Retirement

As income rises, one of the bigger decisions that savers face is where to invest extra funds. If you’re already maxing out your 401(k) or retirement account, then this gives you a few options to consider with that extra savings. Few people realize the value that these after-tax deferrals can have on the long-term savings

We are only two weeks into the 2023 Medicare Open Enrollment Period, and I have encountered four people who are very dissatisfied with their plan. They complained that the copayment for a new drug is “insane” or “ridiculous.” These individuals have two things in common. They are all unhappy that they are paying way too

A growing number of Americans are resorting to hardship withdrawals from their 401(k) accounts, a recent Bank of America report found. This signals that financial distress is on the rise. Hardship withdrawals refer to times when people take out funds from their 401(k) accounts due to immediate and heavy financial need. Federal law states these

We are only two weeks into the Open Enrollment Period, and I have encountered four clients who are very dissatisfied. They complain that the copayment for a new drug is “insane” or “ridiculous.” In other words, they are paying way too much. These clients have two things in common. One, they are all unhappy and,

For a long time, we were entitled to only an annual credit report from the three reporting agencies: Equifax EFX , Experian and TransUnion. Now you can get a report weekly and for free. When you get a parent’s credit report, you can find a lot of information. Your aging parents may be spending more

Coordination is Critical and Often Ignored Everyone understands the need for certain critical estate planning documents such as a will (and perhaps a revocable trust), health care documents (such as a health care proxy designating an agent to make health care decisions) and a durable power of attorney for financial matters (empower a designated person

“I’m an older single woman looking for a change. Is overseas retirement an option for me?” This is one of the questions I’m asked most frequently as publisher of Live And Invest Overseas. There’s a misconception, especially among older folks, that it’s uncommon for women to explore the world, whether as tourists or expats, on

People with second homes might not give much thought to the estate taxes that could be due when they die; they’re often not even on their radar. A second home is supposed to be a place of respite, a happy place for vacationing. So, why interrupt that solitude with fear of death and taxes. However,

Every community has social pressures that may cause an individual to make bad financial decisions. This is true regardless of religion, race, sexual orientation, citizenship and so forth. The Orthodox Jewish community is no different in this regard. A loose definition of Orthodox Judaism is Jews who observe a kosher diet and the Sabbath. This

With digital nomadism taking off around the globe, people are wondering where they can travel—and stay—without having to apply for a visa. Most countries allow U.S., Canadian, and British citizens (along with many others) to enter countries for a maximum of 90 days at a time on their automatically granted tourist visa. Long-stay visas, on