Retirement

The self-employed have the potential to earn more, and build wealth faster than a traditional employee, if their business allows. If not managed correctly, though, a solo owner can also find themselves well behind retirement unless they take proper steps to save. This reality was highlighted again with new research looking at the self-employed savings

This month, the U.S. Senate’s Special Committee On Aging held a hearing to address elder financial fraud. It is entitled Fighting Fraud: How Scammers are Stealing from Older Adults. Ranking member Senator Braun stated that Medicare fraud alone cost taxpayers $60B in 2023. The committee thoroughly explored the broad topic of financial elder abuse and

Retirement planning gets real after age 50. People realize they no longer have the luxury of time to make up for financial mistakes. Making smart money moves in your 50s to achieve financial independence is essential. Here are three financial moves for people in their 50s: 1. Control your housing expense. Develop a plan to

For the first time since 2006, the Centers for Medicare and Medicaid (CMS) didn’t release next year’s projected premiums and other data for Medicare Part D policies in July. Instead, the CMS has been reworking the program to keep Part D 2025 premiums from rising substantially, increases that would be announced around election time. Significant

Share to Facebook Share to Twitter Share to Linkedin Ready to move out of the U.S.? You’re not the only one. With the election around the corner and political frustrations reaching a tipping point, many Americans are thinking about leaving the U.S. and moving abroad—and they’re not just daydreaming. According to a new survey from

As you know, for most people, you can claim Social Security retirement benefits between the ages of 62 and 70. Full retirement age is between the ages of 62 and 70. This is the age Social Security considers you to be “fully retired”. Full retirement age ranges between 66 to 67 depending on what year

6 New Retirement Rules Everyone Should Know In 2024 And 2025 In the last few years, we’ve seen a flurry of new retirement rules and changes to tax law affecting retirement account contributions and withdrawals. The sweeping new rules impact nearly every taxpayer, including those inheriting a retirement account. Here are six key new retirement

If you’re retired or soon-to-be retired, how could the recent cut in interest rates by the Federal Reserve affect your finances? Unfortunately, there’s not a simple answer, because it depends on your financial circumstances, investments, and sources of retirement income. And if you’re like many retirees, there could be both positive and negative effects on

The Social Security Administration recently introduced enhancements that should make it easier for beneficiaries to do business with the agency. One change is the acceptance of many more electronic signatures and form submissions. Most correspondence and forms no longer will require a physical, or wet, signature. Social Security said 50 forms and almost 80 types

Retirement is defined as “leaving one’s job or ceasing to work.” But it involves so much more than that. As I wrote in “Retirement As A Death,” leaving one’s job is an emotional and psychological roller coaster, particularly when one is not prepared. In order to retire successfully, it is important to realize what is