, “Decumu-what???” For most of your investing life, you’ve been focused on accumulation investing, building wealth over time by maximizing your investment returns for a given level of risk. You’ve had the luxury of longer time horizons and the ability to weather the consequences of short-term

Holidays may bring you into face-to-face contact with your aging parents and other loved ones. Maybe you’ve been meaning to talk with them for future planning. You hesitate because they’re stubborn and resistant to the whole subject. You’ve put it off. Now you may have an opportunity.Perhaps your aging parents are fiercely independent, resistant to

The Centers for Medicare and Medicaid Services (CMS) announced the 2025 inflation-adjusted amounts for Medicare Parts A, B, and D. The base monthly premium for Part B will be $185.00, an increase of $10.30 (5.9%) from $174.70 in 2024. The premium is adjusted each year so that, based on the projected expenses of Medicare Part