Retirement

Has the premium for your Medicare Part D prescription drug policy increased for 2024? Mine has. I recently received notice that my monthly premium would increase by more than 21%, from $28.40 in 2023 to $34.50 in 2024. This increase came on top of a large increase from 2022 to 2023. With increases occurring in

It’s time to assess your IRA plans and be sure to take before the end of the year the actions that can increase your financial independence. Many actions must be completed before December 31 or the opportunity to reap their benefits for this year is lost. In many cases you want to initiate the actions

Deciding when to retire is one of the most important decisions facing workers in their 50s and 60s. Your decision will significantly influence your financial security, health, and life satisfaction for the rest of your life. It’s a serious decision that only you can make—nobody else can tell you the best age at which you

The estate of the late actor, James Caan, who appeared in The Godfather and many other films and television shows, lost a recent Tax Court case that has lessons for other taxpayers. The case involved two of Caan’s IRAs. The IRAs owned interests in a hedge fund. The tax code allows IRAs to own non-publicly

Share to Facebook Share to Twitter Share to Linkedin The hardest part of investing for retirement is budgeting ample contributions. Solve that issue and you jump into the next hardest part: Deciding how to invest. Your retirement investment decisions should flow from a target asset allocation that aligns with your time horizon and risk tolerance.

The U.S. is desperately short of nurses, personal care aides, and other direct care workers who help frail older adults and younger people with disabilities manage their days. Instead of dealing with the problem, policymakers have, predictably, devolved into their usual partisan blame-mongering. Watch, if you can, this recent hearing of the House Energy and

The U.S. is desperately short of nurses, personal care aides, and other direct care workers who help frail older adults and younger people with disabilities manage their days. Instead of dealing with the problem, policymakers have, predictably, devolved into their usual partisan blame-mongering. Watch, if you can, this recent hearing of the House Energy and

Immediate Action Advisable The Corporate Transparency Act (“CTA”) is a new federal law that may affect you in significant and unexpected ways. Since the law only becomes effective January 1, 2024 and entities created before 2024 only have to file January 1, 2025 it seems that most folks are just not taking any action now.

If you think retirement planning moves stop at retirement, think again. For high earners, converting an IRA to a Roth IRA while you’re still working could be the worst time of all. Although it won’t make sense in every situation, retirement can be a unique opportunity for Roth conversions for some investors. Particularly for individuals

A new report from Apartment List by Chris Salviati reveals a surging supply of extra bedrooms amid rising demand for cash by seniors facing a retirement income crisis. This intriguing finding raises the question: Can seniors rent out their spare bedrooms to stave off low income in old age? It’s an age-old question, actually. For