Retirement

This article is part of a series; click here to read Part 1. The safety-first school of thought was originally derived from academic models of how people allocate their resources over a lifetime to maximize lifetime satisfaction. Academics have studied these models since the 1920s to figure out how rational people make optimal decisions. In

Change Concept, Road Sign theme. Getty The SECURE Act of 2019 has passed. This bill is the product of bipartisan effort, which should give thinking Americans a lead-in-the-gut realization about the sorry state of retirement preparedness and the importance of this issue. If the two sides of the aisle are working together, it might be

Photo: Getty Let’s briefly think back to 2008, when the world was “falling apart” at the hands of the latest devastating (albeit temporary) market correction. The S&P 500 ended that year down roughly 38.5%. The uncomfortable joke around many offices was that a “401(k) is now a 201(k)” as the markets pillaged all those who

The Capitol building in downtown Washington D.C. Getty On April 3, 2019, I wrote an article titled, “Will The SECURE Act Make Your Retirement More Secure?”, providing a summary of the key provisions of this bill, which had just been passed by the House Ways and Means Committee. The provisions of the bill were not

Getty Imagine, you’re ready to transition into retirement, financially secure, barely having planned for it. Is that even possible without winning the lottery, receiving a large inheritance or having an old-fashioned pension plan? As more employers add automatic features to their 401(k) retirement plans, one day this could be possible. Some pieces of the puzzle

Getty This is part one of a two part series on expatriating to save taxes. The other day I got a call from a client who was concerned about the threat of tax increases if Democrats win the presidency and a Senate majority in 2020. He was particularly worried about the wealth tax proposed by

By Liz Seegert, Next Avenue Contributor Getty Images Pete Buttigieg has a plan to help those in need of long-term care. A really ambitious plan. The South Bend, Ind., mayor and 2020 Democratic presidential hopeful recently released his Dignity and Security in Retirement proposal, part of his campaign’s efforts to address the very real and

Compass with needle pointing the word retirement, concept image to illustrate retirement planning Getty Feeling old enough to worry about retirement, you have finally decided to check your 401k account to see how your money is invested.  You look at the investment options in your plan and they seem to be mostly mutual funds. Then you

Getty With Congress agreeing to pass the SECURE Act, which represents the first major retirement legislation since the Pension Protection Act of 2006, the required minimum distribution (RMD) rules that impact retirement savings accounts are changing drastically. To see an overview of the SECURE Act check out this Forbes Article. Essentially, the SECURE Act made two

Santa Claus putting a lump of coal in Congress’s Christmas stocking. Getty The House of Representatives earlier this afternoon passed two bills to provide $1.4 trillion in funding for defense and non-defense spending programs that must be appropriated on an annual basis. As is often the case with must-pass legislation at the end of the