(Photo by Getty) Getty Retirees have a difficult challenge on their hands, which is to replace the income they will no longer receive from a paycheck. Social Security helps in this regard, as does a pension for those who have one. But many retirees will still face an income shortfall, cautions Ben Reynolds, a contributor to
Retirement
A new survey of Americans from every state in the union has found that people with the greatest levels of joy are older, and further that as we age, our overall level of joy continues to grow as we believe more than ever that the world needs more joy. That’s good news for a country
“My mom is not safe by herself but she refuses help!” “My dad can’t manage alone anymore but he won’t go to assisted living”. As a consultant in the aging field working with families, I hear the complaints. The issue the adult children see is stubbornness. The aging parents see the family as intruding, and
The US Supreme Court limited state taxation of trusts. Getty The US Supreme Court, on June 21, 2019, issued a unanimous decision on state income taxation of trusts that was taxpayer friendly. The Supreme Court held, in North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, that the law authorizing the State
Photographer: Daniel Acker/Bloomberg © 2019 Bloomberg Finance LP Once upon a time, PepsiCo had a Greek snack problem: Best Foods, a fast-growing start-up company founded by entrepreneur Nontas Ohonos. That was back in the 1980s when PepsiCo entered the Greek market. The American giant had the scale and resources to expand into the market, snapping
Reverse mortgages are very misunderstood products Getty A few years back, I conducted and published research in the Journal of Financial Planning that showed Americans don’t understand reverse mortgages. In fact, respondents scored below 50 percent on a 10-question true-false quiz. One possible explanation for the poor performance is a lot of misinformation floating about.
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column takes up eligibility for restricted applications, potential effects of early retirement benefits on later spousal benefits, filing before 70 to allow spousal benefits, determining Primary Insurance Amounts (PIA)s and the
If you’re a baby boomer planning your retirement, you face a series of critical decisions that will influence your quality of life for the rest of your life. While these decisions may be hard to make, no one said it would be easy to be retired for 25 to 30 years. No one also said
What do tariffs, Mexico, Europe and the defense industry have in common? President Trump tweeted earlier this month that the U.S. and Mexico reached a deal to avert new tariffs. The Mexicans will send 6,000 troops to their southern border to slow migration from Central America. The agreement bolsters the president’s case for weaponizing tariffs. And this strategy
There is an adage that cautions about planting seeds of discontent. You reap what you sow. The Verge reported earlier this month that a pair of smartphone app developers are seeking class-action status to sue Apple. They claim the Cupertino-based company maintains an improper monopoly over iPhone apps. It’s part of a growing trend of legal complaints against Apple. This